Barclays Mortgage Timeline 2022

rincha

Hi all,

what are peoples experience with Barclays for 2022?

My broker submitted my full application on Monday 11th April and it’s track it states case not started yet, no hard credit check or anything.

Anixyt

Hi, same here, our broker applied on the 11th and all I can see is a soft search. We were told that they are slow though. 

rincha

Nobody awaiting decision from Barclays? We sent full application on 11th and still not heard anything. So frustrating.

rincha

Finally track it has updated. Now says the following, Your mortgage application has now been reviewed and we'd like to discuss it with you. Your mortgage adviser will be in touch shortly. 

Well I emailed my broker today to chase progress so hopefully hear something tomorrow. 

LM1186

I applied with Barclays on 31/03. Valuation was completed 22/04 - still awaiting a decision. 

Anixyt

Barclays requested some extra documents which our advisor already had. Valuation was then completed and luckily it reflects the price we are paying. Now we are just waiting for the offer. Fingers crossed

rincha

Update on my progress 

11th April - broker submits full application
11th April - more documents requested 
19th April - underwriters not happy with student loan payment, request we increased deposit by £5k, we accept 
25th April - underwriters say adding council tax makes loan unaffordable, requests another increase of £5k to deposit, we accept. Broker says he will get BDM involved as this is unacceptable.
27th April - underwriters forced to recalculate everything and agreed its all fine, it was a mistake.
28th April - affordability passed, moved to valuation stage. 

What a ride so far ...

ApexW2

My experience.

- 11th April - broker submits application
- 13th April Barclays request passport docs
- 13th April - valuation approved

nothing else.

track it states - “application not started”

ApexW2

ApexW2 said:

My experience.

- 11th April - broker submits application
- 13th April Barclays request passport docs
- 13th April - valuation approved

nothing else.

track it states - “application not started”

Update: 28th April - Offer posted to solicitors. 

rincha

Great news 

rincha

Update for me today. Offer finally received. Oh the relief!!!

11th April - broker submits full application
11th April - more documents requested 
19th April - underwriters not happy with student loan payment, request we increased deposit by £5k, we accept 
25th April - underwriters say adding council tax makes loan unaffordable, requests another increase of £5k to deposit, we accept. Broker says he will get BDM involved as this is unacceptable.
27th April - underwriters forced to recalculate everything and agreed its all fine, it was a mistake.
28th April - affordability passed, moved to valuation stage. 
4th May- in person valuation carried out 
4th May - valuation approved 
5th May - case sent for final checks 
11th May - offer received