Awaiting Mortgage offer for over 10 days

[CChann]

Our survey is done on the 16th June and I was told by Contractor Financials the underwriting is done before the survey but I'm still awaiting mortgage offer.I have just received an email for CF saying it with underwriters and will take 4 more working days.
Last week I was told It would take 2 -3 days to get a mortgage offer and CF emailed me saying they haven't got any update from Halifax.I called Halifax my self only to be told they sent out an email to CF the day before asking for my contract extension.
I started feeling they just send me emails as I'm posting in this forum(they know that) and they may not be chasing Halifax.
Is it just my application which is taking long?is it CF giving standard 3 more working days as update? or its the case for all other applications as well?I'm so confused , IFA's please advice...

[smatty]

That sounds quite quick to me, taken 4 months to get an offer through on our remortgage due to all the twatting about caused by the new rules.

[Mark McBurney@CMME]

Halifax underwriting is done at the same time, effectively, as survey....

Normally with Halifax, once the survey is received by them, they produce the offer almost straight away.

Generally, the process with Halifax is:

1. Submission
2. Instruct Survey (usually pretty quick, 2-3 working days as a guide - can take longer though obviously)
3. Survey & underwriting done at the same time
4. Survey completed and sent back to Halifax
5. Offer issued.

That's assuming that there have been no hitches, the valuation has come back ok and they don't need any further documentation. If they do ask for further docs, this tends to be prior to No. 4, in my experience.

Halifax are one of the quickest about in terms of processing at present.

[Mark McBurney@CMME]

That sounds quite quick to me, taken 4 months to get an offer through on our remortgage due to all the twatting about caused by the new rules.

Which lender, and did you go direct or through a broker?

[CChann]

Which lender, and did you go direct or through a broker?

Its Halifax and I went through Contractor Financials.
I called up halifax today and they advised they have received some documents on Friday(these were given to CF a month ago) and would take 2 days to review those

[computerguru]

Its Halifax and I went through Contractor Financials.
I called up halifax today and they advised they have received some documents on Friday(these were given to CF a month ago) and would take 2 days to review those

How is your experience with Contractor Financials? Do you recommend them?
Do they charge a fee or not?

Thanks

[CChann]

How is your experience with Contractor Financials? Do you recommend them?
Do they charge a fee or not?

Thanks

They don't charge a fee.I would never recommend them, my experience with them has been terrible

[computerguru]

They don't charge a fee.I would never recommend them, my experience with them has been terrible

Thanks for you response. Can anybody else please recommend some mortgage adviser who can secure a mortgage on daily rate basis for an IT contractor as I recently started contracting and don't have 2/3 years of accounts.

Sorry to OP for hijacking the thread

[Mark McBurney@CMME]

Its Halifax and I went through Contractor Financials.
I called up halifax today and they advised they have received some documents on Friday(these were given to CF a month ago) and would take 2 days to review those

4 months with Halifax?!? Blimey - what had changed as a result of MMR for your application?

[Mark McBurney@CMME]

Thanks for you response. Can anybody else please recommend some mortgage adviser who can secure a mortgage on daily rate basis for an IT contractor as I recently started contracting and don't have 2/3 years of accounts.

Sorry to OP for hijacking the thread

Those of us from the brokers are not really able to plug our own services, so unless you want to wait for people to respond to this thread, I'd suggest a search of the site for 'contractor mortgage' and read through the threads. As much as I am bias towards one of them, it's no use engaging a mortgage broker that you don't feel comfortable and confident with.

Good luck.