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Mortgage Crisis
Gidged500
Posts: 41 Forumite
Cut a long story short found a me and my partner loved. The seller accepted our offer and we went through the necessary steps. We got our mortgage offer and we’ve accepted it but now the seller has pulled out.
What’s our next step please? We’ve found another house but can we apply for a new mortgage so soon after this one ?
Any help is massively appreciated thank you
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Comments
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What’s our next step please?
Assuming England & Wales, you move on and start again with a new property.
We’ve found another house but can we apply for a new mortgage so soon after this one ?
Your broker, if you used one, will just go through the changes and resubmit. All quite normal and nothing to be worried about. Although they will have to do a valuation and affordability checks again. Although if the figures are in the same ballpark then you should be ok.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.1 -
Thank you so much dunstonh really appreciate that answer really helpful and informative.We are in the UK sorry should have said0
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You are not applying for a new mortgage. You are simply altering the security for your existing application.
Your Broker or Lender will guide you through.I 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.1 -
So really I just need to contact my broker and they will walk me through.amnblog said:You are not applying for a new mortgage. You are simply altering the security for your existing application.
Your Broker or Lender will guide you through.Thank you , sorry been panicking about this0 -
You can probably just switch your offer to a new property, nothing to worry about.I am a Mortgage AdviserYou 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.1
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