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When should we apply?
T1NKERB3LL
Posts: 7 Forumite
Hi
Me & my partner have recently put down the reservation fee for a new build apartment.
They are going to be ready in June at the earliest.
When should we be arranging our mortgage?
Thanks
Me & my partner have recently put down the reservation fee for a new build apartment.
They are going to be ready in June at the earliest.
When should we be arranging our mortgage?
Thanks
0
Comments
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Speak to a broker, you may be able to now if you approach the correct lender.
I wouldn't put down any non-refundable reservation fee until you have a mortgage offer though...I am a mortgage adviser.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.0 -
We have had an offer and have been approved in principle..
We were just wondering if we could have time to get our credit rating up?0 -
Also do they 100% require bank statements?0
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Not every lender will require bank statements.
An Agreement in Principle is simply a basic credit score, there is no guarantee that you will obtain the mortgage just because you have this, so be wary of committing too much money prior to a full mortgage offer.I am a mortgage adviser.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.0
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