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!

Change of property on existing Halifax mortgage offer

Arefer
Arefer Posts: 48 Forumite
Third Anniversary 10 Posts
edited 15 June 2020 at 1:57PM in Mortgages & endowments
Hello everyone,
I've an existing residential mortgage offer from Halifax obtained through a broker in March and valid until October. I'm thinking of offering on a new property and leaving the current one due to extensive delays. The property price, LTV (85%), etc. will remain the same, although I can now afford a 20% deposit if required.
Does any broker know the current Halifax procedure to change the property on the offer? Would the case need to be re-underwritten from scratch again, or is it a simple process as the loan amount remains the same? I understand a new valuation will be triggered by this change.
Thank you.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

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

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.