Turned down for mortgage after vendor agrees to reduce price

Doozergirl

rainingagain_2 said:

Thank you GrumpyDil and Doozergirl  - no additional finance taken and yes, hopefully mortgage rates are coming down, but unfortunately too late for my house purchase in which I have already invested large sums of money on the usual solicitor's fees, building survey etc. I need to wrap my head around why they have reneged (renaged?) on this. 

The whole mortgage application system seems full of inconsistencies in my experience and I really feel there should be greater consistency, more transparency and better guidance for first time buyers like myself.

I have absolutely no appetite or money available for putting myself through this again in the foreseeable future.

You don't need to pay for another full survey or more solicitor's fees if you just carry on with another lender.   Have you decided not to buy a house at all now? 

No point wrapping your head around why, just pick yourself up and reapply.  

It's stressful, yes, I've been there before as well but got a much better deal with another lender, so it worked out for the best.