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 a formal 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 / Lender emails the PDF offer to you and your conveyancer.

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

• Open Moove marks Mortgage Offer Issued complete 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 & return the mortgage-acceptance form to your broker or lender ASAP.

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

⏭️ What happens next

• Your conveyancer drafts your Report on Title for 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 extension at least two weeks before 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? Message MeredithAI in your Moove Room - online 24/7 to keep your purchase Mooving.