How Long Does a Mortgage Application Take?

Applying for a mortgage can be stressful enough for many people – however, it really doesn’t need to be! When looking around for the best mortgage deals, you’re going to need to make sure you compare and contrast between friendly services who can help guide you through the whole process. One of the most common questions mortgage lenders are asked from application to application is, of course, how long does the mortgage application process take?

There are many different factors which go into mortgage applications of all shapes and sizes. However, there are some routes through fast mortgage approvals which could help you claim the keys to your new home sooner than you might imagine. Fast mortgage loan approval might not always be guaranteed from lender to lender, however, it’s important to keep an open mind about how long the application process can generally take. 

How Long Will it Take for my Mortgage Application to be Approved?

On average, it will likely take a UK mortgage application up to one calendar month to process. This means, from end to end, it could take up to five weeks for you to hear whether or not you have been successful.

However, do keep in mind that this is purely an average or aggregate figure. You may find that from between applications to offer, you could have an answer in as quickly as three weeks.

The reason why this takes time to process is that there is plenty of paperwork to fill in and process! Not only will you need to undergo a credit check, but your application will be means-tested, and there will need to be various pieces of bureaucracy to complete along the way.

This is all necessary, however – as it means you can be sure your offer is protected, and that your lender has taken the time to understand your position. It is much better to give lenders time to consider your application than to accept a ‘no’ without any kind of background work!

signing documents for a new home

Is it Possible to Speed up the Process?

In some cases, it is entirely possible to speed up the mortgage application process. Your circumstances may dictate how quickly this will actually take effect; however, some lenders will be able to streamline the paperwork and bureaucracy for you.

At My Mortgage & Protection Experts, we work hard to make sure that all our applicants receive the smoothest, most efficient application process possible. While there are always going to be processes and red tape to cover, we work hard to ensure that you’re not kept waiting unnecessarily from step to step. It’s in everyone’s best interests to keep the mortgage application efficient, but just as important to ensure that it remains accurate.

Therefore – if you’re struggling to push ahead with a mortgage application, why not reach out to a leading mortgage lender who can help you get access to your dream purchase sooner rather than later? Let My Mortgage & Protection Experts help you access the best deals with accuracy and efficiency today.

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Give us a call on 03300 94 94 09 or please feel free to fill in the enquiry form on our contact page today.