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Quick question - Aldermore timings - from application to offer?
starrybear
Posts: 102 Forumite
Hi,
Does anyone know how long the process is taking (HTB equity loan application) from initial application to offer, at the moment?
Many thanks,
SB
Does anyone know how long the process is taking (HTB equity loan application) from initial application to offer, at the moment?
Many thanks,
SB
0
Comments
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Anyone?
Our application went in last Tuesday (12th) but we've not heard anything since, even about the valuation.
Our broker says everything is fine, but I've heard that several times now, from several brokers :-(
Would I have heard about a valuation by now if everything was ok?
Thanks0 -
Where I work the current average with Aldermore is 14 days from application to Offer.I am a Mortgage BrokerYou 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.0 -
Thanks David. At what point during those 2 weeks is the valuation instructed please?
I'm only fixating on that, as I've heard that once it's been ordered, it's practically a done deal...0 -
As there is no way of knowing if the valuation is going to be done two days after the application or two weeks (surveyor availability for the area in question?) it's virtually impossible to speculate.
Ask the site to let you know when they've had a call for access and the confirmed inspection date then you'll be able to work out the earliest offer date (two to three days from the date of the inspection.)I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
That's helpful kingstreet - thank you0
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Hi, I had DIP with Aldermore 14/7/16, full application 15/7/16 and heard back this week (Tues 26/7/16) about the documents the underwriters would like to see and that valuation is now being instructed. Have you heard anymore? Mine is a new build HTB mortgage guarantee rather than equity loan but am worried about valuation as its a flat conversion near warehouses ��0
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Rule 1
Trust your Broker
Rule 2
Do not chase the lender direct yourself
Rule 3
Trust your brokerI 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.0 -
I have gone direct as both brokers I initially sought advice from weren't very good :eek:0
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Also, valuation done today (I called the estate agents). MA at Aldeemore said she's let me know when the report is in.0
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