How long did Avant AIP take and the process overall?In process of switching to Avant. Have received approval in principal, house valued and all documents now submitted.
Roughly how long till drawdown- interested in others experiences?
i am in the process of switching at the moment so will report back, given the LTV should be in the 25-30% range i am expecting it to be relatively painless!
Can you give an idea of the types of additional requests?I can echo the comments relating to numerous additional requests after receiving approval but I stuck with it and it's taken about an additional month from when my solicitor requested draw down.
We finalised today and are locked in now for the 7 year fixed rate under 60% ltv and its provided great peace of mind
Can you give an idea of the types of additional requests?
Never had any marks on my credit history from loans, the only one bad mark was an unused UK current account that went into overdraft in 2016, it was resolved and account closed. The balance details are shown on the report, showing no more than -20GBP when in arrears before going to 0 and being closed. Avant want a letter from the bank with details.
It doesn't give a good impression that they will be good to deal with for any future mortgage requirements.
This is the (non-interest rate) price we have to pay in this country to try and get a rate that approaches the average European rate.
Avant are in the lucky position to pick and choose who they want.
As annoying as it is unless you've a really small mortgage or are overpaying it at a rate of knots the extra paperwork will be worth it.
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