Mortgage offer

[labsarelife]

Hi all, we have had the valuation done on the property we want to buy. All fine. Mortgage offer came within 48 hrs. Have completed all of our legal work. The valuation was done a month ago on the property we are selling. Went through fine. Then we were told that the buyer’s lender was requesting more financial info before releasing their mortgage offer. Then we were told some documents were blurred and had to be re-sent before the offer could be released.
What is a reasonable amount of time for a mortgage offer to come through, if the valuation threw up no issues? Are we right to be concerned that the length of time we’ve waited, could mean there’s a problem and the mortgage will be declined? We already lost our last buyer, a week before exchange.
Any advice appreciated. Thank you.

The time to produce an offer can vary wildly from lender to lender. As you have found with your own offer, some can be turned round very quickly.

When were the documents re-sent?

Mildura The documents were re-sent last Monday. They were requesting his wife’s P60’s, as the underwriter discovered that she was working for the husband’s business. They did not realise this initially. They also requested the last 3 months wage slips, as the ones they had originally, did not cover the last 3 months.