Virgin mortgage help

goodison12 · 20 February 2016 at 8:08PM

So we have got a mortgage in principle and supplied payslips and bank statements. They have asked for proof of the deposit but this won't clear till Wednesday as it was a gift from parents. Will this delay the surveyor going out?

Thanks

ACG · 20 February 2016 at 8:14PM

It should not do.
Did you declare the deposit as a gift? If so, is it not just a gofted deposit letter they want?

goodison12 · 20 February 2016 at 8:18PM

Hi yes we have declared the money as a gift so we have the paperwork. So you think they will still instruct the surveyor? We've paid for it yesterday. We are renting at the moment and there is no chain so we want a quick move. Thanks for replying

ThePants999 · 20 February 2016 at 10:27PM

I'd read somewhere that Virgin do valuation before underwriting - but I'm applying with Virgin at the moment, and I got a call from an underwriter to tell me financials were OK and they'd now arrange the valuation. If you're paying the valuation fees, you should at least *ask* them to go ahead with the valuation while you get them proof of deposit, the worst that can happen is they say no :-)