How long will my mortgage take now?

bethg2009

Hiya all!!!

We've just been offered a mortgage (in principal) from Northern Rock, all our documents have been signed and certified, proof of income, payslips etc have been sent verified and returned to us.
Does anyone know what the next step will be or how long it is likely to take now?

Thanks

scotty_lawrie

Hey, i did the same on tuesday , and they received all my documents yesterday im with NatWest. they said i would have a decision by close of play today. but they forgot to check if my signed agreement form was there so i should now here on monday ! wouldnt think it would take more than a week for u to hear keep us posted

bethg2009

Ooohhh hope so scotty I'm getting too excited and don't want my hopes dashed, can't remember how long last one took (was 12 years ago mind you) I just want it done and dusted, everything was so straight forward, apart from the life assurance, it seems like we have had a new document to sign every other day for the last 2 weeks, but hopefully thats sorted now too.

scotty_lawrie

oh i know the feeling Bethg. this is my first purchase so its all new to me . i could have killed the bank today when they told me they hadnt received my signed agreement form. hopefully they should have it by monday. they told me they were happy with everything else but need my approval before they can make a decision so hopefully that means a yes ! tho i still have agres to keys date (28th may) but i cant wait!

im sure u will hear within the week! i will keep my fingers crossed for u ! it seems to be so hard to get mortgages these days lol i remember when some of my pals were getting 120% mortgages lol . those days are long gone ...rightfully so but even 100% would be better! haha never mind

bethg2009

I'm hoping to have heard something by lunch time tomorrow, we went through L&C brokers, so if nothing in post I'm gonna give them a tinkle.

Babiesmummy_2

I requested my new mortgage with Northern Rock last Tuesday, everything was submitted and I had a letter today confirming that "funds had been allocated to you at this rate" and they have instructed a valuation on our new property and will be in contact when they receive the report.
I also had an alert on my credit file yesterday which I am presuming is Northern Rock.

........Just noticed the letter was dated 31st Mar, (arrived today) the day after we submitted the application.