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Yorkshire Builsing Society Mortgage

Flakey

Flakey Posts: 27 Forumite

10 September 2013 at 7:19AM in Mortgages & endowments

Hi
I am looking to buy a property at auction - I have a AIP from Yorkshire BS for a mortgage on my current property which is mortgage free - the money I raise will pay for the new property outright.
My concern is the turnaround time for YBS to get the mortgage sorted within the 28 days of the auction ending (assuming I get the property).
Does anyone have recent experience of YBS and how long they take to process an application??

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Comments

Dave_Ham Posts: 6,045 Forumite

10 September 2013 at 8:29AM

When is the auction, YBS are not known for speed.

I am a Mortgage Broker

You should note that this site doesn't check my status as a Mortgage Broker, 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.

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ACG Posts: 24,954 Forumite

10 September 2013 at 9:20AM

Accord are a subsidiary of YBS... they are an absolute nightmare!

I would personally use a different lender.

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.
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Flakey Posts: 27 Forumite

10 September 2013 at 9:58AM

Hi thanks for replies
The auction is on 30th Sept - I have applied to YBS direct not one of their subsidiaries

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kingstreet Posts: 39,445 Forumite

10 September 2013 at 10:49AM

I would not bid unless I had the mortgage offer in my possession.

I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.
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