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TML / The Mortgage Lender - Experiences, Timescales, General Help

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  • sherbert1964
    sherbert1964 Posts: 58 Forumite
    Second Anniversary 10 Posts Name Dropper
    Valuation booked for tomorrow  :#
  • ACG
    ACG Posts: 24,598 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    oooo... whose going to get their offer first?! (I am obviously assuming we both get offers). 
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • sherbert1964
    sherbert1964 Posts: 58 Forumite
    Second Anniversary 10 Posts Name Dropper
    Offer has got to be a banker at this point… I’m driving my MA mental with pushing it through, 2 working day turnaround for valuation review according to their website.

    How long after val review likely to see an offer? End of the week? 
  • ACG
    ACG Posts: 24,598 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    With a bit of luck. 
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • ACG
    ACG Posts: 24,598 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    I think you will win. 
    The lender has just asked for a letter from the employer on ours. 
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • sherbert1964
    sherbert1964 Posts: 58 Forumite
    Second Anniversary 10 Posts Name Dropper
    So your UW is being done while the Val is awaited?

    We requested to hold off on the val until after underwriting so we could get the val fee refunded if it all failed.

    Not bothered about winning just need the finishing line! It's the taking part that counts!
  • sherbert1964
    sherbert1964 Posts: 58 Forumite
    Second Anniversary 10 Posts Name Dropper
    @ACG, Are TML likely to run another credit search before they finalise offer?
  • ACG
    ACG Posts: 24,598 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Im not quite sure. We did everything, gave them an explanation etc. Then they came back and asked for a letter - my explanation was not enough. 

    I dont think they do. I have never had anyone tell me they have had another credit check after the application went in. 
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • sherbert1964
    sherbert1964 Posts: 58 Forumite
    Second Anniversary 10 Posts Name Dropper
    Looks like I've won! 

    Full mortgage offer received today!!

    Best of luck with your clients applications

    For anyone following this now or in the future, let me share with you my timeline journey

    15/05/23 - DIP Submitted

    16/05/23 - DIP Accepted

    17/05/23 - Mortgage application submitted with completed DD mandate and Declaration

    19/05/23 - Request for additional documentation and hard search done

    22/05/23 - All requested documents submitted for underwriter review

    26/05/23  - Requested further additional documents

    30/05/23 - All requested documents submitted for underwriter review

    02/06/23 - Requested further additional documents

    06/06/23 - Underwriting accepted and valuation instructed

    13/06/23 - Valuation carried out

    14.06/23 - Mortgage offer received



  • ACG
    ACG Posts: 24,598 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Congratulations! 
    Never doubted it for a minute but appreciate me being confident doesnt take any of the stress away. 
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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