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.
📨 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!
Purchase price renegotiated - mortgage offer?
aestivus
Posts: 39 Forumite
FTB, so maybe a bit dumb about this, but:
I've just successfully renegotiated the purchase price on a flat I'm in the processing of buying, based on some work that needs doing. I'll still be borrowing the same amount, and my LTV is changing only minutely; do I need to go back to my broker and change anything to do with my mortgage offer?
I've just successfully renegotiated the purchase price on a flat I'm in the processing of buying, based on some work that needs doing. I'll still be borrowing the same amount, and my LTV is changing only minutely; do I need to go back to my broker and change anything to do with my mortgage offer?
0
Comments
-
If you have renegotiated your purchase price and as a result will be paying less deposit (which it sounds like) then yes you need to let your broker know and also your solicitor as the paperwork for the mortgage will need to be accurate.
- Original mortgage end date: March 2041
- Current mortgage end date: Dec 2032
- MFW 2025 #15 £628.00/ £2,400 /// MFW 2024 #15 £1,608.85/ £2500 /// MFW 2023 #15 £8,617.84/ £10,000 /// 2022 #15 £7,315.24/ £7250 /// MFW 2021 #15 £8,530.07/ £8500
- Daily interest is currently £4.48
1 -
Perfect, thank you! Solicitor already knows, but I shall contact the broker now.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards