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    • kingstreet
    • By kingstreet 20th Sep 16, 5:39 PM
    • 29,648 Posts
    • 15,720 Thanks
    kingstreet
    When you apply for a mortgage, you enter access details for the property you are buying.

    At some point, a surveyor appointed by your lender is going to call the number you have given to get access for an inspection visit.

    You are not going to get a mortgage offer until that inspection has been done and report returned to lender.

    Perhaps useful to re-post this here;-

    Offer agreed
    Solicitors instructed
    Sales memorandum issued by estate agent
    Purchaser applies for mortgage
    Vendor's solicitor prepares and issues draft contract to purchaser's solicitor
    Vendor completes seller's enquiry forms and returns to their solicitor
    Valuation/survey carried out
    Purchaser pays their solicitor for searches
    Searches requested by purchaser's solicitor
    Renegotiation of price due to survey findings - if required
    Mortgage offer issued
    Purchaser's solicitor receives seller's enquiry forms and raises any enquiries with vendor's solicitor
    Searches returned to purchaser's solicitor
    Responses to enquiries from vendor's solicitor to purchaser's solicitor
    Purchaser visits solicitor to go through paperwork, hand over ID and deposit
    Completion date agreed between all parties
    Contracts exchanged
    Purchaser's solicitor sends purchase funds to vendor's solicitor
    Completion takes place
    Vendor's solicitor receives purchase funds and authorises key release.

    Mortgage sub-section;-

    AIP
    Full application
    Documents submitted
    Valuation done
    Formal offer issued
    Certificate of title submitted by solicitor
    Completion.
    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.
    • Levs01
    • By Levs01 20th Sep 16, 5:40 PM
    • 84 Posts
    • 75 Thanks
    Levs01
    Thank you Levs01,

    So it means if they didnt ask for the keys from the agency then valuation is not done yet.
    Originally posted by sash_berry
    The agency would normally know if it's been done yet or not. If they haven't arranged it then it probably hasn't happened. Who's the lender?
    • yessuz
    • By yessuz 21st Sep 16, 10:05 AM
    • 115 Posts
    • 10 Thanks
    yessuz
    Well, paperwork submitted to Santander via broker (LandC)

    95% LTV. FTB. fingers crossed now.
    • ap1985
    • By ap1985 21st Sep 16, 10:09 AM
    • 86 Posts
    • 24 Thanks
    ap1985
    Well, paperwork submitted to Santander via broker (LandC)

    95% LTV. FTB. fingers crossed now.
    Originally posted by yessuz

    You will be fine I've had a really good experience with L&C.
    • hammergirl28
    • By hammergirl28 21st Sep 16, 10:33 AM
    • 19 Posts
    • 37 Thanks
    hammergirl28
    So had the decision in principle with HSBC (22% above what we are asking to borrow but given how may problems people have had on here with the difference between the in principle decision and the full offer not counting chickens yet! )

    Filled in the online application and have today posted all the documents to HSBC if the valuation comes back at around the value we are paying then we will have a LTV of 53% so hoping everything goes through smoothly. Fingers crossed they wont take too long !
    • ap1985
    • By ap1985 21st Sep 16, 10:39 AM
    • 86 Posts
    • 24 Thanks
    ap1985
    So had the decision in principle with HSBC (22% above what we are asking to borrow but given how may problems people have had on here with the difference between the in principle decision and the full offer not counting chickens yet! )

    Filled in the online application and have today posted all the documents to HSBC if the valuation comes back at around the value we are paying then we will have a LTV of 53% so hoping everything goes through smoothly. Fingers crossed they wont take too long !
    Originally posted by hammergirl28

    Good luck with the whole process.
    • dalo
    • By dalo 21st Sep 16, 2:02 PM
    • 135 Posts
    • 24 Thanks
    dalo
    Remortgage to get ex partner off the mortgage and deeds!

    31/07 Submitted online with Nationwide
    02/08 Uploaded all information requested
    04/08 Valuation booked for 10/08
    05/08 Nationwide declined due to me putting down childcare costs lower than on my tax credit form, I haven't had my new award notice so they have to use the previous income and childcare costs shown on that. They said I needed to go in branch as a longer term was needed and i'd need advise
    10/08 Valuation done and ok (yay)
    19/08 Resubmitted in branch consultant thinks no issues now and should hear this week
    30/08 Offer
    21/09 All Paperwork received by solicitor
    28/09 Potential completion date

    My advice, be absolutely sure when buying a house with someone! I'll never do it again i'm only 35 it's more hassle then it's worth
    Last edited by dalo; 21-09-2016 at 2:18 PM.
    • yessuz
    • By yessuz 21st Sep 16, 5:50 PM
    • 115 Posts
    • 10 Thanks
    yessuz
    Well, paperwork submitted to Santander via broker (LandC)

    95% LTV. FTB. fingers crossed now.
    Originally posted by yessuz
    Got news today:

    "the case has now been agreed subject to the valuation."

    So now, the question is, how much they are going to value the house...

    Do they (Santander) do valuation in person, or they use local estate agents, or what is the process?
    • Shmo
    • By Shmo 21st Sep 16, 5:53 PM
    • 51 Posts
    • 18 Thanks
    Shmo
    L&C just got me an offer from Coventry BS in 9 days which was rather impressive to me. That includes time spent waiting for physical documents to arrive showing proof of address as everything seems to be done by email these days.

