mortgage application how long does it take?

drum123

i would really appreciate advice on how long a mortgage application usually take for a decision to be made? application submitted last week?

VIGILANT22

Who was the lender and did you use a broker?

triggerhappy_2

Just a bit of anecdata:

My mortgage application was submitted on 25/2/10 to Nationwide through a broker and was approved today (11/3/10).

Good luck with yours, I hope it comes through soon

drum123

hi thanks for reply. using mortgage adviser and halifax lender

VIGILANT22

If it's a decision in principle you shoula have rcvd it by now
If confirmation of the offer, if straight forward a couple of weeks from submission

drum123

hi, i have had the dip approved last week they asked for last payslip and p60's yest.

Hauzen

I had a mortgage issued from Halifax yesterday.. application went in at the beginning of February, and it would have been issued in about three weeks if my employer hadn't caused a two week delay by not returning a form promptly. It took 33 days for them to approve my application including the delay, so if everything goes smoothly for you then it could be considerably shorter than that.

Dr_Eye

With Nationwide it took 9 days from application to offer, obviously including the valuation. Valuation was carried out within 7 days of initial application and the valuer agreed with the selling price. :j

Compare this with Ing Direct - it took them 9 days to get the key facts out to me!!

JA1000

With A & L it's now over a month and still going..........but that's another thread!!