Mortgage advice, first time buyer stress

[Rebecca2905]

Weve just put an offer on a house after getting a mortgage in principle. I'm feel I can't get too excited about it all until they say our mortgage application is successful. When we went into natwest to complete the full application the lady did some stuff on her computer, said how much they could lend/affordability and checked bank statements etc and said it all came back 'green' and then said she'd book us an appointment with the mortgage advisor as she's not allowed to discuss best rates etc. Does this mean that the application was successful or could we still get declined at this point? Don't want to get hopes up yet and we have no experience with the process. Thank you Xx

[raspberryk]

If they haven't searched your credit scores then yes it could still be declined. Have you been monitoring those and checked there's no incorrect information on there? They're as good as they can be?

[TiddyTid]

Mortgage in Principle is a very positive step. As long as you have the documents to support the info you gave, ie payslips, bank statements and it all corresponds and all good with the property valuation you should be good for the mortgage offer.
Good luck :)

[ChasingRainbows19]

Mortgage in principle is what you need to show estate agents. It's not a formal go ahead it's s good indicator though. We have our mortgage with Natwest, I'm confused about your appointment was that the principal one?

So when you apply for the mortgage once you have a sale agreed you go back to the mortgage advisor who goes through everything in more. They then send it off and you can track the application online. You can also arrange your valuation with them at this stage. They will do a basic one for the mortgage approval and you can instruct a homebuyers or further survey ( I did this privately)

Once it's approved in house in theory the mortgage valuation is instructed is to check it's worth what they are lending then if all's ok you get full approval