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Leeds BS should i be worried ?
BlackNoir2
Posts: 2 Newbie
On the advice of our broker my husband and I have applied for a 80% LTV mortgage with Leeds BS due to the % deals they are currently offering for first 3 months.
We have had the mortgage agreed in principle however I have read some horror stories over the last few days about this lender taking fees and then turning application down and taking ages in general to get things done! are these isolated or has anyone had any good experiences...am I worrying for nothing ?
We have had the mortgage agreed in principle however I have read some horror stories over the last few days about this lender taking fees and then turning application down and taking ages in general to get things done! are these isolated or has anyone had any good experiences...am I worrying for nothing ?
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People are more inclined to write negative reviews than positive ones. There will always be people who apply but do not get accepted, its your brokers job to do the best he can to ensure you will get accepted, although he can never put a 100% guarantee on it so there is the risk that you will lose the booking fee.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
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I always ensure I upload all the supporting docs at the time I submit the app. Leeds then takes about ten days before it even looks at the case.
However, they still usually manage to issue an offer within two to three weeks later, so not bad in the current climate.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.0 -
Is that 2-3 weeks after they have done the valuation/survey etc Kingstreet?0
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Leeds tend towards the pedantic in their processing and underwriting - I've never yet managed to get a case packaged to avoid at least one subsequent request.
They are always slow - but I did at least notice yesterday their service levels are at green for the first time in as long as I can remember.
They will only instruct valuation once they are happy with the applicationHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Yes. My last case was offered two weeks after submission and they didn't actually look at the case for the first week.
Leeds publishes a set of minimum requirements and I'm happy to say I've never been asked for anything more than what I supplied;-
http://www.leedsbuildingsociety.co.uk/introducers/pdf/Mortgage_Submission_Requirements.pdfI 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.0 -
[FONT="]We had a very good service with LBS, they were very quick and even turned round a new mortgage offer (due to problems with the property) in 24 hours at the last minute. Having a local office and mortgage advisor really helped.[/FONT]
[FONT="][/FONT]
[FONT="]*moving this weekend*
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