Mortgage Offer Acceptance

[Unregistered]

Can anyone tell me when exactly do I need to accept an offer of a mortgage for a house due for completion in September this year?

I have paid the deposit and signed a contract for the house in January 2005. I have secured offers from several mortgage companies but am unsure when I need to accept?

Thanks

EJ

 

[daveco23]

You need to sign the letter of offer the bank issued to you.

Depending on the bank, offers are normally valid for 9-12 months, so if the house is going to be completed in september, I would accept now and throw it over to your solicitor - One less document to root around for when you complete.

 

[Munsterdude]

There is no panic at all. Most lenders put shortish dates for acceptance, but they will just re-issue in due course when you need to decide. Dont worry about it yet!