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

First time buyer - Help Please

Vok_2
Vok_2 Posts: 84 Forumite
in Mortgages & endowments
Hi all,

I am a first time buyer and would like some advice please.

So I approached a Mortgage Adviser because I was worried about my default 4 years ago. However he was able to get me an AIP with Virgin Money 04/03/15

My offer on a property got accept on Tuesday 11/03/15. I instructed a solicitor 12/03/15. Got a call today (13/03/15) to pay for the searches. Seeing my Mortgage Advisor to fill out the Mortgage application.

Please could you give me the different stages and time-scales you had to you thru?

I feel like I might kill over from all the stress and waiting. Lol

Thanks a lot

Comments

  • ACG
    ACG Posts: 24,851 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Dont have the searches done until you have a full mortgage offer!
    If the application is declined you could lose money on searches.

    I would say:
    DIP
    Application should be looked at and offered within 2 weeks with virgin money (assuming they have all docs).
    At that point I would then have the solicitor start the searches etc.
    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.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.5K Banking & Borrowing
  • 254.1K Reduce Debt & Boost Income
  • 455K Spending & Discounts
  • 246.6K Work, Benefits & Business
  • 602.9K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture