Abbey Mortgages

Gambit

mattED wrote: »

valuation is being booked on monday, abbey have said its a very low risk case so offer SHOULD be with me by wednesday!

Hey mattED, great news. So is the valuaion being booked on Monday or for Monday? Mine was booked on Monday just gone, done on Wednesday afternoon but not heard anything yet.... hmm... might text the Abbey Advisor to see if she has had an update although I was told it would take 5 working days so hoping for an offer latter by next Friday at the latest...

mattED_2

ite being booked on monday, so will probably be on the same time scale as yourself!

JA1000

VIGILANT22 wrote: »

Yes, you can instruct a valuation.........only thing is your property details etc will now be in their system.........so they will be aware of last val..

Different property

VortexSteve

Some news from me! Valuation was on Wednesday, adviser has received the offer confirmation back via email this afternoon. Has said I should receive the confirmation by post too, hopefully tomorrow or Monday.

Hoping to exchange end of next week, complete the week after! Has taken a while, but looks to be getting there now! Hopefully everyone else here will get the same thing after their vals early next week.

ajex

am tired of Abbey messing me around for Property valuation I want to buy..

Am thinking of going to Britannia 3 yr tracker current 2.49 /post office 2 year fixed 3.15%..

Any recommendation for 75% LTV,FTB for a speedy Mortgage !!! HAVE ALL DOCUMENTATION AND LOOKING FOR annual x 3 times loan..

Gambit

VortexSteve wrote: »

Some news from me! Valuation was on Wednesday, adviser has received the offer confirmation back via email this afternoon. Has said I should receive the confirmation by post too, hopefully tomorrow or Monday.

Hoping to exchange end of next week, complete the week after! Has taken a while, but looks to be getting there now! Hopefully everyone else here will get the same thing after their vals early next week.

Congrats VortexSteve! That's great news... makes me think I should hopefully get an offer early next week too :j

How come you think it will only take a week to exchange? Does it normally happen that quickly? Are you in a chain?

VALHAM

VortexSteve wrote: »

Some news from me! Valuation was on Wednesday, adviser has received the offer confirmation back via email this afternoon. Has said I should receive the confirmation by post too, hopefully tomorrow or Monday.

Hoping to exchange end of next week, complete the week after! Has taken a while, but looks to be getting there now! Hopefully everyone else here will get the same thing after their vals early next week.

Really pleased to hear someone has got their mortgage from Abbey!! My buyer is still waiting to hear 6 weeks after survey and has agreed the extra 5% deposit that Abbey requested this week. But, still no more news. As usual, it will probably be another week before they hear anything, as seems the case with Abbey.

VortexSteve

Gambit wrote: »

Congrats VortexSteve! That's great news... makes me think I should hopefully get an offer early next week too :j

How come you think it will only take a week to exchange? Does it normally happen that quickly? Are you in a chain?

There are 4 houses in the chain, mine was the last offer to come in. Everyone else has been ready for the last 2 weeks! Everything from the solicitor is ready (other than him getting the copy of mortgage offer) so hopefully he can turn that round quickly next week. Just got to sign a few bits and then we're done in theory!

Hope you're offer comes in next week too!

VortexSteve

More news... offer has arrived in the post today. There is a copy of the valuation in there too, it has not been down valued.

Biggest issue is they have set the term at 30 years rather than 25! I watched the adviser fill this in on the online application so can only assume they have screwed it up at their end. The problem I have is everyone in the chain is pushing for 30th April completion, and if I need to get this changed that date is not going to happen. Am I right in thinking that I can simply over pay each month at a figure to match a 25 year repayment, and then in 2 years time when I re-mortgage (won't be with Abbey!!) just make sure the new lender puts it back at 25 years?

Also received everything from the solicitor today which means I am now in a position to exchange, really just need to decide on that 25/30 year issue.

VALHAM

Congrats VortexSteve! Thats obviously a big relief for you. Re the overpayment, if its a fixed mortgage, you will probably be able to overpay by £500 a month, if its flexible, you should be able to overpay what you like. Check out online what your particular product says about overpayments.