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Any Recent Leeds Building Society applicants?

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Comments

  • becky8690
    becky8690 Posts: 81 Forumite
    10 Posts Second Anniversary Name Dropper
    knightstyle said:
    We have just started on this journey. Applied through a broker on 01/10/2020 and got agreement in principal on 5th, plus mortgage offer on 8th when we went to see the broker who said they were taking 5-6 weeks to process at the moment.
    You got your mortgage offer in 8 days??
  • Monik2510a
    Monik2510a Posts: 102 Forumite
    100 Posts Second Anniversary Name Dropper
    knightstyle probably meant the illustration or declaration? If it's an actual offer I'm well jealous! Hoping to hear some news tomorrow/Tuesday. Do they always request additional information?
    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 
  • sofsar
    sofsar Posts: 102 Forumite
    Tenth Anniversary 100 Posts Combo Breaker
    becky8690 said:
    knightstyle said:
    We have just started on this journey. Applied through a broker on 01/10/2020 and got agreement in principal on 5th, plus mortgage offer on 8th when we went to see the broker who said they were taking 5-6 weeks to process at the moment.
    You got your mortgage offer in 8 days??
    They mean they joined the broker, did a DIP and then made application 😂
    newbies make mistakes 
  • Monik2510a
    Monik2510a Posts: 102 Forumite
    100 Posts Second Anniversary Name Dropper
    I'm just wondering if it's a standard thing that all brokers say 'it takes 5-6 weeks'. Our broker said the same thing but tomorrow will be 3 weeks for us and it's not even been assessed yet 😂
    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: 171 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Monik2510a said:
    I'm just wondering if it's a standard thing that all brokers say 'it takes 5-6 weeks'. Our broker said the same thing but tomorrow will be 3 weeks for us and it's not even been assessed yet 😂
    Yeah I think so 🤣 I was told 4 weeks to start off with and 4 weeks was classed as extremely slow. I am approaching week 8 on Wednesday!
    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!

  • Burgerandchips
    Burgerandchips Posts: 20 Forumite
    10 Posts Name Dropper
    Monik2510a said:
    I'm just wondering if it's a standard thing that all brokers say 'it takes 5-6 weeks'. Our broker said the same thing but tomorrow will be 3 weeks for us and it's not even been assessed yet 😂
    We'll be week 9 on Thursday 🙄 
  • Natztastic2
    Natztastic2 Posts: 171 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Burgerandchips said:
    Monik2510a said:
    I'm just wondering if it's a standard thing that all brokers say 'it takes 5-6 weeks'. Our broker said the same thing but tomorrow will be 3 weeks for us and it's not even been assessed yet 😂
    We'll be week 9 on Thursday 🙄 
    Oh no  :'( That is worse than I imagined. What's been your hold up?
    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
    Any news anyone?:) 
    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: 171 Forumite
    Fifth Anniversary 100 Posts Name Dropper


    Offer Turnaround

    STD: 34.5 working days

    Reviewing Applications Sent To Our Underwriting Queue

    Excludes day of receipt.

    15 working days
    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
    called them to chase today as we submitted an email confirmation that they asked for on friday, along with a solicitor letter confirming our completion day was approaching. The woman on the phone gave the standard generic response of it being 15 working days before we would hear again. Our broker said today that he has it confirmed in an email from Leeds that a solicitor letter will be enough to escalate a case so he is just waiting for an update now from the leeds BDM
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