Nationwide Mortgages - How long??

LuSiVe

Homebuyers report coming next week some time ... this was just the valuation OK to Nationwide ...

The bit I was worried about though.

HayleyLouise2013

LuSiVe wrote: »

Just had texts saying valuation OK and formal offer issued.

Less than 48 hours after application

Wow thats quick.
I have been told my offer will be made within 24 hrs...here is hoping...
Delayed due to work not sending employers ref quick enough...x

japmis

LuSiVe wrote: »

Just had texts saying valuation OK and formal offer issued.

Less than 48 hours after application

Wow that's SUPER FAST!!! That's like apply day 1 with all paperwork, day 2 valuation, day 3 approval!!! :T

bretts

Hi All

Tried to look for this question at a lot of places on the forum but could not get a definite answer as everyone's situation is different

Can someone please help me

I am planning this in advance so I do have some time to go but do not want to do anything wrong

I applied for mortgage and have got valuation on monday.

The property i am buying is vacant now so if everything goes fine I might get the keys by may end but as per my MB it could be a lot sooner than that.

Problem is I just renewed my rent contract with the estate agents of the current property i am in. I have stayed here for more than a year now but we extended our contract by 6 months wef april as we were not liking any properties and then finally in march end we put an offer on one which was accepted.

What are the ways of getting out of the house without bearing too many costs if there are any.

Would really appreciate the help.

japmis

I would say you probably can't get out of a 6 month contract unless it has a break clause but you should repost your question in the house buying/renting/selling forum to get a better response.

bretts

japmis wrote: »

I would say you probably can't get out of a 6 month contract unless it has a break clause but you should repost your question in the house buying/renting/selling forum to get a better response.

Hi Japmis

Thanks a lot, I will post it there. Any news on your end about your mortgage

bretts

japmis wrote: »

I would say you probably can't get out of a 6 month contract unless it has a break clause but you should repost your question in the house buying/renting/selling forum to get a better response.

I do have a break clause but only after completion of 6 months.

japmis

bretts wrote: »

Hi Japmis

Thanks a lot, I will post it there. Any news on your end about your mortgage

Still no news

DannyDee

Hi

Anyone know how long I can expect to wait for a decision after receiving a text from Nationwide ' valuation satisfactory' please?

japmis

Anything from 72 hours to 6 weeks, depending on the complexity of your application. I think the average is 3-4 weeks.