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When to apply for a mortgage?

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Hi everyone!

We have made an offer on a property… it’s fantastic and we have our fingers and toes crossed.

We have our decision in principle but should our offer be accepted when should we put our application in?

The reason I ask is that the sellers are looking to buy a new build which isn’t completing until July. Do we apply straight away and look to extend the offer or hold off until later to apply?

thanks for any advice!

Comments

  • I would leave it until April time as offers usually have a time limit they have to be completed by. I think mine was 3 months from the day we received our offer. 
  • I agree with the above. Although, mortgage extensions are very popular, especially with a new build involved if you wanted to apply now and put your mind at rest. :)
  • chrmc
    chrmc Posts: 28 Forumite
    10 Posts Name Dropper
    Well, our offer was accepted as of today so our broker is going ahead with the full application. The stress is something else haha
  • 2 years ago this month I was in the same boat. Buying is very stressful. It’s  the not knowing where the solicitor’s are at that the worse thing.
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