We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Mortgage offer - change property
LOliverB
Posts: 26 Forumite
Hi, I have my mortgage offer, homebuyers report terrible , can I keep offer (it says valid for 6 months) and change the property as long as it is the same price or less, is this easy to do? I know I will probably have to pay for a new valuation report .
Thanks
Thanks
0
Comments
-
No.
The mortgage offer relates to that property. You will need to re-apply once you find a new property.
But why start a new thread and duplicate your post?
https://forums.moneysavingexpert.com/discussion/6065165/homebuyers-report&page=20 -
The lender want to know that the property is good security for their money, which is why the offer is property-specific.0
-
Thanks , if they already have all my paperwork. Will it be a lot quicker?
(Started new post - as thought this should probably be a new thread - not sure if I can delete other post )0 -
Depends on the lender. Some will make you start again, some will just take new property, do a new valuation and then issue a new offer.
Who is the lender?0 -
As JMA says, many things in our business are lender-specific.
Halifax can do a simple change of property: Nationwide is a reapplication.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, 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. Please do not send PMs asking for one-to-one-advice, or representation.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards