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Revised mortgage offer?

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lemliss
lemliss Posts: 81 Forumite
Third Anniversary 10 Posts Name Dropper
in Mortgages & endowments
We had our mortgage offer approved in August, got the below text today, broker has no idea what's going on, rang NW who said it was something to do with land registry, can't get my solicitor to answer the phone..
But can someone just confirm to me im reading this right please..
The purchase price - the mortgage offer is the sum left the amount you pay in deposit?
We advised we had a 15% deposit but the total amount less the mortgage offer is 13%.. does this mean we need to put in a 13% deposit?
Sorry I've never done this before and I'm so confused even more so now 🤣
NATIONWIDE FTB -
Full application- 8th July 2020
Hard credit check - 19th July 2020
Physical Valuation carried out - 5th August 2020
Valuation received by Nationwide - 7th August 2020
Offer via text message - 18th August 2020
Message via text saying revised mortgage offer - 13th November 2020
Exchanged contracts - 16th December 2020
Completed - 18th December 2020

VIDA HOME MOVER SOLE MORTGAGE
Full application - 29 November 2023
Requested more documents - 
4th December 2023
Offer subject to Valuation- 6th Dec 2023
Valuation booked - 6th December 2023
Physical Valuation carried out - 7th December 2023
Underwriting 11th December 2023
Mortgage offer - 20th December

Comments

  • kingstreet
    kingstreet Posts: 39,254 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Chances are your solicitor has reported something to the lender which has come up during conveyancing. Lease term, ground rent & service charges confirmed, something like that. On the deposit issue, did you add a fee to the loan?
    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.
  • lemliss
    lemliss Posts: 81 Forumite
    Third Anniversary 10 Posts Name Dropper
    Apparently the address was formatted wrong, and when they submitted it first time they had done it incorrectly.
    No we haven't added anything on, the amount of the loan and and the 13% deposit makes the full purchase price so maybe that's just a nice surprise 🤣
    NATIONWIDE FTB -
    Full application- 8th July 2020
    Hard credit check - 19th July 2020
    Physical Valuation carried out - 5th August 2020
    Valuation received by Nationwide - 7th August 2020
    Offer via text message - 18th August 2020
    Message via text saying revised mortgage offer - 13th November 2020
    Exchanged contracts - 16th December 2020
    Completed - 18th December 2020

    VIDA HOME MOVER SOLE MORTGAGE
    Full application - 29 November 2023
    Requested more documents - 
    4th December 2023
    Offer subject to Valuation- 6th Dec 2023
    Valuation booked - 6th December 2023
    Physical Valuation carried out - 7th December 2023
    Underwriting 11th December 2023
    Mortgage offer - 20th December

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