Barclays Mortgage Timeline 2021

TheTruemans

Hey, anyone else got applications with Barclays at the moment, I hear their process is a lot different from most as they do a lot on the day of application. Ours is like this and our broker said we would have a underwriting decision by Friday 4th
28/5 - Barclays DIP Accepted
28/5 - Barclays Full Application
28/5 - Desktop Valuation Approved
28/5 - Hard & Soft Credit Search
We’ve been burnt before on a Nationwide application so we’re not “Trying” to not get our hopes up. Be good to see some other people’s turn arounds. 

Also what’s our next step “IF” if get an offer back this Friday? 

Thanks 

dafssheaa

TheTruemans said:

Hey, anyone else got applications with Barclays at the moment, I hear their process is a lot different from most as they do a lot on the day of application. Ours is like this and our broker said we would have a underwriting decision by Friday 4th
28/5 - Barclays DIP Accepted
28/5 - Barclays Full Application
28/5 - Desktop Valuation Approved
28/5 - Hard & Soft Credit Search
We’ve been burnt before on a Nationwide application so we’re not “Trying” to not get our hopes up. Be good to see some other people’s turn arounds. 

Also what’s our next step “IF” if get an offer back this Friday? 

Thanks 

Hi. We were in a similar position to you with a previously declined application. Barclays accepted ours last month also on a Friday with no questions raised by the underwriters (I think this was down to our new broker doing a good job more than anything) 
Once the mortgage is approved, the offer will normally be sent to both yourself and the solicitors who will start the conveyancing process. Once you get the offer its best to look through and check for any additional requirements and make sure its correct. However your solicitors will also do this and confirm everything with you. 

TheTruemans

Thanks for your message!
Not sure weather to get a little excited but we my wife just received an email from Barclays saying “Welcome to Barclays online banking account number ending....” She already has a HTB ISA with Barclays and the account number ending matches. 

Probably just getting ahead of ourselves but not sure why we’ve had this letter through.

sheppy_1977

Thanks for your message!
Not sure weather to get a little excited but we my wife just received an email from Barclays saying “Welcome to Barclays online banking account number ending....” She already has a HTB ISA with Barclays and the account number ending matches. 

Probably just getting ahead of ourselves but not sure why we’ve had this letter through.

We appear to be on a similar timeline to your application. 

28/5 - Barclays DIP Accepted 
28/5 - Barclays Full Application 
28/5 - Physical Valuation Requested
28/5 - Hard & Soft Credit Search

Our broker told us to expect a five day wait for feedback from the underwriters, so curious to see how you progress.

mortgage_noob

Hi All, 
Seems like we're all in similar positions
25/05 - mortgage advisor call direct with Barclays. DIP and hard check done. Provisional accept
26/05 - full app submitted - mortgage advisor indicated that a physical valuation was likely needed
31/05 - notification through the Track it System that valuation has been instructed  
01/06 - Online banking letter received
01/06  - advisor calls as underwriters would like some clarification on tax (self employed case) but indicates all is looking good
02/06 - valuation on track it marked as complete - guess they didn't need a physical valuation after all!
02/06 - additional info sent to advisor

We went direct and our application includes self employment and so I'm surprised at the speed

sheppy_1977

Barclays seems to moving quite quickly.
Our broker has just called to advise our application has been approved subject to valuation. Just waiting on confirmation of when this take place.

mortgage_noob

mortgage_noob said:

Hi All, 
Seems like we're all in similar positions
25/05 - mortgage advisor call direct with Barclays. DIP and hard check done. Provisional accept
26/05 - full app submitted - mortgage advisor indicated that a physical valuation was likely needed
31/05 - notification through the Track it System that valuation has been instructed  
01/06 - Online banking letter received
01/06  - advisor calls as underwriters would like some clarification on tax (self employed case) but indicates all is looking good
02/06 - valuation on track it marked as complete - guess they didn't need a physical valuation after all!
02/06 - additional info sent to advisor

We went direct and our application includes self employment and so I'm surprised at the speed

Just got confirmation today that the offer is in the post!

sheppy_1977

Great news 👍 Our physical valuation is being completed today so hopefully no issues with that, but just discovered that local searches in our area are taking around 3 months at the minute so keen to get the offer in place so we can push on with our sale.

mortgage_noob

Good luck! 

sheppy_1977

Offer received today, so 12 days from full application pretty happy with that. Now to find new challenges to stress about!