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Approved, What Next?
herewego123
Posts: 46 Forumite
Hey all
Had some great news that my mortgage was approved today and the valuation was already completed online with Halifax.
Background - LTV 85% £18k deposit (total mortgage remaining amount £103,000)
Credit rating- fair with defaults approx 3yrs 10months ago and missed payments up until last Dec but no debt as all 0 balances and closed accounts.
I have only now paid the search fees to the solicitor as I was dubious of handing over cash without knowing if I had been accepted.
I have now also signed all their documents online, but what happens next?
I'm buying privately from our landlord so wondering what I need to be looking out for?
Many thanks
Had some great news that my mortgage was approved today and the valuation was already completed online with Halifax.
Background - LTV 85% £18k deposit (total mortgage remaining amount £103,000)
Credit rating- fair with defaults approx 3yrs 10months ago and missed payments up until last Dec but no debt as all 0 balances and closed accounts.
I have only now paid the search fees to the solicitor as I was dubious of handing over cash without knowing if I had been accepted.
I have now also signed all their documents online, but what happens next?
I'm buying privately from our landlord so wondering what I need to be looking out for?
Many thanks
0
Comments
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Once the offer is issued the solicitor completes the legal work;-
contract preparation
searches
enquiries
collect deposit from you
enabling you to exchange contracts and complete when everything is settled.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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