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  • FIRST POST
    • LuckyG
    • By LuckyG 17th May 17, 11:40 AM
    • 140Posts
    • 227Thanks
    LuckyG
    Nationwide texts
    • #1
    • 17th May 17, 11:40 AM
    Nationwide texts 17th May 17 at 11:40 AM
    Nationwide text me on Monday to say they'd received the valuation report and are currently reviewing it. They'll be in touch if they need any more information.

    Is this a standard text. I'm getting worried that there's an issue now.
Page 1
    • tykesi
    • By tykesi 17th May 17, 11:45 AM
    • 1,811 Posts
    • 2,501 Thanks
    tykesi
    • #2
    • 17th May 17, 11:45 AM
    • #2
    • 17th May 17, 11:45 AM
    So they're keeping you in the loop with the status of your application and you seem to think that's a bad thing.

    Maybe best to opt out of the texts if every one is going to send you into a fit of panic?
    £2017 in 2017 - £5396.83
    • Trickzyy
    • By Trickzyy 17th May 17, 11:51 AM
    • 24 Posts
    • 17 Thanks
    Trickzyy
    • #3
    • 17th May 17, 11:51 AM
    • #3
    • 17th May 17, 11:51 AM
    I recently purchased a property with Nationwide and this is standard practice. I quite liked the fact they did this, much less intrusive and more convenient.

    They are just keeping you updated on the progress of your application.
    I am a Mortgage Adviser

    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • LuckyG
    • By LuckyG 17th May 17, 12:01 PM
    • 140 Posts
    • 227 Thanks
    LuckyG
    • #4
    • 17th May 17, 12:01 PM
    • #4
    • 17th May 17, 12:01 PM
    So they're keeping you in the loop with the status of your application and you seem to think that's a bad thing.

    Maybe best to opt out of the texts if every one is going to send you into a fit of panic?
    Originally posted by tykesi
    I'm not in a fit of panic, I was simply asking if this is a standard text. When reading others' experiences on nationwide texts I tend to see "valuation satisfactory" as the first received text.
    • LuckyG
    • By LuckyG 17th May 17, 12:03 PM
    • 140 Posts
    • 227 Thanks
    LuckyG
    • #5
    • 17th May 17, 12:03 PM
    • #5
    • 17th May 17, 12:03 PM
    I recently purchased a property with Nationwide and this is standard practice. I quite liked the fact they did this, much less intrusive and more convenient.

    They are just keeping you updated on the progress of your application.
    Originally posted by Trickzyy
    Thank you, as I said, when reading about others' experience I was often just seeing the "valuation satisfactory" text rather than the one I had received
    • kingstreet
    • By kingstreet 17th May 17, 12:16 PM
    • 32,208 Posts
    • 17,249 Thanks
    kingstreet
    • #6
    • 17th May 17, 12:16 PM
    • #6
    • 17th May 17, 12:16 PM
    Valuation received and then valuation satisfactory are both standard.

    Sometimes you don't get 'received' because it moves straight to satisfactory.

    Don't hold you breath. We have one back on 8 May and it still hasn't been moved on to offer.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
    • amnblog
    • By amnblog 17th May 17, 12:27 PM
    • 10,020 Posts
    • 3,901 Thanks
    amnblog
    • #7
    • 17th May 17, 12:27 PM
    • #7
    • 17th May 17, 12:27 PM
    Do these txts from Lenders ever do anything other than increase worry and confusion?
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • davidmcn
    • By davidmcn 17th May 17, 12:55 PM
    • 6,071 Posts
    • 5,826 Thanks
    davidmcn
    • #8
    • 17th May 17, 12:55 PM
    • #8
    • 17th May 17, 12:55 PM
    I'm not in a fit of panic, I was simply asking if this is a standard text. When reading others' experiences on nationwide texts I tend to see "valuation satisfactory" as the first received text.
    Originally posted by LuckyG
    They need to review it before they know whether or not it's satisfactory. I wouldn't worry, until you get a text saying they've reviewed it and decided it's terrible.
    • mcpitman
    • By mcpitman 17th May 17, 1:21 PM
    • 521 Posts
    • 359 Thanks
    mcpitman
    • #9
    • 17th May 17, 1:21 PM
    • #9
    • 17th May 17, 1:21 PM
    Do these txts from Lenders ever do anything other than increase worry and confusion?
    Originally posted by amnblog

    I don't think the OP is worried or confused, a genuine query.


    I think the texts from NW were a brilliant form of communication for me when we bought last year and a step better than many lenders who don't communicate at all until either offer is produced or a decline decision is made.


