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Why do I need to wait for a written mortgage offer?

Solicitors in London

Why do I need to wait for a written mortgage offer?

News article published on: 24th June 2014

A written mortgage offer is an obligation on the mortgage lender to provide the mortgage monies when required. You cannot commit yourself to a moving date or completion date without having a written mortgage offer or you may find that you do not have the money to pay for the property at completion. This would cause both you and the sellers of the property considerable problems.

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