Abbey mortgage waiting time

luckyfool

Abbey are either very quick or very slow to be honest. Straightforward low loan to value low risk cases are more likely to sail through quickly. I have had cases recently get to offer within a week of application.

diana-april

Our buyer is hoping for a mortgage with the Halifax and was also asked to supply additional documents. We have been waiting for 4 weeks for Halifax to instruct the surveyors and we know that nothing will move forward until the Halifax have a survey / valuation and then decide if they will offer our purchasers a mortgage. Our EA is on the phone constantly to the purchaser and their financial advisor.

We have put an offer on another property and had a survey carried out. Thankfully we don't need a mortgage.....but we worry if this sale and purchase will all go through.

We have considered putting the house back on the market but then we feel we may be back to square one.

I would be grateful for some thoughts or advice on this one. At the moment we feel frustrated and disheartened.

sarah77

waynehayes wrote: »

Well, we had a phone call yesterday and the valuation was done this morning. The valuer said there are no problems, so hopefully everything will be OK.
I know all circumstances are different, but how long can we expect the conveyancing to take? Apparently the searches have been done, but that's about it.

Glad to hear things are finally happening. This is probably a rare occurance but once we had the mortgage offer it was less than 2 weeks until completion for us. Mainly because the vendors solicitor wrote to our solicitor saying if we didnt complete by a certain date they would put the house back on the market. Our solicitor just said 'ok lets complete in a week' and it more or less was! I was quite amazed!

unite79

Sorry to be the bearer - Halifax instuct survey straight away - ie its the 1st thing they do.

koexelek

luckyfool wrote: »

Abbey are either very quick or very slow to be honest. Straightforward low loan to value low risk cases are more likely to sail through quickly. I have had cases recently get to offer within a week of application.

Agree. There's no inbetween these days. they are either ultra fast, or ultra slow

LivC_2

We've been waiting 13 weeks for our mortgage application with Abbey. We've called their rubbish call centre on a daily basis, spoken to supervisors, written 2 (unacknowledged) complaints letters, and been into the branch twice. Our application's been declined twice by the underwriters on the basis they can't find me on the electoral roll at our current address. I've sent them proof from the council that I'm on the voter's roll, sent them my Experian report, but they say their new computer system isn't flexible enough to cope with our current address (it's known by 3 different names - Flat 3, Flat 4 & 2nd Floor Flat). We are desperate for someone to take ownership so someone in a local branch is trying to put through a second application for us. We'd love to go elsewhere as we are probably about to lose our buyer and house, but we'd have to pay them £1900 redemption fee on our current mortgage - yes we are already customer's of the Abbeys!!

dippydog_2

diana-april wrote: »

Our buyer is hoping for a mortgage with the Halifax and was also asked to supply additional documents. We have been waiting for 4 weeks for Halifax to instruct the surveyors and we know that nothing will move forward until the Halifax have a survey / valuation and then decide if they will offer our purchasers a mortgage. Our EA is on the phone constantly to the purchaser and their financial advisor.

We have put an offer on another property and had a survey carried out. Thankfully we don't need a mortgage.....but we worry if this sale and purchase will all go through.

We have considered putting the house back on the market but then we feel we may be back to square one.

I would be grateful for some thoughts or advice on this one. At the moment we feel frustrated and disheartened.

We applied for a mortgage with Halifax last Thursday and the survey was done today - so 2 working days later effectively...

BRADDY_3

We have been waiting for our buyers Abbey valuation on our house for 10 weeks. Got it back undervalueing by £5k.

Looks like our house sale is about to fall through. We have taken a price cut anyway, we cant afford to give away £5k to our buyers.

COMPLETE NIGHTMARE!!!

mc711111

went through l&c for mortgage from abbey

l&c said abbey were taking about 10 days to issue an offer

got my offer today after about 10 days of sending in my payslip