Would it be usual/standard for a lender to issue a letter of offer saying mortgage funding is expressly conditional on the sale of PPR? Considering timing lags between receipt of funds from sale of one and completion on the next, purchasers backing out last minute etc.
I made the application based on sale of my PPR but now I think it might be less stressful to just sell after I move. Would this mean I need to go back and reapply for the mortgage or do the banks check or need confirmation from solicitors etc that it's been sold before releasing funds? Many thanks!
I made the application based on sale of my PPR but now I think it might be less stressful to just sell after I move. Would this mean I need to go back and reapply for the mortgage or do the banks check or need confirmation from solicitors etc that it's been sold before releasing funds? Many thanks!