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woolwich timescales

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glimmerofhope
glimmerofhope Posts: 588 Forumite
in Mortgages & endowments
Hi All
Just looking for more information on Woolwich

Received our AIP 1/9
The full application was submitted 16/9

What timescales could we expect to hear back on the valuation and then the decision

Thanks
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Comments

  • ACG
    ACG Posts: 24,555 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    http://www.woolwichintermediaries.co.uk/Mortgages/IP1242620065995
    Scroll down and you will see timescales.
    I am a Mortgage Adviser
    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.
  • LeoTLion
    LeoTLion Posts: 128 Forumite
    We were porting/getting additional borrowing so not sure if our timescale would be indicative as we were existing customers.

    Our application went in on 14/8
    Valuation requested 18/8
    Fee taken 20/8
    Valuation completed 3/9
    Offer received 8/9
  • David_White
    David_White Posts: 892 Forumite
    Fourth Anniversary 500 Posts Combo Breaker
    Woolwich are pretty quick.

    Assuming all is well you should have your mortgage offer within 10 days of putting the application in.

    Good luck :)
    I am a Mortgage Broker
    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • Zaf123
    Zaf123 Posts: 4 Newbie
    My experience of woolwich

    11/11
    Application submitted in full
    12/11 - documents request
    13/11 - all requested documents sent
    14/11 - text regarding valuation booked for 17/11
    18/11 - valuation report back - (undervalued)
    20/11 - proof of overdraft requested
    24/11 - another issue arose. clarified. back for assesment
    27/11 - woolwich advised we need to get a wall tie survey
    02/12 - sent wall tie report to woolwich (showing cost of 500 to rectify)

    currently waiting for mortgage offer.

    In my experience they come back fairly quick. but ask for information in dribs and drabs. why couldnt they fore example tell me i needed a wall tie survey on the 18th when they assesed the valuers report.

    we are all ready to exchange and complete (need to complete before xmas) but mortgage offer holding things up
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