Barclays Mortgage Timeline 2022

Smithy566

A__L said:

A__L said:

Smithy566 said:

@A__L

Just to let you know, that's our mortgage offer finally ready - 55 Days since applying...
Tracker says that the documents are now in the post.
I hope yours aren't too far behind either, if you're still waiting.

Amazing news. We are still waiting 

69 days! We have just had confirmation that our mortgage has been approved

Wonderful news! Wow, 69 Days. I know you had some valuation complications, but it really does highlight the backlog that Barclays are working through.
I'm glad your offer is in the post!

RoseBerni

My son applied in august 12th got his offer sept 7th
word of warning - once the solicitors drawn down the money from Barclays you have 28 to exchange and complete 

my sons solicitors withdraw the mortgage money in Oct assuming they would complete / exchanged on and Then realise  they didn’t have everything from the HA

Barclays won’t don’t an extension once the funds have been requested 

My son lost his mortgage 

A__L

RoseBerni said:

My son applied in august 12th got his offer sept 7th
word of warning - once the solicitors drawn down the money from Barclays you have 28 to exchange and complete 
my sons solicitors withdraw the mortgage money assuming they would complete / exchanged on oct 23 and Then realise  they didn’t have everything from the HA
Barclays won’t do 

Sorry I don't understand this. Do you mean that once Barclays send the solicitor the funds they give you 28 days to exchange and complete?

RoseBerni

A__L said:

RoseBerni said:

My son applied in august 12th got his offer sept 7th
word of warning - once the solicitors drawn down the money from Barclays you have 28 to exchange and complete 
my sons solicitors withdraw the mortgage money assuming they would complete / exchanged on oct 23 and Then realise  they didn’t have everything from the HA
Barclays won’t do 

Sorry I don't understand this. Do you mean that once Barclays send the solicitor the funds they give you 28 days to exchange and complete?

Yes exactly that . 

my sons solicitors withdrew the money for the mortgage  in October but the sellers weren’t ready to exchange / complete they had to get a HCA form and remove the ground rent from the deeds . 

My sons solicitors were aware that there was at least one thing outstanding when they withdrew the mortgage funds as we spoke to them about this . 

But because of this they couldn’t do it within 28 days and yesterday Barclays told my son that he had lost his mortgage due to the solicitors starting the process of withdrawing mortgage funds . Even though his mortgage was valid to January once the requesting of funds are requested their is a 28 day deadline . 

So my son has had to apply at a much higher rate that will cost him over 5 years approx 7500 according to his broker 
So he’s gone from 3.6 percent to 5.6 percent over 5 years 

The brokers wrote a statement outlining the difference and she also wrote that there would have been no way the solicitors were not aware of this clause as it’s clearly written in the mortgage papers the solicitors get from Barclaysx

we plan to complain and if we don’t get a satisfactory answer and result then go to the ombudsman  

Rainbow1234

When my completion was done, integrar sent the wrong amount of money to the previous mortgage company, I contacted them about the discretion and never received a reply. Spoke to previous mortgage company who said yes they'd sent too much and they'd not been able to get hold of them to return it either. They then transferred it to my account directly. Just a heads up to check figures in case I'm not the only one they've done this to!