Nationwide Mortgages - How long??

Saints2011

Saints2011 wrote: »

Evening this is my current experience with Nationwide very happy so far.

AIP: 05/09/13 straight to accept, just wanted to see most current payslip
Application: 05/09/13
Valuation: 13/09/13 moved to 16/09/13 by seller

Living in the south of the country. Nationwide have kept me updated via texts / emails. I went through a independent mortgage advisor who was whole of market.

Fingers crossed for valuation.

Valuation 16/09/2013
Offer today :j

Palookaville

It's taken 5 weeks just to get a survey which is being done this Thursday so fingers crossed everything will go through ok and will get a formal acceptance of a mortgage by the end of the week.

Palookaville

kingstreet wrote: »

Straw poll.

Who is having a basic mortgage report and valuation and who is having a homebuyer's done via the lender?

We have seen plenty of anecdotal evidence on here that choosing the latter adds around three weeks to the average inspection appointment due to the shortage of surveyors available to do them.

I'm having a homebuyer report and I had AIP on 15th August and survey being done on 18th September.

Jnewbie

Palookaville wrote: »

It's taken 5 weeks just to get a survey which is being done this Thursday so fingers crossed everything will go through ok and will get a formal acceptance of a mortgage by the end of the week.

My valuation is being done today too!

Palookaville

Jnewbie wrote: »

My valuation is being done today too!

Good luck Jnewbie, I've had the phone in my hand virtually all day waiting for the text!!

kingstreet

kingstreet wrote: »

My latest submission was on Monday, 9 September.

Valuation is being done today. Employer's ref and letting agent ref requested, so I expect this one to drag a bit.

Both references still outstanding. Valuation was done and back on 13th.

Palookaville

kingstreet wrote: »

Both references still outstanding. Valuation was done and back on 13th.

So they do want landlord references? Our broker said they just wanted the details and wouldn't ask.
Funny how this thread is telling me more about the process. Twice now I've read here that more information is being required rather than what the broker has been telling us then he comes back to ask us for more. It's really quite irritating that this thread is a better source of info than my broker!!

kingstreet

They do if there's a letting agent involved. Then it's;-

letting agent's reference
or
twelve months' bank statements evidencing rent payments.

We're honest and declare the letting agents' details as they may be visible on any bank statements. Some may try to hide it, to avoid the requirement.

Palookaville

Thanks King, I've just had the text to say the survey was satisfactory and that I now have a formal mortgage offer so very relieved at that.

Jnewbie

Palookaville wrote: »

Thanks King, I've just had the text to say the survey was satisfactory and that I now have a formal mortgage offer so very relieved at that.

Well done! Still waiting for mine.