HSBC OFFER EXPIRY

soraya89

Can someone give me advice please 🙏 .. My offer is due to expire on the 20th January this week ! and i’ve been messed about by the buyer of my property ! they are still waiting on offer, they where original a cash buyer then changed to mortgage and didn’t tell me ! … I’ve been told if i make a small amendment to the original offer ie decrease the loan amount then that would refresh the offer giving me another 180days ? is that correct ? 

BoGoF

The simple answer is ask them.

Plenty people have offers extended without having to adjust the application. That said I would have thought there would be better deals than you signed up 6 months ago?

soraya89

I have asked them and they don’t do extensions  

kingstreet

soraya89 said:

Can someone give me advice please 🙏 .. My offer is due to expire on the 20th January this week ! and i’ve been messed about by the buyer of my property ! they are still waiting on offer, they where original a cash buyer then changed to mortgage and didn’t tell me ! … I’ve been told if i make a small amendment to the original offer ie decrease the loan amount then that would refresh the offer giving me another 180days ? is that correct ? 

Yep. It worked about three weeks ago when we needed to do it.

soraya89

i’ve been told it’s too late to make amendments 😩 .. i’m devastated, Can i make a formal complain about the mortgage advisor as he lied to me about the buyer being a cash off it changed to mortgage and i wasn’t made aware of it then just before xmas he told me he had his offer and lied about that to as this is what we are waiting on, it’s very slim i will complete now by friday and i’ll loose my offer 

penners324

Put your place back on the market 

penners324

soraya89 said:

i’ve been told it’s too late to make amendments 😩 .. i’m devastated, Can i make a formal complain about the mortgage advisor as he lied to me about the buyer being a cash off it changed to mortgage and i wasn’t made aware of it then just before xmas he told me he had his offer and lied about that to as this is what we are waiting on, it’s very slim i will complete now by friday and i’ll loose my offer 

You mean the estate agent?

soraya89

yes i can put it back on the market but i’m still going to loose my mortgage offer … and it was the buyer of my property that has fed me a pack of lies and has lied about firstly him being a cash buyer then lied about having the offer .. now he has cost me mine 

kingstreet

BoGoF said:

The simple answer is ask them.

Plenty people have offers extended without having to adjust the application. That said I would have thought there would be better deals than you signed up 6 months ago?

This. Current rates must surely be lower than they were in July?

400ixl

Mortgage rates have dropped in the last month, is there a reason you are so attached to the offer you currently have? Or is the concern there are circumstances you won't get a decent offer now?

Given the other party hasn't had their offer yet, as you say it is unlikely you will be exchanging contracts this week, so maybe an opportunity to get yourself a better deal.

What is your current deal?

soraya89

yes circumstances have changed my partner was made redundant after we received offer, he is now self employed and has only been for 7 months, hence me not wanting to go through a new application 😞