Technically the bank could, if they wanted to, pull the plug on your finance. I've heard of it occurring twice and in one instance the mortgage application involved fraud by misrepresentation and in the other it was a new build flat in Bradford with a long stop completion date. The purchasers exchanged on the flat, the market then took a turn for the worse and the bank used their right to go back in a revalue before completion . on that one they didn't complete and lost their deposit but if I recall the developer didn't bother to sue them for the rest.
Technically the bank could, if they wanted to, pull the plug on your finance. I've heard of it occurring twice and in one instance the mortgage application involved fraud by misrepresentation and in the other it was a new build flat in Bradford with a long stop completion date. The purchasers exchanged on the flat, the market then took a turn for the worse and the bank used their right to go back in a revalue before completion . on that one they didn't complete and lost their deposit but if I recall the developer didn't bother to sue them for the rest.