Getting your mortgage offer is a big moment. It means the lender has reviewed your application, checked your documents, and is happy to go ahead with the mortgage you’ve applied for. But while it’s a major milestone, there are still a few important steps to complete before you get the keys to your new home.
From the legal process to final checks and setting a completion date, knowing what comes next can help you feel more prepared and keep everything moving forward.
In this article, we’ll walk through what happens after your mortgage offer is confirmed, so you know what to look out for as you head towards completion.
What should I do once I get my mortgage offer in Liverpool?
Once your mortgage offer is in place, it’s time to move towards completion. At this stage, your solicitor will take the lead on most of the legal work, but there are still a few things to keep in mind to help everything stay on track.
You’ll usually receive a copy of the mortgage offer for your own records, and your solicitor will get one directly from the lender. It’s worth checking the details carefully, including the loan amount, mortgage term and interest rate. If anything doesn’t look quite right, your mortgage advisor in Liverpool can help you get it sorted quickly.
Your solicitor will now continue with the final legal checks on the property, wrap up any outstanding searches, and begin preparing for the exchange of contracts. This is the point where things move closer to completion, and you’ll typically agree a completion date with the seller.
During this stage, it’s best to avoid any major financial changes. Lenders may still carry out final checks before releasing the funds, so try not to take on new credit or make changes to your income if it can be helped.
If everything runs smoothly, your solicitor will confirm the completion date, transfer the funds, and you’ll be able to collect the keys to your new home.
How long will my mortgage offer last in Liverpool?
Most mortgage offers are valid for between three and six months, depending on the lender. This gives you time to work through the legal process, complete any final checks, and move towards exchanging contracts.
Your offer will include an expiry date, so it’s a good idea to make a note of it early on. If you’re buying a new build, or there are delays with the property chain, it’s possible your offer could run close to its end date. In some cases, lenders will agree to extend it, but this often depends on your circumstances and how much time has passed.
If you’re unsure about your mortgage offer’s expiry date, your mortgage advisor in Liverpool can talk you through your options and next steps. They can help check whether an extension is available or whether a new application might be needed.
Can anything go wrong after getting a mortgage offer?
Getting your mortgage offer is a major milestone, and in most cases, everything moves along smoothly from here. Once your solicitor is handling the legal work and your offer is in place, you’re well on your way to completion.
There are still a few things to be aware of that might affect the timeline. Lenders may complete final checks before releasing the mortgage funds. This is routine, but it’s best to keep your finances steady during this time. Holding off on taking out new credit or making major changes to your income can help avoid delays.
Sometimes, your solicitor may raise last-minute legal queries, or something from the property survey may need clarification. These situations are rare, but if they do come up, your mortgage advisor and solicitor are there to help guide you through.
Whether you’re moving home in Liverpool or looking to remortgage in Liverpool, knowing how the final stages work can make everything feel more manageable.
What happens on completion day?
Completion day is when everything comes together. Once the mortgage funds are released to your solicitor, they’ll transfer the money to the seller’s solicitor, and the property officially becomes yours.
Your solicitor will confirm once the funds have cleared and the keys can be collected. This is usually done through the estate agent, and you’ll be able to move in once everything is finalised.
Completion often happens a few days to a couple of weeks after contracts are exchanged. Your solicitor will confirm the exact date in advance so you can get ready for the move.
At this point, your mortgage is in place, your name is on the deeds, and you can begin settling into your new home.
Date Last Edited: May 22, 2025
