Clydesdale - Mortgage Process

bassettof2

Hello - I've currently got a FTB mortgage application in with Clydesdale (application submitted just over a week ago) and am anxiously waiting for any sign that my application is progressing. They've just asked for payment details for the valuation survey. Anyone know if this is a good sign (i.e. is it any indication that I've already passed credit/affordability checks etc) or something that they always ask at the start of the application process?

Many thanks in advance.

Thrugelmir

If the property doesn't meet lending criteria. Then there'll be no offer. Just another step in the process.

bassettof2

Timeline so far in case there are any other FTB's going with Clydesdale:

Full application submitted through broker - 4 October
Asked for card details for survey - 11 October
Survey undertaken - 13 October.

Now we wait...

Levs01

We not FTB but remortgaging a BTL. We got our offer today. 20 weeks after first application. Ours was very long but they are a slow lender so be prepared to wait.

Good luck

Levs01

Oh and as for processes, they'll look at your app. See if anything immediately obvious that would be a no go. If not they instruct a valuation befor they do anything. Once that is fine they'll look at the underwriting. If the figures add up they will then credit score you. They will then raise any queries against the credit score. If all of that meets their requirement you'll get your offer.