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Page 346
    • elonii
    • By elonii 16th Jul 17, 1:50 PM
    • 41 Posts
    • 37 Thanks
    elonii
    Thanks guys, I'm so relieved and happy today. We have been in rented accommodation with most of our belongings in storage for 2.5 years after an international move. It's going to be like Christmas!!
    • EmmaJayne
    • By EmmaJayne 17th Jul 17, 10:51 AM
    • 9 Posts
    • 3 Thanks
    EmmaJayne
    Update
    We've had a little update today. So excited and nervous! *fingers crossed for the valuation*

    Halifax DIP: 10/07/17
    Offer accepted: 11/07/17
    Meeting with Mortgage Broker and all documents provided: 12/07/17
    House taken off market: 13/07/17
    Valuation money to Halifax: 13/07/17
    'First Mortgage' credit search appeared on Experian: 13/07/17
    Broker confirmed Halifax are OK with our documentation and the survey is being arranged: 17/07/2017
    2012: outdoor cinema tix, Lavazza coffee machine, real Christmas tree, DVDs, festival tix
    2013: 5* London Hotel stay (woo!), crisps, Wedding Fayre tix, designed lucky horseshoe[/B], Paris map
    2013 hopes: holiday (hotel stay!) & something for wedding (horseshoe!)
    • EmmaJayne
    • By EmmaJayne 17th Jul 17, 10:53 AM
    • 9 Posts
    • 3 Thanks
    EmmaJayne
    Thanks guys, I'm so relieved and happy today. We have been in rented accommodation with most of our belongings in storage for 2.5 years after an international move. It's going to be like Christmas!!
    Originally posted by elonii
    That's fab! Well done!
    2012: outdoor cinema tix, Lavazza coffee machine, real Christmas tree, DVDs, festival tix
    2013: 5* London Hotel stay (woo!), crisps, Wedding Fayre tix, designed lucky horseshoe[/B], Paris map
    2013 hopes: holiday (hotel stay!) & something for wedding (horseshoe!)
    • Jkbc90
    • By Jkbc90 18th Jul 17, 8:39 AM
    • 85 Posts
    • 34 Thanks
    Jkbc90
    Fab Elonii, I'm sure you are so excited to move everything into your own home x

    Another step in the right direction for us, seller very kindly agreed to meet us halfway with the mortgage shortfall, so happy. Updated gift deposit form sent in and now just some things behind the scenes need to be done before they release the official updated offer, fingers crossed
    • KrisLGW
    • By KrisLGW 18th Jul 17, 1:15 PM
    • 4 Posts
    • 2 Thanks
    KrisLGW
    July 6th - Valuation of Property
    July 7th - Official offer from Halifax
    Originally posted by KrisLGW
    July 24th - Due to exchange contracts

    Also, on a side note since applying for a mortgage my credit score has shot up by over 400 points :O I was shocked to get a mortgage offer with a score of just over 400 so now I feel more comfortable around the 800 mark
    • Monkeysocks85
    • By Monkeysocks85 18th Jul 17, 2:49 PM
    • 2 Posts
    • 0 Thanks
    Monkeysocks85
    Omg help! I am on verge of some kind of breakdown!


    End of May - got mortgage in principle from Accord
    7/7/2017 - Offer accepted on house
    14/7/2017 - Official application filed
    18/7/2017 - Broker confirmed the survey was done this morning


    I am just worried sick because while my partner's bank statements and credit are impeccable, I'm not so great. I live in my overdraft and have credit card debt. My credit score isn't too bad (829) and we got approved in principle to borrow a lot more than the value of the house, but the broker says it really just depends on which underwriter picks it up and its all just a waiting game.


    Surely if they've already done the survey though, that suggests they're ok with the paperwork??


    This is literally the most stressful thing!!!!
    • happytails
    • By happytails 18th Jul 17, 8:50 PM
    • 1,506 Posts
    • 9,213 Thanks
    happytails
    Joining here, had our offer accepted yesterday and spoke with MA today, we are putting our application forward tomorrow with Nationwide - eek!

    Sarah
    Sarah,

    Trying to move up the house ladder in 2017, running a business with 3 kids in tow & slowly going crazy!
    Member No43 - % Challenge
    • cjmillsnun
    • By cjmillsnun 18th Jul 17, 11:34 PM
    • 205 Posts
    • 124 Thanks
    cjmillsnun
    OK I'm in

    Joint application with my wife, I have a chequered credit history with some defaults but they will be gone within 2 years. Her credit history is good.

