Nationwide application response time

NeglectedFish

Hi,

Yesterday morning (about 36 hours ago), I applied for a Nationwide loan after their soft-search system quoted me 9.9%.

The application status hasn't changed since I applied. When I log into their site, I see the same 'approved in principal' message that's been there since I applied. I'm concerned that they've rejected me, since I would have expected some feedback by now.

From your own experiences, how long has it taken for Nationwide to confirm or reject your loan application?

Thanks,

Fish

Macca83_2

About a week to get the initial paperwork in the post

NeglectedFish

Ah - that's good to hear.

Thanks for replying.

Fish

NeglectedFish

Hi,

Just wanted to update on this. I applied on Monday morning (14th) and received a letter approving the loan on the 16th. The letter stated that the funds had been issued, and amazingly, I had the funds in my account on the 17th.

The letter mentioned that I'd digitally signed the loan agreement, so I'm guessing that was why it was so quick. Also, I got the 9.9% rate that they had originally quoted me.

Thanks,

Fish

fozmcfc

Good to hear and nice to see you returned to let us know the outcome, many don't unfortunately.

Macca83_2

Wow that's quick! But then i wasn't previously a nationwide customer!

frankietwospots

Thanks for the update on this. I applied for a Nationwide loan a week ago and was offered a rate of 6.9%. However, I haven't heard a thing from them since and wondered if anyone else has experienced a similar delay? I may phone them in the morning but I'm nervous that they have now rejected me or something!