How long does it take for a mortgage to be approved platform?

How long does a Platform mortgage application take? During the last six months, the average speed that Platform processed a Trussle customer’s successful mortgage application was 16 days. * That’s the same as the 16-day average across all the lenders we’ve submitted applications to.

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In this way, is platform part of Co op?

Welcome to Platform

We are a part of The Cooperative Bank p.l.c.

Herein, are platform mortgages portable? If you have a mortgage with us, you may be able to transfer the mortgage to another property when you move providing certain criteria are met. … However, as long as you complete your new mortgage with us within 6 months of redeeming and borrow the same amount or more, we will refund all or part of your ERC.

Also to know is, how do I contact a platform?

Our contact centre (0333 200 7304) is open 24/7/365 for emergency calls, whether it’s an emergency repair or other serious housing issue. If you are in immediate danger or feel threatened, please make sure you are safe and call 999 and speak to the relevant emergency service before calling us.

How will I know if my mortgage is approved?

How do I know if my mortgage will be approved? … The outcome of your mortgage application depends on proof of income, your financial commitments, and your credit rating/credit history. A broker can help assess whether your mortgage request is likely to be approved by lenders.

How long is mortgage in principle?

90 days

Which credit agency does co op bank use?

Which lenders use Experian only? There are some lenders in the UK who only check for information with Experian only. These include; Cooperative Bank, Nationwide, Vanquis, Virgin Money and Yorkshire Bank & Clydesdale Bank.

What is a platform?

1 : plan, design. 2 : a declaration of the principles on which a group of persons stands especially : a declaration of principles and policies adopted by a political party or a candidate. 3a(1) : a usually raised horizontal flat surface especially : a raised flooring.

What is a mortgage redemption statement?

What is a Redemption Statement? The redemption statement is a document, provided by your existing lender, confirming the amount owed on the mortgage account.

Is help to buy portable?

The Help to Buy mortgages have a bespoke range of products. These products are not portable as the scheme finishes, and the equity loan needs to be repaid, upon either sale of the property or at the end of the mortgage term.

How do I complain about platform housing?

Email us at info@housing-ombudsman.org.uk or use our online complaint form.

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