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Barclays Valuation Timeframe?
macca2424
Posts: 26 Forumite
Hi,
I submitted my application to Barclays via a broker on June 16th, I had a hard search on my credit file appear the same day and I was told on the 26th that they had all the documents they needed from me and were just waiting on the valuation. I’m using HtB and the authority to proceed was issued on the 26th as well. Apart from using HtB the rest of the application is pretty straightforward (employed in the NHS, no furlough or change in circumstances due to COVID-19 etc).
I submitted my application to Barclays via a broker on June 16th, I had a hard search on my credit file appear the same day and I was told on the 26th that they had all the documents they needed from me and were just waiting on the valuation. I’m using HtB and the authority to proceed was issued on the 26th as well. Apart from using HtB the rest of the application is pretty straightforward (employed in the NHS, no furlough or change in circumstances due to COVID-19 etc).
When I chased up the valuation with my broker on Friday they said that they still hadn’t been given a valuation date from Barclays, any idea how long it normally takes at the moment for one to be booked in?
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Comments
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Hi there! If you look back through the forum you'll find an entire thread dedicated to physical valuations in the time of covid. I think it's been slow to pick up again what with the post lockdown backlog but is speeding up now.
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I’m with Barclays as well and quite similar timescale as you .macca2424 said:Hi,
I submitted my application to Barclays via a broker on June 16th, I had a hard search on my credit file appear the same day and I was told on the 26th that they had all the documents they needed from me and were just waiting on the valuation. I’m using HtB and the authority to proceed was issued on the 26th as well. Apart from using HtB the rest of the application is pretty straightforward (employed in the NHS, no furlough or change in circumstances due to COVID-19 etc).When I chased up the valuation with my broker on Friday they said that they still hadn’t been given a valuation date from Barclays, any idea how long it normally takes at the moment for one to be booked in?
ATP on 26/06
application and hard searches on 30/06
declaration E-signed on 2/07 .
House is completed and application is straight forward .
Did you have an update on underwriting? Our last update is :
”Your key facts illustrationCompleted: 04 Jul 2020 02:14 PM”
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We went with Barclays last year.
Mortgage AIP - 8 May 2019
Documents returned 7 May 2019
Offer 16 May 2019
Completion 5 July 2019 (A year ago today)1
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