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Advice on mortgage process.
Worrywart
Posts: 20 Forumite
Hi all,
Confused with the mortgage process!
We had a decision in principle and continued down the process with a broker. The broker called today, to say we were declined initally due to adverse credit 4 years but had got it over turned with someone. He asked what account the repayments were coming from and we would get stuff emailed over and now have a case manager.
Does it mean we have got a mortgage? Sorry if sound dense!
Confused with the mortgage process!
We had a decision in principle and continued down the process with a broker. The broker called today, to say we were declined initally due to adverse credit 4 years but had got it over turned with someone. He asked what account the repayments were coming from and we would get stuff emailed over and now have a case manager.
Does it mean we have got a mortgage? Sorry if sound dense!
0
Comments
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It sounds like you have an agreement in principle.
Next steps would be to apply, send over documents, underwriting and valuation being carried out.
Once all of that is done, you will get your offer and that will be sent to you, your broker and the solicitor.
Legals will then be started and once complete you will exchange and then pick up your keys.I am a Mortgage AdviserYou 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 -
Thanks agc, all documents Inc bank statements, wage slips etc were sent over, along with reservation plot details after the dip for the application last night/today.
You're probably right. Over thinking things as normal'0 -
This is a question for your broker. If you are unsure, ask.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
Have asked and it's going to an under writer and should know in the 2-3 week time frame.0
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