Mortgage application depression :(

Dark_Jester

JA1000 wrote: »

This is quite clear -

You will not meet them, you will not be able to contact them, they will not contact you, they will spend 5 mins at the property and their report will be final. I have yet to see a valuation turned over.

just like you and few other the other "experts" thought I had no chance in hell in getting this far with the HSBC underwriters?

I will deal with each hurdle as they come and will continue to ignore "haters" as I have always done in my life.

cheers

clearing_out_my_pockets

Can you confirm if you have arranced the basic valuation or a full survey?

If it's the former then you will certainly not be able to meet or contact the surveyor as their job is to reassure the LENDER that the property is a good surety for the mortgage. Their contract is not with you and they have no obligation to you.

Not sure if the same would be the case for a full survey though.

Dark_Jester

Called and confirmed, we have been provisionally accepted pending valuation, proof of salary, bank statements and my company benefits (travel, car insurance, petrol, phone and mobile bills paid for by employer). So its just the valuation that's out of my control.

Still some way to go...

Fingers crossed.

jw2003

That's good news for you, hopefully everything else runs a lot more smoothly than the last week has

Matt1982

Interesting Forum. I think points on both camps were right and wrong.

Dark Jester well done.

Dark Jester one tip though, if the valuation does come in lower dont agrue with the valuer to start with, use it has a negiotation tool with the company you are buying off.

Good luck

Dark_Jester

Matt1982 wrote: »

Interesting Forum. I think points on both camps were right and wrong.

Dark Jester well done.

Dark Jester one tip though, if the valuation does come in lower dont agrue with the valuer to start with, use it has a negiotation tool with the company you are buying off.

Good luck

I like your idea in regards to the valuation. Will give it a go if that happens.

Still not over. Im glad to have made it this far, its been a crazy week!

Dark_Jester

Conrad wrote: »

Well done, it looks like you've had a sucess.

In my long experience there are 2 types of broker;

Those that fight and battle with underwriters and get results

Those of a 'training / rule book' mentality that do the opposite.

'Experts' I agree are very often wrong whether they be Oxford academics, social workers ("we'll ensure we never have another Victoria Klumbae"), IT programmers without common sense (getting it wrong seems to be apre - requisite) or GP's. Brokers are no exception - and often get it wrong, myself included in that.

Hi Conrad,

Apart from the underwriters undervaluing the property and assuming that I can proove all my finances (which I can), what else can go wrong that can make them take away the provisional offer?

Best to keep prepared...

Thanks in advance.

dannyb123_2

VIGILANT22 wrote: »

waste of time telling this guy anything..he thinks he knows it all...that's why he's applying for a 40k 25% mortgage on a joint income of 55k....very savvy...............:rotfl:

WHAT is your problem Vigilant??? your just on here to annoy people with your bad attitude. I belive your not a broker at all, just a sad loney man who gets pleasure from putting people down on this forum.

You make no sense at all.. I suggest you go down your local pub have a few beers and argue with some locals in there!!!

Everybody can see right through you, BUT YOU DON' T REALISE:mad:

Mandog

That's great news, Dark Jester. Fingers crossed everything else goes smoothly.

Just goes to show that not taking no for an answer can really pay off...

JA1000, I have read recent posts on here where people have successfully challenged the bank's valuation - by submitting written evidence of other recent sales etc. (Though admittedly I've read a lot more where the sale's fallen through or the vendor's had to drop the price.)

Dark_Jester

dannyb123 wrote: »

WHAT is your problem Vigilant??? your just on here to annoy people with your bad attitude. I belive your not a broker at all, just a sad loney man who gets pleasure from putting people down on this forum.

You make no sense at all.. I suggest you go down your local pub have a few beers and argue with some locals in there!!!

Everybody can see right through you, BUT YOU DON' T REALISE:mad:

Best thing to do is just ignore him (or her, may be both)

Its funny how following my provisional offer he and few of the other haters have disappeared of this thread. He claimed to be an "expert" with "insider understanding" and ridiculed me for believing that I could overturn or at least get feedback from the underwriters after their initial rejection. Well I have proved him and all doubters wrong and made them looks prats.

In regards to my £12k wedding, best F-in day of my life! Don't regret it one bit and I don't regret the loan, I can easily afford the repayments and with my wifes salary on top life will be good. Even if the worst happens and we lose this provisional offer, I'm confident we will buy our own house soon enough. So all those people who made sly judgemental rude comments about my wedding can kiss my !!!!!! Hahahahahahahahahah!