P
Pac
Guest
Hi all
I am due to start Maternity leave in September. We have paid a booking deposit on a new house which should be ready in Feb 07. I will be back working from 22nd February 07. I don't receive a top up payment from work until two months after returning to work. If we take a 100% mortgage with First Active now, what effect will this have on the drawdown of the remainder of the mortgage in February as the 10% deposit is a stage payment? Will the loan offer still be valid at that stage or will I have to re-submit payslips etc (which would obviously cause a problem). Everything seems to going fine with the mortgage approval (I hope), valuation etc has been done.
Many Thanks.
I am due to start Maternity leave in September. We have paid a booking deposit on a new house which should be ready in Feb 07. I will be back working from 22nd February 07. I don't receive a top up payment from work until two months after returning to work. If we take a 100% mortgage with First Active now, what effect will this have on the drawdown of the remainder of the mortgage in February as the 10% deposit is a stage payment? Will the loan offer still be valid at that stage or will I have to re-submit payslips etc (which would obviously cause a problem). Everything seems to going fine with the mortgage approval (I hope), valuation etc has been done.
Many Thanks.