Self Employed Application with Underwriters

Questionsbutnoanswers

Am I missing something? My broker applied for a mortgage on my behalf, with Barclays on 22 July. As expected it went to the underwriters a couple days later and it has been stuck there ever since, with delays, requests for further info... today my broker decided - enough! And proposed that I apply to Halifax as she has lost faith in Barclays. I have no idea what the underwriter is looking for - they have had EVERYTHING- Including my blood, sweat and alot of tears. I am advised that I can't step in, complaints have been raised by the broker and even attempts to get the Barclays bdm involved, but NOTHING. SHALL I just give up? (which means losing £££ because I have had to commission the homebuyers report at risk to prevent the property chain from breaking)... would a turnaround at Halifax be quicker? Is anyone having the same experience at Barclays right now?

Jemma01

Being self-employed myself, I'd advise that if you already know you want Halifax, then book an appointment (free) with them and start that way, and see what rate you get. The rate the broker finds you might be lower (or might not be, depending on what's available to them).

I just went straight to HSBC and didn't have to pay anything. They'll arrange a call with you and they will complete the form on your behalf, they'll ask you before the call what papers to submit. It is rather straightforward. Then they'll send it to the underwriter.

Remember that the first hard search will show on your record. I don't know how much of an impact that would have, maybe someone more experienced with applications can tell you.

amnblog

On no account drop your Broker and go direct to a Lender.

Barclays are a Lender that can be very fast but if it case gets stuck, it can get embarrassing.

Stick with the Broker as they know your case and will work out the best option and Halifax are a sensible alternative.

ACG

I really do not like Barclays. 
I am lead to believe they have improved but in reality I think its more a case of some go through and do not touch the sides but as amn says, if it goes wrong you are waiting forever.

Im sure most other lenders would be fine.