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Another 100% Lender withdrawal - Mortgage Express

2

Comments

  • MBM
    MBM Posts: 83 Forumite
    You should really be putting these questions to the broker who arranged the mortgage for you.
    I am a Mortgage Adviser
    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.
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    No one can answer those questions, as they have not been dealing with your paperwork - give your broker a call, they should be able to put your mind at ease
    I am a Mortgage Adviser
    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.
  • mstar
    mstar Posts: 269 Forumite
    so even if we have a offer and due to complete in 2 weeks, can mort express withdraw their offer this late??
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    Any lender can withdraw a mortgage at any time if they wish - it is rare for them to do so unless new information comes to ligt which affects the application in progress.

    You should be fine
    I am a Mortgage Adviser
    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.
  • lismarie
    lismarie Posts: 36 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    Just an update.....

    We have been told today that our mortgage has been formally agreed!!!! I am very shocked in the current climate, but very happy.

    Really hoping everything goes ok now until completion!

    Thanks for the advice.
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    Good to hear :T
    I am a Mortgage Adviser
    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.
  • Eddan
    Eddan Posts: 2 Newbie
    How long does Mortgage Express take to formally agree on a mortgage, we applied on 3rd March?
  • mstar
    mstar Posts: 269 Forumite
    well i am with mortgage express i can recall we got our offer within 3-4 weeks, not sure if mortgage express are effected with the credit issues but maybe they access more closely these days???
  • lismarie
    lismarie Posts: 36 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    My broker said that they are one of the quickest. It has taken about 2 weeks since we had our agreement in principle but that was because it took us a while to get all the paperwork together that they requested.

    Once they had all our info they made the decision within 48 hours. They did the valuation about a week after our aip.

    I have found them to be very quick.
  • Thank you, for your reply. It's just that I am a bit worried about thecreditcrunch thing, we have already submitted what they have asked, and we are not sure whether we should tell the solicitors to start with the proceeding until we have there formal agreement.
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