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  • FIRST POST
    • h240
    • By h240 10th Oct 17, 11:35 PM
    • 18Posts
    • 2Thanks
    h240
    Mortgage offer question
    • #1
    • 10th Oct 17, 11:35 PM
    Mortgage offer question 10th Oct 17 at 11:35 PM
    Finally got our mortgage offer today with Barclays after 6 weeks since application went in. A bit confused as first time buyers reading through the offer it says to clear all debts within 30 days of completion, we have no debts as paid credit cards off. Does this mean we would have to wait for a while before getting things like the flooring, new furniture etc? As planned to get some on finance. It’s for a newbuild so just wondered exacrly what it means? Thanks
Page 1
    • Debtslayer
    • By Debtslayer 11th Oct 17, 6:19 AM
    • 394 Posts
    • 550 Thanks
    Debtslayer
    • #2
    • 11th Oct 17, 6:19 AM
    • #2
    • 11th Oct 17, 6:19 AM
    It may be a standard clause in their mortgage offers?
    However it's never a good idea to take out any new finance until after you've definitely got mortgage and house has gone through, it's not worth the risk of them pulling the mortgage offer!
    Current Mortgage 01.10.17 £113,513.88
    MFW Start Mortgage: £114,794.64
    Current MED: 2036 Target MED: 2026
    Overpayment Target for remainder of 2017: £2,000
    Mortgage overpayment savings: £473.20
    MFW No 124
    • amnblog
    • By amnblog 11th Oct 17, 8:11 AM
    • 9,867 Posts
    • 3,822 Thanks
    amnblog
    • #3
    • 11th Oct 17, 8:11 AM
    • #3
    • 11th Oct 17, 8:11 AM
    Standard clause. You can buy for your home once complete.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • h240
    • By h240 11th Oct 17, 9:42 AM
    • 18 Posts
    • 2 Thanks
    h240
    • #4
    • 11th Oct 17, 9:42 AM
    • #4
    • 11th Oct 17, 9:42 AM
    Thanks for the answers, good to know. Best to not risk it and just get everything once we have the keys!
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