Mortgage application

[tickleyourpickle]

I'm in a panic

We went to the natwest, they told us how much we can borrow, told us to sell our house, and offer on our new one then go back to them for the full mortgage application. All of the above was done, and they declined us as I had a bank charge on my account from 2 months ago (completely my fault, put the money in the wrong account)

We have since been to an IFA and have an agreement in principle with the halifax. We have paid £430 for the survey which has been booked for Tuesday.
Does this mean everything is going ahead? What if they do the survey and then decline the mortgage, we will lose the valuation fee.

Or does this mean that were fully accepted of they have booked the valuation?

Speak to your IFA for clarification. A mortgage is usually subject to survey - they want to know it's worth the price agreed as it's their security and that there's nothing wrong with it that will detract from the value.

I don't know the answer but we are in exactly the same position.

We have an aip with Halifax and the valuation is on Tuesday. Does this mean that we will get the go ahead as long as they agree with our valuation? I hope so.

It's all very stressful and you have my sympathy

Esme how starts he that were in the same position!
My worry is that we've not had an official letter through saying its confirmed that we actually have the mortgage, although since I posted this this morning I have received my key facts letter explaining the payments ect from halifax
I obviously don't want them to do the valuation if they then turn around and say our application has been declined as we would lose the £430 we have paid
Although I do think it would be unlikely for them to instruct the valuation of it wasn't going ahead?
Fingers crossed for us both!!

That should read ... how strange not how starts he. Damn auto correct !

They can't confirm before the survey as they need to know that the property is worth what you valued it at. If it isn't or there are any other problems with the mortgage you may well lose the fee. Sadly buying houses is expensive especially if you get a property you want to buy pay for surveys solicitors etc and then it falls through - not uncommon but lose thousands!