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  • FIRST POST
    • Jay2804
    • By Jay2804 6th Dec 18, 5:43 PM
    • 10Posts
    • 1Thanks
    Jay2804
    Nationwide ReMortgage
    • #1
    • 6th Dec 18, 5:43 PM
    Nationwide ReMortgage 6th Dec 18 at 5:43 PM
    Im in the process of remortgaging with Nationwide, my current house has no mortgage

    The only reason im remortgaging is to buy another property, my question is, if the property i want to buy sells for more than i can pay can i change my mind about the remortgage? As i wouldn't want to remortgage if i cannot buy this certain property

    Any help?
Page 1
    • Nebulous2
    • By Nebulous2 6th Dec 18, 6:18 PM
    • 2,129 Posts
    • 1,321 Thanks
    Nebulous2
    • #2
    • 6th Dec 18, 6:18 PM
    • #2
    • 6th Dec 18, 6:18 PM
    How are you buying? Surely you can work out if you will get it for the price you can afford before getting the mortgage?
    • Thrugelmir
    • By Thrugelmir 6th Dec 18, 8:25 PM
    • 61,363 Posts
    • 54,612 Thanks
    Thrugelmir
    • #3
    • 6th Dec 18, 8:25 PM
    • #3
    • 6th Dec 18, 8:25 PM
    Will the Nationwide release funds for the purpose you intend?
    Financial disasters happen when the last person who can remember what went wrong last time has left the building.
    • Jay2804
    • By Jay2804 6th Dec 18, 11:40 PM
    • 10 Posts
    • 1 Thanks
    Jay2804
    • #4
    • 6th Dec 18, 11:40 PM
    • #4
    • 6th Dec 18, 11:40 PM
    The property will be offers over so i will have my max i can offer by remortgaging if it goes over that obviosly i dont want to be left with money and a mortgage
    • Nebulous2
    • By Nebulous2 7th Dec 18, 4:18 AM
    • 2,129 Posts
    • 1,321 Thanks
    Nebulous2
    • #5
    • 7th Dec 18, 4:18 AM
    • #5
    • 7th Dec 18, 4:18 AM
    The property will be offers over so i will have my max i can offer by remortgaging if it goes over that obviosly i dont want to be left with money and a mortgage
    Originally posted by Jay2804
    Well if your offer is accepted, then surely you draw down the mortgage after that when you need it?

    I did something similar, applied for a mortgage, had an offer accepted and my solicitor drew down the funds 3 days before the entry date. If I hadn't been successful my solicitor wouldn't have asked for the money and my mortgage offer would have lapsed.
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