My partner and I are first time buyers currently in the process of purchasing a chain free property. PPL's lack of efficiency and competency has caused us to lose our mortgage offer. Our original offer had an interest rate of 3.54%, a rate which is now impossible to get and the total amount payable would have been £404,468.58. However, we have now had to secure a new offer with an interest rate of 5.54% and the new total amount payable is £457,150.21. Of course we are aware that there will be an opportunity to remortgage but we are guaranteed to have to pay an extra £217.98 per month for the next 3 years which equates to an extra £7,847.28 over the course of that 3 year period. This is because our previous monthly payment would have been £730.44 and the new payment will now be £948.42.In the interests of transparency, the Land Registry is partially to blame as the issue that has caused us to lose our previous mortgage offer is a failure to register the leasehold title for the property we are purchasing. However, PPL have been aware of this issue since before Christmas and I was informed by our solicitor yesterday that they are yet to submit the application for the leasehold title to be registered. Our new offer is only valid until 3rd July and given how long it usually takes for the Land Registry to deal with enquiries, we are concerned that this will not be sorted prior to the expiry of our new mortgage offer. If this does happen, we will unfortunately be left with no choice but to pull out as we cannot afford to get 3rd mortgage offer for this property. Therefore, we are currently in a very worrying position all as a result of PPL.