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When to apply for mortgage after offer accepted

9 replies

shalalala · 10/11/2016 15:27

Been a long time since we bought a property and can't remember the process!
We have a mortgage agreement in principle and have just had an offer accepted on a property. When should we be applying for the mortgage? Now?

OP posts:
BasinHaircut · 10/11/2016 15:29

Yes of course!

You need to get the ball rolling so you can make sure they will lend you the money to buy the house! A mortgage in principle means nothing now as if the house isn't worth what you have offered they would lend it to you!

BasinHaircut · 10/11/2016 15:29

*wont lend it to you

seminakedinsomebodyelsesroom · 10/11/2016 15:29

Yes! Congratulations on the offer being accepted.

GreenDaisies · 10/11/2016 15:31

Immediately! The mortgage company often arranges the survey. Get in contact with them right away.

YelloDraw · 10/11/2016 17:45

Yea now now now! Congrats :-)

NotAPuffin · 10/11/2016 17:54

Immediately! Get your solicitor on the case as well.

Lilmisskittykat · 10/11/2016 20:28

No need for a reply so just thought I'd say congrats! Smile

shalalala · 12/11/2016 21:26

Thanks all! Have got cracking!

OP posts:
jessplussomeonenew · 12/11/2016 21:59

Just one caveat - check that the house you're buying isn't a probate property, particularly one over the inheritance tax threshold, as it can take ages to come through and we had to reapply for our mortgage because the offer expired after 6 months.

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