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Can an HSBC mortgage offer be transferred to another property?

As per the title really.
Due to possible chain breakdown etc.

Comments

  • 520d2012
    520d2012 Posts: 71 Forumite
    10 Posts Name Dropper
    Depends on the terms. Most lenders will do another valuation on the new property and reissue the mortgage offer as long as it fits in the same LTV etc.


  • 520d2012 said:
    Depends on the terms. Most lenders will do another valuation on the new property and reissue the mortgage offer as long as it fits in the same LTV etc.


    The mortgage will be the same or less than our current offer- low LTV. Will the interest rates on the current offer be maintained, or will they be at the new rate? (they've increased since we were offered the mortgage)
  • 520d2012
    520d2012 Posts: 71 Forumite
    10 Posts Name Dropper
    The rate will be the same as the product you applied for so long as they don’t do another application.
  • 520d2012 said:
    The rate will be the same as the product you applied for so long as they don’t do another application.
    That's the information I'm trying to find out: Do I have to apply again, or will it be transferred.
  • Process90
    Process90 Posts: 96 Forumite
    10 Posts Name Dropper
    Our broker has told us that HSBC will just transfer it over to a new property should our current one fall through.
  • 520d2012
    520d2012 Posts: 71 Forumite
    10 Posts Name Dropper
    520d2012 said:
    The rate will be the same as the product you applied for so long as they don’t do another application.
    That's the information I'm trying to find out: Do I have to apply again, or will it be transferred.
    From the information you have provided it looks like you won’t need to apply again.

  • Did yours get ported? We're being told now that 90% LTV have been removed we can't port over...
  • Did yours get ported? We're being told now that 90% LTV have been removed we can't port over...
    We had enough of the whole saga and completely pulled out of the buying process so never asked. Shame really as it was a good deal before they changed the interest rates.
  • Change of property will be allowed through a post application amendment so the product will still be valid but they may do futher underwriting on income if they want to
  • As per the title really.
    Due to possible chain breakdown etc.
    Hi did you find out any information on this? 

    I am in a similar position some advise would be greatly appreciated 
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