Hi,
I posted on here last week and received some great advice thank you. We are now in the process of getting a 2nd mortgage through virgin money. They have done a valuation, which came back fine, and we are waiting on a CTL from our existing mortgage provider (BOI) on the property we have just started to rent out.
I just wondered if anyone had any experience of mortgages with Virgin Money? Will they have done all their checks by now and is it simply the CTL that is holding the process up? They have taken £400 in fees, would they get this far if they had doubts about the application?
Our solicitor also mentioned that the sear h revealed a potential chancel liability? She said she would need to let the mortgage company know once they had made an offer. Should we inform them of this now before a potential offer to save time later or is it more likely to have a negative impact on our application ?
Many thanks
JJ
I posted on here last week and received some great advice thank you. We are now in the process of getting a 2nd mortgage through virgin money. They have done a valuation, which came back fine, and we are waiting on a CTL from our existing mortgage provider (BOI) on the property we have just started to rent out.
I just wondered if anyone had any experience of mortgages with Virgin Money? Will they have done all their checks by now and is it simply the CTL that is holding the process up? They have taken £400 in fees, would they get this far if they had doubts about the application?
Our solicitor also mentioned that the sear h revealed a potential chancel liability? She said she would need to let the mortgage company know once they had made an offer. Should we inform them of this now before a potential offer to save time later or is it more likely to have a negative impact on our application ?
Many thanks
JJ