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
Barclays Mortgage Question
versace1888
Posts: 23 Forumite
Hi All,
We have had an AIP from Barclays for a mortgage for a new build home on Monday. We have a flat which we are part exchanging with the House Builder (Taylor Wimpey).
We've had the full application (from our mortgage broker) to fill in and sign, they've requested solicitor details, sort code & account details etc yesterday. So this will all supplied yesterday to them.
They've been out today to the site of the new build house to do a valuation on a similar property, as obviously our proposed house isn't built yet.
What I wondered is if anyone has any experience of the length of time it normally takes from having a valuation done to actually getting an offer? Also, has anyone any idea if it was a straight no for the application if they would even do the valuation at all? Or is the valuation just part of the process before it goes to their underwriters?
Any info/experience anyone can offer would be appreciated. The waiting game is the worst! Thanks!
We have had an AIP from Barclays for a mortgage for a new build home on Monday. We have a flat which we are part exchanging with the House Builder (Taylor Wimpey).
We've had the full application (from our mortgage broker) to fill in and sign, they've requested solicitor details, sort code & account details etc yesterday. So this will all supplied yesterday to them.
They've been out today to the site of the new build house to do a valuation on a similar property, as obviously our proposed house isn't built yet.
What I wondered is if anyone has any experience of the length of time it normally takes from having a valuation done to actually getting an offer? Also, has anyone any idea if it was a straight no for the application if they would even do the valuation at all? Or is the valuation just part of the process before it goes to their underwriters?
Any info/experience anyone can offer would be appreciated. The waiting game is the worst! Thanks!
0
Comments
-
Can anyone offer any advice on this please? Thanks0
-
The valuation is part of the overall underwriting process in assessing whether to offer you a mortgage.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.4K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards