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The lenders’ underwriting times are currently 2 to 4 weeks.
Physical and desktop valuations can take 10 to 20 days.
This is due to the number of cases being received by the lenders, the lenders’ staff working from home, and the redeployment of staff to deal with mortgage holiday applications.
We are contacting all lenders daily and updating our files.
Please try to limit update requests within these timescales. We will notify you when case updates are received. For new cases you will be able to obtain updates at any time on your portal.
Your home or property may be repossessed if you do not keep up repayments on your mortgage.
The value of your investment can go down as well as up and you may not get back the full amount invested.