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Getting Two Mortgage Offers
Options
sh856531
Posts: 450 Forumite
Hi all
We have a mortgage offer from Barclay's that expires before our expected completion date. Apparently as our new completion date approaches, I can apply to Barclays for an extension. This can only be done within 30 days of the expiry however.
An alternative approach would be to apply for a second mortgage with a different lender - that may actually offer better terms than one Barclays were offering anyway.
I don't have a strong view either way but was wondering if in principal having two offers is problematic? I'm guessing it may negatively impact my credit score in the short term?
Thanks
We have a mortgage offer from Barclay's that expires before our expected completion date. Apparently as our new completion date approaches, I can apply to Barclays for an extension. This can only be done within 30 days of the expiry however.
An alternative approach would be to apply for a second mortgage with a different lender - that may actually offer better terms than one Barclays were offering anyway.
I don't have a strong view either way but was wondering if in principal having two offers is problematic? I'm guessing it may negatively impact my credit score in the short term?
Thanks
1
Comments
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It could be viewed as potentially fraudulent. To protect themselves both lenders could withdraw their offers with no questions asked. The sums involved are too large.0
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Well - that would definitely be bad :-)
Thanks for the advice!0
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