Mortage, When to apply

icedgemz

we are currently in the process of buying a new house, ours is also under offer, we only have the mortgage in principle which the solicitors have a copy of but we are not sure when we would need to apply for the full mortage as ive been told the mortgage lenders would need to do a property valuation aswell?

Thanks

kingstreet

Apply for your mortgage when the chain is complete and your buyer has made some progress on your sale - perhaps when the valuation has been done on your property.

icedgemz

Thanks. We have had the property evaluation already on our house so maybe it's time to do the full mortgage application asap then.

kingstreet

Has your vendor found somewhere else?

Has his?

I would not spend money until you know others are putting their hands in their pockets to progress their purchases.

Ask your EA if the chain is fully formed and progressing.