Skipton valuation pending information

molenpad

Our offer came through this afternoon. Yay. Hope you're in a similar position @femster82. Fingers crossed for you.

femster82

We answered the question they asked, they confirmed they have the answers they need but still no update on their side. Quite annoying now.

But congratulations, did your tracker update or did L&C inform you?

kingstreet

Here you go;-

https://www.skipton-intermediaries.co.uk/tools-and-support/service-update

molenpad

femster82 said:

We answered the question they asked, they confirmed they have the answers they need but still no update on their side. Quite annoying now.

But congratulations, did your tracker update or did L&C inform you?

The tracker only updated today, I got a text from Skipton to say it been approved, followed by an email to download our offer. A paper copy has been sent to my solicitor. The broker called me shortly after to say it had been approved.

The tracker only updated to 'offered' this morning

femster82

kingstreet said:

Here you go;-

https://www.skipton-intermediaries.co.uk/tools-and-support/service-update

This one is quite wierd, it's like they got very busy this week.
That states documents sent in are reviewed within 24 hours.
Mine had been sat with them for 48 hours.

I know this because I spoke to them before close of business in two days in a row.
Day one they said they had received the required documents and it would be checked.
Day two, they said they only got through the stuff sent in 15th March and it might be picked up today.

Hopefully it's picked up today. Not a big deal tbh, would just like to have a stress free weekend

boymama06

molenpad said:

Our offer came through this afternoon. Yay. Hope you're in a similar position @femster82. Fingers crossed for you.

Congratulations! 🎉

Would you mind me asking when did you submit your application?

Our broker submitted ours on Tuesday evening, and Wednesday morning, Skipton had requested for my and my husband’s latest P60. 

We’ve never had to submit P60s before and that’s got me spooked. 

molenpad

boymama06 said:

molenpad said:

Our offer came through this afternoon. Yay. Hope you're in a similar position @femster82. Fingers crossed for you.

Congratulations! 🎉

Would you mind me asking when did you submit your application?

Our broker submitted ours on Tuesday evening, and Wednesday morning, Skipton had requested for my and my husband’s latest P60. 

We’ve never had to submit P60s before and that’s got me spooked. 

Mine was submitted on Tuesday 8th March along with all requested documentation. The valuation was done on the 10th (in person, not desktop) which was returned to them the same day. On the Monday (13th March) they requested a secondary copy of my Wife's ID (I think possibly because we only got married in October and she had changed her name) - that was sent the same day by us, but not forwarded on by our broker until Tuesday 14th March. We received the offer on Wednesday 15th March.

The documentation they requested initially was most recent payslip each and proof of deposit, for which I just sent the latest two statements from our savings account. The broker also sent copies of our passports at the initial application stage. No P60, no bank statements, nothing like that. I'm led to believe they use Experian Open Banking to deal with all that. 

I have to say that Skipton themselves have been very good. I had to call them once directly, and the waiting times were short, and when I spoke to them they were knowledgable and friendly, and really quite helpful. 

So end to end our application took 6 working days from application to offer, which is at the short end of their current timescales.

Worth mentioning that we are a simple case but not perfect. We are not self employed, we have a moderate income with a decent level of income to debt ratio (car finance, a credit card each with a manageable balance, no other mortgages, no loans, no defaults, no CCJ's etc)

I missed a payment on a store card by 1 day over two years ago, where I closed the account and they added interest thereafter that I didn't see on my account (silly me) but they didn't ask anything further about that because I declared it at the beginning of the process.

Our LTV is pretty high, 95%, but we are only borrowing 2x our income so not stretched or anything, and the affordability assessment was done pretty quickly, with a hard credit check the day of the application.

boymama06

molenpad said:

boymama06 said:

molenpad said:

Our offer came through this afternoon. Yay. Hope you're in a similar position @femster82. Fingers crossed for you.

Congratulations! 🎉

Would you mind me asking when did you submit your application?

Our broker submitted ours on Tuesday evening, and Wednesday morning, Skipton had requested for my and my husband’s latest P60. 

We’ve never had to submit P60s before and that’s got me spooked. 

