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What does a mortgage offer actually look like?
wessexw
Posts: 224 Forumite
Might be a silly question, but I just received my mortgage offer and it seems to basically be exactly the same as the Key facts document which I received when I first applied for the mortgage but just with the added line 'we are pleased to offer you' at the top and a signature bit at the bottom. Not sure what I was expecting really but maybe a bit more than a recycled Key facts doc? Is this normal, is this what an average mortgage offer looks like?
Asking as my lender have been ridiculously incompetent up to this point and I don't trust them in the slightest.
Asking as my lender have been ridiculously incompetent up to this point and I don't trust them in the slightest.
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Comments
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If you're not happy with them at this stage why not look elsewhere?
Sounds like they've made you an offer though.0 -
I'd ask the solicitor, who has probably seen similar offers before.0
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I'd ask the solicitor, who has probably seen similar offers before.
And he should have had his copy at more or less the same time as you. If he didn't then quite possibly it isn't the "real" offer.
It should be several pages setting out things like how much the monthly payments will go up if interest rates rise by 1% and what costs you have to pay in relation to the mortgage and whether there are any penalties for paying off the mortgage early etc etc.RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0 -
Our mortgage acceptance doc looks pretty much the same as the doc we first received as well.0
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Our mortgage acceptance doc looks pretty much the same as the doc we first received as well.
Likewise with mine. In fact, if there had been significant differences I'd have been worried as it would suggest a different product from that which I applied for.
Sounds absolutely OK to me but if you're worried then ask your solicitor.0
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