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Any Recent Leeds Building Society applicants?
Comments
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Definitely sounds positive! We received the exact same letter and got our mortgage offer 3-4 weeks after (we had to wait for our valuation to be done in September), so I don't think you have anything to worry about. I see that you applied about a couple weeks after us and we got our offer two weeks ago so I think you should be getting yours any day now.Natztastic2 said:We received a letter today to say LBS have carried out the initial assessment and they are leasing with the MA to get an offer produced ASAP.
The letter is very open and positive, it doesn't mention that it could be declined or anything such as "to determine if we can offer your a mortgage" or "to check eligibility for our product"
Bizarre! But positive... Nice to have an update 😀1 -
Ahhh thank you for that. Trying to remain positive ✨ Glad you're all sorted xNikNak90 said:
Definitely sounds positive! We received the exact same letter and got our mortgage offer 3-4 weeks after (we had to wait for our valuation to be done in September), so I don't think you have anything to worry about. I see that you applied about a couple weeks after us and we got our offer two weeks ago so I think you should be getting yours any day now.Natztastic2 said:We received a letter today to say LBS have carried out the initial assessment and they are leasing with the MA to get an offer produced ASAP.
The letter is very open and positive, it doesn't mention that it could be declined or anything such as "to determine if we can offer your a mortgage" or "to check eligibility for our product"
Bizarre! But positive... Nice to have an update 😀LBS 95% LTV Shared ownership application3/8 DIP agreed
5/8 Applied for plot with HA
13/8 Accepted for plot with HA
19/8 Full application with Leeds
23/9 Valuation completed and OK
25/9 First questions and soft credit search
29/9 Confirmed answers to LBS direct as my MA couldn't get through we're told it would join 12 day underwriting queue again
01/10 Received letter about initial search through the post dated 25/9
We were told we should hear something by the 20th.
14/10 Mortgage offer received (working day 40)
23/10 Completion and moved in!0 -
Offer Turnaround
STD: 37.5 working days
BTL: 19.0 working days
LBS 95% LTV Shared ownership application3/8 DIP agreed
5/8 Applied for plot with HA
13/8 Accepted for plot with HA
19/8 Full application with Leeds
23/9 Valuation completed and OK
25/9 First questions and soft credit search
29/9 Confirmed answers to LBS direct as my MA couldn't get through we're told it would join 12 day underwriting queue again
01/10 Received letter about initial search through the post dated 25/9
We were told we should hear something by the 20th.
14/10 Mortgage offer received (working day 40)
23/10 Completion and moved in!0 -
its been 15 working days since my MB submitted my application and he hasnt mentioned if its gone to the underwriter yet0
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Well based on today's turnaround times you have approx 22.5 working days left to wait 😌becky8690 said:its been 15 working days since my MB submitted my application and he hasnt mentioned if its gone to the underwriter yetLBS 95% LTV Shared ownership application3/8 DIP agreed
5/8 Applied for plot with HA
13/8 Accepted for plot with HA
19/8 Full application with Leeds
23/9 Valuation completed and OK
25/9 First questions and soft credit search
29/9 Confirmed answers to LBS direct as my MA couldn't get through we're told it would join 12 day underwriting queue again
01/10 Received letter about initial search through the post dated 25/9
We were told we should hear something by the 20th.
14/10 Mortgage offer received (working day 40)
23/10 Completion and moved in!0 -
I think there has been a further delay for all applications. Our MB spoke to them yesterday. LBS said our initial assessment should be completed by 6th Oct.becky8690 said:its been 15 working days since my MB submitted my application and he hasnt mentioned if its gone to the underwriter yet0 -
Think my initial assessment was done on the 15th September, still waiting for underwriter thoughMSN2220 said:
I think there has been a further delay for all applications. Our MB spoke to them yesterday. LBS said our initial assessment should be completed by 6th Oct.becky8690 said:its been 15 working days since my MB submitted my application and he hasnt mentioned if its gone to the underwriter yet0 -
What happened on the blip day when it said 20 working days for STD 😫😂Natztastic2 said:
Well based on today's turnaround times you have approx 22.5 working days left to wait 😌becky8690 said:its been 15 working days since my MB submitted my application and he hasnt mentioned if its gone to the underwriter yet0 -
To be honest as much as I check those dates every day, I don't actually think they bear any resemblance to the actual figure 😅 It's just pot luck I think... on 2 or 3 occasions now we have been over the advertised waiting time. Whenever you chase its the response of "There are delays" so we just gotta get lucky... 🤣becky8690 said:
What happened on the blip day when it said 20 working days for STD 😫😂Natztastic2 said:
Well based on today's turnaround times you have approx 22.5 working days left to wait 😌becky8690 said:its been 15 working days since my MB submitted my application and he hasnt mentioned if its gone to the underwriter yetLBS 95% LTV Shared ownership application3/8 DIP agreed
5/8 Applied for plot with HA
13/8 Accepted for plot with HA
19/8 Full application with Leeds
23/9 Valuation completed and OK
25/9 First questions and soft credit search
29/9 Confirmed answers to LBS direct as my MA couldn't get through we're told it would join 12 day underwriting queue again
01/10 Received letter about initial search through the post dated 25/9
We were told we should hear something by the 20th.
14/10 Mortgage offer received (working day 40)
23/10 Completion and moved in!0 -
The whole process is confusing, everyone seems to be going through different stages. Apparently if LBS don’t need anymore documents next week, it will go straight to verbal offer. 🤷♀️becky8690 said:
Think my initial assessment was done on the 15th September, still waiting for underwriter thoughMSN2220 said:
I think there has been a further delay for all applications. Our MB spoke to them yesterday. LBS said our initial assessment should be completed by 6th Oct.becky8690 said:its been 15 working days since my MB submitted my application and he hasnt mentioned if its gone to the underwriter yet0
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