Hi,
May I ask a basic question. If someone has mortgage approval which runs out on for example on the 21st June does that mean the mortgage has to be drawn down by that date or if they inform the bank on the 14th June that they have found a property they like and the ball starts rolling is that ok? Clearly the close would be a month or maybe two after the final approval date in this instance.
Kind regards
nbc
May I ask a basic question. If someone has mortgage approval which runs out on for example on the 21st June does that mean the mortgage has to be drawn down by that date or if they inform the bank on the 14th June that they have found a property they like and the ball starts rolling is that ok? Clearly the close would be a month or maybe two after the final approval date in this instance.
Kind regards
nbc