Any Recent Leeds Building Society applicants?

Natztastic2

NikNak90 said:

We've just been issued our mortgage offer!! Our timeline was:

7th August: Submitted full application (all supporting documents sent)
10th August: Lender declaration completed and sent off
11th August: Hard check carried out. Paid product fees and Leeds instructed valuation
23rd August: Leeds had come back to broker with an additional question surrounding childcare costs for when I return to work in November following maternity leave. Also received a letter from Leeds saying that they've completed the initial assessment and they are liaising with our broker in regards to any outstanding bits needed to ensure a mortgage offer can be produced as soon as possible
28th August: Broker chased Leeds regarding valuation and confirmed that its been booked in for the 14th September. 
14th September: Valuation completed
17th September: Mortgage offer issued

If my calculations are correct it took 29 working days. 
Fingers crossed for everyone else who is still waiting!

Thanks for this. If you don't mind me asking what mortgage product did you apply for, what is a 95% shared ownership?

Natztastic2

MSN2220 said:

Natztastic2 said:

MSN2220 said:

Hi. Joining this forum today. We sent our mortgage application to Leeds yesterday (15/09/2020). Has anyone else sent their application in the past week, have they had any updates? 

Thanks  

I haven't heard anything since 19th August so hang in there! Found out from the HA that the valuation has been booked in for next week though so its  good start

Hopefully you hear something soon! Our MA has said it’s normally a month before you receive an offer. We also received an email that our valuation is booked in for next week! 

We were told 9 working days to start off with so the wait has been very long winded lol.

Glad you've got your valuation booked in too, hopefully we will hear soon 🙏 

trev7uk

We’ve been waiting since 15th July! That’s when we applied for the product. Had the valuation booked in on the 7th August, that was all ok, Leeds then asked the MA a few questions one on the 20th August, then another at the beginning of September. Been told theY have the info, they’ve just not processed it yet!!!! Great fun waiting.....

Natztastic2

trev7uk said:

We’ve been waiting since 15th July! That’s when we applied for the product. Had the valuation booked in on the 7th August, that was all ok, Leeds then asked the MA a few questions one on the 20th August, then another at the beginning of September. Been told theY have the info, they’ve just not processed it yet!!!! Great fun waiting.....

Oh man! That's a significant amount of time compared to others and the published turnaround time. 

I'm going greyer as the days go on

Burgerandchips

trev7uk said:

We’ve been waiting since 15th July! That’s when we applied for the product. Had the valuation booked in on the 7th August, that was all ok, Leeds then asked the MA a few questions one on the 20th August, then another at the beginning of September. Been told theY have the info, they’ve just not processed it yet!!!! Great fun waiting.....

Oh my goodness! That's awful. I hope you find out soon!

My MB told me we should find out before the end of this week (so today) but she also said that last week, and the week before so I'm not holding out much hope 🙄😩

Natztastic2

Good luck @Burgerandchips

Natztastic2

Offer Turnaround

STD: 28.9 working days

BTL: 30.6 working days

becky8690

I've received an email from my mortgage broker stating that they did an "automated valuation" and is happy with the purchase price, is this instead of a normal valuation?? the application was only sent off on 11th September so seems pretty quick if it is compared to everyone else's timelines
EDIT:
just found this stating the different ways they are completing valuations, I guess the property we are purchasing was okay with an automated one!
https://www.leedsbuildingsociety.co.uk/knowledge-base/members/guide-to-mortgage-valuations-during-the-coronavirus-pandemic/

NikNak90

Natztastic2 said:

NikNak90 said:

We've just been issued our mortgage offer!! Our timeline was:

7th August: Submitted full application (all supporting documents sent)
10th August: Lender declaration completed and sent off
11th August: Hard check carried out. Paid product fees and Leeds instructed valuation
23rd August: Leeds had come back to broker with an additional question surrounding childcare costs for when I return to work in November following maternity leave. Also received a letter from Leeds saying that they've completed the initial assessment and they are liaising with our broker in regards to any outstanding bits needed to ensure a mortgage offer can be produced as soon as possible
28th August: Broker chased Leeds regarding valuation and confirmed that its been booked in for the 14th September. 
14th September: Valuation completed
17th September: Mortgage offer issued

If my calculations are correct it took 29 working days. 
Fingers crossed for everyone else who is still waiting!

Thanks for this. If you don't mind me asking what mortgage product did you apply for, what is a 95% shared ownership?

Hi,
Yes we applied for a 95% shared ownership product. We went for the fixed 3.54% rate for 2 years. It's interesting hearing what other people's timelines are so far, seems to vary quite a lot!

trev7uk

Some good news finally today 😀, email from MA stating the we now have our Mortgage offer. So just over 2 calendar months from start till now, and over 5 weeks from the valuation.  Now to wait two weeks for the ATE from H2B. Good luck all, hope you don’t have to much longer to wait 🤞🏼