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Am I subject to any penalty fees?
Martyn_Bradford
Posts: 1 Newbie
Hello and thanks for reading....
I was recently accepted for a remortgage with Nationwide, however the surveyors valuation was well below what I was expecting and I am unable to now get the fixed rate product I wanted because of it. The advisor at Nationwide has suggested the valuation is appealed, however in the meantime I have been offered a better deal by my current lender so I have lost interest in the Nationwide deal, would I be expected to pay any fees to Nationwide at this stage if I changed my mind? A conveyancer has been assigned...many thanks
I was recently accepted for a remortgage with Nationwide, however the surveyors valuation was well below what I was expecting and I am unable to now get the fixed rate product I wanted because of it. The advisor at Nationwide has suggested the valuation is appealed, however in the meantime I have been offered a better deal by my current lender so I have lost interest in the Nationwide deal, would I be expected to pay any fees to Nationwide at this stage if I changed my mind? A conveyancer has been assigned...many thanks
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Comments
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Usually you would not be charged anything in this scenario if you do not proceed and it has not gone to offer stage - Cancel the application with Nationwide if you do not plan to proceedI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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