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  • FIRST POST
    • srik
    • By srik 21st Jun 18, 9:48 PM
    • 7Posts
    • 3Thanks
    srik
    Clydesdale Mortgage Application to Offer Timeline via broker
    • #1
    • 21st Jun 18, 9:48 PM
    Clydesdale Mortgage Application to Offer Timeline via broker 21st Jun 18 at 9:48 PM
    I am just trying to find out exactly how long on average Clydesdale bank are taking for mortgage applications made through broker. I have heard they can be very slow compared to majority of lenders

    Our Time Line
    Application made by Broker: 18/06/2018
    Valuation Instructed on: 20/06/2018
    Valuation Booked on: 21/06/2018
    Valuation Date: 27/06/2018
    Verbal Confirmation of Satisfactory Valuation: 29/06/2018
    Last edited by srik; 29-06-2018 at 1:53 PM. Reason: update information
Page 1
    • Moo437
    • By Moo437 21st Jun 18, 11:53 PM
    • 5 Posts
    • 0 Thanks
    Moo437
    • #2
    • 21st Jun 18, 11:53 PM
    • #2
    • 21st Jun 18, 11:53 PM
    We!!!8217;re also waiting on a decision from Clydesdale but they seem to process different applications in different orders - I!!!8217;m wondering if it depends on whether you!!!8217;re paying for the valuation yourself or not (we aren!!!8217;t!) - our timeline so far:

    Application submitted via broker: 31 May
    Credit check done: 11 June
    Picked up for underwriting: 13 June
    Valuation instructed: 19 June

    And that!!!8217;s it so far .......
    • amnblog
    • By amnblog 22nd Jun 18, 7:55 AM
    • 10,645 Posts
    • 4,212 Thanks
    amnblog
    • #3
    • 22nd Jun 18, 7:55 AM
    • #3
    • 22nd Jun 18, 7:55 AM
    Stone Age processes so an accurate timescale difficult.

    Expect to exercise some patience.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
    • srik
    • By srik 22nd Jun 18, 9:24 AM
    • 7 Posts
    • 3 Thanks
    srik
    • #4
    • 22nd Jun 18, 9:24 AM
    • #4
    • 22nd Jun 18, 9:24 AM
    We!!!8217;re also waiting on a decision from Clydesdale but they seem to process different applications in different orders - I!!!8217;m wondering if it depends on whether you!!!8217;re paying for the valuation yourself or not (we aren!!!8217;t!) - our timeline so far:

    Application submitted via broker: 31 May
    Credit check done: 11 June
    Picked up for underwriting: 13 June
    Valuation instructed: 19 June

    And that!!!8217;s it so far .......
    Originally posted by Moo437
    Did you have to pay for your valuation? We were given a free valuation by the bank
    • Moo437
    • By Moo437 22nd Jun 18, 9:35 AM
    • 5 Posts
    • 0 Thanks
    Moo437
    • #5
    • 22nd Jun 18, 9:35 AM
    • #5
    • 22nd Jun 18, 9:35 AM
    Yes ours was free as well but they seem to have credit checked and underwritten before valuation with ours - Every post I have read about Clydesdale seems to say different!
    • Mortgage_Adviser
    • By Mortgage_Adviser 22nd Jun 18, 11:37 AM
    • 155 Posts
    • 51 Thanks
    Mortgage_Adviser
    • #6
    • 22nd Jun 18, 11:37 AM
    • #6
    • 22nd Jun 18, 11:37 AM
    Clydesdale are one of the slowest lenders in my experience so I would only use them when I absolutely have to.
    • srik
    • By srik 28th Jun 18, 9:09 PM
    • 7 Posts
    • 3 Thanks
    srik
    • #7
    • 28th Jun 18, 9:09 PM
    • #7
    • 28th Jun 18, 9:09 PM
    Any update on yours
    • srik
    • By srik 9th Jul 18, 2:24 PM
    • 7 Posts
    • 3 Thanks
    srik
    • #8
    • 9th Jul 18, 2:24 PM
    • #8
    • 9th Jul 18, 2:24 PM
    I am just trying to find out exactly how long on average Clydesdale bank are taking for mortgage applications made through broker. I have heard they can be very slow compared to majority of lenders

    Our Time Line
    Application made by Broker: 18/06/2018
    Valuation Instructed on: 20/06/2018
    Valuation Booked on: 21/06/2018
    Valuation Date: 27/06/2018
    Verbal Confirmation of Satisfactory Valuation: 29/06/2018
    Originally posted by srik
    Our Time Line- Lender: Clydesdale
    Application made by Broker: 18/06/2018
    Valuation Instructed on: 20/06/2018
    Valuation Booked on: 21/06/2018
    Valuation Date: 27/06/2018
    Verbal Confirmation of Satisfactory Valuation: 29/06/2018
    Telephone Call from Broker to advice that file passed to underwriter: 02/07/2017
    Hard Credit Check on Experian- 02/07/2018
    Phone Call from Broker advising underwriter requesting additional documentation-05/07/2018
    Additional Documents submitted-05/07/2018
    Recevied Email and Phone call from Broker to advice application approved-09/07/2018
    • dinkylink
    • By dinkylink 10th Jul 18, 1:43 PM
    • 151 Posts
    • 95 Thanks
    dinkylink
    • #9
    • 10th Jul 18, 1:43 PM
    • #9
    • 10th Jul 18, 1:43 PM
    Our Time Line- Lender: Clydesdale
    Application made by Broker: 18/06/2018
    Valuation Instructed on: 20/06/2018
    Valuation Booked on: 21/06/2018
    Valuation Date: 27/06/2018
    Verbal Confirmation of Satisfactory Valuation: 29/06/2018
    Telephone Call from Broker to advice that file passed to underwriter: 02/07/2017
    Hard Credit Check on Experian- 02/07/2018
    Phone Call from Broker advising underwriter requesting additional documentation-05/07/2018
    Additional Documents submitted-05/07/2018
    Recevied Email and Phone call from Broker to advice application approved-09/07/2018
    Originally posted by srik

    Thanks srik, useful to know as I applied for a mortgage with Clydesdale through a broker last week
    • srik
    • By srik 13th Jul 18, 10:47 AM
    • 7 Posts
    • 3 Thanks
    srik
    Thanks srik, useful to know as I applied for a mortgage with Clydesdale through a broker last week
    Originally posted by dinkylink
    Received PDF copy of formal offer by email from broker on 12/07/18
    • Moo437
    • By Moo437 14th Jul 18, 12:26 PM
    • 5 Posts
    • 0 Thanks
    Moo437
    We!!!8217;ve still not heard after applying 31 May - approaching the 7 week mark now. Broker keeps saying it!!!8217;s normal nothing to worry about but we!!!8217;re getting really stressed out with the whole process now!
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