    Found house had offer accepted and approached broker 2/2 Broker recommended Kensington Mortgage company (the saga now starts)
    AIP 7/2
    Application submitted 8/2
    Various tooings and froings with underwriters, work and letting agents (we currently rent)
    Valuation carried out 17/2
    Offer received 28/2
    Then we hit a snag. There is a rent a roof solar panel system on the property. We were being evicted from out rented property as landlord had passed away and executors had to sell to pay IHT. We therefore were on notice to quit by end of March
    Therefore bearing in mind KMC's position on panels (this will become apparent later) we withdrew from purchase 16/3

    Approached by agent again 23/4 viewed property and had undertaking that vendors would buy out solar panel lease on completion. Revised offer submitted and accepted same day.
    revised mortgage offer received 13/5 by post. but only valid for original period to end of June.
    Final enquiries answered 21/6 but receive bombshell from Kensington. Lease has to be terminated and deed of surrender received prior to completion. Mortgage offer expires and we reapply only for underwriters to immediately come back and say lease must be terminated prior to application being approved
    .
    Broker approaches other adverse credit lenders saying "high street is out of the question" (hmmmm, we'll come back to that!)
    Precise come back with ridiculous AIP costing £150 more than previous quite from Kensington.

    Decided "what have I got to lose?" and did AIP with Halifax 13/7, and got a positive result (methinks my broker isn't very good)
    Had face to face session with Halifax MA in branch 15/7 and with ID and other necessary documentation sailed through credit scoring on application. Also advised by MA that rent a roof lease is on their approved list (not that it matters overmuch as lease is being terminated on completion)
    18/7 Had text from both Halifax MA and Agent confirming valuation for 26/7... If all is well then should be able to exchange quickly after offer received as solicitor has answers to just about any enquiry that Halifax could want (Kensington made a lot of enquiries and we were so close to exchanging before they changed their mind)

    I have quite a few more grey hairs than I did a few months ago.
    Last edited by cjmillsnun; 18-07-2017 at 11:39 PM.
    • Decorachael91
    • By Decorachael91 19th Jul 17, 11:45 AM
    • 10 Posts
    • 2 Thanks
    Decorachael91
    I apologise for the length of this but I'm so stressed!
    cjmillsnun, your sounds so similar to ours!
    I'm having a nightmare with our house buying woes. My partner and I are first time buyers. He has adverse credit which has all been sorted but is still on his credit report. Due to this we were told our only choice was kensington. Who have not made our situation easy at all. We went into this not knowing what to expect - we are both first time buyers. And the mortgage application process has been enough to riddle me with anxiety and stress.

    Kensington were very quick at the start and any information they wanted I had to hand, ready to go and they would reply back almost immediately if they ever needed more information. It started off as what you would expect - utilitiy bills, wage slips p60 etc, then they wanted a breakdown of our monthly outgoings. We finally got our DIP through and began the mortgage application at the end of May. We did things a bit backward - put an offer in on a house before we got a DIP. The offer was accepted. Everything seemed great - going smoothly - vendors were in no rush, there is no chain. Then Kensington started asking for information on my partners adverse credit - understandable, they are well within their rights as they wanted a certificate of satisfaction and a statement explaining the reason behind the debt - he did all of that. Then my relatives have been kind enough to gift us some money to help with our deposit - Kensington wanted gift letters and proof and ID from my relatives and a letter explaining why this money had been gifted. They did this very quickly everything was sent through speedily. Then kensington wanted work and landlord references - okay...so we wait for those to come through. Neither of our employers or landlord receive anything. Kensington are adamant they have sent the documents - still nothing. EVENTUALLY emails are received and it turns out they just want a references for my partner. So both parties fill out the forms and send them back. THEN kensington want proof my partner has lived at our current address for the amount of time we are claiming - photocopy a council tax bill and send it off with our mortgage advisor. All done and dusted.

    THEN - kensington deal another blow - the gifted amounts - they want my relatives bank statements for proof of seeing the amount go into my account. That was a moment when it was all up in the air because one of my relatives refused outright to do it - I understand, someone's bank account is private so I understood his concerns - anyway he eventually changed his mind and kindly obliged to submit the proof. I thought "phew!" What else could possibly go wrong?!
    We hear nothing for two weeks, apart from hearing back from our MA to say hes still chasing them up. Eventually we hear that they have done the valuation survey and the entire application is now being processed and apparently they are backlogged and that we should expect a response in 6 days.

    So - we heard back last week to say that the survey was conducted and that the report says potential asbestos may be in the property and that for now the mortgage has been declined. We were told this last Thursday. I was devastated - I had three days of just bursting into tears anytime I thought about it. I'm not the most positive person and I'm a very anxious person - such a worrier. And it's been very hard for me to stay positive and level headed throughout this lengthy process.
    My partner and I have tried our hardest to jump through hoops over absolutely every single thing Kensington have asked if us for. I've prided myself in being on the ball with their requests.

