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Mortgage approved ?

Hi
I have applied for a mortgage with nationwide . I have just seen that they have taken the mortgage fee of £895 . Does this mean out mortgage has been approved?

Many thanks

Comments

  • ACG
    ACG Posts: 24,736 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Read through your KFI - there will be a fee section (section 8).
    Is it chargeable on application or 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.
  • Thank you just checked and its payable on application :(((((
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Usually better to add the fees to the loan. That way there is no risk of losing any money if the application didn't go ahead.
    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.
  • Wish our broker had of advised us on that!!
    Application is now with the underwriters so fingers crossed . Do you know how long it generally takes once it goes to the underwriters ?
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