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  • FIRST POST
    • Stinkysock101
    • By Stinkysock101 12th May 18, 9:32 PM
    • 7Posts
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    Stinkysock101
    Barclays awaiting decision
    • #1
    • 12th May 18, 9:32 PM
    Barclays awaiting decision 12th May 18 at 9:32 PM
    Hi all, I'm very new here

    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 any advice would be appreciated please. Thanks
Page 1
    • minimike2
    • By minimike2 13th May 18, 12:05 AM
    • 1,952 Posts
    • 1,480 Thanks
    minimike2
    • #2
    • 13th May 18, 12:05 AM
    • #2
    • 13th May 18, 12:05 AM
    What were you told when your DIP was run?
    I am a mortgage industry professional. 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
    • Thrugelmir
    • By Thrugelmir 13th May 18, 12:17 AM
    • 58,462 Posts
    • 51,843 Thanks
    Thrugelmir
    • #3
    • 13th May 18, 12:17 AM
    • #3
    • 13th May 18, 12:17 AM
    Experian is showing that searches have been done and according to the Barclays 'track it' feature they are organising a valuation,
    Originally posted by Stinkysock101
    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.
    Financial disasters happen when the last person who can remember what went wrong last time has left the building.
    • Stinkysock101
    • By Stinkysock101 13th May 18, 7:43 AM
    • 7 Posts
    • 0 Thanks
    Stinkysock101
    • #4
    • 13th May 18, 7:43 AM
    • #4
    • 13th May 18, 7:43 AM
    What were you told when your DIP was run?

    Not a great deal tbh, just that we had an agreement in principal.
    • Stinkysock101
    • By Stinkysock101 13th May 18, 7:45 AM
    • 7 Posts
    • 0 Thanks
    Stinkysock101
    • #5
    • 13th May 18, 7:45 AM
    • #5
    • 13th May 18, 7:45 AM
    We're brand new to the whole process,so it's difficult not to get a little stressed. Thanks for the advice though
    • minimike2
    • By minimike2 13th May 18, 11:03 AM
    • 1,952 Posts
    • 1,480 Thanks
    minimike2
    • #6
    • 13th May 18, 11:03 AM
    • #6
    • 13th May 18, 11:03 AM
    What were you told when your DIP was run?

    Not a great deal tbh, just that we had an agreement in principal.
    Originally posted by Stinkysock101
    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.
    I am a mortgage industry professional. 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
    • Stinkysock101
    • By Stinkysock101 13th May 18, 7:56 PM
    • 7 Posts
    • 0 Thanks
    Stinkysock101
    • #7
    • 13th May 18, 7:56 PM
    • #7
    • 13th May 18, 7:56 PM
    It is through a broker, and he just told us we'd got the agreement in principle?!
    • minimike2
    • By minimike2 13th May 18, 10:39 PM
    • 1,952 Posts
    • 1,480 Thanks
    minimike2
    • #8
    • 13th May 18, 10:39 PM
    • #8
    • 13th May 18, 10:39 PM
    The question needs to be directed to your broker then. No one on the forum will know as much as what your broker does.
    I am a mortgage industry professional. 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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