Platform mortgage timeline

megan929

Hi.
Just wondering if anyone has applied for a platform mortgage recently and what the timeframe was from application to mortgage offer?
we applied to port our mortgage and borrow more, that was 4 weeks ago. We have been told it can take up to 10 weeks... hoping it might be quicker as we will be holding the chain up if it takes that long! 

Called yesterday and was told there would be no updates until it is done. 

Thanks

nakiwala123

We ported and borrowed more with Platform last year. We started our application mid-July and mortgage offer came through mid-October. There is a thread on here where people who are waiting for mortgages with platform post their timelines. It is worth you joining them and seeing how things are at the moment with them. It took 52 working days for ours so if they told you 10 weeks, it won't be sooner I'm afraid. 

From that thread, it seemed to me that new customers actually had decent timescales but us, existing customers had very long timescales since it would cost us to move another bank. 

I will say though, when we applied, they had very competitive rates. We switched both our initial mortgage and the extra borrowing in January to their 2 yr fix on 1.19% 60% LTV. Switching was very smooth but then we did go for the unadvised switch as we knew the advised one would take longer.