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Final date to confirm deposit?!
soapstar88
Posts: 73 Forumite
Hi,
Sorry im in a bit of a rush with this one! Say we have a DIP ready and our offer gets accepted. At what point do we have to say for certain our total deposit avaible? can this be changed say after the valuation and other legal work is done? Or does this have to be sorted before the application is made.
I ask because we may be able to add a little extra to push it over the 85% very soon.
Thanks!
Sorry im in a bit of a rush with this one! Say we have a DIP ready and our offer gets accepted. At what point do we have to say for certain our total deposit avaible? can this be changed say after the valuation and other legal work is done? Or does this have to be sorted before the application is made.
I ask because we may be able to add a little extra to push it over the 85% very soon.
Thanks!
0
Comments
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You're going to apply for a mortgage on a product for loans from 85% to 90% of the purchase price of the property.
If you increase the deposit, you are then going to qualify for products from the 80% to 85% range.
Try and get it all out of the way before you apply.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
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