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Can we change mortgage details after acceptance?

Last post Tue, Jun 30 2009, 5:37 PM by Ajayne. 1 replies.
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  •  Tue, Jun 30 2009, 5:37 PM

    Re: Can we change mortgage details after acceptance?

    you wish to increase your borrowing term by 5 years? and your fixed term upped by 3 years. It may be worth asking the lender "just as a general enquiry" and seeing what the difference in terms of costs average out to. It is dependant on the lender whether they would process a new application or just alter your existing one.
    Its always worth a general enquiry to the lender

    • Post Points: 5
  •  Tue, Jun 30 2009, 8:24 AM

    Can we change mortgage details after acceptance?

    Folks,

    We've had our mortgage accepted and are well underway with buying the property we want. Currently our application details are Halifax 2 years fixed @ 6.2 over 25 yrs, we would however like to change those details to 5 yrs fixed and 30 years. Would changing these details now affect our eligibility for the application and would another credit score need to be done?

    Thanks in advance

    • Post Points: 20