Clydesdale Mortgage Application to Offer Timeline via broker

srik

I am just trying to find out exactly how long on average Clydesdale bank are taking for mortgage applications made through broker. I have heard they can be very slow compared to majority of lenders

Our Time Line
Application made by Broker: 18/06/2018
Valuation Instructed on: 20/06/2018
Valuation Booked on: 21/06/2018
Valuation Date: 27/06/2018
Verbal Confirmation of Satisfactory Valuation: 29/06/2018

Moo437

We!!!8217;re also waiting on a decision from Clydesdale but they seem to process different applications in different orders - I!!!8217;m wondering if it depends on whether you!!!8217;re paying for the valuation yourself or not (we aren!!!8217;t!) - our timeline so far:

Application submitted via broker: 31 May
Credit check done: 11 June
Picked up for underwriting: 13 June
Valuation instructed: 19 June

And that!!!8217;s it so far .......

amnblog

Stone Age processes so an accurate timescale difficult.

Expect to exercise some patience.

srik

Moo437 wrote: »

We!!!8217;re also waiting on a decision from Clydesdale but they seem to process different applications in different orders - I!!!8217;m wondering if it depends on whether you!!!8217;re paying for the valuation yourself or not (we aren!!!8217;t!) - our timeline so far:

Application submitted via broker: 31 May
Credit check done: 11 June
Picked up for underwriting: 13 June
Valuation instructed: 19 June

And that!!!8217;s it so far .......

Did you have to pay for your valuation? We were given a free valuation by the bank

Moo437

Yes ours was free as well but they seem to have credit checked and underwritten before valuation with ours - Every post I have read about Clydesdale seems to say different!

Mortgage_Adviser

Clydesdale are one of the slowest lenders in my experience so I would only use them when I absolutely have to.

srik

Any update on yours

srik

srik wrote: »

I am just trying to find out exactly how long on average Clydesdale bank are taking for mortgage applications made through broker. I have heard they can be very slow compared to majority of lenders

Our Time Line
Application made by Broker: 18/06/2018
Valuation Instructed on: 20/06/2018
Valuation Booked on: 21/06/2018
Valuation Date: 27/06/2018
Verbal Confirmation of Satisfactory Valuation: 29/06/2018

Our Time Line- Lender: Clydesdale
Application made by Broker: 18/06/2018
Valuation Instructed on: 20/06/2018
Valuation Booked on: 21/06/2018
Valuation Date: 27/06/2018
Verbal Confirmation of Satisfactory Valuation: 29/06/2018
Telephone Call from Broker to advice that file passed to underwriter: 02/07/2017
Hard Credit Check on Experian- 02/07/2018
Phone Call from Broker advising underwriter requesting additional documentation-05/07/2018
Additional Documents submitted-05/07/2018
Recevied Email and Phone call from Broker to advice application approved-09/07/2018

dinkylink

srik wrote: »

Our Time Line- Lender: Clydesdale
Application made by Broker: 18/06/2018
Valuation Instructed on: 20/06/2018
Valuation Booked on: 21/06/2018
Valuation Date: 27/06/2018
Verbal Confirmation of Satisfactory Valuation: 29/06/2018
Telephone Call from Broker to advice that file passed to underwriter: 02/07/2017
Hard Credit Check on Experian- 02/07/2018
Phone Call from Broker advising underwriter requesting additional documentation-05/07/2018
Additional Documents submitted-05/07/2018
Recevied Email and Phone call from Broker to advice application approved-09/07/2018

Thanks srik, useful to know as I applied for a mortgage with Clydesdale through a broker last week

srik

dinkylink wrote: »

Thanks srik, useful to know as I applied for a mortgage with Clydesdale through a broker last week

Received PDF copy of formal offer by email from broker on 12/07/18

Moo437

We!!!8217;ve still not heard after applying 31 May - approaching the 7 week mark now. Broker keeps saying it!!!8217;s normal nothing to worry about but we!!!8217;re getting really stressed out with the whole process now!