Barclays Mortgage application 2024

amnblog

Barclays current average time application to full offer is 10 working days.

anoopm50

I applied for mortgage for a new build home by Persimmons in Livingston, Scotland.

Appl Date : 11 Nov
Valuation Req: 13 Nov
Actual Valuation by visiting property : 18 Nov

Now I'm waiting for the mortgage offer after valuation review.

Does anyone know whether barclays undervalue new build home by Persimmons?

How many days will bank take to issues morgage offer after valuation?

I'm tensed because the Persimmons is giving me 5% deposit, carpet and turf if I do the completion before their December shutdown.

Astroid30

If it helps, ours came back on valuation so no issues at all. We also bought from Persimmon. 

anoopm50

Astroid30 said:

If it helps, ours came back on valuation so no issues at all. We also bought from Persimmon. 

How much time did they take to issue offer after valuation?

Astroid30

Our application was approved 3 working days after application subject to valuation.

Think it was instructed 12/08 and came back 19/08 without issues.

We did part exchange and from the moment we reserved to moving in was about 5 weeks (house was already built).

You can track your application on the banks website - just need your application number.

hope this helps 

anoopm50

Astroid30 said:

Our application was approved 3 working days after application subject to valuation.

Think it was instructed 12/08 and came back 19/08 without issues.

We did part exchange and from the moment we reserved to moving in was about 5 weeks (house was already built).

You can track your application on the banks website - just need your application number.

hope this helps 

Update : I got the mortgage offer yesterday.
But after that the builder notified me the address of the property they gave me in the reservation form is wrong.

What I need to do as the mortgage offer is already issued. Will the bank again go for valuation?

The change is small Old address (Removed by Forum Team) Road, new address is (Removed by Forum Team) Crescent.

There is not (Removed by Forum Team) road at all!!

Astroid30

anoopm50 said:

Astroid30 said:

Our application was approved 3 working days after application subject to valuation.

Think it was instructed 12/08 and came back 19/08 without issues.

We did part exchange and from the moment we reserved to moving in was about 5 weeks (house was already built).

You can track your application on the banks website - just need your application number.

hope this helps 

Update : I got the mortgage offer yesterday.
But after that the builder notified me the address of the property they gave me in the reservation form is wrong.

What I need to do as the mortgage offer is already issued. Will the bank again go for valuation?

The change is small Old address (Removed by Forum Team) Road, new address is (Removed by Forum Team) Crescent.

There is not (Removed by Forum Team) road at all!!

Oh gosh. I think you need to let your mortgage adviser / broker know about what’s happened.

I’m sure it will all be resolved. Hopefully someone will come along to provide some further help with this.

anoopm50

Update: 26/11/2024

Still the bank is yet to reply to the address modification request;

After chatting with Barclays support today, they told "The case is passed back to closing to refer this to valuer and request for amended report with correct property address".

I checked trackit, but nothing is updated there. Track It is a waste of time!!!!

Does anyone know whats "closing"? Is it another team?

anoopm50

Update 02/12/2024:

Now the valuator from bank side gave a wrong address.
Actual address : (Removed by Forum Team)

Valuator Address : (Removed by Forum Team)

Now the bank has asked us to update the address with "(Removed by Forum Team)" in it. But my solicitor and builder is telling not to do it.

What should I do? My broker is asking me what to do?

Proposed completion date is 6th December 2024. Should I abandon the purchasae?

anoopm50

Hi All,

The builder interviened and contacted both valuator and bank to sort out the issue.

Offer was generated on Friday(6th Dec 2024).

Completion date set to 12th Dec 2024.

Hopefully no other issues should come up between now and then.

I have purchased a building insurance and shared it with my solicitor. Do I need to give to my broker to upload it to bank's portal?

Thanks