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Any one else in the process of applying for mortgage?

32 replies

GatheringRequirements · 20/06/2014 09:32

After four months of searching we found a property we liked and our offer was accepted.I have started contracting year and half ago so decided to use Contractor Financials as our broker and my problems started, it took a month from submitting the application to get the survey done and we still haven't had a mortgage offer,the brokers were so slow in responding.After calling up Halifax myself to check the progress I came to know that they need some documentation.I'm about to send them that now.I'm wondering is the mortgage approval process generally slow (because of MMR) or its because of the broker or Halifax themselves.
All in all its stressful, as the house is empty and I'm worried we might loose it.

OP posts:
alazuli · 27/05/2016 20:01

i applied for one with barclays and it took a week! so quick. was expecting it to take up to a month. also managed to get 5x my salary which i've been told is v rare. i think i just had a v good broker.

i have heard halifax take their time. good luck!

alazuli · 27/05/2016 20:04

if anyone wants my broker's details feel free to message. she's free and takes commission once the sale goes through.

user1464372267 · 27/05/2016 20:20

Freelancer Financials the brokerage arranged my mortgage with Halifax fairly quickly. It took less than a week to get a mortgage offer and managed to complete in under 3-weeks. So Halifax were pretty quick for me.

user1464372267 · 27/05/2016 20:24

Barclays is one the banks that turned me down, even though I banked with them for 20 years. They didn't like my contractor status or the fact that I didn't have two years accounts. It's a shame as they had a really good rate as well.

Contractor786 · 14/09/2016 18:51

Do you mind me asking who was your broker in this company?

gingercat02 · 14/09/2016 19:06

We are currently almost a week in ti trying to extend our current Santander mortgage. DH has been contracting for 23 months and I am quietly panicking. We have a really short simple chain and everyone wants to move in October. Hope everyone gets a yes quickly!

gingercat02 · 19/09/2016 15:04

We've just been approved Yaaaay

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