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The majority of banks and building societies publish their average service standards to confirm how long they are taking to produce mortgage offers and assess applications. Some even state how long they are taking to open their post. 

With 40 days left before the stamp duty holiday finishes, there is still time to get a mortgage agreed but time is running out to complete the purchase. There is a real push to get purchases completed to avoid paying the tax but some buyers are likely to miss out.

If you are trying to purchase a property and it does not look like the searches will come back on time, it is possible to secure no search insurance and search delays policies to complete, but they can be risky, particularly on larger properties in built-up areas

Aaron Strutt, product director at Trinity Financial, says: "If you have a straightforward financial situation with a good deposit, there is a better chance your mortgage will be agreed quickly. The lenders can produce very fast mortgage offers, often in a matter of days, when you have a good credit score and their systems categorise you as low risk. 

"Mortgage lenders are taking longer than normal to assess applications for self-employed borrowers at the moment because they are spending more time making checks and going through business and personal bank statements."

Mortgage lender

Average time to produce a mortgage offer via brokers

Coventry for Intermediaries 

14 working days

Halifax for Intermediaries

10 working days

HSBC for Intermediaries

13 working days

NatWest for Intermediaries

12 working days

Virgin Money for Intermediaries

13 working days

Source: Mortgage lender websites

Call Trinity Financial on 020 7016 0790 to secure a fast mortgage offer or book a consultation 

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