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Mortgage chances
Barry627
Posts: 13 Forumite
Hi,
wr have recently submitted our mortgage application with Barclays. So far we have
DIP/hard/affordability search 15/3
application submitted 22/3
valuation booked 23/3
declaration requested/returned 24/3
Is this a good sign the application is processing well? Affordability wise we have no debts or loans only phone contracts and Barclays have put our maximum affordable payment at £1983 a month and the mortgage we requires comes in at £690 a month. My only concern is a have a default from 4 years ago (settled 1 month after default). We have 10% deposit. Anyone that has similar experience or knowledge would be greatly appreciated.
wr have recently submitted our mortgage application with Barclays. So far we have
DIP/hard/affordability search 15/3
application submitted 22/3
valuation booked 23/3
declaration requested/returned 24/3
Is this a good sign the application is processing well? Affordability wise we have no debts or loans only phone contracts and Barclays have put our maximum affordable payment at £1983 a month and the mortgage we requires comes in at £690 a month. My only concern is a have a default from 4 years ago (settled 1 month after default). We have 10% deposit. Anyone that has similar experience or knowledge would be greatly appreciated.
Thanks.
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