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Initial Document Disclosure - Key Facts

MaxRuby_2
MaxRuby_2 Posts: 10 Forumite
in Mortgages & endowments
Hello

This is my first post so I hope it is in the right place.

I wonder if anyone can answer my question regarding Initial Disclosure Documents that contain the key facts re mortgages.

Does a lender/company have to send out a copy of these facts when you make an initial application for a mortgage or only when your application has been accepted?

Many Thanks in advance for any help.

MR
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Comments

  • koexelek
    koexelek Posts: 7,847 Forumite
    Should be at initial application, otherwise you don't know the terms and conditions of what you are applying for
    I am a Mortgage adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, 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.
  • MaxRuby_2
    MaxRuby_2 Posts: 10 Forumite
    Thank you for your reply.

    Can I assume then an mortgage application can still be declined at this stage? And they have to send out these forms by law?
    407.gif
  • Wickedkitten
    Wickedkitten Posts: 1,868 Forumite
    Part of the Furniture Combo Breaker
    MaxRuby wrote: »
    Thank you for your reply.

    Can I assume then an mortgage application can still be declined at this stage? And they have to send out these forms by law?

    Yup, it can still be declined.
    It's not easy having a good time. Even smiling makes my face ache.
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