Any Recent Leeds Building Society applicants?

MSN2220

becky8690 said:

MSN2220 said:

Hi,
What is everyone’s timeline currently. A little worried no hard search as been done yet for us! 

Mine is
15th Sept Application sent 

17th Sept Gift Deposit Form sent

23rd Sept Valuation Appt. Valuation approved  

24th Sept valuation report and docs with underwriters

Thanks! 

11th September application in, valuation 17th, and heard nothing since. How do you know your docs were with the underwriter?

We were told by our mortgage advisor. He also advised that we should have some sort of update by end of the week. 

becky8690

MSN2220 said:

becky8690 said:

MSN2220 said:

Hi,
What is everyone’s timeline currently. A little worried no hard search as been done yet for us! 

Mine is
15th Sept Application sent 

17th Sept Gift Deposit Form sent

23rd Sept Valuation Appt. Valuation approved  

24th Sept valuation report and docs with underwriters

Thanks! 

11th September application in, valuation 17th, and heard nothing since. How do you know your docs were with the underwriter?

We were told by our mortgage advisor. He also advised that we should have some sort of update by end of the week. 

Ah maybe my MB just hasn't mentioned to us thats its gone to them then

Natztastic2

sofsar said:

Natztastic2 said:

sofsar said:

Natztastic2 said:

sofsar said:

Natztastic2 said:

sofsar said:

Natztastic2 said:

Looks like we have the ball rolling now (shame its the weekend!) We had our valuation completed on Wednesday and it met the asking price. Today we had our first questions and a soft search identity check has appeared on our credit reports.

Today is the 27th working day for us.

Which credit agency do Leeds  use? 

Yep, it is Equifax.

Iv just signed up to equifax and seen my report for the 1st time ever. Leeds have done 2 types of search, credit search and the box next to it says opt out and the identity verification on other searches box below it. How do I know what is opt out and soft search etc ? 

Thanks 

It will show on your equifax report. Table 1 Credit searches is a full hard search.

Table 2 Other sesrches is soft search, identity checks etc

Ah, thanks. I asked because when NatWest did the search in box 1 it says opt in and Leeds said opt out 

natwest had declined so I’m re applying with Leeds this time 

How bizarre, I don't know what that will mean. 

Did NatWest decline you at AIP stage or full application?

They declined me after valuation. Waisted so much time of mine and caused me huge stress and they still owe me product fee money which they happily took out of bank the 2nd day of application! It took them 10 days after valuation to underwrite it was was rejected due to affordability. Husband is self employed and claimed both grants which NatWest don’t allow and my idiot broker didn’t look into that before! 

NatWest are being hard with all self employed atm Iv heard on here. Iv had to do my own research aswell although I paid my so called broker to do it for me 

Leeds are ok with the grants thank God 

What a pain for you. Hope everything goes well with Leeds 🤞

Natztastic2

MSN2220 said:

Hi,
What is everyone’s timeline currently. A little worried no hard search as been done yet for us! 

Mine is
15th Sept Application sent 

17th Sept Gift Deposit Form sent

23rd Sept Valuation Appt. Valuation approved  

24th Sept valuation report and docs with underwriters

Thanks! 

Leeds building society timeline (so far) 95% LTV shared ownership mortgage

3/8 DIP agreed
5/8 Applied for plot
13/8 Accepted for plot
19/8 Full application with Leeds
23/9 Valuation completed and OK
25/9 First questions and soft credit search

Now we wait ✋ 

Currently 29 working days and counting... 🙃

Natztastic2

Offer Turnaround

STD: 27.5 working days
BTL: 36.8 working days

Reviewing Applications Sent To Our Underwriting Queue

Excludes day of receipt.

13 working days

becky8690

MSN2220 just asked my broker and its not gone to underwriter, not sure how yours managed to skip the queue! 

MSN2220

becky8690 said:

MSN2220 just asked my broker and its not gone to underwriter, not sure how yours managed to skip the queue! 

I’m not sure. They may have different queues that depend on various factors such as regions, employed/ self employed, furlough etc. 

becky8690

MSN2220 said:

becky8690 said:

MSN2220 just asked my broker and its not gone to underwriter, not sure how yours managed to skip the queue! 

I’m not sure. They may have different queues that depend on various factors such as regions, employed/ self employed, furlough etc. 

Ours is pretty simple, both employed full time

Natztastic2

It will depend on what type of mortgage you are applying for (standard, buy to let etc) how much LTV

But in the grand scheme we're all in a long-!!!!!! queue! 🤔

Natztastic2

Offer Turnaround
STD: 31.7 working days
BTL: 41 working days

It's on the up 😒