Mortgage Approval Timescales
Thew typical timescale for a remortgage are as follows
- preparation of documents by you - typically 15 days
- Internal assessment and recommendation and review procedure- 2 days
- Application for approval in principle to lenders 7 days
- Valuation and loan offer 10 days
- Closing and legals 20 days
So please allow two months to have your new mortgage in place and please remember that having all your documents ready and complete really speeds up the process.