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Any Recent Leeds Building Society applicants?
Comments
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Yours has been pretty quick aswel hasn't it, there's people from August still waiting and we're September applicantsMSN2220 said:
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 -
It’s took 5 weeks for everyone who posted on here to get a offer. Every day that timeline is different so I don’t know why people worry about it too much.becky8690 said:
Yours has been pretty quick aswel hasn't it, there's people from August still waiting and we're September applicantsMSN2220 said:
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 -
I think in a nutshell most cases are sorted between 5-7 weeks. If you're the earlier of those that's great and you have to be unlucky to get the other side.sofsar said:
It’s took 5 weeks for everyone who posted on here to get a offer. Every day that timeline is different so I don’t know why people worry about it too much.becky8690 said:
Yours has been pretty quick aswel hasn't it, there's people from August still waiting and we're September applicantsMSN2220 said:
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 yet
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 -
If the lender asks for additional info do we then go back to the back of the queue for underwriting?0
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Apparently yea. My broker missed out on my 2nd wage slip and I’m worried it will take 1 extra week now! I was also asked to sign morgage declaration.becky8690 said:If the lender asks for additional info do we then go back to the back of the queue for underwriting?Have you signed yours?0 -
No I've not signed any declaration yetsofsar said:
Apparently yea. My broker missed out on my 2nd wage slip and I’m worried it will take 1 extra week now! I was also asked to sign morgage declaration.becky8690 said:If the lender asks for additional info do we then go back to the back of the queue for underwriting?Have you signed yours?0 -
Yep, 13 working days... Almost 3 weeksbecky8690 said:If the lender asks for additional info do we then go back to the back of the queue for underwriting?
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 -
Natztastic2 said:
Yep, 13 working days... Almost 3 weeksbecky8690 said:If the lender asks for additional info do we then go back to the back of the queue for underwriting?
That’s maximum tho.Natztastic2 said:
Yep, 13 working days... Almost 3 weeksbecky8690 said:If the lender asks for additional info do we then go back to the back of the queue for underwriting?Becky as your valuation was done straight away I’d only count 5 weeks from application then chase broker up. Normally other lenders do physical valuations and that takes 2/3 weeks in total.I’m sure you will get the offer as they haven’t asked you anything atm but would have done by now0 -
Offer Turnaround
STD: 25 working days
BTL: 19 working days
That's the 23/09/20 for us, lol.
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 -
Theyve just asked for additional info today 😒sofsar said:Natztastic2 said:
Yep, 13 working days... Almost 3 weeksbecky8690 said:If the lender asks for additional info do we then go back to the back of the queue for underwriting?
That’s maximum tho.Natztastic2 said:
Yep, 13 working days... Almost 3 weeksbecky8690 said:If the lender asks for additional info do we then go back to the back of the queue for underwriting?Becky as your valuation was done straight away I’d only count 5 weeks from application then chase broker up. Normally other lenders do physical valuations and that takes 2/3 weeks in total.I’m sure you will get the offer as they haven’t asked you anything atm but would have done by now0
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