Mortgage offer in!

🏦 Mortgage Offer Issued — your lender’s gold-stamped “YES”

✅What this milestone means

The lender has finished underwriting, approved the valuation, and produced aformal Mortgage Offer. Funds are now reserved in your name and (barring major life changes) guaranteed until the offer expiry date - typically 3-6 months. This is the last financing hurdle before exchange.

🔑 Why this is a big deal for buyers

💸Money in the bag– solicitors can schedule exchange knowing the cash is locked.

⏱️Chain momentum– every link can now agree firm dates with confidence.

🔐Rate security– your interest rate is frozen even if markets jump tomorrow.

🛠️ What’s happening in the background

•Broker / Lenderemails the PDF offer to you and your conveyancer.

•Your Conveyancerfiles it, checks all special conditions (buildings insurance, gifted-deposit letters, retentions).

•Open MoovemarksMortgage Offer Issuedcomplete and alerts your Mooving Team so they can push for exchange.

📌 Your action list right now

1.Read the offer carefully– confirm loan amount, term, rate, early-repayment charges and any conditions.

2.Sign & returnthe mortgage-acceptance form to your broker or lender ASAP.

3.Arrange buildings insurance– most lenders insist the policy starts on theexchangedate; line it up now with Moove Smooth.

⏭️ What happens next

• Your conveyancer drafts yourReport on Titlefor you to sign.

• Any final legal enquiries are closed off.

• Deposit funds land in your solicitor’s client account.

•Exchange of contracts– legally binding, completion date locked!

💡Pro tip:Mortgage offer expiring soon? Ask your broker to request an extensionat least two weeksbefore the deadline - most lenders will grant one if legal work is clearly progressing.

Need help decoding an offer condition or finding a sharp insurance quote? MessageMeredithAIin your Moove Room - online 24/7 to keep your purchase Mooving.