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Has anyone recently applied for a mortgage with Aldamore?
tppshome
Posts: 2 Newbie
Just wondering if anyone has recently applied for a mortgage with Aldamore and how long it took to receive your offer? We applied with with our broker on 17th September after being turned down by another lender. The wait is simply excruciating! Although things have moved fairly quickly.
Process time frame so far:
17th - Sep MIP
17th - Full application submitted
17th - Hard credit search
17th - Valuation instructed
22nd - Additional documents requested
22nd - Additional documents sent
26th - Valuation carried out
29th (Today) - Broker has said they've spoken to aldamore and its now been passed to an underwriter for a full assessment and we should hear from the underwriter within the next 5 working days.
Does this means we've passed this initial underwriting stage and now on to the final underwriting including the valuation? As Aldamore instruct a valuation at the start I'm not sure exactly how their process works.
Process time frame so far:
17th - Sep MIP
17th - Full application submitted
17th - Hard credit search
17th - Valuation instructed
22nd - Additional documents requested
22nd - Additional documents sent
26th - Valuation carried out
29th (Today) - Broker has said they've spoken to aldamore and its now been passed to an underwriter for a full assessment and we should hear from the underwriter within the next 5 working days.
Does this means we've passed this initial underwriting stage and now on to the final underwriting including the valuation? As Aldamore instruct a valuation at the start I'm not sure exactly how their process works.
0
Comments
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If they had major concerns, they (or your broker) could have put the valuation on hold.
It seems like everything is going as well as you would hope.I am a Mortgage AdviserYou 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.0
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