    Thumbs up from me.
    Life isn't about the number of breaths we take, but the moments that take our breath away. Like choking....
    • TheDebtinator
    • By TheDebtinator 17th May 17, 3:39 PM
    • 234 Posts
    • 63 Thanks
    TheDebtinator
    Santander did this with my application. I felt it was nice and when the offer was approved it was happy days.
    • newbieFTB
    • By newbieFTB 17th May 17, 5:41 PM
    • 55 Posts
    • 9 Thanks
    newbieFTB
    How long ago did you submit the mortgage application? I had the 'valuation received' text followed immediately by the 'mortgage offered' text on the same day the valuation took place, but I believe this was because there was nearly three weeks from full application being submited to when the survey actually took place so Nationwide had time to do all their checks etc before receiving the valuation.


    My timeline was...
    Application made: 20th April
    Survey took place: 10th May
    Valuation report received: 10th May
    Mortgage offer: 10th May

    I've read numerous threads on here and other places whereby people get the 'report received' text then don't get the 'mortgage offer' text for a few days later so don't be disheartened that yours hasn't come through yet.
    • LuckyG
    • By LuckyG 18th May 17, 11:01 AM
    • 140 Posts
    • 227 Thanks
    LuckyG
    How long ago did you submit the mortgage application? I had the 'valuation received' text followed immediately by the 'mortgage offered' text on the same day the valuation took place, but I believe this was because there was nearly three weeks from full application being submited to when the survey actually took place so Nationwide had time to do all their checks etc before receiving the valuation.


    My timeline was...
    Application made: 20th April
    Survey took place: 10th May
    Valuation report received: 10th May
    Mortgage offer: 10th May

    I've read numerous threads on here and other places whereby people get the 'report received' text then don't get the 'mortgage offer' text for a few days later so don't be disheartened that yours hasn't come through yet.
    Originally posted by newbieFTB
    I think my application went in on 8th of May via a broker, valuation was 15th. Yesterday (17th) my broker contacted me to complete a gifted deposit form for Nationwide, it was because my husband has recently transferred a large sum of money into my Nationwide current account (I've applied for the mortgage solely).
    I'm hoping to hear soon
    • LuckyG
    • By LuckyG 18th May 17, 11:03 AM
    • 140 Posts
    • 227 Thanks
    LuckyG
    I don't think the OP is worried or confused, a genuine query.


    I think the texts from NW were a brilliant form of communication for me when we bought last year and a step better than many lenders who don't communicate at all until either offer is produced or a decline decision is made.


    Thumbs up from me.
    Originally posted by mcpitman
    I do like the texts but I find myself checking my phone a lot

    Yes, it was just a genuine query as I'd not seen many people mention the valuation received text.
    Thank you
    • LuckyG
    • By LuckyG 19th May 17, 7:24 PM
    • 140 Posts
    • 227 Thanks
    LuckyG
    Valuation received and then valuation satisfactory are both standard.

    Sometimes you don't get 'received' because it moves straight to satisfactory.

    Don't hold you breath. We have one back on 8 May and it still hasn't been moved on to offer.
    Originally posted by kingstreet
    Thank you, I've since had to provide proof of gifted deposit (17/5). I think it's due to my husband transferring a large sum of money into my nationwide current account just recently.
    My mortgage broker uploaded proof of this as soon as it was requested so I'm hoping to hear soon.
    Last edited by LuckyG; 19-05-2017 at 7:28 PM.
    • Thrugelmir
    • By Thrugelmir 19th May 17, 11:51 PM
    • 55,833 Posts
    • 49,198 Thanks
    Thrugelmir
    Thank you, I've since had to provide proof of gifted deposit (17/5). I think it's due to my husband transferring a large sum of money into my nationwide current account just recently.
    My mortgage broker uploaded proof of this as soon as it was requested so I'm hoping to hear soon.
    Originally posted by LuckyG
    Which then raises another question, i.e. why your husband isn't on the mortgage application. As the money will grant him a financial interest in the property.
    "Wide diversification is only required when investors do not understand what they are doing." - Warren Buffett
    • LuckyG
    • By LuckyG 22nd May 17, 10:22 PM
    • 140 Posts
    • 227 Thanks
    LuckyG
    Which then raises another question, i.e. why your husband isn't on the mortgage application. As the money will grant him a financial interest in the property.
    Originally posted by Thrugelmir
    This was on the advice of my mortgage advisor due to my husbands age.
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