We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Mortgage Process
ELToro
Posts: 48 Forumite
Hi,
I have had a decision accepted in principle with Nationwide, I am currently a customer of theres and am currently in the process of buying a new build.
I have completed the application online myself, and sent off documents wage slips etc to them already which have been received.
My question really is online it states my application is not complete, now I have gone through the process and completed the mortage I want, however when I check the key facts it states the mortgage will start in July, if I process to the next stage. The house we are buying (a new build) wont be ready until November so I choose not to accept and process. Is this the right thing to do or do I need to speak to them?
I have had a decision accepted in principle with Nationwide, I am currently a customer of theres and am currently in the process of buying a new build.
I have completed the application online myself, and sent off documents wage slips etc to them already which have been received.
My question really is online it states my application is not complete, now I have gone through the process and completed the mortage I want, however when I check the key facts it states the mortgage will start in July, if I process to the next stage. The house we are buying (a new build) wont be ready until November so I choose not to accept and process. Is this the right thing to do or do I need to speak to them?
0
Comments
-
A KFI shows an example/assumed completion date only.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
-
kingstreet wrote: »A KFI shows an example/assumed completion date only.
Thanks, I have submitted my application now paid for fees and stuff. So fingers crossed now......0 -
Also, the mortgage offer you receive will be valid for a few months
our offer which we got last week is valid until November so fingers crossed yours should remain valid until your house is ready 0 -
We enquired about that and they said 6 months is the valid timeframe currently which should be safe for us.0
-
Mine was accepted on Monday and valid till the 29th November0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards