Fastest mortgage application lender - Advice/info please

opinions4u

Don't forget, the easier the underwriting is the quicker things will be.

If something nasty turns up in the survey, don't expect a rapid offer. Repossessed properties may have something structurally wrong with them.

If you're borderline on the credit risk, don't expect a rapid offer.

If the verification of income etc supplied by you doesn't stack up, don't expect a rapid offer.

That applies to all lenders.

I'd cover your options here - try Halifax via a branch but also have a broker working on it too just in case. Might double your up front costs, but gives you a fall back position if something goes wrong.

If you're buying at auction, you're sitll legally committed to the purchase even if your mortgage finance falls through. Check with your solicitor what the potential cost of this could be.

mrsjanejane

A broker has come up with a reasonable rate with C & G but I am aware of what a previuos posted mentioned about being slow.

The broker said that they are quick as they do the verifying who you are elcetronically by using things like your passport number.

Has anyone else had experience of C&G?

_Andy_

My experience of C&G as a broker was that they were absolutely dire and probably the second worst after Woolwich. That said, they may well be quicker now, hopefully some brokers on there will be able to give you an idea.

koexelek

I used to love C & G when they deal with all the cases at branch level.

However, their service levels earlier this year ( when everything was centralised) dropped to an all time low.

If often took an hour to get through on the phone, and at once stages, cases were taking 14 days to be looked at.

I have avoided them since, but will use them again if they have their act together now.

Dan_1976

Bring back GMAC!!

All lenders are crap if low passes!

mrsjanejane

Can I apply for two mortgage applications at the same time as I am not committing to either (I am talking about the early stages up until an agreement in principal has come through and I have signed it and see who gets back quicker)

Your C&G comments have concerned me now as the broker said they are fine

minimike2

_Andy_ wrote: »

My experience of C&G as a broker was that they were absolutely dire and probably the second worst after Woolwich. That said, they may well be quicker now, hopefully some brokers on there will be able to give you an idea.

Nope they havent got any better.

The caseflow system cannot deal with the demand.

I dont use them due to the ongoing poor service and quite frankly thier rates just are not that good anyway.

themaccas

We recently got our mortgage with Halifax and did it all over the phone. We got our mortgage offer verbally straight away and confirmation by post the next day. Valuation was done within 5 days. They were very, very quick but it may have been helped by the fact we were existing customers moving to another property, I don't know. The Halifax have their faults at times but we have always found their mortgage business to be very efficient, we didn't even look at any other BS, bank or alternative mortgage offer (not very mse I know).

Dan_1976

Two weeks before I gave up FS I got a client wanting to buy a house and compete within 3 weeks!

I told them Halifax was the only lender I would trust as the mortgage was 90% ltv and 270k. I got an offer inside a week!

opinions4u

mrsjanejane wrote: »

Can I apply for two mortgage applications at the same time as I am not committing to either (I am talking about the early stages up until an agreement in principal has come through and I have signed it and see who gets back quicker)

Your C&G comments have concerned me now as the broker said they are fine

You can apply for as many as you like at the same time but:

1) Each will carry out a credit search, so probably best to stick to one or two at a time.
2) You may choose to pay two valuation fees to improve the potential speed of both - but you won't get refunded when you pull out.
3) Make sure you don't end up incurring double legal fees!