How likely will my HSBC Mortgage Offer be Withdrawn

anybodynat

Hi.  I had a confirmed offer in writing in June for a remortage.  5 Year fix at 2.7% which I am glad I locked in early.
I plan to complete early Dec, after my ECR expires.
Based on the valuation conducted then, the LTV was around 65%

However, since the offer I have had a couple of changes to my finances and I am a sole applicant and live by mself.

Since I rec'd the offer I took out a PCP on a Car which is £308 p/m

However, and which HSBC were aware of and asked questions about at the application time, I had a separate rental property with tenants on the way out.  They queried this and I was honest and said this other property is being sold, but still gave my current ongoings as they were at the time.
Since then this second morgage is Settled on my credit report, along with the associated utilities i.e. water, gas/electric.  Only my current mortgage shows.

This is what HSBC assessed me on, but since then things have changed, for the better I think.  Essentially when they checked my Credit Report I was a landlord with a mortgage on credit report.  That is no longer the case.  Yes I got a car loan but also a significant payrise.

So whilst I have took on the extra car finance, I was fortunate to get a 30% payrise at work.

How could these multiple changes to my credit report affect me?  I know we are not supposed to later anything post offer, but I had to.

Do I tell them now to reassess which in all liklehood will be in my favour, or do I just wait for the remortgage completion and say nothing?

Any questions please ask.

Edi81

You say remortgage - is your mortgage with another lender at the moment. 

It’s not recommended that you ever take out more credit if changing lender.
you should be ok but one to remember for the future. 

anybodynat

My mortgage is currently with Nationwide and I used a broker (Habito) back in June to suggest options.  I heard you can lock mortgage deals in for 6 months so I applied with their recommend.  This was before any of the drastic rate rises happened.

In essence I took on £308 p/m PCP car finance, but I can prove by payslips and company letter that my salary is now 30% higher than the stated application level.

Just worried if they will query it and use it an excuse to get rid of the good rate I had locked in.  Does that even happen?

sidneyvic

Yes it has been happening a lot recently...