Any Recent Leeds Building Society applicants?

MSN2220

becky8690 said:

sofsar said:

Natztastic2 said:

becky8690 said:

If the lender asks for additional info do we then go back to the back of the queue for underwriting?

Yep, 13 working days... Almost 3 weeks

Natztastic2 said:

becky8690 said:

If the lender asks for additional info do we then go back to the back of the queue for underwriting?

Yep, 13 working days... Almost 3 weeks

That’s maximum tho. 

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 now 

Theyve just asked for additional info today 😒

Positive that you got some sort of next steps! If you don’t mind me asking, what kind of additional info was this, was it updated payslips/statements? 

becky8690

MSN2220 said:

becky8690 said:

sofsar said:

Natztastic2 said:

becky8690 said:

If the lender asks for additional info do we then go back to the back of the queue for underwriting?

Yep, 13 working days... Almost 3 weeks

Natztastic2 said:

becky8690 said:

If the lender asks for additional info do we then go back to the back of the queue for underwriting?

Yep, 13 working days... Almost 3 weeks

That’s maximum tho. 

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 now 

Theyve just asked for additional info today 😒

Positive that you got some sort of next steps! If you don’t mind me asking, what kind of additional info was this, was it updated payslips/statements? 

Statements from savings to see where we were moving money to each month 
My date of return to work from maternity 
And a letter from my husbands employer confirming his job is secure as he works in retail

Mcgough221

Hi everyone, thought it would jump in. We are in week 6 now of our application with LBS. The wait is killing us, so nervous. We applied through a broker and our online portal says passed subject to valuation and document check. Valuation has been booked for this week. It’s looking like we have at least a few more weeks to go if they don’t request further documents 😞 

sofsar

Mcgough221 said:

Hi everyone, thought it would jump in. We are in week 6 now of our application with LBS. The wait is killing us, so nervous. We applied through a broker and our online portal says passed subject to valuation and document check. Valuation has been booked for this week. It’s looking like we have at least a few more weeks to go if they don’t request further documents 😞 

😱 omg that’s a long time and your valuation hasn’t been done. Did your application go to underwriting team 1st? 

Mcgough221

sofsar said:

Mcgough221 said:

Hi everyone, thought it would jump in. We are in week 6 now of our application with LBS. The wait is killing us, so nervous. We applied through a broker and our online portal says passed subject to valuation and document check. Valuation has been booked for this week. It’s looking like we have at least a few more weeks to go if they don’t request further documents 😞 

😱 omg that’s a long time and your valuation hasn’t been done. Did your application go to underwriting team 1st? 

I have no idea tbh. I don’t think so as it says subject to valuation and document check. I don’t think our case was overly complicated either. Both work full time, husband was on furlough but only for a week due to suppliers all closing so couldn’t get materials. We are going for shared ownership and asking for a small mortgage with just shy of £40k a year income. We only to have 2 small finance payments for cars too no other debt. So really don’t understand why it’s taking this long.

Natztastic2

Mcgough221 said:

Hi everyone, thought it would ⁸jump in. We are in week 6 now of our application with LBS. The wait is killing us, so nervous. We applied through a broker and our online portal says passed subject to valuation and document check. Valuation has been booked for this week. It’s looking like we have at least a few more weeks to go if they don’t request further documents 😞 

I totally get your anxiousness. Everyday goes slower and slower I'm sure of it 🤣

I think it's been a bit of a lottery with valuation times, maybe its down to areas, if its a new build etc etc.

You're guessing like me but I would also guess you have around 3 weeks left, as I don't think they start the underwriting process without a valuation (as if it turns out to be wrong its a waste of their time) and underwriting is about 2/3 weeks at the moment.

I'm sure everything will be fine and it will be worth the wait, it's just easier said than done!

What kind of mortgage are you applying for? Is it shared ownership?

becky8690

Mcgough221 said:

Hi everyone, thought it would jump in. We are in week 6 now of our application with LBS. The wait is killing us, so nervous. We applied through a broker and our online portal says passed subject to valuation and document check. Valuation has been booked for this week. It’s looking like we have at least a few more weeks to go if they don’t request further documents 😞 

What online portal? Didn't realise leeds had one to check the status!

Natztastic2

becky8690 said:

Mcgough221 said:

Hi everyone, thought it would jump in. We are in week 6 now of our application with LBS. The wait is killing us, so nervous. We applied through a broker and our online portal says passed subject to valuation and document check. Valuation has been booked for this week. It’s looking like we have at least a few more weeks to go if they don’t request further documents 😞 

What online portal? Didn't realise leeds had one to check the status!

I dont think there is one. They may have a broker portal which gives the status of their application.

toby993_2

Morning Guys, I thought I would share my application timeline with you too as I am still waiting.

Full App submitted via broker: 04/09 (standard mortgage with partner, both full time 85% LTV)

Equifax search:05/09

With underwriter & Additional info requested: 22/09 . Was quoted 12 working days before next update (so 08/10)

Letter from leeds BS received confirming initial assessment carried out and now with underwriters:26/09

Valuation completed 02/10

I chased them today and they said the turnaround is now 15 working days and not 12. So the wait continues. I am hoping for an update by early next week at the latest and will update you guys when I hear

toby993_2

toby993_2 said:

Morning Guys, I thought I would share my application timeline with you too as I am still waiting.

Full App submitted via broker: 04/09 (standard mortgage with partner, both full time 85% LTV)

Equifax search:05/09

With underwriter & Additional info requested: 22/09 . Was quoted 12 working days before next update (so 07/10)

Letter from leeds BS received confirming initial assessment carried out and now with underwriters:26/09

Valuation completed 02/10

I chased them today and they said the turnaround is now 15 working days and not 12. So the wait continues. I am hoping for an update by early next week at the latest and will update you guys when I hear

Just following on from this, I thought id mention that the documents they requested were proof of funds. Part of our deposit is gifted from my Nan and my partners dad. We didn't use Leeds BS template letter, we just created our own which was sufficient for our solicitor so I am hoping it is fine for Leeds BS. We also provided bank statements from their accounts to show the funds.