HSBC Mortgage application timelines

Nedge79

emzyadds said:

Nedge79 said:

Am starting to get fed up with the whole process to, exactly same for me with estate agents asking if had updates, the vendor must be wondering why it’s taking so long to.

That is a really long time beginning November, l just want a decision either way so can plan what to do. 

What extra supporting docs?? Have they asked for from you did you get asked for full credit report 

Very frustrating isn't it. That's the problem, it doesn't look good to the agents and the vendors if its taking so long to get the mortgage in place which is why we are losing patience day by day. 
They wanted another set of accounts from one of my directorships (they weren't due but thankfully had been prepared so didn't take too long to get them completed), then they came back asking for bank statements for November for both me and my husband (which we didn't have when we submitted the application originally as it was submitted at the beginning of November). 

We just want to get the moving date so we can start arranging everything but it's all being held up with this application. 

Yes it doesn’t look very good to the vendor will he then lose patience. 

Luckily you had them other statements, l think the only thing they haven’t asked for is my inside leg measurement it’s madness. 

With you wanting to get the move in date is your conveyancing near the end exchange contracts??

am not that far into it think searches have been requested,

mine is now with underwriters hoping to hear tomorrow or Monday fingers crossed it passes. It’s just all the uncertainty the worst part. 

emzyadds

Nedge79 said:

emzyadds said:

Nedge79 said:

Am starting to get fed up with the whole process to, exactly same for me with estate agents asking if had updates, the vendor must be wondering why it’s taking so long to.

That is a really long time beginning November, l just want a decision either way so can plan what to do. 

What extra supporting docs?? Have they asked for from you did you get asked for full credit report 

Very frustrating isn't it. That's the problem, it doesn't look good to the agents and the vendors if its taking so long to get the mortgage in place which is why we are losing patience day by day. 
They wanted another set of accounts from one of my directorships (they weren't due but thankfully had been prepared so didn't take too long to get them completed), then they came back asking for bank statements for November for both me and my husband (which we didn't have when we submitted the application originally as it was submitted at the beginning of November). 

We just want to get the moving date so we can start arranging everything but it's all being held up with this application. 

Yes it doesn’t look very good to the vendor will he then lose patience. 

Luckily you had them other statements, l think the only thing they haven’t asked for is my inside leg measurement it’s madness. 

With you wanting to get the move in date is your conveyancing near the end exchange contracts??

am not that far into it think searches have been requested,

mine is now with underwriters hoping to hear tomorrow or Monday fingers crossed it passes. It’s just all the uncertainty the worst part. 

Thankfully my husband has been in contact with the vendor and they're OK with it at the moment. 

Yeah our conveyancers have done most of the paperwork now, just waiting on this mortgage really. Its so frustrating. My broker is off now too, he did say they just need to tick the box and we would receive a text and email with the offer, doesn't leave much hoping for chasing it if it doesn't come through though. 

Good luck, hope you hear back soon. The wait is the worst part isn't it. I contacted our broker on 1st November when our offer was accepted and it's taken us this long to get to this far. It's probably just over 6 weeks but feels like 6 months. Fed up with it now. My worst fear is for some reason they reject and we have to start again, I don't think I could cope with that after all this back and forth we've already been through 

emzyadds

I've chased them again today and my broker is off, however the admin lady told me service levels are at 8 working days so we can expect to wait until next week for a response. I'm fuming right now. 

Nedge79

That’s really bad Your conveancing is proceeding quicker than the mortgage the wait is by far the worst and not knowing. 

and thanks still no update again today. 

If their service levels state 8 days why is it taking so long yours is at six weeks mine is at five weeks. Their service levels couple weeks ago was 13 days so they have come down. 

So your not even going to hear before Xmas so infuriating shouldn’t be taking this long. 

Nedge79

My mortgage offered got approved today so happy and documents e-mailed took 6 weeks.

good luck to anyone else in the process

emzyadds

Nedge79 said:

My mortgage offered got approved today so happy and documents e-mailed took 6 weeks.

good luck to anyone else in the process

Congrats, pleased for you. Hoping mine will be approved this week. Found out just before Xmas my broker had made an error on our application and not uploaded all the required documentation. They have been trying to get it pushed through ASAP as we have been waiting quite some time now. Keeping our fingers crossed 

Nedge79

Thank you just a relief after so long organised a surveyor to inspect property.

Oh no least you know what the hold up has been now. I hope you find out this week before new year.

got my fingers crossed for you to. Post back when you find out good luck. 

Sonjim21

Our mortgage application was submitted on 26th November after having our offer accepted on the 19th November and receiving a DIP.
We applied using a broker (Habito). We have chased the broker several times and each time we have been told it will be another five days. We are now at 23 working days and still no offer. Fingers crossed we will hear something tomorrow. The wait is agonising. Does it usually take this long? 

Nedge79

1st house lt initially took 3 weeks in April 2021 to get mortgage approved but the seller pulled out.

this time around had another offer accepted on another house application submitted 18th November, HSBC had valuation requested 29th November passed on the 2nd December, had to send full Experian credit report 15th December. then got e-mail with mortgage offer 29th December 2021.

So 2nd time around took double the time, my broker advised they weren’t even taking calls as they are that busy.

if yours was submitted end November l would think you should hear shortly.

have They asked you for extra documentation or anything?? 

Sonjim21

The valuation was done within the first week. They have asked us a couple questions about any other house interests and if we had any additional income, but other from that nothing. We are both employed and in very stable jobs. We just keep being told it's with the underwriters and that we should get a text and email from HSBC soon. The broker seems to think we will know before they do. We are hoping for some good news today.