How long are the lenders taking to produce mortgage offers?
Many of the banks and building societies provide updates confirming their average processing times to produce mortgage offers.
The biggest lenders regularly produce fast mortgage offers using their online systems that collect data on your personal finances and credit score.
To secure the fastest possible mortgage offer all of the documentation requested by the lender should be submitted together with the application.
Trinity Financial has access to a wide range of lenders but not all of them publish their processing times. The figures stated in the table are average times and processing times change on a case by case basis.
Lender mortgage process time snapshot:
| Lender | Average mortgage offer time |
| Accord Mortgages (Part of Yorkshire BS) | Residential average time to offer: 10 working days |
| Bank of Ireland for Intermediaries | Residential average time to offer: 8 working days |
| Coventry for Intermediaries | Residential average time to offer: 10 working days |
| Santander for Intermediaries | Residential average time to offer: 11.7 days and 12.8 for buy-to-let mortgages |
| Skipton for Intermediaries | Residential average time to offer: 9.81 days |
| Nationwide for Intermediaries | Residential average time to offer: 8 working days |
| Principality for Intermediaries | During July 2018 the average offer times was 12 days |
| Virgin Money for Intermediaries | Residential average time to offer: 11 working days* |
*Virgin Money says it is committed to getting mortgage offers produced as quickly as possible. If the bank does not produce a fully packaged mortgage offer within 10 working days it will provide customers with £100. Terms and conditions apply.
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