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Roughly how long until mortgage offer?

10 replies

Thenextthreeweeks · 08/08/2021 12:51

Hello,
Recently applied for a mortgage. Sent off all documentation and the valuation is booked in for Tuesday 10th. I know it depends on circumstances but in your experience how long did you have to wait between valuation and offer?

Thanks very much Smile

OP posts:
Mizydoscape · 08/08/2021 13:03

We had to wait 2 weeks! But I think it was because my OH is paid weekly and we were relying on his regular overtime towards affordability. Or it may have been just because Covid like everything else 🤷‍♀️

99Red · 08/08/2021 13:21

We waited 3 days between valuation and offer with Nationwide. Ours was a physical valuation, I saw online that people who had a desktop valuation got offers the same day.

Andthenanothercupoftea · 08/08/2021 13:37

We had our offer approved "pending valuation", then it was approved the same working day as the valuation (which was only a paper one- it may take longer if they actually go and visit).

bananananadakrie · 08/08/2021 13:50

Ours only arrived earlier this week around two and a half weeks after the valuation. And our solicitor still doesnt have the instructions.

Itscoldouthere · 08/08/2021 14:48

Our has been complex so about 6 weeks, mortgage offer sent a week after valuation survey, but it’s been encrypted and my brokers can’t access it so they are now waiting for it to arrive by post (WTF)

fellrunner85 · 08/08/2021 17:40

Four months, with the initial bank- no idea why as a totally standard application. Nightmare. They just kept saying it was being done, but Covid delays etc.
We ended up going with HSBC instead as couldn't wait any longer; they only took 3 days.

Agadorsparticus · 08/08/2021 17:53

Took 3 weeks with Santander, very straight forward finances and low LTV. I think there's just a backlog.

Agadorsparticus · 08/08/2021 17:55

The 3 weeks was from original application to offer, valuation was a desktop one and offer came through an hour later.

Sorry should have read the OP properly.

readytosell · 08/08/2021 21:05

I was told with nationwide about 21 working days turnaround time. Not expecting any issues but even so thought that was quite a long time.

FrostyGirl66 · 08/08/2021 21:52

Ours was 8 weeks to get a 'yes'. valuation booked for this Friday so god knows how long to get the official approval!

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