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Mortgage Approval Barclays Bank?

richieandfay
richieandfay Posts: 43 Forumite
edited 21 July 2016 at 5:33PM in Mortgages & endowments
Hi everyone,

Does anyone know how long it takes to get a mortgage approved after completing the full application with Barclays?

Anyone with previous experience would be grateful.

Thanks

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Too many variables involved to have a fixed timescale.
  • Joy_mate
    Joy_mate Posts: 82 Forumite
    edited 21 July 2016 at 5:51PM
    When I took first time, in 2014 - I have got accepted in 5 weeks. (With the help of broker)
    Again remortgage with further advance this year - total 11 working days including valuation from them. (Without broker) even I was shocked.
    However it totally depends on many factors like valuation time, availability of all the info required, and amount too
    Best of luck.
  • richieandfay
    richieandfay Posts: 43 Forumite
    Thanks Joy_Mate, sounds like I might be in for a long wait then. It's painful waiting, and stressful.

    Nothing is easy.....
  • Joy_mate
    Joy_mate Posts: 82 Forumite
    And one more factor to add, if someone is EU applicant and applying for first time than it does take many weeks now just to think (for lenders)
    Also affordability is above par than nothing to worry...just wait for text message from Barclays. Keep ur mobile on....
  • ACG
    ACG Posts: 24,897 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Most lenders get offers out within 2 weeks.
    But it all depends on the lender, the applicant and the surveyor.
    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.
  • kells1232002
    kells1232002 Posts: 62 Forumite
    We went in branch last Wednesday (13th) and went through application. The application was sent off the following day and valuation was booked within hours. Valuation took place Tuesday (19th) and sent back to Barclays yesterday (20th). Barclays have approved it and track it says that they are waiting to send out offer. Checked with the lady in branch and she has said waiting for underwriter to sign off and then send offer, which can take up to 5 days. All very quick so far so fingers crossed...
  • kells1232002
    kells1232002 Posts: 62 Forumite
    Just an update - we received a text today to say Mortgage offer has been issued. So just under 2 weeks from appointment to offer. Good luck.
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