TSB Mortgages... How long is normal to wait?

goldhair86

Hi there

Am currently trying to buy my first home through Shared Ownership. 

Last week I got my DIP with TSB through my broker who then submitted all the paperwork on Thursday morning. I was told that TSB are usually pretty quick at getting a decision together but as of yet I haven't heard anything and no hard search has been done (I've checked CheckMyFIle). 

I know it is still very early but I was just wondering if they haven't done the hard search yet, is that a bad sign or am I just waiting in a queue somewhere. I'm so impatient and applying for this mortgage is without a doubt one of the most stressful things I've ever done in my life!

Has anyone got any idea of what kind of time frame I'm looking at? 

K_S

@goldhair86 TSB are currently taking (on average, yours may be less or more) about 8 working days to underwrite applications once a full application is submitted. You can see the current service levels here

https://intermediary.tsb.co.uk/

I wouldn't read anything into the lack/presence of a hard search, it doesn't always update automatically.

goldhair86

K_S said:

@goldhair86 TSB are currently taking (on average, yours may be less or more) about 8 working days to underwrite applications once a full application is submitted. You can see the current service levels here

https://intermediary.tsb.co.uk/

I wouldn't read anything into the lack/presence of a hard search, it doesn't always update automatically.

Thank you! That should ease the panic some what. My MB originally told me we should hear after 3 days and yesterday was the 4th so I was wondering what the heck was happening! 

Nishyep

Hi @goldhair86...I am also on the same boat.
have you heard anything back from TSB yet.

I have got DIP and full application was done on 27/06 through MB for the new build property and valuation is booked for 13th July.

I am just curious about the timelines.

goldhair86

Nishyep said:

Hi @goldhair86...I am also on the same boat.
have you heard anything back from TSB yet.

I have got DIP and full application was done on 27/06 through MB for the new build property and valuation is booked for 13th July.

I am just curious about the timelines.

Hi 

Valuation is taking place on the 18th July.
Just seems like a long time! My application was submitted the 23rd June, so you’re doing much better than I am! Good luck though, hope it all goes well

florang1117

goldhair86 said:

Nishyep said:

Hi @goldhair86...I am also on the same boat.
have you heard anything back from TSB yet.

I have got DIP and full application was done on 27/06 through MB for the new build property and valuation is booked for 13th July.

I am just curious about the timelines.

Hi 

Valuation is taking place on the 18th July.
Just seems like a long time! My application was submitted the 23rd June, so you’re doing much better than I am! Good luck though, hope it all goes well

Hi all 

same here , application submitted 20 June. 

Valuation is done. Have asked twice for additional docs. How long should I wait? It killing me ….Did you apply through broker? 

goldhair86

florang1117 said:

goldhair86 said:

Nishyep said:

Hi @goldhair86...I am also on the same boat.
have you heard anything back from TSB yet.

I have got DIP and full application was done on 27/06 through MB for the new build property and valuation is booked for 13th July.

I am just curious about the timelines.

Hi 

Valuation is taking place on the 18th July.
Just seems like a long time! My application was submitted the 23rd June, so you’re doing much better than I am! Good luck though, hope it all goes well

Hi all 

same here , application submitted 20 June. 

Valuation is done. Have asked twice for additional docs. How long should I wait? It killing me ….Did you apply through broker? 

No idea but I hope it’s not too long. This feels like it’s been going on forever! Good news is that my valuation has been brought forward to the 13th instead of the 18th. I always thought it was pretty quick after a successful valuation. Good luck to you though. What other docs did they ask you for? 

Nishyep

@florang1117
just want to know when was your valuation done and after how many days they have contacted you.

florang1117

goldhair86 said:

florang1117 said:

goldhair86 said:

Nishyep said:

Hi @goldhair86...I am also on the same boat.
have you heard anything back from TSB yet.

I have got DIP and full application was done on 27/06 through MB for the new build property and valuation is booked for 13th July.

I am just curious about the timelines.

Hi 

Valuation is taking place on the 18th July.
Just seems like a long time! My application was submitted the 23rd June, so you’re doing much better than I am! Good luck though, hope it all goes well

Hi all 

same here , application submitted 20 June. 

Valuation is done. Have asked twice for additional docs. How long should I wait? It killing me ….Did you apply through broker? 

No idea but I hope it’s not too long. This feels like it’s been going on forever! Good news is that my valuation has been brought forward to the 13th instead of the 18th. I always thought it was pretty quick after a successful valuation. Good luck to you though. What other docs did they ask you for? 

They asked for the latest payslip and previous employment history etc nothing special, stressful now , tired of keep waiting 

florang1117

Nishyep said:

@florang1117
just want to know when was your valuation done and after how many days they have contacted you.

20 June for application 
27 June my MB said the valuation result seems to be ok . Luckily The valuation was came back fast. Also MB told me my application has passed the credit risk team . The final step is underwriter. Did you know any update so far? 

Nishyep

Thank you for the reply.

nope @florang1117...My valuations is booked for tomorrow.
fingers crossed...your valuation was done on 27th June and you are still waiting for the offer?

is it new house?