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Lenders pulling offers?
Comments
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Yeskingstreet said:Neither we, nor any other mortgage broker we know, has reported an offer being withdrawn.
Is that paywalled article about the London off-plan newbuild flat buyer and the EA who has been asked to comment?
Some quotes (no idea why I have access to the article from my phone
He said: “In my 25 years, I have never seen a lender pull a mortgage offer but we have heard of at least 10 cases. To go back on a firm mortgage offer is pretty awful and very stressful for everyone involved.”------------------In one instance a buyer purchasing a property worth just under £3 million in London had secured a mortgage offer at 2.2pc with a 35pc deposit. Mr von Grundherr said: “The property was off-plan and he had already exchanged and paid the deposit, then just under two weeks ago the lender, who is a major high street name, pulled the offer and hiked the rate to 4.8pc.0
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