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Mortgage promise now declined!

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Comments

  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Thrugelmir wrote: »
    Is the lack of lending capacity beginning to show? As time taken to process applications is growing.

    Or they are really busy due to great rates and plenty of applications?

    Underwriting process is not quick either. Tend to wait 7 days prior to underwriting.
    I am a Mortgage Adviser
    You 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.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    GMS wrote: »
    Or they are really busy due to great rates and plenty of applications?


    Amounts to the same.

    Membership of CML is down by over a third since 2008. With no sign of decline abating.
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