How long does it take to get a mortgage agreed?
More of the mortgage lenders are working efficiently and providing brokers with fast mortgage offers.
Trinity Financial has access to a range of lenders producing quick mortgage offers for applicants buying new homes or remortgaging.
Aaron Strutt, product director at Trinity Financial, says: "The biggest mortgage lenders regularly produce mortgage offers more promptly for applicants with large deposits, higher credit scores and employed roles. They are also relying more heavily on online systems and desktop valuations to speed up the process."
More of the lenders publish their processing times on their websites and the figures stated in the table below show average processing times but they can 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: 11 working days |
|
Bank of Ireland for Intermediaries |
Residential average time to offer: 8 working days |
|
Coventry for Intermediaries |
Residential average time to offer: 11 working days |
|
Santander for Intermediaries |
Residential average time to offer: 8.5 days and 10.2 for buy-to-let mortgages |
|
Skipton for Intermediaries |
Residential average time to offer: 11.62 days |
|
Nationwide for Intermediaries |
Residential average time to offer: 10 working days |
|
Principality for Intermediaries |
During February the average time to mortgage offer: 10 working days |
|
Virgin Money for Intermediaries |
Residential average time to offer: 10 working days |
|
Tesco Bank for Intermediaries |
Residential average time to offer: 7 working days |
Call Trinity Financial on 020 7016 0790 to secure a fast mortgage offer
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