What happens if you stop mortgage app?

[Yolo2018]

We have decided to pull out of our purchase, that's a different thread, and move in to rented. Thus meaning will will not be accepting our mortgage offer.

How will this affect us? The bank were very clear about not applying until we found somewhere as it would affect our credit rating but what will actually be the impact?

(Mortgage offer is in post, we haven't accepted it yet.)

Nothing. It will just have hit your credit score for 3 months but you'll have no comeback. If you had exchanged contracts then you would be legally liable to proceed but it doesn't sound like thats the case.

Oh okay, thanks.