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Waiting for Mortgage Offer
Comments
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I can't comprehend how your feeling! We are in the same boat but our application was only put in last friday and the survey is this afternoon! I'm feeling really nervous at the moment waiting for our offer to hopefully arrive. But like I said it's only been a week not a month!
Good luck to you!!0 -
hiya - im in a similar position too, Abbey kept us hanging on a string with the underwriters for 3 weeks before declining on £27 affordibility.!!! so we went on to apply with halifax. Survey done yesterday - 10 days after application. Hopefully I will hear something soon!0
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latest update....
We now have an application in, valuation done and dusted and acess to an online tracker! Much happier now!
Will let you know how it proceeds!!
Hope everyone else has thier mortgages sorted now too!0 -
We got our mortgage approved on Monday!!
You'll be watching the online tracker more than you watched rightmove!!
Good luck with yours!!0 -
Ta for stopping by!latest update....
We now have an application in, valuation done and dusted and acess to an online tracker! Much happier now!
Will let you know how it proceeds!!
Hope everyone else has thier mortgages sorted now too!
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.0 -
Update for those who are interested.
Valuation was done last Thursday 17th March
Offer created (on Skipton's system) on Saturday 19th March
Paperwork got to my solicitor on Tuesday 22nd March
Due to exchange today! Hopefully to complete next Thursday 31st March 2011.
I will point out that I have HOUNDED my financial advisor and solicitor; they will both be glad to see the back of me
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Update for those who are interested.
Valuation was done last Thursday 17th March
Offer created (on Skipton's system) on Saturday 19th March
Paperwork got to my solicitor on Tuesday 22nd March
Due to exchange today! Hopefully to complete next Thursday 31st March 2011.
I will point out that I have HOUNDED my financial advisor and solicitor; they will both be glad to see the back of me
How have you got that done so quickly?????0 -
When I saw I HOUNDED them, I mean I HOUNDED them!
I told everyone right from the start that I needed to complete for the 31st of March and all agreed that they would do it.
We are buying a new build and the builders are taking ours in part exchange. That has made it easier as it only 2 different solicitors dealing with each other.0 -
Spoke too soon. Just recieve a new illustration from Nationwide based on the valued price (£15k less than purchase pice) PLUS a 10k retention for roof, damp, timber and bug infestation. All other bits were picked up on survey before (apart from bug infestation) and we have quotes and kept back enough money to pay for them. Weren't banking on a reduction in value though! Sellers are unlikely to move on price as we tried before based on roof works needed! Will try again though!
I do appreciate this isn't Nationwide's faulth though!
Very fed up, tired, desperate and upset. We have paid out so much so far and looks like we will have to walk away from the only house we both love (searching for 8 months)
Any advice?0 -
Spoke too soon. Just recieve a new illustration from Nationwide based on the valued price (£15k less than purchase pice) PLUS a 10k retention for roof, damp, timber and bug infestation. All other bits were picked up on survey before (apart from bug infestation) and we have quotes and kept back enough money to pay for them. Weren't banking on a reduction in value though! Sellers are unlikely to move on price as we tried before based on roof works needed! Will try again though!
I do appreciate this isn't Nationwide's faulth though!
Very fed up, tired, desperate and upset. We have paid out so much so far and looks like we will have to walk away from the only house we both love (searching for 8 months)
Any advice?
Really sorry to hear that We got our mortgage offer through yesterday and that had £2k retention, so not too bad. It was still a shock after the lady on the phone said "you've had the survey and everything was fine"?!
I think that the sellers are going to have to compromise, as the same problem will crop up with most people looking to buy the house, so they may as well continue with you!! I would fight hard to keep the house.
Good luck and keep us posted 0
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