    So now we are at the point where an asbestos survey is being carried out on the house today - we offered to pay half of the report but the vendors have insisted on paying for it. We are very lucky in the respect that we have extremely understanding vendors. And they understand the love we have for this house. The house has been recently renovated - there is a 6 year old roof - the man who has lived there along with his family for over 30 years is a well known successful and local plumber with family in the building trade - everything in that house has been done by either him or a trained tradesman.

    They actually rang us the day we were notified of the "potential asbestos" and they were as shocked as we were and explained, they are obviously concerned and if there is some trace somewhere they need to get it sorted. They said that the surveyor was at the house for less than 10 minutes and didn't really say a word and then left. He didn't seem very thorough. Which is another thing that has annoyed me with Kensington - we asked for a homebuyers survey to be done as they offer a free basic survey with their mortgage. But we asked for a homebuyers one and obviously we were willing to pay the amount. Nope. We weren't contacted about one so they just went ahead and did the basic one. Which I was so angry about.

    This situation has really tested me. I've not slept much I've not eaten much and I try to remain positive but my god what else could they possibly throw as us? I would just like some good luck right about now. I love this house so much I have no idea what will happen if asbestos is found.

    I hope everyone gets their mortgage approvals soon, my fingers are crossed for all of you!
    Last edited by Decorachael91; 19-07-2017 at 11:59 AM.
    • cjmillsnun
    • By cjmillsnun 19th Jul 17, 11:52 AM
    • 205 Posts
    • 124 Thanks
    cjmillsnun
    Kensington have been nothing but a pain. I don't know if you have tried a DIP on some of the high street lender's websites? I had adverse credit that is sorted but still on my credit file, but got accepted by Halifax, Obviously as someone unqualified and also as per MSE's rules I cannot recommend either a broker or a lender, but look at lenders that do a soft search on credit files and have a go. It can't hurt, and got me back in with a shot of a house both my wife and I want.
    Last edited by cjmillsnun; 19-07-2017 at 11:55 AM.
    • Decorachael91
    • By Decorachael91 19th Jul 17, 1:39 PM
    • 10 Posts
    • 2 Thanks
    Decorachael91
    Kensington have been nothing but a pain. I don't know if you have tried a DIP on some of the high street lender's websites? I had adverse credit that is sorted but still on my credit file, but got accepted by Halifax, Obviously as someone unqualified and also as per MSE's rules I cannot recommend either a broker or a lender, but look at lenders that do a soft search on credit files and have a go. It can't hurt, and got me back in with a shot of a house both my wife and I want.
    Originally posted by cjmillsnun
    We haven't checked any others, no. We were under the impression that it would be hard for us to get a high street one. And I'm worried if we did try - we'd be refused on my partners credit and then that would go against our credit score.
    Right now I suppose we still have some sort of hope.
    It is interesting to know that you were accepted by a high street lender though.
    • KrisLGW
    • By KrisLGW 19th Jul 17, 4:16 PM
    • 4 Posts
    • 2 Thanks
    KrisLGW
    We haven't checked any others, no. We were under the impression that it would be hard for us to get a high street one. And I'm worried if we did try - we'd be refused on my partners credit and then that would go against our credit score.
    Right now I suppose we still have some sort of hope.
    It is interesting to know that you were accepted by a high street lender though.
    Originally posted by Decorachael91
    Take a look at page 344, post #6877. You will see my very recent story and hopefully it will give you some positive thoughts about your application. We had very poor credit reports and scores, but we got accepted without any issues. We did have a large deposit £40k+ but still don't write off the high street lenders.

    Must also add we have had a fantastic broker to help us wrap it all up into an attractive package for the lender but I was convinced that anything that could go wrong, would do so, but in the end it hasn't and we will be exchanging contracts on Monday.
    Last edited by KrisLGW; 19-07-2017 at 4:19 PM.
    • happytails
    • By happytails 19th Jul 17, 8:18 PM
    • 1,506 Posts
    • 9,213 Thanks
    happytails
    Joining here, had our offer accepted yesterday and spoke with MA today, we are putting our application forward tomorrow with Nationwide - eek!

