How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Ash Your Own Question
Ash, Solicitor
Category: Law
Satisfied Customers: 10916
Experience:  Solicitor with 5+ years experience
Type Your Law Question Here...
Ash is online now

There. I applied mortgage with my bank, lloyds. They

Customer Question

Hi there. I applied for a mortgage with my bank, lloyds. They told me that my application would be accepted, with a decision in principle, and to go and make an offer on the house. I did, they accepted, my solicitor did all the searches everything was just about ready to complete, and the bank ring me and say sorry your application has now been cancelled. Your credit score us not high enough!
I've lost a lot of money, and promised a mortgage by my bank. The people we were buying off have emptied their house and we're moving to France! Can my bank legally do this?
Submitted: 2 years ago.
Category: Law
Expert:  Ash replied 2 years ago.
Hello my name is ***** ***** I will help you.
Did they say or do their terms say a decision in principle is not binding?
Customer: replied 2 years ago.
just checked paper work, and yes they can reject my application at any time. Sorry. And thanks
Expert:  Ash replied 2 years ago.
Ah I am sorry they can.
You can always try the financial ombudsman to Make a complaint. They can investigate the matter for you for free at
Can I clarify anything for you about this today please?
Expert:  Ash replied 2 years ago.
If this answers your question could I invite you rate my answer before you leave today.
If the system won’t let you please click reply.
Please bookmark my profile if you wish for future help: