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Barclays mortgage timeline
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So my timeline
4th Nov - Broken submits offer
4th Nov - Hard and Soft Search shows up on Credit Karma
4th Nov - Physical Valuation booked in
12th Nov - Valuation Done
19th Nov - application reviewed by underwriter, valuation satisfied and referred to ID team for verification of ID and proof if address
20th - Passed ID checks and has now been passed to the Offer team to create the offer
There were a couple of times they came back and asked for more information between application and valuation but we're both employed so relative straight forward application
I just need the official offer in hand before I can properly relax!1 -
anyone know how long the Offer team take to raise the paperwork?0
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30/9 DIP / hard search
6/10 application submitted
16/10 Broker says failed underwriting due to affordability. Broker disagrees and ‘repackages’ application
21/10 Submitted again to Barclays
28/10 Today, broker says it’s passed through underwriting and awaiting house valuation now.
19/11 Valuation finally booked
23/11 Valuation takes place
25/11 Bank statements requested
So.... still no offer and I doubt we’ll be moving in time for Christmas 😭
I really thought we were going to get an answer this week! So disappointed!0 -
Sorry to hear your progress has been slow. We finally got our offer through yesterday so just about 3 weeks. Applied on 4th Nov.
I don't think you'll be far off. From when the underwriters signed ours off it took about 3 working days to go through the ID check team and the offer team to raise the paperwork
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Finally our offer has been sent today
03/11 Full submission included Hard Search (Karma & Experian), we passed credit checks.
And MB sends pays slips and other documents.06/11 sign Barclays mortgage declaration .11/11 KYC team request more proof of our new address.13/11 MB told no need for physical valuation and underwriters are reviewing documents and KYC documents are being reviewed by KYC team.16/11 KYC documents accepted after being referred.20/11 Desktop valuation satisfactory
25/11 Offer sent to myself and solicitor.0 -
I honestly can’t believe how fast the process was for me.
DIP/Hard Search 16/11
Application submitted 20/11
Offer received 28/111 -
Quick question on 'offer received' with Barclays mortgages. Does this mean they send a soft copy of the mortgage immediately to the applicant and solicitor followed by posting a hard copy that will ultimately require a signature? If so, can the solicitor typically then start preparing exchange documents? Or is it necessary to wait for the hard copy to arrive?0
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DIP 27/10
Hard search 28/10
Application submitted 10/11
17/11 Requested additional ID so went to back of queue
Offer received by e mail 30/11
I understand hard copy sent out same date as e mail and sent to us and solicitor but sent second class, I believe solicitor needs hard copy before doing anything.1 -
Oct 23rd: Application submitted
Oct 27th: Supporting documents (payslips, SA302s, tax year overview) submitted
November 2nd: Additional document requested. Sent on the same day.
November 9th: Valuation instructed
November 16th: Barclays asked a different from to our financial adviser and also alleged that they did not receive additional document sent on November 2nd. Sent them again...
November 24th: Awaiting final underwriting assessment
November 29th: Additional document requested (which was submitted on October 27th...). Sent it again!
Process seems to be quite slow but we hope to get a decision this week.
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Here’s an overview of our experience with Barclays in case it helps anyone else:
17/11 – application submitted. Hard search completed on both myself and my partner
18/11 – broker confirmed application had been agreed in principle subject to underwriting
27/11 – Barclays requested further proof of address for myself as I have recently moved in with my partner
16/12 – offer received
Absolutely delighted! Hope everyone else’s applications are progressing well and you all get good news in time for Christmas too 😊
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