Next Steps
Getting Confirmation Of Your Mortgage Offer
If you satisfy the lender that your application is worthy,
then you will receive a written confirmation of your mortgage
offer.
hen you get a written confirmation of your offer, you usually
receive two things. Firstly, there will usually be some
form of standard covering letter, thanking you for your
hugely valued custom and welcoming you into a family of
customers that have their mortgage lender in common.
In addition to the letter, you will receive a written mortgage
confirmation. This will normally set out some of your personal
details, some facts about the property, your salary details,
your solicitors (if you have appointed them by this stage,
and will require a signature.
And that is that. The valuation will take place and you
should hopefully get a letter back a week or so later confirming
that everything was in order. The day that arrives is a
happy one, as you know that there is very little in the
way of you exchanging contracts with the vendor's solicitor,
and ultimately moving in.
On the final completion of the mortgage, you will get another
letter, confirming that the funds have been released, confirming
the repayments, terms, and a few other details. But by this
time, you'll have the keys to your new home and will probably
be too busy to pay it much attention!
