WorstPigeon
Registered User
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- 89
I'm currently thinking of putting in an offer on a house. I have full mortgage approval, though the bank still requires me to get mortgage protection life insurance, which I don't have.
First, when making an offer, if asked for proof of funds, what should I provide? I'm reluctant to show my approval letter, as I don't really want the agent to know what my maximum is (I'd mostly be looking at places a with asking prices a bit under the amount I'm approved for).
Do I need to have a solicitor sorted out before making an offer, or is it okay to leave that until after an offer is accepted?
Finally, do I need the life insurance sorted out now, or is it reasonable to wait until I have an offer accepted? I'm in no huge rush to buy, necessarily, so if the offer doesn't work out, I may end up waiting till next year sometime; I don't really want to be paying for life insurance I otherwise have no use for in the meantime.
First, when making an offer, if asked for proof of funds, what should I provide? I'm reluctant to show my approval letter, as I don't really want the agent to know what my maximum is (I'd mostly be looking at places a with asking prices a bit under the amount I'm approved for).
Do I need to have a solicitor sorted out before making an offer, or is it okay to leave that until after an offer is accepted?
Finally, do I need the life insurance sorted out now, or is it reasonable to wait until I have an offer accepted? I'm in no huge rush to buy, necessarily, so if the offer doesn't work out, I may end up waiting till next year sometime; I don't really want to be paying for life insurance I otherwise have no use for in the meantime.