Nationwide Mortgages - How long??

Sally22_2

Got my text from Nationwide to say that the solicitor has requested the funds...Its all becoming real now!!

Blondygirl

Very exciting Sally22:j

amnblog

Nationwide are not appreciably slower than any other lender in our experience.

Potential borrowers should not be put off of using them through any delay horror stories on this forum.

Like all lenders Nationwide rely on the information provided to them to be timely, comprehensive and accurate.

Our advice is always, mention everything that may be relevant, provide everything in full as requested, and dont moan about the lenders requirements as they are the ones risking their members or shareholders money to help you buy your home.

Blondygirl

Baileybo wrote: »

Lovely news. Fingers crossed ours goes as smoothly!
Let me know how you go on and how long till you get the hard copy in your hands :beer:

Hiya,

Just as an update we received our Formal offer in the post yesterday from Nationwide. So text offer Wed 29th May, hard copy recived Mon 3rd June:j Hopefully the solisitor has her copy. When to the house again last night, just can't wait to get in there, vendor told us we would be completing at the end of June, let hope all the solistiors work to that too! Just about to kick ours up the butt as no contact for a week.

mane1034

Applied for the mortgage today in branch. Took 2 hours and got a message that application has been received.

Now just waiting for the valuation etc?

I am thinking to use the legal services from their panel? I am not sure how much will it cost.

Has anyone used solicitor from their panel and how was the experience?

Thanks

fedup1982

Hi, i just posted a thread its about a nationwide application, could you have a look i'm not sure if you would be able to help me with it thanks

fedup1982

Hi,

I currently own a house with a joint mortgage. we have owned the house for 2 years and before this i owened a flat with a sole mortgage. I think i had the flat for 4 years.

I put a very large deposit on the house close to 40% and my ex put no deposit down. This was all signed at the time too as my money. But now we are no longer together and i would like to remain in the house but i can't live with my ex and he refuses to move despite me offering to indemnify him.

My only option is to take on the mortgage on my own so that i can live there on my own and him then move out.

I have been to the bank the mortgage is with and because of the exit fee i can't afford to get a mortgage with another bank. But based on my income they told me how much they would lend me and i am able to reduce the balance of the mortgage to this amount. Making the mortgage about 45% of the value of the house. I have been agreed on principle but am waiting to hear if they will agree my bank statements and p60 etc have been sent to the underwriters.

But i am worried as i have an agreed £500 overdraft on my bank account. It gets cleared every month when i get paid but i go into it every month too. I also missed a payment on a car loan i had. I did pay it when i realised and it has now been paid off (this happened earlier this year) but im worried this will be a default on my credit report.

I never used to have an overdraft but because i can't live with my ex but still have to pay half the mortgage plus rent for another place moneys been tight. I am really desperate to have the mortgage aproved because i can't go on living in this situation all my money is tied up in the house i dont want to sell the house because my ex has let the house go since i have moved out. I dont like to go there as i have met someone else and my ex wont let my new partner in the house he just calls the police and shouts for him to get "out of his house". So i fear selling the house whilst my ex is in it, it wont go for as much. Plus my ex put no money down on the house and wont compramise in anyway. Its getting me down a lot.

What are my chances of my mortgage being approved? Its with Nationwide. I used to have a sole mortgage with them before. The balance then was £15k less then what im asking for now. But i have had a payrise since then. If they reject me would the underwriters consider my circumstances?

Sally22_2

We have now completed! Got the keys yesterday! So happy, good luck to everyone else waiting for mortgage offers to be given, or waiting to exchange/complete! Its all worth it in the end

Standy

Standy wrote: »

29th April 2013:Drive by valuation, proved to be insufficient as three storeys at rear
2nd May 2013:Occupancy form returned to me
3rd May 2013:Mortgage Deed witnessed
4th May 2013:All paperwork sent to solicitors
7th May 2013:Internal valuation performed. Paperwork received by solicitors.
8th May 2013:pdf offer received after satisfactory valuation (do they tell you what they valued the property at?). Awaiting paper offer in the post

17th May 2013Mortgage offer received by solicitors from NW
20th May 2013Certificate on Title
28th May 2013Completion :beer:
6th June 2013Registered Title

Basically, slow to get going, but once things got moving it was pretty quick tbh

threewishes_2

Hi, I've been reading this thread and because the vendor of the property we offered on wants a quick sale because they have just had to wait weeks and weeks for the previous buyer to conclude that they cannot get a mortgage.

We have a mortgage in principle with Nationwide, and it will be a whole week before I can even get an appointment to tell them about the property we have an offer accepted on! At this rate the vendors might put it back on the market.

Can any one please tell me as much as possible about what Nationwide are going to ask for? I know this might vary, but a list for every eventuality would be welcomed :-) This way we can be ahead of the game when they ask for stuff, and I can make sure that they haven't missed asking for anything by offering the information to them.

(We are first time buyers, good deposit, property freehold house, will need full survey. Solicitors and surveyor picked and ready to instruct).

Cheers