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AIP 18/02/2020 - Full Application 25/02/2020 - Valuation - 16/03/2020
17/03/2020 - Mortgage Offer Issued
23/03/2020 - LOCKDOWN
19/06/2020 - Exchange of Contracts
07/08/2020 - Officially Homeowners
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Once you have received your mortgage offer, is the job of the Mortgage Broker done?

onthemend88
Posts: 258 Forumite

I am only asking as our broker was furloughed and has since informed us that she has taken up a job within a high street bank as there was too much uncertainty with her job.
We received our offer in March, have exchanged contracts and will be completing on the 17th July.
Other than the life insurance, which she would have helped us arrange, would there have been anything else that she would have needed to arrange with us? Do I need to contact our mortgage lender to inform them that our broker no longer works as a broker?
We received our offer in March, have exchanged contracts and will be completing on the 17th July.
Other than the life insurance, which she would have helped us arrange, would there have been anything else that she would have needed to arrange with us? Do I need to contact our mortgage lender to inform them that our broker no longer works as a broker?
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Comments
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The mortgage brokers job is done.1
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Thrugelmir said:The mortgage brokers job is done.First Time Buyer
AIP 18/02/2020 - Full Application 25/02/2020 - Valuation - 16/03/2020
17/03/2020 - Mortgage Offer Issued
23/03/2020 - LOCKDOWN
19/06/2020 - Exchange of Contracts
07/08/2020 - Officially Homeowners0 -
Pretty much. However, do make sure you have a contact point at the broking firm as if the lender requires anything additional from you (most recent payslip usually) before releasing funds for completion, they will most likely go through the broker.1
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Sounds like the mortgage broker's career is also done.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.4 -
jamielutz1987 said:Pretty much. However, do make sure you have a contact point at the broking firm as if the lender requires anything additional from you (most recent payslip usually) before releasing funds for completion, they will most likely go through the broker.First Time Buyer
AIP 18/02/2020 - Full Application 25/02/2020 - Valuation - 16/03/2020
17/03/2020 - Mortgage Offer Issued
23/03/2020 - LOCKDOWN
19/06/2020 - Exchange of Contracts
07/08/2020 - Officially Homeowners0 -
amnblog said:Sounds like the mortgage broker's career is also done.First Time Buyer
AIP 18/02/2020 - Full Application 25/02/2020 - Valuation - 16/03/2020
17/03/2020 - Mortgage Offer Issued
23/03/2020 - LOCKDOWN
19/06/2020 - Exchange of Contracts
07/08/2020 - Officially Homeowners0 -
The job is done at that stage 90% of the time, but if there are problems you would expect the broker to be on hand.
Most people have questions beyond the offer being issued, but I suppose you can probably get the answers elsewhere.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.1 -
ACG said:The job is done at that stage 90% of the time, but if there are problems you would expect the broker to be on hand.
Most people have questions beyond the offer being issued, but I suppose you can probably get the answers elsewhere.First Time Buyer
AIP 18/02/2020 - Full Application 25/02/2020 - Valuation - 16/03/2020
17/03/2020 - Mortgage Offer Issued
23/03/2020 - LOCKDOWN
19/06/2020 - Exchange of Contracts
07/08/2020 - Officially Homeowners0
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