G
gavo
Guest
Anyone heard anything about this- apparently they have cancelled all exisiting loan offers as they are "reviewing" their procedures - this means anyone due to drawdown a mortgage currently are in trouble.
Shocker another bank withdraws from offering loans. Only the beginning...
Sorry to hear you lost your loan offer but maybe this gives you a chance to save for a deposit and go for 80% loan.
I understand, in the long run the lower your mortgage the better you are able to weather the coming storm.
we will take the 90%, its not as daunting as 80%
Did they not give customers/brokers any notice that they were going to do this?
Is it just Bank of Scotland that have cancelled the mortgage offers or are other banks doing the same?? I got an offer on my house 2 weeks back from a couple that was mortgage approved and I am in the process of getting deeds from my bank so that contracts can be signed and house sale completed.. Dont know what bank the couple who are buying my house are with though.. I will be gutted if they are with BOS and the sale falls through.
why are you in trouble? You simply don't buy until you can afford it.
why are you in trouble? You simply don't buy until you can afford it.