Precise Mortgages - how long from application to offer? 5 July 2016 at 2:57PM edited 30 November -1 at 1:00AM in Mortgages & Endowments 1.9K replies 268.3K views

helzyb

I’ve just had an update that the solicitors have received the mortgage offer so at least they can start raising the enquiries now 😍 just one more search to come back fingers crossed by Tuesday x 

helzyb

Masrat1 said:

Hi,
We are just submitting an offer through our broker today hopefully. They are hopeful and we have had a DIP and reserved a flat using it. We now have our ATP so I guess it's just the wait. What would be the earliest stage we would know if we won't get an offer? We are completely new to all this and my partner is worried due to her credit history.

My credit report is shocking and we got our offer.

I think it depends they do a credit search very early on mine was the day of submission. I don’t think they would invest the time if they were nt happy with the report. However, they will have looked at the report for DIP so that’s positive. 

KLHughes

I really don’t know what to do with this acceptance of offer letter🤦‍♀️🤦‍♀️ Everyone is saying different, majority are saying don’t date but are saying date. Solicitors have also said the searches wont be back until end of june!!! They were put in a month ago😩 This is more stressful than when we were waiting for a mortgage offer

Melandpaul

Masrat1 said:

Hi,
We are just submitting an offer through our broker today hopefully. They are hopeful and we have had a DIP and reserved a flat using it. We now have our ATP so I guess it's just the wait. What would be the earliest stage we would know if we won't get an offer? We are completely new to all this and my partner is worried due to her credit history.

Hopefully not long but could you keep me updated on here mines going in very soon so be good to see how fast they working threw things 

pantheamoon

We are now getting so much pressure from the people in the chain above to get our transfer of equity completed by the end of June.  I don't think we have a chance in hell to get it done that quickly.  I'm hoping that this document review is the last before valuation then we might have a chance.  I couldn't take another setback.  2.5 years trying to buy a house and 4 purchases that have fallen through through no fault of our own.. I just need this done.  Fingers crossed we get to valuation this week.

Melandpaul

pantheamoon said:

We are now getting so much pressure from the people in the chain above to get our transfer of equity completed by the end of June.  I don't think we have a chance in hell to get it done that quickly.  I'm hoping that this document review is the last before valuation then we might have a chance.  I couldn't take another setback.  2.5 years trying to buy a house and 4 purchases that have fallen through through no fault of our own.. I just need this done.  Fingers crossed we get to valuation this week.

Fingers crossed for.. 🤞

helzyb

pantheamoon said:

We are now getting so much pressure from the people in the chain above to get our transfer of equity completed by the end of June.  I don't think we have a chance in hell to get it done that quickly.  I'm hoping that this document review is the last before valuation then we might have a chance.  I couldn't take another setback.  2.5 years trying to buy a house and 4 purchases that have fallen through through no fault of our own.. I just need this done.  Fingers crossed we get to valuation this week.

30th of June is only 3 weeks ago does nt seem like they are being realistic at all. It took a week after our offer before we received the paperwork for the mortgage.

our valuation happened quickly then the offer via email was received a couple of days later x

good luck x

Masrat1

Melandpaul said:

Masrat1 said:

Hi,
We are just submitting an offer through our broker today hopefully. They are hopeful and we have had a DIP and reserved a flat using it. We now have our ATP so I guess it's just the wait. What would be the earliest stage we would know if we won't get an offer? We are completely new to all this and my partner is worried due to her credit history.

Hopefully not long but could you keep me updated on here mines going in very soon so be good to see how fast they working threw things 

Well our application went in at the end of last week and the broker claims we should hear something this week, we have paid for the valuation so now it's a waiting game I guess!

pantheamoon

helzyb said:

pantheamoon said:

We are now getting so much pressure from the people in the chain above to get our transfer of equity completed by the end of June.  I don't think we have a chance in hell to get it done that quickly.  I'm hoping that this document review is the last before valuation then we might have a chance.  I couldn't take another setback.  2.5 years trying to buy a house and 4 purchases that have fallen through through no fault of our own.. I just need this done.  Fingers crossed we get to valuation this week.

30th of June is only 3 weeks ago does nt seem like they are being realistic at all. It took a week after our offer before we received the paperwork for the mortgage.

our valuation happened quickly then the offer via email was received a couple of days later x

good luck x

I completely agree.  I understand they want the stamp duty break, don't we all, there is nothing more I can do at this point x

helzyb

pantheamoon said:

helzyb said:

pantheamoon said:

We are now getting so much pressure from the people in the chain above to get our transfer of equity completed by the end of June.  I don't think we have a chance in hell to get it done that quickly.  I'm hoping that this document review is the last before valuation then we might have a chance.  I couldn't take another setback.  2.5 years trying to buy a house and 4 purchases that have fallen through through no fault of our own.. I just need this done.  Fingers crossed we get to valuation this week.

30th of June is only 3 weeks ago does nt seem like they are being realistic at all. It took a week after our offer before we received the paperwork for the mortgage.

our valuation happened quickly then the offer via email was received a couple of days later x

good luck x

I completely agree.  I understand they want the stamp duty break, don't we all, there is nothing more I can do at this point x

Ahhhh I didn’t think about stamp duty!
oh no hope you get lucky x