Page 2 | Mortgage offer worry

Bedsheets4knickers · 2022-09-27T15:57:56+00:00

I'm currently worried sick that Nation wide is going to pull their offer . We are FTB and nowhere near completion yet . I don't think il sleep well tonight .

boxybox · 28/09/2022 07:03

yes over time you'll be fine

Original poster

Bedsheets4knickers · 28/09/2022 13:48

Our searches have come back today so at least that's something.

OP posts:

Aubriella · 28/09/2022 15:15

What rate have you got, OP? I'm remortgaging and have been offered 3.9% for 5 years.

Original poster

Bedsheets4knickers · 28/09/2022 15:57

Aubriella · 28/09/2022 15:15

What rate have you got, OP? I'm remortgaging and have been offered 3.9% for 5 years.

3.6 3 years

OP posts:

Aubriella · 28/09/2022 15:58

Thanks OP. Seems to be going up steadily.

SeeClearNow · 28/09/2022 17:07

Sounds like things are moving in the right direction OP!

Original poster

Bedsheets4knickers · 28/09/2022 17:30

SeeClearNow · 28/09/2022 17:07

Sounds like things are moving in the right direction OP!

Thank you , we had renovation plans but I think We'l put them to one side and just over pay the mortgage for the time being .

OP posts:

Paddingtonthebear · 28/09/2022 20:51

We are in a situation where we had a full mortgage offer issued recently (after decision on principle and valuation) but the address was wrong on the offer paperwork so it had to be resubmitted. Obviously a lot has happened this week since then and we are worried the offer will be pulled altogether now. We are hanging on to a decent rate. Also worried that if this purchase falls through we won’t be allowed to transfer the rate to a different property

SeeClearNow · 28/09/2022 20:56

Paddingtonthebear · 28/09/2022 20:51

We are in a situation where we had a full mortgage offer issued recently (after decision on principle and valuation) but the address was wrong on the offer paperwork so it had to be resubmitted. Obviously a lot has happened this week since then and we are worried the offer will be pulled altogether now. We are hanging on to a decent rate. Also worried that if this purchase falls through we won’t be allowed to transfer the rate to a different property

Was the error made by the lender? If so, they'd more than likely honour the original rate.

Starseeking · 28/09/2022 21:18

I have been absolutely worried sick all week that my mortgage offer would be pulled before I get to complete on my purchase.

I've had my formal offer for about 5 months now, it's a 5yr fix at 1.99%, which was fine until last week, then all this talk of mortgage companies pulling everything started.

It didn't help that my solicitor went awol for 2 days, and I didn't know what was happening. Solicitor resurfaced today to confirm mortgage drawdown has been made, and that I will exchange tomorrow and complete on Friday so my lender (Santander), looks to be honouring firm offers already made, even if it puts them in the red.

SeeClearNow · 28/09/2022 21:29

Starseeking · 28/09/2022 21:18

I have been absolutely worried sick all week that my mortgage offer would be pulled before I get to complete on my purchase.

I've had my formal offer for about 5 months now, it's a 5yr fix at 1.99%, which was fine until last week, then all this talk of mortgage companies pulling everything started.

It didn't help that my solicitor went awol for 2 days, and I didn't know what was happening. Solicitor resurfaced today to confirm mortgage drawdown has been made, and that I will exchange tomorrow and complete on Friday so my lender (Santander), looks to be honouring firm offers already made, even if it puts them in the red.

Such a relief! Especially as most mortgage offers expire after 6 months. So glad you got your original amazing rate. You're right, as long as you have received your formal offer you're generally ok

Paddingtonthebear · 29/09/2022 08:45

SeeClearNow · 28/09/2022 20:56

Was the error made by the lender? If so, they'd more than likely honour the original rate.

Show quote history

Not sure whose error but I suspect the mortgage broker who is now barely responding to messages

SeeClearNow · 29/09/2022 10:17

@Paddingtonthebear was the valuation done on the correct property? Some lenders will let you transfer the offer to a different property but unfortunately many would class this as a material change and insist on a brand new application. Fingers crossed for you.

Paddingtonthebear · 29/09/2022 10:23

No idea to be honest!

Original poster

Bedsheets4knickers · 29/09/2022 17:58

Starseeking · 28/09/2022 21:18

I have been absolutely worried sick all week that my mortgage offer would be pulled before I get to complete on my purchase.

I've had my formal offer for about 5 months now, it's a 5yr fix at 1.99%, which was fine until last week, then all this talk of mortgage companies pulling everything started.

It didn't help that my solicitor went awol for 2 days, and I didn't know what was happening. Solicitor resurfaced today to confirm mortgage drawdown has been made, and that I will exchange tomorrow and complete on Friday so my lender (Santander), looks to be honouring firm offers already made, even if it puts them in the red.

That's great news happy moving . Bloody stressful in the best of times but right now it's beyond awful .

OP posts: