I would be grateful if somebody could advice.
I am First Time Buyer. My house valuation is satisfactory and mortgage application has been accepted (all witin 2 weeks). I have instructed for Building Survey for next week Monday. My situation is as follows:
Mortgage In Principle accepted for £178000
Find a house and offoer accepted £191000
Mortgage application applied and accepted for £152800 (20% deposit)
Now, I am just wondering if the Building survey report is unsatisfactory then, I may need to pull out the offer. In this case, can I find another house (which might me more expensive say i.e. £210k and applied for remaining mortgage amount. How it works?? please advice
I am First Time Buyer. My house valuation is satisfactory and mortgage application has been accepted (all witin 2 weeks). I have instructed for Building Survey for next week Monday. My situation is as follows:
Mortgage In Principle accepted for £178000
Find a house and offoer accepted £191000
Mortgage application applied and accepted for £152800 (20% deposit)
Now, I am just wondering if the Building survey report is unsatisfactory then, I may need to pull out the offer. In this case, can I find another house (which might me more expensive say i.e. £210k and applied for remaining mortgage amount. How it works?? please advice