** aldermore mortgages ** do not use **

Willis14

Can anyone help how quick are aldermore they have been really quick with our application up till now we spoke to our broker yesterday who said application is at its final stage just waiting for decision how long would this take we are due to sign our contracts tomorrow as we are buying a reposession and they have given us a dedline to complete

muners

Willis14 wrote: »

Can anyone help how quick are aldermore they have been really quick with our application up till now we spoke to our broker yesterday who said application is at its final stage just waiting for decision how long would this take we are due to sign our contracts tomorrow as we are buying a reposession and they have given us a dedline to complete

Ours took just under four weeks, genuinely had no issues, our broker was really happy with the rate deal they offered. I would recommend to anyone, in my experience they were there when we needed them and have had no problems whatsoever. We brought a repo house too and daily phone calls from our broker got the paperwork through and the deal done with two days to spare.

Willis14

Looks like we wont be able to sign our contrats for the house as we havnt heard anything from broker today and we are due to sign tomorrow so stressed out with it all

ACG

When did aldermore get the last documents/valuation from you?

They currently have a 12 working day backlog from that date.

Willis14

Valuation was done a few weeks ago we sent rest of the documents last tuesday rang them up on friday said they were behind by 3 days and would be looking at our application on tuesday which they did as our mortgage advisor said he had an email saying all fine and he just said its in final stage so dont no what final stage is maybe them to decide yes or no

ACG

Theyre massively behind at the minute. So they have someone checking everything is in and then the next stage is everything gets signed off and an offer comes through.

I dont think you will get an offer until around tuesday-thursday next week.

Willis14

Oh no that really worrys me as we go on holiday for two weeks on friday so basically we will have to just loose this house and re find another when we are back with it been a reposession everyone is waiting for us to proceed

ACG

You dont need to be in the country. You will get the offer through and it will go to your solicitors. Assuming you have completed the paperwork your solicitor sent you then they can start the work.

Just speak to your solicitors, ask them if they have everything they need to start their job once the offer comes through.

Willis14

Oh ok thanks we give solicitors a ring tomorrow thy have done all searches etc we had a letter from they saying they can go ahead when they have recieved proof of offer will give them a call to check and maybe get in touch with our mortgage advisor hopefully the bank selling yhe house will wait for us to recieve the offer just we wont be able to sign the contract as we are on holiday for two weeks

ACG

Dont forget, if they pull out for you they have to put the property back on the market, wait for viewings, offers, negotiations, valuations etc just to get back to the point you are at now - so they will most likely give you some leniency.

Speak to your solicitors, once the offer comes through they will be able to do their checks without you there. Sign your contract subject to any questions you/they raise and they can complete whilst your away.

The trick is to just be prepared, you will be fine.