Buy to Let mortgage process

hayleyjane82

So part two of my question tonight (part one was about nationwide being painfully slow on my buyers part)......is the process for a buy to let mortgage slower/more convoluted? What's the general feeling about time from application to valuation? I'm starting to wonder whether we need to be pushing our buyer harder to hassle nationwide......

anselld

BTL should usually be quicker / less convoluted as it is less strongly regulated than residential.

Not sure about Nationwide specifically, but a week or two from application to valuation would seem normal.

kingstreet

Nationwide don't offer BTL mortgages.

If it's The Mortgage Works, Nationwide's off-balance sheet subsidiary which is a popular BTL lender it has its own processes and employees, not the same as Nationwide's.

nubbins

I just did a BTL with Clydesdale using my own broker. Super easy, pay slips, bank statements, proof of deposit and a few other bits, no problems with lender valuation and from application to offer was about 6 weeks I think

amnblog

BTL mortgages are usually swifter to underwrite. Particularly since brokers are often involved.