Any Recent Leeds Building Society applicants?

claireyfairy83

Maaxx said:

claireyfairy83 said:

gun_raider said:

Our LTV is 80% if that helps. We've gone for a 2 year fix at 1.89%, £999 product fee (added to the loan).

i'm in a similar position. they asked me for statements from my other bank account as well so i hope that means that's a good thing that they're looking further.

the wait is nerve racking!

We were asked for bank statements etc before they did the valuation so it sounds like they're reviewing the application for underwriting, which I think is good news! We were really impressed with how quick they were, considering the stamp duty holiday/COVID lockdown/Christmas and New Year closures. Time to offer is currently 21 working days according to their website if that helps, so about 4 weeks if you include weekends. 

They've been very quick to issue offer paperwork as well, our broker got her copy the same day as the offer was issued and our solicitor received hers the next day. We've not received ours yet as it's being posted so takes a bit longer, but the offer was only issued on Tuesday afternoon.

We are pretty much at the same stage! We just got told our valuation is booked for 3rd February so i guess we may get our offer next month. 

Fingers crossed! We received our offer paperwork in the post just now so hopefully it's a quick turnaround for you once the valuation has been carried out. We had a desktop one so that was sent to the Leeds pretty much straightaway, then it was very quick from there to get to the offer stage.

ashok.198311

should we receive a letter when the initial assessment complete?

ashok.198311

did an one received the initial assessment completed letter recently? how long it took?

Maaxx

 ashok.198311 said:

did an one received the initial assessment completed letter recently? how long it took?

I haven't received any letters yet but we are at the valuation stage. Hopefully should receive a letter soon to outline that the assessment has been carried out.

ashok.198311

Maaxx said:

 ashok.198311 said:

did an one received the initial assessment completed letter recently? how long it took?

I haven't received any letters yet but we are at the valuation stage. Hopefully should receive a letter soon to outline that the assessment has been carried out.

Hi,
How do you knwo the valuations are booked on 3rd of February for you? I went back on your posts and our time lines are almost the same.
Submitted our Docs on 4th Jan, Received the DIP
On 6th We were asked for extra docs, and declaration. We submitted the Declartion with extra documents on 8th..
Checked with the MB today and they are saying we may be still in progress with the Initial Assment...

brownwise

Hi All,

New here, and new to house buying.

Wife and I are first time buyers, applied for mortgage with LBS. We have applied directly with no MA. We have not had a huge amount of contact with LBS so far. Slightly worrying but at the same time did get a text yesterday to submit valuation request which is now done, so that should be getting sorted soon

Timeline is as follows thus far:

- 7th June Applied for and received DIP online. Submitted full application same day.
- 11th June all documents submitted

- 16th June email requesting documents we had already submitted... Sent them again and made clear I had already sent them
- 18th June email from LBS to confirm those documents had been received and application is with an underwriter. Also received text with link to accept terms of Homebuyer report/survey

Anyone else have experience with applying directly? How quickly do things move along? 

ashok.198311

brownwise said:

Hi All,

New here, and new to house buying.

Wife and I are first time buyers, applied for mortgage with LBS. We have applied directly with no MA. We have not had a huge amount of contact with LBS so far. Slightly worrying but at the same time did get a text yesterday to submit valuation request which is now done, so that should be getting sorted soon

Timeline is as follows thus far:

- 7th June Applied for and received DIP online. Submitted full application same day.
- 11th June all documents submitted

- 16th June email requesting documents we had already submitted... Sent them again and made clear I had already sent them
- 18th June email from LBS to confirm those documents had been received and application is with an underwriter. Also received text with link to accept terms of Homebuyer report/survey

Anyone else have experience with applying directly? How quickly do things move along? 

Hi, do you mean Jan...?

brownwise

ashok.198311 said:

brownwise said:

Hi All,

New here, and new to house buying.

Wife and I are first time buyers, applied for mortgage with LBS. We have applied directly with no MA. We have not had a huge amount of contact with LBS so far. Slightly worrying but at the same time did get a text yesterday to submit valuation request which is now done, so that should be getting sorted soon

Timeline is as follows thus far:

- 7th June Applied for and received DIP online. Submitted full application same day.
- 11th June all documents submitted

- 16th June email requesting documents we had already submitted... Sent them again and made clear I had already sent them
- 18th June email from LBS to confirm those documents had been received and application is with an underwriter. Also received text with link to accept terms of Homebuyer report/survey

Anyone else have experience with applying directly? How quickly do things move along? 

Hi, do you mean Jan...?

  yes...
Can you tell the process is mashing my brain!

ashok.198311

brownwise said:

ashok.198311 said:

brownwise said:

Hi All,

New here, and new to house buying.

Wife and I are first time buyers, applied for mortgage with LBS. We have applied directly with no MA. We have not had a huge amount of contact with LBS so far. Slightly worrying but at the same time did get a text yesterday to submit valuation request which is now done, so that should be getting sorted soon

Timeline is as follows thus far:

- 7th June Applied for and received DIP online. Submitted full application same day.
- 11th June all documents submitted

- 16th June email requesting documents we had already submitted... Sent them again and made clear I had already sent them
- 18th June email from LBS to confirm those documents had been received and application is with an underwriter. Also received text with link to accept terms of Homebuyer report/survey

Anyone else have experience with applying directly? How quickly do things move along? 

Hi, do you mean Jan...?

  yes...
Can you tell the process is mashing my brain!

Haha.. cool.. guess the process is like that.. I submitted my application on 4th via broker.. and submitted additional documents on 6th.. from that no responses till now.
Are you aware of they are doing a computer valuation or a normal valuation for you...?

brownwise

ashok.198311 said:

brownwise said:

ashok.198311 said:

brownwise said:

Hi All,

New here, and new to house buying.

Wife and I are first time buyers, applied for mortgage with LBS. We have applied directly with no MA. We have not had a huge amount of contact with LBS so far. Slightly worrying but at the same time did get a text yesterday to submit valuation request which is now done, so that should be getting sorted soon

Timeline is as follows thus far:

- 7th June Applied for and received DIP online. Submitted full application same day.
- 11th June all documents submitted

- 16th June email requesting documents we had already submitted... Sent them again and made clear I had already sent them
- 18th June email from LBS to confirm those documents had been received and application is with an underwriter. Also received text with link to accept terms of Homebuyer report/survey

Anyone else have experience with applying directly? How quickly do things move along? 

Hi, do you mean Jan...?

  yes...
Can you tell the process is mashing my brain!

Haha.. cool.. guess the process is like that.. I submitted my application on 4th via broker.. and submitted additional documents on 6th.. from that no responses till now.
Are you aware of they are doing a computer valuation or a normal valuation for you...?

I believe it's in person as I've requested a Homebuyer's Report so I think they do it all at once.

Applying direct I can log in and check the status but it still just says "Awaiting Processing" which isn't encouraging. Hoping they're just rubbish at updating the status...