Barclays awaiting decision

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Stinkysock101
Stinkysock101 Posts: 7 Forumite
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in Mortgages & endowments
Hi all, I'm very new here :wave:

So we have had our AIP, Experian is showing that searches have been done and according to the Barclays 'track it' feature they are organising a valuation, however, the 'declarations' section is stating not started on track it, yet they were sent over 2 weeks ago!! Its all very confusing. If they are organising a valuation, does that mean we have been approved for the mortgage. Also, both our credit scores are classed as fair, yet we have no CCJ's or defaults, all payments are up to date and not a huge amount of debt between us, and we are on the electoral roll, so how can the credit scores only be fair?!

Its all very confusing and frustrating :wall::wall::wall: any advice would be appreciated please. Thanks

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  • minimike2
    minimike2 Posts: 2,210 Forumite
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    What were you told when your DIP was run?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    Stinkysock101 wrote: »
    Experian is showing that searches have been done and according to the Barclays 'track it' feature they are organising a valuation,

    Searches are also conducted elsewhere. Not just the CRA's. Without a survey there can be no mortgage offer.

    There's little point in attempting to second guess what's happening. Once your solicitor receives the mortgage offer. You'll have weeks of waiting while the purchase process proceeds. Getting stressed out will do you no favours.
  • Stinkysock101
    Stinkysock101 Posts: 7 Forumite
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    What were you told when your DIP was run?

    Not a great deal tbh, just that we had an agreement in principal.
  • Stinkysock101
    Stinkysock101 Posts: 7 Forumite
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    We're brand new to the whole process,so it's difficult not to get a little stressed. Thanks for the advice though
  • minimike2
    minimike2 Posts: 2,210 Forumite
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    Stinkysock101 wrote: »
    What were you told when your DIP was run?

    Not a great deal tbh, just that we had an agreement in principal.

    Was this done through a broker? Barclays DIP system gives a lending decision, so you should have been given something stronger than just an AIP.
  • Stinkysock101
    Stinkysock101 Posts: 7 Forumite
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    It is through a broker, and he just told us we'd got the agreement in principle?!
  • minimike2
    minimike2 Posts: 2,210 Forumite
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    The question needs to be directed to your broker then. No one on the forum will know as much as what your broker does.
  • alix666
    alix666 Posts: 1 Newbie
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    Hi my broker has said that the status with barclays show satifisfied with everythink including valuation today the status shows that awaiting final underwriter assesment is this a good sign ?
  • watch3r
    watch3r Posts: 140 Forumite
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    alix666 said:
    Hi my broker has said that the status with barclays show satifisfied with everythink including valuation today the status shows that awaiting final underwriter assesment is this a good sign ?
    How long did you wait for valuation? 
    You should get an offer shortly I think that they need to sign off the valuation. 
    Im at the stage of underwriting before valuation. What was you timescale ? 
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