1eyeonthefuture
Registered User
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There are a few timelines posted on this thread: https://www.askaboutmoney.com/threa...switching-to-avant.224972/page-4#post-1767844Morning
Currently with UB, and had started the process of switching mortgages.
We have however decided to look at moving house which will involve getting a new 50% LTV mortgage @450k.
Have therefore instructed the broker to cancel the switch application and begin a new application for a new mortgage.
Any general experiences on the time line I can expect here from those that have taken out new mortgages with Avant?
Financial position is good, they are in possession of all required docs etc.
Thanks
Note that Avant will waive any break fee if you move house:We have however decided to look at moving house which will involve getting a new 50% LTV mortgage @450k.
Have therefore instructed the broker to cancel the switch application and begin a new application for a new mortgage.
To qualify, you must take out a new mortgage with Avant Money for at least the same amount, term and within 12 months of redeeming your original mortgage. Subject to credit approval on the new mortgage
Avant Money is experiencing “significant delays” in processing mortgage applications as it struggles to meet demand, according to a number of sources in the home loan market.
[...]
Applicants are supposed to get a decision in principle within 10 days.
But sources said that applicants often have to wait several weeks for a decision at present.
Avant Money has stopped all their marketing campaigns until they get on top of their back log & are heavily recruiting as we speak
On the payment of €1.5 for Solicitor fees that ended 31st March
Our application was in on this date but do you have to drawdown before this date to get this ?
Not expecting it but be good if we do
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