Stupid mortgage question.

[Ffsnosexallowed]

We've arranged additional borrowing on our mortgage to pay for house improvements. Offer letter came today. 10 day coming off period, but says we can proceed sooner. How do we actually get the money????? (I will of course call them tomorrow - but mn always knows the answer!)

Sign the offer letter and send it back?

It should tell you in the letter....

When you complete the mortgage company release the funds to your solicitor.

Sorry it's not linked to a house purchase?

Then just sign the letter, it will be in the terms

They put it in the ban account you nominated in the application

There's nothing to sign on the offer letter, which is confusing me! And the offer letter just tells us how much the new mortgage will be - not how to get hold of the money!

Phone them up, tell them you're happy to proceed and they'll process it. Money should be in your bank account within about 24 hours.

That's what happened for us anyway.

Thanks @glasshalfsomething, reassuring.