Aldermore Timescale

doglover34

I don't know if there's already a related thread, I couldn't find one on here anyways. I'm just wondering if anyone has had a mortgage through Aldermore could enlighten us with their experience and timescales please.
Ours currently stands at:
17/9/20 DIP accepted instantly (no referral)
25/9/20 Offer Accepted on property
28/9/20 Full application went in. Soft Searches done on me and hubby. Hard credit search done on hubby. Paid valuation fee.
29/9/20 Signed DD mandate and declaration form
05/10/20 2nd soft search on hubby
We're going through a broker and she has recommended Aldermore as I have some late payments on a CC. No Defaults or CCJs. My score is poor, hubby score is excellent.

Denspe

We have just submitted an application with Aldermore On Friday. Nervously waiting for news on what’s happening. I called my MA this morning just to get an update. If I get any news I will let you know. 

doglover34

oh good luck, we are still waiting?? im sure they will ask for recent payslips as we submitted on the 28th Sept and got paid on 1st October, they are on standby.  I can see it says 8 days on the website and we are on day 7. I'm so impatient. Keep me posted on how yours goes

doglover34

ok further update today:
17/9/20 DIP accepted instantly (no referral)
25/9/20 Offer Accepted on property
28/9/20 Full application went in. Soft Searches done on me and hubby. Hard credit search done on hubby. Paid valuation fee.
29/9/20 Signed DD mandate and declaration form
05/10/20 2nd soft search on hubby, 2nd Hard Search on Hubby
06/10/20 1st Hard search on me and 3rd Hard Search on Hubby 
Any idea why hubby has 3 hard searched???? Help!

Denspe

So heard back yesterday that the application has been referred. Been told we should get yes / no within 24-48 hours. Not sure why this has happened. We’ve been upfront with all information. I have a excellent score, my partners credit file not so good some defaults & one pay day loan back in 2015. I’m a bag of nerves worrying about it all. 

doglover34

Denspe said:

So heard back yesterday that the application has been referred. Been told we should get yes / no within 24-48 hours. Not sure why this has happened. We’ve been upfront with all information. I have a excellent score, my partners credit file not so good some defaults & one pay day loan back in 2015. I’m a bag of nerves worrying about it all. 

Same Im nervous as hell too!! what is your LTV?? ours is 74%
i dont get why all the hard searches??

Denspe

Our ltv is 85%

doglover34

fingers crossed for good news for us both

doglover34

Ok, 2 more info requested today - current mortgage rate and they want copies of driving licences for another proof of address?? have sent these today.

doglover34

another update today - Aldermore now wanting clarification on expenditure. I declared 2 loans at application that are not on credit file but are on our statements. They wanted the balance of these. They also want me to confirm all my expenditure gas/electric shopping etc etc and provided this as well.  Still in the affordability scale for the mortgage. 

doglover34

this wait is driving me nutz!