Once your valuation has been done, your next step is to get your formal loan offer letter from your bank or building society.
If you are using a mortgage broker they will take care of this step for you, or if you are organising your mortgage directly with a bank/building society you just need to contact them and ask them to do it for you.
At this stage they will again want to check your financial details, and may ask you for bank statements for the period between your initial approval in principle and now. It took about 4 working days for us, which I believe is normal. However it can take a little longer so allow about 2 weeks.
You will be sent a copy, and your solicitor will also be sent a copy. It is quite a big document, but it is well worth reading through it all to be sure you know what you are getting. Your solicitor or mortgage broker should be able to answer any questions you have.
The copy your solicitor receives will ask them to proceed with the legal formalities and will usually give you 30 days to do so. Hopefully your contracts will arrive about the same time as your letter of offer.