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Have we got our Mortgage?

Tripster7
Tripster7 Posts: 2 Newbie
in Mortgages & endowments
Hi, we are borrowing from Lloyds Bank for our mortgage. We passed the credit check (via the underwriter, as I had a Notice of Correction they wanted to look at). We also passed the financial check. This is now pending a valuation (which shouldn't be an issue).

Does this mean (pending the valuation being positive) that we have finally cracked it? I'm so used to a 'No' that this just seems to good to me true!

Any constructive/knowledgeable comments appreciated, Thanks.

Comments

  • amnblog
    amnblog Posts: 12,782 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    No it doesn't. You've 'cracked it' when you see the formal mortgage offer.
    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.
  • Tripster7
    Tripster7 Posts: 2 Newbie
    Hi - so at what point do you get the formal offer in writing?

    We have another meeting in a week to organise the valuation viewing, and to give the lender our solicitor/conveyance details.

    Sounds pretty tied up to me?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Tripster7 wrote: »
    Hi - so at what point do you get the formal offer in writing?

    When the full process has been completed.
  • TakeItAsRed
    TakeItAsRed Posts: 69 Forumite
    I wish i had your confidence when i was apply Tipster!
  • Goldiegirl
    Goldiegirl Posts: 8,818 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Rampant Recycler
    Tripster7 wrote: »
    Hi - so at what point do you get the formal offer in writing?

    We have another meeting in a week to organise the valuation viewing, and to give the lender our solicitor/conveyance details.

    Sounds pretty tied up to me?


    When you hold the letter from the lender in your hand




    Not tied up yet- don't count your chickens just yet!
    Early retired - 18th December 2014
    If your dreams don't scare you, they're not big enough
  • csgohan4
    csgohan4 Posts: 10,600 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    Don't get ahead of yourself. You will get the offer when you get it in your hand.
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
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