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Mortgage offer issued based on a payslip in less than 48h
JohnBravo
Posts: 274 Forumite
Hi All,
I am quite surprised but apart from filling up the mortgage application and sending them a single payslip it was enough for the lender to issue a mortgage offer.
They haven't even asked to prove the deposit. I know that a bigger portion of the deposit sits in my bank account that is with them but nevertheless.
It's the quickest lender so far - from filing an application to their offer in less than 48h.
Does this sound reasonable to you? Or is this particular lender doing things a bit differently e.g. offloads some checks post-offer but then is more likely to withdraw at a later stage than the other lenders who take time?
Best regards
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Comments
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Yes, I applied for a mortgage with YBS, and it was approved with one payslip and one bank statement in 24hours. Applied with Skipton and it was approved with no bank statement or payslip because they verified it electronically - i got that in 24 hours too. That one felt a little bit odd tbh with you LOL!
Funds sent today within 2 hours of asking, no retraction or extra checks. Some lenders are less popular so can turn things around really quick.1 -
This can happen John, but good news for you.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.1 -
Deposit checks will be off-loaded to solicitor.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.1
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Our last one with the Halifax was offer within 48 hours of submitting the application only using payslips so yes it does happen.1
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I submitted a Skipton application for a purchase at 09:54 on 10 March and it was offered at 10:43 on the same day.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.2
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