Two mortgage offers

Hopefullbuyer

Short question- can you have two mortgage offers ?

We had offer accepted on house in September sellers said they wanted fast sale and would complete when we needed them too... fast forward to December and we’ve signed and paid deposit while they’ve only just applied for their mortgage offer! The sellers have since changed mind on whole getting out when we need them too part.

Long story short we got mortgage offer from Halifax with great cash back offer and deal. It expires February 28th 2019 so still got some time.

I’ve since found equal deal else where should the Halifax one expire before the sale, what’s very likely as sellers (chain free above and we’re chain free) aren’t quick to send anything back or respond to solicitors questions even their own solicitor...? And think they’re having more checks on empty property they’re buying (can’t fault them for that we just don’t want to shoot self in foot)

But this product also has an apply by date of 10th January. Naturally I’m going to wait till after Christmas see if by some miracle by end of first week back they’re ready to exchange too with completion date that fits our current deal. But should this not be the case can we have two mortgage offers?
Been reassured by Halifax advisor to wait out our cure offer as is good and they can’t match it in current climate. So renewing an offer isn’t something I want to do ideally.

*** I know will have to pay for another valuation but would rather do this and buy myself 6 months extra time to complete. Plus don’t want to loose deposit!

da_rule

Why would you loose your deposit?

Have you actually exchanged yet?

Yes you can have two offers but the first one will potentially show on your credit file so may cause complications with the second one.

Hopefullbuyer

Not exchanged yet we’ve signed they haven’t as the house they’re buying has issues.. but if they decide to exchange close to deadline of first offer and it expires before completion and say we can’t get another offer for whatever reason (I’ve got job change coming up and operation that will mean 6 weeks signed off, have savings but some can be wary) we could loose the deposit if we have to pull out of the sale

Thank you for reply

getmore4less

We had offer accepted on house in September sellers said they wanted fast sale and would complete when we needed them too... fast forward to December and we’ve signed and paid deposit while they’ve only just applied for their mortgage offer! The sellers have since changed mind on whole getting out when we need them too part.

I think your mortgage may be one of your smaller problems,

as sellers (chain free above and we’re chain free) aren’t quick to send anything back or respond to solicitors questions even their own solicitor...? And think they’re having more checks on empty property they’re buying

They are not chain free, and may even decide to pull out of their purchase if they are still faffing around after 3 months.

Cakeguts

Chain free means that you have nothing to sell and they are not buying another house. This isn't the case here is it? They are buying another house so they are not chain free. You are in a chain. It may be a very short one but it is still a chain and it could collapse at any time.