    Sarah
    Originally posted by happytails
    Mortgage advisor submitted our application today - it was accepted by Nationwide. They're now arranging a valuation - the waiting game starts!
    Sarah,

    Trying to move up the house ladder in 2017, running a business with 3 kids in tow & slowly going crazy!
    Member No43 - % Challenge
    • Jkbc90
    • By Jkbc90 20th Jul 17, 8:34 AM
    • 85 Posts
    • 34 Thanks
    Jkbc90
    Text received yesterday from Nationwide, they have approved our updated valuation this was because the vendor dropped the price. The only piece of paperwork to be looked at now is the gift deposit form. Fingers crossed we get an offer before the weekend.
    • R&C
    • By R&C 20th Jul 17, 6:58 PM
    • 241 Posts
    • 71 Thanks
    R&C
    Bit late to this really but thought I'd post anyway incase some one else finds it helpful!

    We are current Nationwide customers looking to port our existing mortgage & borrow more. Our current LTV is 55% and we are making a rather large jump to 85%.

    We applied for a DIP in April after putting our house on the market but I was then made full time by the time we actually found a house so the change in circumstances made the application less straightforward & to be honest a bit of a bloody headache.8 think we'd still be waiting for our revised DIP if we'd not hassled Nationwide relentlessly!

    Anyway:
    June 12th Viewed a house made an offer the same day
    June 15th Offer finally accepted
    June 15th Called Nationwide for a revised DIP and it was referred due to amount of borrowing
    July 6th FINALLY get our revised DIP.
    July 11th Full Mortgage Application
    July 20th Valuation
    July 20th Mortgage offer

    So it took us 5 weeks from DIP to offer. But only 9 days from application to offer. So just be prepared that if your DIP gets referred it can be a lengthy process & make sure you keep on at them as they won't call you if there's a document missing, you have to call them!
    • goodwithsaving
    • By goodwithsaving 20th Jul 17, 7:31 PM
    • 646 Posts
    • 988 Thanks
    goodwithsaving
    Bit late to this really but thought I'd post anyway incase some one else finds it helpful!

    We are current Nationwide customers looking to port our existing mortgage & borrow more. Our current LTV is 55% and we are making a rather large jump to 85%.

    We applied for a DIP in April after putting our house on the market but I was then made full time by the time we actually found a house so the change in circumstances made the application less straightforward & to be honest a bit of a bloody headache.8 think we'd still be waiting for our revised DIP if we'd not hassled Nationwide relentlessly!

    Anyway:
    June 12th Viewed a house made an offer the same day
    June 15th Offer finally accepted
    June 15th Called Nationwide for a revised DIP and it was referred due to amount of borrowing
    July 6th FINALLY get our revised DIP.
    July 11th Full Mortgage Application
    July 20th Valuation
    July 20th Mortgage offer

    So it took us 5 weeks from DIP to offer. But only 9 days from application to offer. So just be prepared that if your DIP gets referred it can be a lengthy process & make sure you keep on at them as they won't call you if there's a document missing, you have to call them!
    Originally posted by R&C
    That's helpful, thank you. I'm porting my Nationwide mortgage. Last time my LTV was 78% whereas now it's 73%, I'm just hoping it'll be okay. The valuation is tomorrow so I hope I hear the same day as you did, otherwise it's a weekend wait
    Every time you borrow money, you’re robbing your future self. –Nathan W. Morris
    • happytails
    • By happytails 20th Jul 17, 10:19 PM
    • 1,506 Posts
    • 9,213 Thanks
    happytails
    Mortgage submitted 19th July
    Valuation booked for 26th July
    Sarah,

    Trying to move up the house ladder in 2017, running a business with 3 kids in tow & slowly going crazy!
    Member No43 - % Challenge
    • cjmillsnun
    • By cjmillsnun 20th Jul 17, 11:10 PM
    • 205 Posts
    • 124 Thanks
    cjmillsnun
    Mortgage submitted 19th July
    Valuation booked for 26th July
    Originally posted by happytails
    Same date as my (latest) valuation... Good luck
    • happytails
    • By happytails 21st Jul 17, 7:47 AM
    • 1,506 Posts
    • 9,213 Thanks
    happytails
    Same date as my (latest) valuation... Good luck
    Originally posted by cjmillsnun
    Thanks! Hoping they give me a mortgage offer by next weekend, I really hate waiting but there is nothing I can do at the moment. Waiting on my buyer to book a valuation report on my house - she is a cash buyer but said she wants one and was allegedly booked one yesterday so i will await my phone call!
    Sarah,

    Trying to move up the house ladder in 2017, running a business with 3 kids in tow & slowly going crazy!
    Member No43 - % Challenge
    • darkman13
    • By darkman13 21st Jul 17, 8:53 AM
    • 76 Posts
    • 5 Thanks
    darkman13
    Anyone one applied via virgin recently? How long and how was the process?
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