Mortgage reassurance please...!??!

Jessykins02

This is the first time Ive gone through the house buying process, and despite some reassurance from relatives and friends who have done it themselves, I am still a little dubious.

My mortgage broker is progressing with the application, and I have paid the mortgage arrangement fee as well as having a letter from my lender saying they've instructed a valuation on the property. Can I go forth with festive cheer that I have a relatively safe mortgage application? I understand that there is always the potential for a last minute glitch, but this aside, am I ok??!!:rudolf::rudolf::rudolf::snow_laug:xmastree::xmassign:

Please?

Many thanks

jcgalliard

Jessykins02 wrote: »

This is the first time Ive gone through the house buying process, and despite some reassurance from relatives and friends who have done it themselves, I am still a little dubious.

My mortgage broker is progressing with the application, and I have paid the mortgage arrangement fee as well as having a letter from my lender saying they've instructed a valuation on the property. Can I go forth with festive cheer that I have a relatively safe mortgage application? I understand that there is always the potential for a last minute glitch, but this aside, am I ok??!!:rudolf::rudolf::rudolf::snow_laug:xmastree::xmassign:

Please?

Many thanks

Who is the lender?

Jessykins02

Coventry BS

jcgalliard

Jessykins02 wrote: »

Coventry BS

Hmmm...notorious for requesting your life history then turning you down for something really petty.

Unless you have an immaculate credit status you will the Coventry BS are a little too picky on who they lend too.

melj16

Because of all the horror stories I hear of things falling through, I would say dont celebrate too much until you have keys in hand.

Chances are, everything will be fine, but I wouldnt want to tempt fate.

I didnt relax until I had the keys! then I knew I was able to celebrate!

Best of luck, and have a wonderful christmas

ACG

Why have you gone with Coventry?
I dont mean that in a negative way but they are not one of the cheapest or most reliable of lenders. I can only assume you have something quirky to overcome?

My understanding is that they underwrite it and then instruct the valuation - if that is correct then i would be fairly confident it will be going through, no guarantees but i would crack on and enjoy xmas. If they have instructed the valuation whilst they underwrite then i would probably not be assuming its a done deal.

To be honest, whether it goes through or not its out of your hands - just put it to the back of your mind and enjoy Christmas. There is no point worrying about something you have no control over.