4 possible mortgage providers - any tips?

Legacy_user

I'm thinking of moving house and there are 4 providers with similar mortgage offers - HSBC, Halifax, Nationwide and the Post Office.

Ideally, I'm seeking (recent-ish) experience of ease of the approval process, speed etc of the above 4 providers...

Thrugelmir

If you haven't sold your house then the question is subjective. As the options may well have changed by the time you have.

System

Thanks but I was probably unclear.

I'm thinking in terms of i've not got my new mortgage arranged nor found my next property yet. My existing property is (essentially) sold.

Thrugelmir wrote: »

If you haven't sold your house then the question is subjective. As the options may well have changed by the time you have.

amnblog

Without understanding your situation none of us can assess if you will be approved by any of these lenders.

One client may be accepted in 7 days, another declined on day 1 or day 55. Their experiences will be of little value to you. Only your situation is relevant.

System

It's not an approval question as I believe that I should be ok.

It's if a provider is better avoided due to mistakes, slow processing etc - the kind of thing people with recent experience have

amnblog wrote: »

Without understanding your situation none of us can assess if you will be approved by any of these lenders.

One client may be accepted in 7 days, another declined on day 1 or day 55. Their experiences will be of little value to you. Only your situation is relevant.

Thrugelmir

Heng_Leng wrote: »

It's if a provider is better avoided due to mistakes, slow processing etc - the kind of thing people with recent experience have

What mistakes do lenders make?

kiddakidda

I know what the guys are saying here but I believe your question is do any of these lenders have any current delays in processing?

I received my formal offer from NW this morning after the initial application was made on 05/08 so roughly 8 working days.

I had also spoke with Post Office previously who admitted at least a week in processing delays and Chelsea who advised 5 weeks from application to offer.

Just my experience and as already pointed out will be different for every case.

All The Best

amnblog

Heng_Leng wrote: »

It's not an approval question as I believe that I should be ok.

You are at liberty to believe what you wish, but every case is an approval question.

System

Thanks for the info.
I am just trying to get an idea of the current market.

kiddakidda wrote: »

I received my formal offer from NW this morning after the initial application was made on 05/08 so roughly 8 working days.

I had also spoke with Post Office previously who admitted at least a week in processing delays and Chelsea who advised 5 weeks from application to offer.

blinko

Does anyone know if there are time limits between applying and re-applying for a mortgage with the same lender?

jacobtheamish

Thrugelmir wrote: »

What mistakes do lenders make?

Basic maths
Not understanding a bank statement
Losing documents
Issuing mortgage offers with incorrect names, solicitors, loan values

I'm sure there are others