Any Recent Leeds Building Society applicants?

Halliday1984

After receiving offer, did anyone have to supply more info back to the lender to answer any enquiries?

sofsar

MojoMuffin said:

Hi folks,
I just wanted to share my own experience so far. It looks like most of you have had valuations completed before the letter regarding the initial assessment? Our timeline is as follows so far! 

15-Sep Mortgage application submitted

17-Sep Hard credit search (2 days in)

06-Oct Letter from LBS confirming initial assessment (15 days in)

29-Oct Additional information requested (32 days in)

29-Oct  Additional information sent

Am I correct in assuming the submittion of additional information now pushes us back another 15 days? 
Many thanks in advance! 

Possibly but it says 13 days now. 

I didn’t know my valuation was done until I rang Leeds to pay £35 lol . 

becky8690

I have a feeling we are going to be well and truly screwed by this lockdown and my husband going back on furlough for a month. I think they may decline us now

Monik2510a

becky8690 said:

I have a feeling we are going to be well and truly screwed by this lockdown and my husband going back on furlough for a month. I think they may decline us now

When are you likely to hear anything ? Have you spoken to your broker ? We are still waiting for the additional info to be reviewed

MojoMuffin

sofsar said:

Possibly but it says 13 days now. 

I didn’t know my valuation was done until I rang Leeds to pay £35 lol . 

Hey Sofsar! 
I'm curious, did you just ring up LBS yourself to find out about the application? Our mortgage advisor seems to prefer everything to go through her...

Cheers!

sofsar

MojoMuffin said:

sofsar said:

Possibly but it says 13 days now. 

I didn’t know my valuation was done until I rang Leeds to pay £35 lol . 

Hey Sofsar! 
I'm curious, did you just ring up LBS yourself to find out about the application? Our mortgage advisor seems to prefer everything to go through her...

Cheers!

No one told me anything until I got a surprise letter by post. Broker didn’t mention anything. 

toby993_2

Halliday1984 said:

After receiving offer, did anyone have to supply more info back to the lender to answer any enquiries?

Not yet but Im worried they might reduce the loan amount or ask for additional info now that were going into another lockdown

sofsar

toby993_2 said:

Halliday1984 said:

After receiving offer, did anyone have to supply more info back to the lender to answer any enquiries?

Not yet but Im worried they might reduce the loan amount or ask for additional info now that were going into another lockdown

They shouldn’t reduce loan otherwise no one will get a mortgage. They may ask for latest wage slip and bank statement which is understandable. But it’s worrying for a lot of us including me so I’m sure banks won’t be harsh. 

becky8690

sofsar said:

toby993_2 said:

Halliday1984 said:

After receiving offer, did anyone have to supply more info back to the lender to answer any enquiries?

Not yet but Im worried they might reduce the loan amount or ask for additional info now that were going into another lockdown

They shouldn’t reduce loan otherwise no one will get a mortgage. They may ask for latest wage slip and bank statement which is understandable. But it’s worrying for a lot of us including me so I’m sure banks won’t be harsh. 

I'm worried they may decline because the risk that companys might not make it through this lockdown

Monik2510a

13 working days since we submitted additional info and still waiting...