Hi, got a decision in principle today from the Woolwich. This is to port my existing mortgage plus an extra £50k of borrowing. Before he inputted it, the in-branch advisor said it would probably be rejected due to my not having been self-employed for long enough -- but he needed to run it through system in order to get ref no. to give to underwriter, who would then review it. However, it went through and was accepted straight away. Advisor was amazed and said must be due to having spotless credit.
My question is this -- because a full credit check was run to get this decision in principle, does this mean I will definitely be accepted when I do the application in full, once I find a property? (Assuming i will still be asking for the same amount.) Or are there still things that can crop up and go wrong at this stage? If so, what kind of things? Thanks in advance for any replies.
My question is this -- because a full credit check was run to get this decision in principle, does this mean I will definitely be accepted when I do the application in full, once I find a property? (Assuming i will still be asking for the same amount.) Or are there still things that can crop up and go wrong at this stage? If so, what kind of things? Thanks in advance for any replies.