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  • FIRST POST
    • Ian 875
    • By Ian 875 6th Aug 18, 1:27 PM
    • 50Posts
    • 26Thanks
    Ian 875
    Newbie mortgage questions
    • #1
    • 6th Aug 18, 1:27 PM
    Newbie mortgage questions 6th Aug 18 at 1:27 PM
    ..........
    Last edited by Ian 875; 09-08-2018 at 11:06 AM.
Page 1
    • heston2014
    • By heston2014 6th Aug 18, 1:45 PM
    • 56 Posts
    • 11 Thanks
    heston2014
    • #2
    • 6th Aug 18, 1:45 PM
    • #2
    • 6th Aug 18, 1:45 PM
    Check your credit reports to make sure all looking clean.
    Once your offer on the property is accepted, that's when you'll submit a full application to the lender (either directly or through a mortgage adviser depending on circumstances).
    Appoint solicitor who will carry out legals and searches.
    Lenders can vary but expect to provide all the required documentations including paying for valuation fee at application stage.
    Valuation takes place once initial assessment has been completed, although some lenders apparently, won't assess documentation until valuation has been completed.
    If Valuation comes back ok i.e. matches the price offered on property, then further assessment by lender then offer if all well.
    You can also have a home survey report carried out which would be separate from the lender's valuation as I understand.
    If report comes back with lots of issues, you could renegotiate with the vendor.

    Good luck! Be prepared to wait as lenders timescales vary!
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