Skipton mortgage

Emlou71

Hi, I’ve applied via broker with skipton, 
valuation was received yesterday and on the tracker it says pending then below it says information required. The same for the underwritng. 

Any idea’s how long I can expect to wait for my offer? Full application went in 2 weeks ago. 

ACG

You might hear today, if not monday I imagine. 

Emlou71

Thank you for your reply, I spoke to them earlier on a live chat and they said the same. Panicking as my offer was accepted 6 weeks ago and another company wouldn’t offer the full amount. Vendor is getting inpatient. Skipton seem much better to be fair. 

Emlou71

I was worrying as it said pending information that the valuation was lower than offer. Fingers crossed it’s all ok!

ACG

The previous lender wouldnt offer the full amount because of you or because the property came back valued lower? 

Emlou71

Because of my affordability. Have had to go with a JBSP 

ACG

Ah ok fair enough. 

Let us know how you get on as with what you have said it sounds like it has been down valued. 

Emlou71

Will do..Do you mean because it says pending information?

K_S

Emlou71 said:

Will do..Do you mean because it says pending information?

@emlou71 I think it's because you mentioned "pending information that the valuation was lower than offer"

Perhaps it's too late in the day but your broker should be able to give them a call and find out whether the down-valuation is material (impacts your borrowing and/or rate) or not.

Emlou71

Its changed to ready to offer now

Emlou71

Sorry my wording was wrog earlier..it only said valuation received-pending information ( and i was worrying that it may have been down valued). I have since received my offer so hopefully not too much longer. Searches have been carried out already.