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    • Anna Rose
    • By Anna Rose 10th Nov 17, 10:49 AM
    • 1 Posts
    • 0 Thanks
    Anna Rose
    Want to Join
    I really wana take that opportunity if its available for further process and this gives lot of confident to applicant.
    • Firsttimebuyers
    • By Firsttimebuyers 10th Nov 17, 1:39 PM
    • 43 Posts
    • 6 Thanks
    Firsttimebuyers
    7/11 Spot a property reduced that afternoon on Rightmove which was previously out of our price range
    7/11 View the house
    8/11 Offer Accepted for £135k
    9/11 New DIP for £135k with Natwest goes through
    10/11 Broker is putting in the full application today
    10/11 Application in
    10/11 Valuation Fee taken from Natwest


    Things are moving quite quickly, praying there's no hiccups and they issue an offer before the end of the month!


    Edit, Valuation booked in for Monday 13th - amazed at how quick Natwest have been
    Last edited by Firsttimebuyers; 10-11-2017 at 4:39 PM.
    • tkel01
    • By tkel01 10th Nov 17, 7:53 PM
    • 39 Posts
    • 7 Thanks
    tkel01
    Received Mortgage offer today......so happy!!

    Two and a half weeks start to finish with Leeds BS
    • RedfordML
    • By RedfordML 11th Nov 17, 11:01 AM
    • 706 Posts
    • 379 Thanks
    RedfordML
    Anyone been refused one due to gambling online transactions?
    • Kpossible929
    • By Kpossible929 11th Nov 17, 1:08 PM
    • 15 Posts
    • 4 Thanks
    Kpossible929
    So this may seem like a really stupid question but Iím hoping someone can clarify for me as Iím not fully understanding.

    Once youíve submitted your application with the lender and youíve paid your valuation fee. Will you know straight away whether your approved (subject to valuation) based on your credit check or whether youíve been declined or do you have to wait for that?
    • tkel01
    • By tkel01 11th Nov 17, 1:19 PM
    • 39 Posts
    • 7 Thanks
    tkel01
    So this may seem like a really stupid question but Iím hoping someone can clarify for me as Iím not fully understanding.

    Once youíve submitted your application with the lender and youíve paid your valuation fee. Will you know straight away whether your approved (subject to valuation) based on your credit check or whether youíve been declined or do you have to wait for that?
    Originally posted by Kpossible929
    It depends on the banks process....Leeds do underwriting then valuation but they book the valuatiin on the day you submit your application but will cancel it if there is a problem....once valuation is done its pretty much a formality.

    However i do believe some banks underwrite at the end of the process.....brokers usually kbow how each bank works
    • kalojac
    • By kalojac 12th Nov 17, 9:24 AM
    • 421 Posts
    • 5,360 Thanks
    kalojac
    Ive been following this for a few months now while waiting for our home to receive an offer. Here is my timeline...
    18/7 - AIP from Halifax
    25/10 - written offer on our house (accepted)
    26/10 - refreshed home report carried out on our house (sent to buyer, along with qualified acceptance)
    27/10 - offer accepted on house to purchase
    30/10 - written offer submitted requesting refreshed home report on property we hope to buy. Sol asks for written acceptance by 10/11 at 5pm
    31/10 - All requested docs sent to Broker (2 months payslips, verification of address x 2 each for me and husband, 2 forms of ID to be verified at Post Office (£10.30 per person), both credit files, 2 months bank statements.
    8/11 - full application to halifax submitted
    8/11 - both credit files show full application search
    10/11 - 4.48pm written acceptance received by solicitor no sign of refreshed home report (sol to chase on Monday). Proposed entry date 18/1/18 which my buyer is happy with
    10/11 - broker advises that application going well and hopes to get back to us soon.
    12/11 - like others on here so nervous/stressed just hoping to get over this final hurdle.
    Last edited by kalojac; 12-11-2017 at 9:37 AM.
    • Kysto1301
    • By Kysto1301 12th Nov 17, 12:32 PM
    • 3 Posts
    • 1 Thanks
    Kysto1301
    waiting on application being underwritten. I'm a new IT contractor who is 3 months into a 6 month contract, most lenders look for at least 12 months contracting history but halifax are happy to accept day 1 contractors if you have been in the same industry for over 2 years.

    My annual salary is 81,600
    Home report value is 200k
    offer accepted for 195k
    looking to put down 10% deposit.

    Nervous!
    • Frarubvio
    • By Frarubvio 12th Nov 17, 3:51 PM
    • 27 Posts
    • 11 Thanks
    Frarubvio
    Nervous
    1/11-MA got me DIP from Natwest
    7/11- Gave Ma my bank statements passport and wage slips inc 1 from b4 i started maternity leave
    Full application submitted.
    9/11- Valuation done
    Still not heard back.
    Its a consessionary purchase i think its called, buying parents house , theres 45000 left on their mortgage so hoping its valued at approx 70000 ish so we have decent equity to use as deposit.
    Im in Scotland , ftb and scared my unplanned overdraft fees showing on my bank statements are going to spoil it for me. Wasnt planning in applying for a mortgage hence why my account wasnt spotless. Been on mat leave since jan but going back in january 2018. So yea im on unpaid leave at the moment. Got so much going against me its unreal. Hoping to hear from MA by tuesday, he said lender may want written confirmation from my work about my return date etc.
    Goodluck to everyone waiting
    • Frarubvio
    • By Frarubvio 12th Nov 17, 6:01 PM
    • 27 Posts
    • 11 Thanks
    Frarubvio
    Red
    Im sure ive saw folk say gambling payments went against them but no experience myself sorry
    • charlottes
    • By charlottes 13th Nov 17, 11:06 AM
    • 5 Posts
    • 2 Thanks
    charlottes
    recently completed on a purchase, our timelines were super quick at the start
    a> Property viewing to survey instructed - 8 days
    b> All searches completed - 4 weeks
    c> Mortgage offer - 6 weeks - woolwich/barclays were painful with their mortgage admin process
    d> Exchange - 10 weeks
    e> Completion - 16 weeks
    • Frarubvio
    • By Frarubvio 13th Nov 17, 11:28 AM
    • 27 Posts
    • 11 Thanks
    Frarubvio
    Oh that is fast Firstimebuyers! Goodluck!