Mine was submitted on Tuesday 8th March along with all requested documentation. The valuation was done on the 10th (in person, not desktop) which was returned to them the same day. On the Monday (13th March) they requested a secondary copy of my Wife's ID (I think possibly because we only got married in October and she had changed her name) - that was sent the same day by us, but not forwarded on by our broker until Tuesday 14th March. We received the offer on Wednesday 15th March.

The documentation they requested initially was most recent payslip each and proof of deposit, for which I just sent the latest two statements from our savings account. The broker also sent copies of our passports at the initial application stage. No P60, no bank statements, nothing like that. I'm led to believe they use Experian Open Banking to deal with all that. 

I have to say that Skipton themselves have been very good. I had to call them once directly, and the waiting times were short, and when I spoke to them they were knowledgable and friendly, and really quite helpful. 

So end to end our application took 6 working days from application to offer, which is at the short end of their current timescales.

Worth mentioning that we are a simple case but not perfect. We are not self employed, we have a moderate income with a decent level of income to debt ratio (car finance, a credit card each with a manageable balance, no other mortgages, no loans, no defaults, no CCJ's etc)

I missed a payment on a store card by 1 day over two years ago, where I closed the account and they added interest thereafter that I didn't see on my account (silly me) but they didn't ask anything further about that because I declared it at the beginning of the process.

Our LTV is pretty high, 95%, but we are only borrowing 2x our income so not stretched or anything, and the affordability assessment was done pretty quickly, with a hard credit check the day of the application.

Thanks for this. It’s a great idea for timescale - hopefully ours will be the same. 

Our broker got in touch with us this afternoon to ask for bank statements. Basically, our salaries get paid into our respective personal accounts and then transferred to our joint one. Skipton were  querying why our employers names weren’t showing in the joint account statements. (Thought this might have been something our broker should’ve caught/ highlighted from the start?) 

Perhaps the cynic in me is taking over, but all these extra documents request is definitely getting me anxious!

femster82

boymama06 said:

molenpad said:

boymama06 said:

molenpad said:

Our offer came through this afternoon. Yay. Hope you're in a similar position @femster82. Fingers crossed for you.

Congratulations! 🎉

Would you mind me asking when did you submit your application?

Our broker submitted ours on Tuesday evening, and Wednesday morning, Skipton had requested for my and my husband’s latest P60. 

We’ve never had to submit P60s before and that’s got me spooked. 

Mine was submitted on Tuesday 8th March along with all requested documentation. The valuation was done on the 10th (in person, not desktop) which was returned to them the same day. On the Monday (13th March) they requested a secondary copy of my Wife's ID (I think possibly because we only got married in October and she had changed her name) - that was sent the same day by us, but not forwarded on by our broker until Tuesday 14th March. We received the offer on Wednesday 15th March.

The documentation they requested initially was most recent payslip each and proof of deposit, for which I just sent the latest two statements from our savings account. The broker also sent copies of our passports at the initial application stage. No P60, no bank statements, nothing like that. I'm led to believe they use Experian Open Banking to deal with all that. 

I have to say that Skipton themselves have been very good. I had to call them once directly, and the waiting times were short, and when I spoke to them they were knowledgable and friendly, and really quite helpful. 

So end to end our application took 6 working days from application to offer, which is at the short end of their current timescales.

Worth mentioning that we are a simple case but not perfect. We are not self employed, we have a moderate income with a decent level of income to debt ratio (car finance, a credit card each with a manageable balance, no other mortgages, no loans, no defaults, no CCJ's etc)

I missed a payment on a store card by 1 day over two years ago, where I closed the account and they added interest thereafter that I didn't see on my account (silly me) but they didn't ask anything further about that because I declared it at the beginning of the process.

Our LTV is pretty high, 95%, but we are only borrowing 2x our income so not stretched or anything, and the affordability assessment was done pretty quickly, with a hard credit check the day of the application.

Thanks for this. It’s a great idea for timescale - hopefully ours will be the same. 

