Another FTB

lc87

im not sure if BOI do credit checks before survey? I had to pay for valuation as soon as my aip


ive checked a my credit reports and no sign of them checking it, which makes me think they do all that after the valuation.


can any brokers advise?

Thrugelmir

iwannabefree wrote: »

Now that the survey is done and hasn't picked up anything show stopping, and the valuation is fine, what are peoples opinions on us being offered the mortgage we have asked for having got to this stage?

Only your lenders underwriters will know the answer to that question.

vixst

I am also using L&C and am getting very frustrated. We have appllied for mortgage with Leeds BS. The initial mortgage advisor was very helpful but the case worker has been awful. She never gets in touch with us, we have to chase her to get any information at all. Worst of all we get conflicting information from the advisor and case worker... We were told on Friday by the case worker that our application was failing on affordability. We were very shocked and asked for more information on this. The advisor called shortly after and said it was a mistake and we were not failing on affordability, our student loans had been input twice so it looked like we had 4 loans!! Apparently this has been rectified but I am losing faith...

To make matters worse we get a letter from the EA at the weekend saying the property is being put back on the market. I assume this is because our mortgage application has taken so long. I am getting so frustated and worried that we will lose the property as L&C and Leeds BS aren't communicating with each other properly. My boyfriend ended up calling Leeds directly on Friday to find out what was going on as L&C were being so rubbish!

We haven't even had the valuation carried out yet, what are everyone's experiences in the time it takes from submitting the application to getting a valuation arranged? And to then getting a formal mortgage offer?

Thanks!

pepperpot2k

Our application went in on Tues 14th April. Our survey was done at some point last week and we are due to get a copy of it tomorrow. Time wise, it has been relatively quickly for us.

vixst

Wow that is quick! L&C have been useless today so am going to call Leeds directly when I get home to find out what is going on. Getting ready to hang on the phone...

pepperpot2k

I don't blame you. How long is it since your application went in? I have sent a few emails to check how things are going but I can't complain about the speed of things. Sounds like we have been quite lucky really.

vixst

The application went in on 10th April. According to L&C, they spoke to Leeds on 14th who said "this is in the queue to be assessed with 2-3 working days, the case will then go into underwritting assessment and assessed within a further 2-3 working days if Leeds require no further information they will then happily instruct the valuation."

They have already requested further information which we have supplied. We just have no idea what is holding up the valuation so I am going to call and see if I can find out, as my case manager at L&C seems to have no interest in doing so!

lc87

got an email from L&C today, our valuation was done last Friday and is with the underwriters, we should get an answer within 48hours.


application put in 2 april