    Is the process different up here in Scotland ? The valuation up here was booked as soon as my full application went in and i havnt been told about a fee for that? I havnt been charged at all yet all yous seem to have 2 pay for it!?
    • kalojac
    • By kalojac 13th Nov 17, 12:33 PM
    • 421 Posts
    • 5,360 Thanks
    kalojac
    Mortgage offer received today
    • Frarubvio
    • By Frarubvio 13th Nov 17, 2:24 PM
    • 27 Posts
    • 11 Thanks
    Frarubvio
    Thats great kalojac congrats!
    • Frarubvio
    • By Frarubvio 13th Nov 17, 2:27 PM
    • 27 Posts
    • 11 Thanks
    Frarubvio
    Really starting to think mine hasnt gone well
    • Firsttimebuyers
    • By Firsttimebuyers 13th Nov 17, 2:33 PM
    • 43 Posts
    • 6 Thanks
    Firsttimebuyers
    7/11 Spot a property reduced that afternoon on Rightmove which was previously out of our price range
    7/11 View the house
    8/11 Offer Accepted for £135k
    9/11 New DIP for £135k with Natwest goes through
    10/11 Broker is putting in the full application today
    10/11 Application in
    10/11 Valuation Fee taken from Natwest
    13/11 Valuation and Homebuyers Survey Completed


    13/11 Natwest have lowered the maximum loan they'll give us by £20k - Overtime wasn't on application as didn't think was needed, gone back to them with 6 months payslips to show proof of regular Overtime - not feeling quite as confident now
    • black cat
    • By black cat 13th Nov 17, 4:17 PM
    • 665 Posts
    • 5,914 Thanks
    black cat
    Nerves...
    This is the first time we've bought and sold a house so this thread has been really helpful -
    thank you all!

    Here is my timeline...

    12/10 view house - decide we want it
    13/10 our house valued
    14/10 offer on house accepted
    18/10 our house on market
    20/10 we accept offer on our house
    25/10 meeting with mortgage adviser
    26/10 Decision in principle from Halifax
    30/10 all forms completed and delivered to solicitor
    3/11 mortgage forms completed
    10/11 valuation of house we want to buy
    13/11 mortgage offer received in post

    So, I rang my conveyancer, The sale of our house is going well (purchaser has been for a second viewing and brought his family with him so I know he's keen). However, the people we're buying from haven't sent all their paperwork off yet. Slight nerves now...
    • SassySaver88
    • By SassySaver88 13th Nov 17, 5:01 PM
    • 24 Posts
    • 9 Thanks
    SassySaver88
    Hi Guys,
    New here
    I've been loitering around reading everyone's posts.
    Completely new FTB's and its super scarey

    This is our process:

    Found Broker - 16th October
    Mortgage in Principle - 20th October
    Mortgage documents requested - 20th - 8th November
    Mortgage Approved subject to valuation - 9th November
    Valuation Requested - 9th November
    Homebuyers Requested - 9th November
    Solictors Searches Started - 10th November (estimated 10-15 days)

    Thats where we're at.
    We're so nervous yet so excited
    • SimonW90
    • By SimonW90 13th Nov 17, 5:51 PM
    • 6 Posts
    • 2 Thanks
    SimonW90
    Going to join in with everyone else, we are quite frankly.... worrying but I think that is normal as first time buyers! We are buying the house we have lived in for 3 years from my wifes Mum & Dad, we weren't in a position to buy a house when we moved here but we have basically lived here and paid rent and are now in a position to buy from them which is really exciting!

    1. AIP submitted on 03/11 with Halifax (saying we could borrow plenty more than we want/need).
    2. Waited until 08/11 for them to contact with an appointment to see mortgage adviser in branch but the system doesn't work which I found out when I rang them, booked appointment for 11/11.
    3. Full application gone in on the 11/11, credit checks done and semingly passed as they only needed 1 payslip each for proof (we had shown and calculated another AIP with adviser with the 3 we had taken and it turns out we could have lent a lot more than I had calculated due to how they add in overtime/bonuses? Also payment taken for valuation.
    4. Currently waiting on valuation....

    So nervous but we are literally praying everything goes well, hope everyone elses cases go well also! Fingers crossed for everyone
    Last edited by SimonW90; 13-11-2017 at 5:58 PM.
    • SassySaver88
    • By SassySaver88 13th Nov 17, 8:35 PM
    • 24 Posts
    • 9 Thanks
    SassySaver88
    Quick Question guys...
    In fact I have 2...

    First One...
    Is a Valuation and Home buyers report the same thing??

    Second One...
    Have paid £400 for valuation as per broker but he's suggesting that a home buyers report may be more as we're using an independant service...is this correct??
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