Advice on pulling out of a mortgage last minute

[Dropanuke]

What are the implications or negatives and is it straight forward?
Crunch time

[VictorCharlie]

Other than losing any good faith amount you put forward nothing else should happen

[Saddo]

nothing should happen apart from pissing off whoever's house you where going to buy.

happens all the time but its a pisser and can be expensive if your the one its happening to.

so my advice would be to give whoever its gonna effect as much notice as possible because karma can be a bitch

[0james0]

Need more info really mate.

How far into things are you? Are you buying a house?

As long as you haven't exchanged contracts on the house, you are free to do what you want.

You would lose any money paid for surveys and things though.

I'm a financial adviser, so mortgages are my bread and butter. Ask me anything you need.

[Master]

Need more info really mate.

How far into things are you? Are you buying a house?

As long as you haven't exchanged contracts on the house, you are free to do what you want.

You would lose any money paid for surveys and things though.

I'm a financial adviser, so mortgages are my bread and butter. Ask me anything you need.

He is trying to sell you something.

[Dropanuke]

Got a principle in agreement
Survey is done and dusted
Stamp not paid yet
Woolwhich is who we are with and they say we arnt out of the woods yet as I'm self employed and work for my dad.
Me and the girlfriend arnt getting along at mo.
They might be getting back to us in the next 2 weeks as to whether we got it or not and I don't really want it to be honest

[0james0]

Yeah you can pull out, but you would lose the survey money and also the money you've paid to your solicitor for the disbursements.

Woolwich shouldn't take two weeks to get back to you, should be two days tops! They are working quite quick at the minute, one of the faster lenders.

If you aren't getting on with mrs and are probably going to break up, it's probably best not to buy a house. Potentially you'll move in, then break up and in the commotion mortgage might not get paid. Your then screwed for years if you ever want another mortgage.

[0james0]

Need more info really mate.

How far into things are you? Are you buying a house?

As long as you haven't exchanged contracts on the house, you are free to do what you want.

You would lose any money paid for surveys and things though.

I'm a financial adviser, so mortgages are my bread and butter. Ask me anything you need.

He is trying to sell you something.

Nope, not this time. For once I'm just being helpful!

[Dropanuke]

What are the chances of the house falling through??
Santander pulled out on us before we went with woolwich.

[Master]

What are the chances of the house falling through??
Santander pulled out on us before we went with woolwich.

You sound a right cunt.

[0james0]

What are the chances of the house falling through??
Santander pulled out on us before we went with woolwich.

Depends what your issues are! Sounds like you are only borderline being accepted, if Santander didn't fancy it because they had an affordability issue, Woolwich are even more tight fisted!

Why didn't Santander do it?

Tell your broker to try Halifax. They are really quick and easy to get a mortgage with at the minute. Rates are average, but it will save all the fucking about. But if you don't want to buy the house anyway, then you might not be bothered!

You sure it's not just cold feet of the impending commitment of living together that's putting a dampener on things?

[Dropanuke]

What are the chances of the house falling through??
Santander pulled out on us before we went with woolwich.

Depends what your issues are! Sounds like you are only borderline being accepted, if Santander didn't fancy it because they had an affordability issue, Woolwich are even more tight fisted!

Why didn't Santander do it?

Tell your broker to try Halifax. They are really quick and easy to get a mortgage with at the minute. Rates are average, but it will save all the fucking about. But if you don't want to buy the house anyway, then you might not be bothered!

You sure it's not just cold feet of the impending commitment of living together that's putting a dampener on things?

I think it is cold feet, guess also I'm not ready just yet and kinda feel pressured in a way!
Was all exiting at first then It became a full time job having to get all sorts of account info, statements then they pulled out so woolwich said ok we want 1 years worth of your dads business accounts with nothing blacked out.

[0james0]

How long have you been self employed for? That could be what's causing your problems.

[Saddo]

So is the problem you not being able to get a mortgage or having second thoughts about your partner and don't want one?

is the recent arguments not just caused by the stress of getting and being declined on a mortgage?

my advice would be pull the plug on it now mate if you don't want to move in with her.. don't just go thought the motions leaving it to the mortgage gods.

but if your just worried about them pulling out on you again don't be as there are plenty of other ways to get a one and plenty of houses that are "the one" and I'm sure 0james0 will be able to point you in the right direction.

[Dropanuke]

I've been self employed since 2000.
I just don't feel interested at all in the house now, I find myself avoiding the conversations about it and its kinda depressing.

So your saying I shouldn't just wait around hoping to get rejected lol?