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Barclays Mortgage Application
Betty701
Posts: 3 Newbie
Hi,
I wonder if anyone can help. We applied via a mortgage broker last Wednesday and he told us the application had been pre approved and we would hear confirmation of full approval in 7 days. We have no facility to track it ourselves and have not had any dealings with Barclays ourselves. When the broker applied last week would he have received any more information. What does pre approved mean is this a DIP?
We are using the HTB scheme as buying a new build house. House price is £359,995 HTB contribution £71.999 and our deposit £50,001 so looking for a mortgage of £237.995. So from an affordability point of view we are ok.
I wonder if anyone can help. We applied via a mortgage broker last Wednesday and he told us the application had been pre approved and we would hear confirmation of full approval in 7 days. We have no facility to track it ourselves and have not had any dealings with Barclays ourselves. When the broker applied last week would he have received any more information. What does pre approved mean is this a DIP?
We are using the HTB scheme as buying a new build house. House price is £359,995 HTB contribution £71.999 and our deposit £50,001 so looking for a mortgage of £237.995. So from an affordability point of view we are ok.
0
Comments
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Yes, pre approved is a dip.
Did he/she mean 7 days (tomorrow) or seven workings days (Friday).
Either way you should have an update this week.
Have you applied for the equity loan and received your Authority to Proceed?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.0 -
7 working days so Friday we should have an answer on the credit side of things and then they will arrange the valuation. Yes we have already received our authority to proceed from the HTB scheme.0
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There you go then.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.0 -
I!!!8217;ve been checking my online report and so far no sign of a search on either Experian or Equifax. So fingers crossed for news on Friday. I guess I!!!8217;m worried as i!!!8217;ve read a few horror stories on line about Barclays and time scales.0
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