Mortgage Offer Query

P

P27

Registered User
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Hi,

In July myself and patner submitted all our details - bank statements, wage info, loan details etc to a broker who in turn submitted the items to a financial institution who gave us Approval in Principal for 92% ltv.
Subsequently a valuation was organised and submitted by the broker along with a request for full loan offer.
The bank have now come back requesting the following items:
1) DD Mandate signed
2) Proof of 8% balance ( This is a gift to us from family)

Is it a good sign that they have requested this info are we on the road to full loan offer for the required 92%?
How long should it take for the offer to issue?
Thanks in advance:D
 
If the Approval in Principle was issued in July and the valuation is OK, the two requirements are standard enough.

Service levels vary between lenders but they should take no more than a working week between when they receive their last requireent and when they issue the offer letter.
 
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