Skipton mortgage timeline 2022

GMortgageadvice

Does anyone know of the timeline for Skipton mortgage application process from valuation?

My timeline:
05/07 application
05/07 valuation instructed 
08/07 valuation booked

what is next?

tab99uk

skipton are very quick had my offer in with in a week

GMortgageadvice

I have noticed that Skipton have set up a direct debit in my account, is this a positive sign? 

🫣😂

I’m too scared to be hopeful!

ACG

If the valuation comes back ok, you get your offer and then solicitors take over.

The last case I sent to Skipton (I think it was May time) we had the offer in 92 minutes! It was a remortgage so slightly easier but impressive none the less. 

GMortgageadvice

Valuation has been done today, but no news as of yet. I can now understand what all the members on this forum mean by ‘anxiety levels hit the roof’ 😫

Skipton_Building_Society_Representative

Hi there! If you could message us via our social media channels with confirmation of your postcode we can provide an update for you.

GMortgageadvice

Skipton_Building_Society_Representative said:

Hi there! If you could message us via our social media channels with confirmation of your postcode we can provide an update for you.

I have messaged via Twitter 

GMortgageadvice

My valuation came back lower at £195K, I offered £214K, it was on the market for £210K. 

Broker speaking to EA to see what can be renegotiated or even if the seller is willing to meet us half way. 

Will keep updating to help those that want to know, I appreciate all the comments on here.  

GMortgageadvice

Have not heard anything back from Skipton or the EA regarding the low valuation or the Mortgage offer, stressful times 😫

GMortgageadvice

I don’t think the vendor will lower their price and am worried the mortgage will be declined because of this 

K_S

@GMortgageadvice Sorry to hear about the down-val.

What is the maximum deposit that you can put in? That will determine the options you may have with Skipton.

If the numbers don't add up, unless you are limited to Skipton for whatever reason, your broker could also try another lender that uses a different surveyor panel to Connells.