Anyone want to join me? Awaiting Mortgage decision...
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Hi All.
My first post... joined recently after applying for a mortgage and then waiting anxiously for a decision.
My case is slightly complex, as my partner is a sole-trader, and the purchase of the new home involves the sale of an existing home.
Came across this great forum after spending hours online, and found lots of people in a similar situation to me playing the waiting game. Thought i'd share my timeline so far, if it does help anyone else. I am applying via broker:
17/05 - DIP - Nationwide
18/05 - Full application submitted. Text confirmation rcvd.
18/05 - Text rcvd 1hr after application to confirm valuation booked for 19/05
19/05 - Text rcvd confirming valuation report now with Nationwide
27/05 - Hard search performed by Nationwide for Credit App.
---- WAITING ---- BANK HOLIDAY MONDAY ---
31/05 - Broker confirmed case with assesor
01/06 - Broker requested an additional document
02/06 - Broker chased today and clarified some confusion regarding the house I am selling
02/06 - All docs are fine and confusion cleared. Now waiting for 05/06 for hopefully the offer confirmation.
Fingers crossed!
Yaaayyyy! Got a text from Nationwide at 4pm to confirm my mortgage offer!!! Finally, a big sigh of relief. But it's not over yet - lots to go in the process before we move into the new house!
Best of luck to all of those still waiting..0 -
Yaaayyyy! Got a text from Nationwide at 4pm to confirm my mortgage offer!!! Finally, a big sigh of relief. But it's not over yet - lots to go in the process before we move into the new house!
Best of luck to all of those still waiting..
Yeahhhhhh :beer::T
Congratulations! All the best with the exchange and completion.0 -
Hello! Joining the party :wave:
Our timeline so far...
23/05 Offer accepted
25/05 Mortgage application submitted by broker
30/05 Broker requests a bunch more documents for them to have on file
02/06 A couple of queries from the lender regarding a payment (turned out to be bills) and DH's credit card (he'd paid it off since the last statement they'd received)... all answered (though waiting on Lloyds to send us some bank statements)
07/06 Broker receives all remaining docs and says underwriters need to look at them, should take around 4 working days
And now, we wait! Unfortunately, the lender the broker recommended was HSBC, which, having now read a lot of this thread, is filling me with a special kind of dread. I have £10,000+ on a personal loan (with HSBC) that I've been overpaying on for the past year. Plus, our bank statements weren't exactly in tip-top shape – we've been thinking about buying for a couple of years now but my MIL recently offered to help us with a deposit as the area we're buying in is "on the up" so it's all happened quite quickly. So we were slightly unprepared and then found somewhere perfect! If it falls through at any point I think we'll hold off for a few months and get everything a bit more in order.
We've got a full building survey happening next Thursday as the property was built in the 18040s, and underwriters should be done early next week... fingers crossed!! But if it's a no, from what I've seen here Natwest seem to turn things around quickly so maybe we'll give them a shot.0 -
This Forum is really helping my nerves!
My Timeline:
19th of May - Viewed several houses and loved one!
22nd of May - AIP with Nationwide and offer on house made!
23rd of May - offer on house accepted :j
25th of May - all paper work emailed over to MA.
26th of May - Did not like solicitors so had to find another one:mad:. and MA to delay application till 30th.
30th of May - All forms filled and sent to new solicitor. MA submitted full mortgage application. Nationwide texted to say application received.
2nd of June - Nationwide booked valuation for Monday the 5th of June! :eek::eek::eek:
So now impatiently waiting for results :eek:I love the Nationwide text service bit I keep looking at my phone!
Will update once I hear more. Everything crossed!
5th of June - Valuation received - Text from Nationwide.
7th of June - Nationwide required letter from boss confirming my start and end date of contract!
9th of June - Nationwide call me confirm details on my contract
12th of June - Nationwide text to say offer in the post :T:T:T:T:T:T:T:rotfl::rotfl::rotfl::rotfl:
:beer::j:beer::j:beer::j
So relieved!
Good luck to everyone still waiting! Definitely worth it :eek:
Off to exchange thread....:D0 -
Congrats! I'm entering week 3 of waiting for a decision from Aldermore. I'm actually planning life without the house now!0
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We just received our offer from Halifax! Happy days.
For anyone that's interested:
01/06/2017 DIP Approved.
03/06/2017 Property Reserved
05/06/2017 Full Application
06/06/2017 Valuation Scheduled
09/06/2017 Valuation
12/06/2017 Offer Received
It's been the longest twelve days of my life, but I'm so happy!0 -
Got to valuation stage with Halifax before last month, but seller pulled out day before it was due to take place so I'm hoping the fact it got to valuation stage before is a good sign. Now had offer accepted on new property.
Already have had my AIP.
05/06/17 Broker sent off for full application.
06/06/17 Broker called to confirm everything had been accepted and would be now looked at by the mortgage team. Confirmed that fee paid for previous valuation had now been transferred over to the new property.
And this is the stage where I am at. I'm not sure if I'm supposed to hear about each individual stage or if I'll just get a call once the valuation is done.
Everything is crossed.0 -
My valuation by Halifax was supposed to happen this morning on the property we are hoping to buy, surveyor didn't turn up
Gutted! Plus Halifax have asked for some clarification on my payslips which means its only just being assessed, so now I'm worrying that they pulled the plug on the valuation! Asked my MA to find out what's happening.
Congrats to those who received their offers,0 -
5th of June - Valuation received - Text from Nationwide.
7th of June - Nationwide required letter from boss confirming my start and end date of contract!
9th of June - Nationwide call me confirm details on my contract
12th of June - Nationwide text to say offer in the post :T:T:T:T:T:T:T:rotfl::rotfl::rotfl::rotfl:
:beer::j:beer::j:beer::j
So relieved!
Good luck to everyone still waiting! Definitely worth it :eek:
Off to exchange thread....:D
Many congrats Shammi! The wait was tough, but definitley worth it in the end!0
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