Pepper money? Anyone have any experience good or bad please

Ako26

Happyme7 yes we did. The solicitors made sure they had the money before we exchanged so if they decided last min they didn't like us we would loose our deposit.

Maverick_TF

Afternoon guys

I have a really silly question to ask as I haven't had any official word from Pepper yet...

According to our Mortgage Advisor (via email), Pepper have instructed a valuation on the property we want to buy for 10th May, does this mean that we have technically been approved for the mortgage or are they running a check to see if they can accept the mortgage for that value?

I nearly jumped through the roof with excitement when I read it but was wondering what you guys' experience with this was

We submitted our full mortgage app around 2 weeks ago, delays happened due to the bank holiday weekend and Pepper needing extra info etc but it's all been quiet since

Anybody able to clarify?

Thanks

JasonHand

Maverick_TF wrote: »

Afternoon guys

I have a really silly question to ask as I haven't had any official word from Pepper yet...

According to our Mortgage Advisor (via email), Pepper have instructed a valuation on the property we want to buy for 10th May, does this mean that we have technically been approved for the mortgage or are they running a check to see if they can accept the mortgage for that value?

I nearly jumped through the roof with excitement when I read it but was wondering what you guys' experience with this was

We submitted our full mortgage app around 2 weeks ago, delays happened due to the bank holiday weekend and Pepper needing extra info etc but it's all been quiet since

Anybody able to clarify?

Thanks

Getting to this stage I seem to remember is a big deal. Basically they have done the vast majority of their checks and they are now happy to proceed onto the next step.

As long as the property meets their valuation they will then do some final checks. Don't worry from what Pepper told me at the time this is simply a case of a senior underwriter going through your paperwork to make sure nothing has been missed

Sounds to me you are getting there

Maverick_TF

JasonHand wrote: »

Getting to this stage I seem to remember is a big deal. Basically they have done the vast majority of their checks and they are now happy to proceed onto the next step.

As long as the property meets their valuation they will then do some final checks. Don't worry from what Pepper told me at the time this is simply a case of a senior underwriter going through your paperwork to make sure nothing has been missed

Sounds to me you are getting there

Thanks for the quick response, I won't get too carried away just yet, I will be on holiday when the valuation is done so hopefully will get a pleasant email whilst away and can celebrate! Fingers crossed :j

Ako26

It's sounds like you are heading in the right direction altho they will not give you an official offer u til after the valuation. Basically they need to check that they are happy to lend against the property and that the property is valued correctly. When mine came back mine was valued higher than what I was paying by quite a it and I had a large deposit so there was no problem. They survey also indicate if the property is in good state of repair. Once this has been completed you will get a copy normally after 48 hours the full mortgage offer should come through. :j

Ako26

Happyme7 good luck for tomorrow, everything crossed that those keys are in your hand early ��

Happyme7

Ako26
Thank you, i got the call at 11.28am to say its all completed and my keys are ready to pick up i could not believe it i am so so happy me and my partner still cant quite believe it:rotfl::beer::j:T:beer:
Good luck to everyone else its well worth the wait and i cannot thank Pepper enough for giving us this chance when no one else would :beer:

Ako26

Congratulations Happyme7 :j:T:j:T

JasonHand

Happyme7 wrote: »

Ako26
Thank you, i got the call at 11.28am to say its all completed and my keys are ready to pick up i could not believe it i am so so happy me and my partner still cant quite believe it:rotfl::beer::j:T:beer:
Good luck to everyone else its well worth the wait and i cannot thank Pepper enough for giving us this chance when no one else would :beer:

Brilliant news happyme7. I'm guessing you are indeed now happy and living up to your login name?

Happyme7

Thankyou :rotfl: so relieved it all done just been busy moving i still dnt think its sunk in yet lol:j