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Any Recent Leeds Building Society applicants?

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Comments

  • toby993_2
    toby993_2 Posts: 50 Forumite
    Third Anniversary 10 Posts
    Natztastic2 said:
    toby993_2 said:
    I haven't had to sign anything yet. Was this a form sent by post from Leeds that you had to sign and return?
    Have you not signed the declaration form? I thought this has to be done at the start of application

    Apologies Ive just gone back through and yes I have signed and sent this. Is there anyone on here that has been asked for further documentation on 2 occasions now? I think its ridiculous that they can put you right to the back of the queue just for potentially 1 outstanding bank statement/ ID etc
  • Natztastic2
    Natztastic2 Posts: 175 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    toby993_2 said:
    Natztastic2 said:
    toby993_2 said:
    I haven't had to sign anything yet. Was this a form sent by post from Leeds that you had to sign and return?
    Have you not signed the declaration form? I thought this has to be done at the start of application

    Apologies Ive just gone back through and yes I have signed and sent this. Is there anyone on here that has been asked for further documentation on 2 occasions now? I think its ridiculous that they can put you right to the back of the queue just for potentially 1 outstanding bank statement/ ID etc
    I can't speak from experience but my broker said "each time they ask for information they put you at the back of the underwriting queue" so I am assuming it can be more than once. They have only asked me 2 questions, about if our jobs are at risk of redundancy and is our deposit gifted. 
    As we sent off our application mid-August our bank statements etc will be 2 months out of date, so I am fully expecting them to ask for updated ones and our payslips (both of of which have been sent to our broker already) so we will see how it goes :-/
    LBS 95% LTV Shared ownership application
    3/8 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!

  • toby993_2
    toby993_2 Posts: 50 Forumite
    Third Anniversary 10 Posts
    Hmm you would think they would let you off as its their fault the application has taken so long!
    We was suppose to exchange on monday, so that ship has sailed haha. The sellers of the house we are purchasing are buying a new build and the builders (david wilson Homes) are being very pushy and chasing us daily for an update on our mortgage progress. So i am really hoping we dont get another set back
  • Natztastic2
    Natztastic2 Posts: 175 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    toby993_2 said:
    Hmm you would think they would let you off as its their fault the application has taken so long!
    We was suppose to exchange on monday, so that ship has sailed haha. The sellers of the house we are purchasing are buying a new build and the builders (david wilson Homes) are being very pushy and chasing us daily for an update on our mortgage progress. So i am really hoping we dont get another set back
    Yes I agree, it would be good if there was some kind of order or rhyme/rhythm as to which applications they do first but i think its all a lottery. My date has also well and truly passed, we were told we should have moved in by now lol.

    Let's hope for no more setbacks 🙏
    LBS 95% LTV Shared ownership application
    3/8 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!

  • Mcgough221
    Mcgough221 Posts: 57 Forumite
    Third Anniversary 10 Posts
    yes ours it’s our brokers portal and we are buying a shared ownership property. Funny how some please seem to have underwriting down before valuation and some after 🤔 we have applied for a mortgage before with NatWest and it was so much simpler than Leeds. Leeds seem confusing and slow tbh.
  • Natztastic2
    Natztastic2 Posts: 175 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Apparently they are exceptionally "picky" too with the underwriting. It is their known trait 😆
    LBS 95% LTV Shared ownership application
    3/8 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!

  • Monik2510a
    Monik2510a Posts: 102 Forumite
    100 Posts Second Anniversary Name Dropper
    Our application was submitted on the 22nd September, we are on working day 11 today. Shall we expect to hear anything this week?
    22/09 - application submitted with Leeds BS, long story short, on the 9/11 we've been told that Leeds is reducing the amount they're willing to lend by nearly £20k (turns out our broker FORGOT to declare our child on the application)
    10/11 - found another mortgage advisor
    11/11 - AIP with Santander (single applicant, shared ownership, 85LTV)
    12/11 - all documents sent
    13/11 - application with Santander submitted and passed to underwriting. Valuation booked for 23/11
    19/11 - mortgage agreed, subject to a satisfactory valuation 
    23/11 - mortgage offer issued
    19/12 - completed 
  • Natztastic2
    Natztastic2 Posts: 175 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Monik2510a said:
    Our application was submitted on the 22nd September, we are on working day 11 today. Shall we expect to hear anything this week?
    I think realistic expectation is no, however you might get lucky as I don't think there's actually an algorithm to what they do. Do you know when your valuation is?  
    LBS 95% LTV Shared ownership application
    3/8 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!

  • Natztastic2
    Natztastic2 Posts: 175 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    I am currently on working day 35 :neutral:  :#  :s
    #remainingpositive  :D  <3
    LBS 95% LTV Shared ownership application
    3/8 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!

  • Monik2510a
    Monik2510a Posts: 102 Forumite
    100 Posts Second Anniversary Name Dropper
    Natztastic2 said:
    Monik2510a said:
    Our application was submitted on the 22nd September, we are on working day 11 today. Shall we expect to hear anything this week?
    I think realistic expectation is no, however you might get lucky as I don't think there's actually an algorithm to what they do. Do you know when your valuation is?  
    We don't know. I have medsaged our MA last week and he said as soon as he knows anything he will let us know. I always chase people for answers, shall I ask him or just wait?  I don't know how you haven't gone insane yet with all the waiting 😂
    22/09 - application submitted with Leeds BS, long story short, on the 9/11 we've been told that Leeds is reducing the amount they're willing to lend by nearly £20k (turns out our broker FORGOT to declare our child on the application)
    10/11 - found another mortgage advisor
    11/11 - AIP with Santander (single applicant, shared ownership, 85LTV)
    12/11 - all documents sent
    13/11 - application with Santander submitted and passed to underwriting. Valuation booked for 23/11
    19/11 - mortgage agreed, subject to a satisfactory valuation 
    23/11 - mortgage offer issued
    19/12 - completed 
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