Mortgage Offers

[bekib86]

I had a mortgage accepted in principle but they seem to be dragging their heels with the actual offer. Thats literally all im waiting for before exchange and am getting twitchy. They were questioning why I had so many transfers going out of my account, but all of these transfers are between my current and savings account. Is there any reasons it could be declined now? Is it a slim chance? Thanks

[ubasses]

Unless things have changed drastically since I retired, they should have done all the ground works before making the offer in principle. Unless they have found something you have not told them about, there is a problem with lending against the property you have found or there is a problem with the loan to valuation ratio, it should be all systems go.

[bekib86]

I told them everything that is going out my account, have no bad credit, only have my car finance, never missed a payment etc. Nothing that could go against me. The offer in principle stated what I could potentially get, ive asked for £10k less than that due to the property im buying and 10% deposit. It was yesterday morning they spoke with my mortgage advisor and stated that there was concerns about all the transfers on my account, I explained to him it was simply between my accounts. They said they should make decision by end of day. This morning my mortgage advisor rang them again and, again they said decision should be made by end of the day. Its making it sound like its a difficult decision to make, and im beginning to panic! Thanks x