We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Leeds Building Society mortgage process?
Cath_sandler
Posts: 4 Newbie
Have applied for a mortgage (via broker) with Leeds Building Society.
We had the AIP weeks before we reserved a shared ownership property.
The broker has informed us that Leeds approved the full application pending successful valuation.
As we are buying a new build we have only 28 days to get to exchange - so we’ve gone ahead and instructed solicitor for fear of losing the house altogether.
I am aware that our mortgage could be declined, but does anybody know when we are likely to have our offer letter if it’s accepted?
Submitted application on 4th July and received acceptance pending valuation on the same day. I am just concerned as they haven’t been in touch at all and 5 days have passed! We are set to exchange 9on 28 July :eek:
Thanks in advance
We had the AIP weeks before we reserved a shared ownership property.
The broker has informed us that Leeds approved the full application pending successful valuation.
As we are buying a new build we have only 28 days to get to exchange - so we’ve gone ahead and instructed solicitor for fear of losing the house altogether.
I am aware that our mortgage could be declined, but does anybody know when we are likely to have our offer letter if it’s accepted?
Submitted application on 4th July and received acceptance pending valuation on the same day. I am just concerned as they haven’t been in touch at all and 5 days have passed! We are set to exchange 9on 28 July :eek:
Thanks in advance
0
Comments
-
A few days after the valuation report is returned to the lender.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
-
Hi just wondering if you got everything passed ok with LBS?
We applied on the 8th and got a phone call from the surveyors/valuers today!
Just wondering what stage of the process is this? Seems a bit quick!0 -
I don't know if thhis will help you but here is my process so far!
02/08/2018 Decision in Principle received
03/08/2018 Full Application in aswell as ID, 3 month wage slips and bank statements
07/08/2018 Valuation of the property performed
08/08/2018 Confirmation that valuation came back at price paid £180,000
09/08/2018 LBS requested two wage slips that I had missed in my submission
10/08/2018 Requested wage slips submitted!
14/08/2018 Satisfactory application and now to the underwriters
16/08/2018 LBS request signed declaration of who will resides in the property, completed and submitted.
Now in the waiting game!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards