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porting, renegotiating
Krispycing
Posts: 7 Forumite
Hi and thanks for reading.
I am porting over my existing mortgage with an additional extra mortgage for the £90k or so I need for my new place.
Since this was all agreed with the bank, a survey found some issues leading to a renegotiation, meaning £15k off the agreed price.
My question is what happens to the original amount? Will I still borrow the same but have less deposit to find? Or will they recalculate everything based on the new total price?
I am porting over my existing mortgage with an additional extra mortgage for the £90k or so I need for my new place.
Since this was all agreed with the bank, a survey found some issues leading to a renegotiation, meaning £15k off the agreed price.
My question is what happens to the original amount? Will I still borrow the same but have less deposit to find? Or will they recalculate everything based on the new total price?
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