Mortgage offer concerns

www.moneysavingexpert.com/mortgages/

I do recommend the Mortgages board on MSE, they have professional advisers on there.

Thanks for your replies it gives some relief. We're just very nervous that we could get turned down. The new property is 12k more than the original property but we're funding that. We'll keep our fingers crossed it works out.

We ported a mortgage from a let we're selling to a new bigger let.No problem with it at all.Spoke to our broker once and heard back when it was completed less than a month later .Thats how it usually works ,might be an issue with your lender

Ah it is possible now you have a lower loan to value on your new property you may be offered a better rate product.

Thanks Rosie1959 the new property is more money than the first one but we decided to keep the mortgage offer value the same to keep it simple. We're paying the extra out of our savings which still leaves us comfortable.

Have just asked my husband your question he said it is unusual to treat it as a new application if absolutely nothing has changed.
He is a working independent Mortgage broker and has been for the last 35 years so quite experienced he did say certain lenders can be a bit of a pain but this seems unusual

With inflation, cost of living and interest rates all rising lenders are being extra cautious, we are in very uncertain times. It affects all borrowers differently I’m not surprised they are being careful.