Mortgage Application

Posted on 5 March 2011 by matthew trice


I am wondering if you can help. I initiated a mortgage application over 5 months ago and have since moved in with my parents at a different address to save money.  Will my mortgage application be affected because of this?

Matthew,

You need to advise your mortgage lender.  It is far better that you tell them and explain why, than they find out for themselves.  In this instance your application is very likely to be declined.

It is possible your change of address will affect the application, but you need to be honest with the Lender.

Peter

Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.