Anyone currently applying through Barclays? MA is off - need realistic timelines

BigBus2017

Quark998 said:

BigBus2017 said:

Wow that was quick...i too got a hard search on Karma. Iv applied for the same product as you. Today I signed the mortgage declaration this on was from Barclays. My LTV 39%. Checked on track it and everything is still blank and outstanding except we are reviewing your application and need some more information which has a green tick next to it. I’ve already signed the Barclays declaration online however still showing outstanding. 

By the sounds of it you applied direct? I never got access to Track It (I don't think), and I think my Mortgage Broker supplied all the information they might need together with the application or soon after - the signed declaration went back to him on Friday, and I assume he uploaded it immediately afterwards. Did you get a chance to submit your Payslip already for example?

Im using a MB, I have submitted all my documents to my MB before the application. However todays mortgage declaration was dated the day of the application. Not sure if my MB forgot to send it over via DocuSign and Barclays been waiting for that documents. I managed to find out the Application reference number on the mortgage declaration case ID: which has a bunch of numbers, look for the number 9 and followed by the rest of the number up stopping on the 10th digit eg
Case id: 1234912345678900
ur application ref : 9123456789
u can use it to track it. 

Quark998

BigBus2017 said:

Im using a MB, I have submitted all my documents to my MB before the application. However todays mortgage declaration was dated the day of the application. Not sure if my MB forgot to send it over via DocuSign and Barclays been waiting for that documents. I managed to find out the Application reference number on the mortgage declaration case ID: which has a bunch of numbers, look for the number 9 and followed by the rest of the number up stopping on the 10th digit ex
Case id: 1234912345678900
ur application ref : 9123456789
u can use it to track it. 

Fascinating, thanks for that. My Track It shows nothing ticked at all, other than Offer -> In Progress -> "We're Preparing your offer".
So god knows what other processes it went through, but in a way I'm glad I didn't know I could track it before, as it doesn't seem to be the most reliable thing to look at.

BigBus2017

Congrats...hoping I get some good news soon. I think the tracker works better if you apply direct, with MB some of the steps are completed by the MB and the tracker doesn’t recognise it. 

Quark998

Thanks. It will be interesting to compare - with your LTV and for the same offer, if logic can be applied one would assume an approval tomorrow, after your signed declaration can now be processed.

Of course nothing ever seems to make much sense with mortgages, and I still worry that some automated process went rogue and no mortgage offer arrives with us, but I need to stop overanalysing everything!

BigBus2017

You should be fine, my previous mortgage was directly applied with the First Direct lender. This time MB took all the stress out to be honest. No more mortgage job like interviews.   

waribai

Yes, application completed and now on tenterhooks.
2/11 - Full application interview with Barclays MA Line manager was listening in as she was being assessed. Felt more like a murder investigation than a mortgage interview.  Got DIP of £210k on £820k house with a salary of £50k.
4/11 - Contacted by the MA as underwriters needed certified signed gift letter, evidence of deposit savings and copy of partners passport.
5/11- Went into branch to get these all copied and certified. Uploaded them and docusigned.
6/11 -MA called and said they couldn't open the files as they were jpegs. I resubmitted them as pdfs.
9/11- MA said they had fully submitted the application. Now it's the waiting............

BigBus2017

waribai said:

Yes, application completed and now on tenterhooks.
2/11 - Full application interview with Barclays MA Line manager was listening in as she was being assessed. Felt more like a murder investigation than a mortgage interview.  Got DIP of £210k on £820k house with a salary of £50k.
4/11 - Contacted by the MA as underwriters needed certified signed gift letter, evidence of deposit savings and copy of partners passport.
5/11- Went into branch to get these all copied and certified. Uploaded them and docusigned.
6/11 -MA called and said they couldn't open the files as they were jpegs. I resubmitted them as pdfs.
9/11- MA said they had fully submitted the application. Now it's the waiting............

Good luck. Im sill waiting for an outcome.  Slightly delayed to Barclays requesting more documents. 

Quark998

Sorry to hear that yours didn't go through on the nod, for completeness my paper mortgage offer indeed arrived in my postbox yesterday, as well as with the solicitors. I'm still not sure why mine was so painless - both my partner and I are existing Barclays customers (credit cards and I used to have a bank account), so perhaps that helped with some steps.

BigBus2017

Quark998 said:

Sorry to hear that yours didn't go through on the nod, for completeness my paper mortgage offer indeed arrived in my postbox yesterday, as well as with the solicitors. I'm still not sure why mine was so painless - both my partner and I are existing Barclays customers (credit cards and I used to have a bank account), so perhaps that helped with some steps.

We don’t have accounts with Barclays, we moved to my parents two weeks ago, having a new address which hasn’t been fully updated on every companies database. They wanted more proof of my partners new address, luckily we received hard copies of bank statement yesterday and submitted them straightaway.

*Update from the underwriters sent to Mb

“We are currently reviewing your customers’ application, supporting documents and valuation to make sure everything is in order. And the KYC documents are being reviewed by the KYC team.”

Im guessing a desktop valuation has already taken place.

Hoping to get a official response sooner than later  

waribai

waribai said:

Yes, application completed and now on tenterhooks.
2/11 - Full application interview with Barclays MA Line manager was listening in as she was being assessed. Felt more like a murder investigation than a mortgage interview.  Got DIP of £210k on £820k house with a salary of £50k.
4/11 - Contacted by the MA as underwriters needed certified signed gift letter, evidence of deposit savings and copy of partners passport.
5/11- Went into branch to get these all copied and certified. Uploaded them and docusigned.
6/11 -MA called and said they couldn't open the files as they were jpegs. I resubmitted them as pdfs.
9/11- MA said they had fully submitted the application. Now it's the waiting............

The MA called yesterday. Apparently, the underwriters couldn't give me the full £220k due to 'undeclared financial commitments'  They could only offer me £170k. So, £50k less than I asked for. Interestingly when I made the application, for the evidence of deposit savings, I showed £70k more than necessary. I said I woudl use £50k of my personal savings. I showed accounts with a total balance of £120k.  I thought that would reassure them that I could withstand any future stress. I am now wondering if they looked at the savings and thought "Use more of your own money rather than ours" Anyway, lesson to self "only show the necessary amount of savings in future!"