Aldermore - Process

CLJ2986

I don't think there is any one size fits, my application went in on 3/5, I've had two requests for further paperwork and as far as I'm aware it hasn't been sent for valuation yet. So if yours is going then its probably a good sign 🙂

Brucema07

My time line

DIP 10th March
Offer Accepted 10th March
Full App sent 15th March
Hard Search 15th March
Another DD / Coronavirus Effect Form Required 16th March
Valuation instructed 16th March
Valuation carried out 23rd March
Offer 24th March

ALOT easier than I ever thought, even the MA was surprised!  

JMcc123

It does seem to be all over the place doesn't it!
My brokers words were 'theyre happy with the application and theyre contacting the estate agents within the next couple of days to arrange a valuation'. 
I've provided paperwork and filled in the covid form, returned that 20/03, but ive had no questions on any transactions or anything, which I find odd as I transfer money to my window cleaner every 2 weeks (I always forget to go to the cash machine 🤣🤦‍♀️), ive only had the initial DD with the DIP to complete.

@Brucema07 yours seems SUPER quick! Hopefully ours will follow suit! X 

CLJ2986

JMcc123 said:

It does seem to be all over the place doesn't it!
My brokers words were 'theyre happy with the application and theyre contacting the estate agents within the next couple of days to arrange a valuation'. 
I've provided paperwork and filled in the covid form, returned that 20/03, but ive had no questions on any transactions or anything, which I find odd as I transfer money to my window cleaner every 2 weeks (I always forget to go to the cash machine 🤣🤦‍♀️), ive only had the initial DD with the DIP to complete.

@Brucema07 yours seems SUPER quick! Hopefully ours will follow suit! X 

I've filled out the covid income form thing too just now sign of a valuation. We're not straightforward though it's 90% ltv and I'm on maternity among other things 🤞

JMcc123

CLJ2986 said:

JMcc123 said:

It does seem to be all over the place doesn't it!
My brokers words were 'theyre happy with the application and theyre contacting the estate agents within the next couple of days to arrange a valuation'. 
I've provided paperwork and filled in the covid form, returned that 20/03, but ive had no questions on any transactions or anything, which I find odd as I transfer money to my window cleaner every 2 weeks (I always forget to go to the cash machine 🤣🤦‍♀️), ive only had the initial DD with the DIP to complete.

@Brucema07 yours seems SUPER quick! Hopefully ours will follow suit! X 

I've filled out the covid income form thing too just now sign of a valuation. We're not straightforward though it's 90% ltv and I'm on maternity among other things 🤞

Ah I see!
I'm 90%LTV single parent, with bad credit (over 7 years old) but up until recently was still being paid off, so although not on my credit report its on my bank statement.
My son is 3 so currently at nursery full time while I work full time, but we're moving back home so the childcare element won't be needed due to being around family and he starts school in September, but thats currently a huge outgoing that will be potentially damaging.
It's so complex isn't it!

I really hope you get good news very soon! Xx

Brucema07

CLJ2986 said:

JMcc123 said:

It does seem to be all over the place doesn't it!
My brokers words were 'theyre happy with the application and theyre contacting the estate agents within the next couple of days to arrange a valuation'. 
I've provided paperwork and filled in the covid form, returned that 20/03, but ive had no questions on any transactions or anything, which I find odd as I transfer money to my window cleaner every 2 weeks (I always forget to go to the cash machine 🤣🤦‍♀️), ive only had the initial DD with the DIP to complete.

@Brucema07 yours seems SUPER quick! Hopefully ours will follow suit! X 

I've filled out the covid income form thing too just now sign of a valuation. We're not straightforward though it's 90% ltv and I'm on maternity among other things 🤞

I bet yours will move quickly now!! Good luck with it all x

Brucema07

JMcc123 said:

It does seem to be all over the place doesn't it!
My brokers words were 'theyre happy with the application and theyre contacting the estate agents within the next couple of days to arrange a valuation'. 
I've provided paperwork and filled in the covid form, returned that 20/03, but ive had no questions on any transactions or anything, which I find odd as I transfer money to my window cleaner every 2 weeks (I always forget to go to the cash machine 🤣🤦‍♀️), ive only had the initial DD with the DIP to complete.

@Brucema07 yours seems SUPER quick! Hopefully ours will follow suit! X 

This seems the same as mine. DIP, 3 pay slips, DD form, covid form, p60s. Then went very quickly x

Capri84

Was interesting reading the above posts. 

What are the covid income forms? 

CLJ2986

Capri84 said:

Was interesting reading the above posts. 

What are the covid income forms? 

Basically a short form asking if your income has been affected by covid all I did was tick no for me and my partner and sign it. 

Capri84

Cheers for that. I’ve been shielding but paid in full... so income strictly speaking hasn’t been impacted. 

My wife however has, so she’d have to tick yes. Would that mean she was out the game do you think?