Just wondering if anyone knows how long (after relevant paper work is submitted) it takes the bank (BofI)to approve a mortgage to an interest only mortgage? Not in arrears. I presume I will not lose the tracker rate. Many thanks
Approval in principle after no more than 3 business days from the date of the application going to seek formal credit sign off assuming all supporting documentation has been provided and the official has done their job and completed a thorough application that meets all credit criteria.