08 Jan 2022
How Long Can You Defer Your Mortgage?
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On average, it takes between four and six weeks for a mortgage application to be approved. There are ways to speed up the process if you need, but first, you need to understand the steps of the loan approval process.
There are many steps to the loan approval process, including:
Depending on several factors, including the complexity of your loan, communication, and the organisational levels of all the parties involved, including the seller, the valuator, the solicitor, etc., the approval process can be long and drawn out.Â
Here are a few tips to help you speed up the approval process:
The best way to speed up the mortgage approval process is by working with a mortgage broker. The brokers at Mortgage House can make the approval process less of a hassle by making sure you submit all the necessary documentation the first time. We can also help you fill out our application, ensuring all the information is correct and current. Best of all, we can act as your liaison to make the entire process seamless. Â