How long for Loan Pack?

[Dace69]

Can anybody tell me how long it normally takes for the Bank to send the Loan Pack to the Solicitor and is this taking longer now that the Banks are tightening up?

 

[LDFerguson]

Can anybody tell me how long it normally takes for the Bank to send the Loan Pack to the Solicitor and is this taking longer now that the Banks are tightening up?

Service levels vary widely from one lender to another. It used to be less than a working week once you had submitted all the required information. In the last few weeks, backlogs have arisen which have caused delays of two and three weeks.

 

[Dace69]

Thanks for that. I guess the Banks being more particular about lending has created a backlog, alright.

 

[peterwilson]

Sorry to drag this up but has anyone any recent experience of how long it takes for the loan pack to be sent out?

Thanks

 

[NorfBank]

Less than a week depending on lender.

 

[TheBigD]

My bank (AIB) had the loan packs to solicitor in around 5 working days.