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Mortgage Completion Date Specified on AIP
rufus86
Posts: 61 Forumite
I've just had an offer accepted on a property.
I had a mortgage in principle offered in March which says it is valid assuming completion takes place before August 31st 2013
Last week I spoke to my advisor who issued me the agreement
and she took my valuation payment. As its now July, it sounds like its cutting it fine to actually 'complete' before August 31st, but she never mentioned this last week so I'm hoping that the date, in reality, is flexible as long as the bank are satisfied with valuation and honour the mortgage in principle?
I had a mortgage in principle offered in March which says it is valid assuming completion takes place before August 31st 2013
Last week I spoke to my advisor who issued me the agreement
and she took my valuation payment. As its now July, it sounds like its cutting it fine to actually 'complete' before August 31st, but she never mentioned this last week so I'm hoping that the date, in reality, is flexible as long as the bank are satisfied with valuation and honour the mortgage in principle?
0
Comments
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An agreement in principle never actually guarantees the mortgage in any case, it can be quite safely assumed that getting an agreement in principle means you'll not have too many problems when you actually apply for the mortgage.
We got an AIP and it had completely ran out by the time we applied for the mortgage, everything was fine.0 -
An agreement in principle never actually guarantees the mortgage in any case, it can be quite safely assumed that getting an agreement in principle means you'll not have too many problems when you actually apply for the mortgage.
We got an AIP and it had completely ran out by the time we applied for the mortgage, everything was fine.
Thanks! Can I ask - did you have to resubmit payslips and everything when the agreement had run out??0
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