Nationwide mortgages - how quick?

papermoney

I've applied for a mortgage with Nationwide and just wondered if anyone has any idea how long these things usually take. I realise it is a how long is a piece of string question but thought someone may have used them recently.
The property I am buying is a repo so I am hoping the broker pushes it through and keeps on to of Nationwide (so to speak).

caeler

I keep being told about two weeks. I also learnt that they don't authorise the valuation to go ahead unless you pass their credit checks which is always nice to know!

papermoney

Thanks - fingers crossed it will not take any longer. I do know the mortgage broker said he would keep on top of it and keep ringing as he is aware that the property is a repo and he is also linked to the EA im buying the property from.

Thrugelmir

From your other post........

I sold my property in August 2009. The house was in negative equity and I have an arrangement with the mortgage company to pay back a certain amount each month, overall I owe 14k. There is a chance I may be given some money in a few months time, but it wouldnt be enough to cover the whole 14k, this is probably just me wishful thinking but has anyone ever offered a lump sum (a lesser amount than owed) to pay it off?

I wonder if this may come to the NW's attention.........

papermoney

Thrugelmir wrote: »

From your other post........



I wonder if this may come to the NW's attention.........

It will because i've put it on the application form. Should it be a problem? The payments I am currently making towards NR (which are above what they ask for) is recorded as a mortgage on my credit report. It's all been declared.

papermoney

bluefuzzybug wrote: »

I keep being told about two weeks. I also learnt that they don't authorise the valuation to go ahead unless you pass their credit checks which is always nice to know!

With the valuation being payable on application and non refundable I hope they order the valuation soon as im on tender hooks

firstaspect

It took just under 2 weeks for us from application to offer. Valuation was booked after about 3 or 4 days of application.

papermoney

firstaspect wrote: »

It took just under 2 weeks for us from application to offer. Valuation was booked after about 3 or 4 days of application.

Thanks we have to exchange in just under 3 weeks so I hope they are quick, although TBF we only completed the application on Thursday (i'm not know for my patience )