Leeds building society waiting for mortgage offer

koexelek

Ftbuyer wrote: »

They have just come back asking for more documents....no surprises there! Just hope it won't take another 6 days for them to look at them.

It almost certainly will


Sent them something last Friday ( last thing needed on a case) and they said they won't look at it till this coming Friday :mad:

barmybeetroot

Gosh, i'm wondering if I should not bother getting the reports done and try our luck with another lender? If we do that we loose over £500 in fees and cost of survey.

If we go down the route of getting the surveys, we run the risk of loosing more time and money if the LBS are not happy with the surveys.

Sorry to hear that others are having problems too:mad:

kazza85_2

I can sympathise with you a lot here. I am having the same problem with Newcastle Building Society. Mortgage application has been in since the end of January and they keep coming back asking for further documents and taking weeks to decide what else they need.

I'm told they are also not coping with the demand for their product.

Starting to get quite anxious now!

Ftbuyer

Sorry to hear you are going through it too. It's really stressful waiting so long as even if you are pretty sure they have no reason to decline you, you can't help wondering what's taking so long. In the meantime the solicitors and surveyors fees are adding up.

It would be so much easier if they could just look at what documents are needed from the beginning rather than wait a week before contacting you for more documents.

We submitted some further documents to Leeds on Friday so hoping to hear back sometime this week. Hope you do too.

I guess if we get the good rates in the end it will be worth it but I just wish I'd known at the beginning it would take so long. After the survey had been done a month ago they told us we'd have the offer within 48 hours!

koexelek

They seem just over a week behind now.
e-mailed them the last remaining document a week last Friday... offered today

kazza85_2

We had thought the process would be a bit quicker but oh well you live and learn! Fingers crossed for a decision for us both soon. Apparently, we are one final document away from approval so just waiting on our Landlord to provide a reference now.

Ftbuyer

Finally got our mortgage offer through from Leeds today. It's been a long wait - at least six weeks, and over a month since the valuation came back OK - but it's a huge relief to have it sorted.

Apparently they are getting in extra staff to cope with demand so hopefully they won't keep others waiting as long.

Good luck to everyone going through the same process...it's worth it in the end!

geek83

Congrats on getting your offer!!

We are a week into waiting to hear back from Nationwide, it's driving me mental!

zarf2007

kazza85 wrote: »

I can sympathise with you a lot here. I am having the same problem with Newcastle Building Society. Mortgage application has been in since the end of January and they keep coming back asking for further documents and taking weeks to decide what else they need.

I'm told they are also not coping with the demand for their product.

Starting to get quite anxious now!

Hi Kazza85,

We are also in the process of applying for a mortgage through the Newcastle Building Society..We have each provided the standard ID documents, copies of last 3 months payslips and P60 along with a years bank statements to show my rent being paid promptly on my current tenancy but wondering what else they would ask for....

our deposit is a combination of savings and gift from parents so I suppose they could ask for evidence of this, did they in your case? and if they do does that mean i need 6 months of my parents bank statements or do you think a letter stating the 'gift' would be good enough?

any insight you can give to the process would be appreciated...I'm hoping they dont take too long but have been told that due to the 'high' demand for the FTB product they are taking 6-8 weeks to process to offer.....

also other wierd thing is despite receiving a AIP from them, when I checked my credit file I could see no sign of them checking me or my wifes credit files.....surely they would do that up front?

thanks
Zarf

kazza85_2

Congrats on your mortgage offer.

Hi zarf.
We were also asked for a year's bank statements to show proof of rent payments as well. There was a slight complication with ours however as we decided one month last year to change the date we paid rent from the end of the month to the 1st. It therefore appeared that we hadn't paid rent one month so NBS decided they wanted a reference from our Landlord.

It took them 2 weeks to decide they wanted this and a further few days for them to actually send the reference out. The Landlord received it at the weekend and this is apparently the last thing they need to get the offer out the door.

On the deposit question, we haven't been asked to show proof of this (yet!). We are about 6 weeks into our application at the moment but thankfully our move-in date is still 2 months away.

We didn't get AIP before applying but we have checked our credit report and it shows they did check our score at the end of Feb.

Our mortgage advisor has ended up putting in an official complaint due to their poor service to date but you never know they may be able to process yours quicker!