Worried Mortgage falls through last min

RockJ

Hi

After a hard fought battle i finally secured a mortgage with a lender. They have sent out an offer of a loan and ive recieved this and so has my solicitor. I did have to get a letter from a previous lender to state my mortgage was paid on time and forward this to them etc as due to come confusion my credit report shows a missed payment on my previous mortgage. But the letter from my previous lender states this wasnt the case and my credit file will be updated asap.

Does the mortgage lender do any final checks when issuing the mortage payment to my solicitor? i.e would they run a credit search day before completion and if my file still hadnt been update about the missed payment do you think they would withdraw the offer of loan like day before completion? Im putting down 20% deposit and my solicitor will have this, just worried they pull out and im left with a big legal bill and no house.

Maybe im just worrying too much?

Thanks

Alan.

RockJ

quick question

does the underwriter who granted the loan do a final check on the day and send out the money or is it passed to another dept to release the funds?

thanks

KieranB

The credit check is does at the Decision in Principle or the Underwriting stage I believe..

There should not be one after the offer stage unless its blatent that the situation has changed.

RockJ

I got the offer last week and im due to complete mid sept, approx 5 weeks time.