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Mortgage application turn around times
mcduff16
Posts: 498 Forumite
Hello
Is there anyway to compare all the leading lenders and their turnaround times when applying for a mortgage? Thanks
Is there anyway to compare all the leading lenders and their turnaround times when applying for a mortgage? Thanks
0
Comments
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Not without ringing them. They will fluctuate depending on how busy they are.
Generally speaking it seems to be between 1 and 3 weeks from application to offer - presuming they have everything they need. It can be much quicker if the LTV, credit score and affordability all easily fit... likewise it could be a lot longer if they want further evidence of things.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
at the moment Nationwide are upto 21 days behind and thier sister company (The mortgage works) a number of the others are approx 3 to 5 working days behind and some are right up to date. Do you need something quickly then ?I am a Mortgage Advisor. You should note that this site does not check my status as a Mortgage adviser, so you need to take my word for it. This signature is here as i follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldnt be seen as financial advice.0
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