Our broker got in touch with us this afternoon to ask for bank statements. Basically, our salaries get paid into our respective personal accounts and then transferred to our joint one. Skipton were  querying why our employers names weren’t showing in the joint account statements. (Thought this might have been something our broker should’ve caught/ highlighted from the start?) 

Perhaps the cynic in me is taking over, but all these extra documents request is definitely getting me anxious!

I honestly wouldn't get too spooked. Skipton has been very good as mentioned above. I have pretty much called for an update every day (just me being nervous/anxious).

My case is super complicated due to being a contractor and there were so many questions going back and forth, not many documents were requested to be fair, just questions about the setup of my contracts. The good thing is my broker had a good relationship with Skipton so he could get other people involved as we sorted things out before we sent in the application. It just happened to fall into different hands.

As of today, only one more question was outstanding which is about my plans for my current property. The frustrating thing is whenever we answer the query it then takes them two days to come back to us. 

boymama06

femster82 said:

boymama06 said:

molenpad said:

boymama06 said:

molenpad said:

Our offer came through this afternoon. Yay. Hope you're in a similar position @femster82. Fingers crossed for you.

Congratulations! 🎉

Would you mind me asking when did you submit your application?

Our broker submitted ours on Tuesday evening, and Wednesday morning, Skipton had requested for my and my husband’s latest P60. 

We’ve never had to submit P60s before and that’s got me spooked. 

Mine was submitted on Tuesday 8th March along with all requested documentation. The valuation was done on the 10th (in person, not desktop) which was returned to them the same day. On the Monday (13th March) they requested a secondary copy of my Wife's ID (I think possibly because we only got married in October and she had changed her name) - that was sent the same day by us, but not forwarded on by our broker until Tuesday 14th March. We received the offer on Wednesday 15th March.

The documentation they requested initially was most recent payslip each and proof of deposit, for which I just sent the latest two statements from our savings account. The broker also sent copies of our passports at the initial application stage. No P60, no bank statements, nothing like that. I'm led to believe they use Experian Open Banking to deal with all that. 

I have to say that Skipton themselves have been very good. I had to call them once directly, and the waiting times were short, and when I spoke to them they were knowledgable and friendly, and really quite helpful. 

So end to end our application took 6 working days from application to offer, which is at the short end of their current timescales.

Worth mentioning that we are a simple case but not perfect. We are not self employed, we have a moderate income with a decent level of income to debt ratio (car finance, a credit card each with a manageable balance, no other mortgages, no loans, no defaults, no CCJ's etc)

I missed a payment on a store card by 1 day over two years ago, where I closed the account and they added interest thereafter that I didn't see on my account (silly me) but they didn't ask anything further about that because I declared it at the beginning of the process.

Our LTV is pretty high, 95%, but we are only borrowing 2x our income so not stretched or anything, and the affordability assessment was done pretty quickly, with a hard credit check the day of the application.

Thanks for this. It’s a great idea for timescale - hopefully ours will be the same. 

Our broker got in touch with us this afternoon to ask for bank statements. Basically, our salaries get paid into our respective personal accounts and then transferred to our joint one. Skipton were  querying why our employers names weren’t showing in the joint account statements. (Thought this might have been something our broker should’ve caught/ highlighted from the start?) 

Perhaps the cynic in me is taking over, but all these extra documents request is definitely getting me anxious!

I honestly wouldn't get too spooked. Skipton has been very good as mentioned above. I have pretty much called for an update every day (just me being nervous/anxious).

My case is super complicated due to being a contractor and there were so many questions going back and forth, not many documents were requested to be fair, just questions about the setup of my contracts. The good thing is my broker had a good relationship with Skipton so he could get other people involved as we sorted things out before we sent in the application. It just happened to fall into different hands.

As of today, only one more question was outstanding which is about my plans for my current property. The frustrating thing is whenever we answer the query it then takes them two days to come back to us. 

Thank you, trying to not get too worried about the whole thing. 

Our case is a bit more straightforward than yours - both PAYE, we’re both due salary increase this minute. But our broker asked in advance about this and Skipton only required employee reference. 

How long now since you’ve submitted your application? Hoping you get your offer soon!