    Nothing left to do now except badger the solicitor and check rightmove f̶o̶r̶ ̶b̶e̶t̶t̶e̶r̶ ̶p̶r̶o̶p̶e̶r̶t̶i̶e̶s̶ to confirm I made the right choice.
    • kingstreet
    • By kingstreet 21st Sep 16, 6:13 PM
    • 29,648 Posts
    • 15,720 Thanks
    kingstreet
    Do they (Santander) do valuation in person, or they use local estate agents, or what is the process?
    Originally posted by yessuz
    A panel of national chartered surveyors such as Esurv, L&G, Connells, Countrywide etc is used and your valuation will be "panelled" to one of them.
    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.
    • ap1985
    • By ap1985 22nd Sep 16, 9:05 AM
    • 86 Posts
    • 24 Thanks
    ap1985
    L&C just got me an offer from Coventry BS in 9 days which was rather impressive to me. That includes time spent waiting for physical documents to arrive showing proof of address as everything seems to be done by email these days.

    Nothing left to do now except badger the solicitor and check rightmove f̶o̶r̶ ̶b̶e̶t̶t̶e̶r̶ ̶p̶r̶o̶p̶e̶r̶t̶i̶e̶s̶ to confirm I made the right choice.
    Originally posted by Shmo

    I have to say L&C are so good at pushing the Lenders
    • Levs01
    • By Levs01 22nd Sep 16, 11:57 AM
    • 84 Posts
    • 75 Thanks
    Levs01
    We have our mortgage offer this morning

    Just need to get the BTL remortgage finalised now
    • ap1985
    • By ap1985 22nd Sep 16, 12:54 PM
    • 86 Posts
    • 24 Thanks
    ap1985
    We have our mortgage offer this morning

    Just need to get the BTL remortgage finalised now
    Originally posted by Levs01

    Congratulations
    • chrislee2810
    • By chrislee2810 22nd Sep 16, 1:35 PM
    • 75 Posts
    • 51 Thanks
    chrislee2810
    We have our mortgage offer this morning

    Just need to get the BTL remortgage finalised now
    Originally posted by Levs01
    Congratulations
    • chrislee2810
    • By chrislee2810 22nd Sep 16, 1:37 PM
    • 75 Posts
    • 51 Thanks
    chrislee2810
    We had a few issues with our accounts (wife self employed). Advisor has spoken to the mortgage company and they seem OK with it. I have to say that I have a great mortgage advisor and I completely understand their worth. Our guy is extremely thorough which is refreshing.
    • chromac
    • By chromac 22nd Sep 16, 1:59 PM
    • 29 Posts
    • 6 Thanks
    chromac
    Applying through TSB first mortgage - household income of £52,000 and 4 missed payments on my CC last year. as well as a two-year-old default (settled paid in full - <£100) I was sceptical (especially after failing to mortgage 7 months ago)

    Timeline of things so far:

    18/09 - DIP obtained
    19/09 - house Reserved
    20/09 - Full mortgage app submitted
    20/09 - Valuation Fee took
    21/09 - All Quiet
    22/09 - TSB requested gifted deposit letter(s) (3 parties clubbing together)
    22/09 - Surveyor has been on seen the house this morning, by all accounts was very happy with the price structure (we did get a cracking deal)

    This is on the H2B EL scheme.

    Best of luck to everyone on here - hands down one of the most nail biting times of my life.
    • obay
    • By obay 22nd Sep 16, 3:16 PM
    • 204 Posts
    • 33 Thanks
    obay
    My valuation went through 100% ok!!! 24 hrs now for an offer!!
    • ap1985
    • By ap1985 22nd Sep 16, 3:18 PM
    • 86 Posts
    • 24 Thanks
    ap1985
    My valuation went through 100% ok!!! 24 hrs now for an offer!!
    Originally posted by obay

    All the best Obay.
    • AnnaBanana1
    • By AnnaBanana1 22nd Sep 16, 4:51 PM
    • 12 Posts
    • 1 Thanks
    AnnaBanana1
    Hi all. Thought I'd join in with this thread.
    After house hunting for 6 months we finally found the perfect house in our preferred area. Our offer was accepted last week.
    We are first time buyers. Got an AIP (50% LTV) with Nationwide last Friday but couldn't submit our full application as had to wait on our bank sending us some documents.
    Full application went in today.
    I have already had two texts from Nationwide, one saying that a valuation has been instructed and the second that they had received valuation report (we are in Scotland so I assume this is the home report?).
    I am so nervous that we will be declined - I have no idea how strict they are but they haven't asked for our bank statements, only payslips and proof of deposit monies. I hope they progress the application quickly. I've found the whole process so stressful so far!
    Good luck to everyone.
    • inspireme247
    • By inspireme247 22nd Sep 16, 5:03 PM
    • 171 Posts
    • 57 Thanks
    inspireme247
    Hi guys

    Thought I should join the club!

    I was planning to look for a house next year but the house I found was BARGAIN, through my family's friends they wanted a quick sale.

    I'm a first time buyer asking for 95% and with L&C's help (Martinís recommendation) we found a deal with Halifax product. Whatís a great thing about them is Iíll get a £1000 cashback at end of my applicationÖthatíll cover all my fees!

    AIP accepted yesterday after my offer got accepted last Monday.

    Surveyor appointed next Thursday. I suspect it will be the same person who valued the house, the vendor told me that he is RCIS registered so he is a registered Surveyor (he probably will do this on behalf of mortgage companies too).

    Hopefully everything will be done under a month. Exciting times ahead!

    Good luck to everyone!
    You will only fail to learn if you do not learn from failing.

    Save 2015 - #097 £600/£7000
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