This may appear a silly question, but I'd like to ask it anyway.
I currently have a Natwest One mortgage account.
I am about to receive an inheritance, and it's going to push the account well into "credit".
What I want to know is if I choose move house such that after the move, I will still owe less than my currently facility. Do I need to jump through all the "mortgage/credit check" type hoops?
I appreciate that I'll need to involve a solicitor for all the conveyancing, and the transfer of deeds etc, and of course the lender will need to ensure that they're prepared to lend againt the new property, but do I already have a "mortgage in principle" (if that's the correct term?)
In short, what will the logistics of the move be given that I want to stay with the same lender as I like the offset mortgage system as it works well for me?
Thanks
I currently have a Natwest One mortgage account.
I am about to receive an inheritance, and it's going to push the account well into "credit".
What I want to know is if I choose move house such that after the move, I will still owe less than my currently facility. Do I need to jump through all the "mortgage/credit check" type hoops?
I appreciate that I'll need to involve a solicitor for all the conveyancing, and the transfer of deeds etc, and of course the lender will need to ensure that they're prepared to lend againt the new property, but do I already have a "mortgage in principle" (if that's the correct term?)
In short, what will the logistics of the move be given that I want to stay with the same lender as I like the offset mortgage system as it works well for me?
Thanks