Nationwide mortgage - what's next and how long?

Cleverclogs

Cleverclogs wrote: »

This thread has been helpful reading as we wait for our mortgage offer. We're FTBs and have applied for a 95% Save to Buy mortgage with NW, and gone for their flexclusive with free legal fees & valuation. Our timescale so far:
DIP issued in branch - 19 April
Offer accepted - 11 June
Full application in branch - 18 June
Valuation booked & conveyancers instructed - 18 June
Valuation & survey completed - 26 June
Valuation satisfactory - 27 June
So far we haven't had any issues but we're early stages yet. We've got the legal paperwork to keep us busy while we wait for our HBR & mortgage offer. Fingers crossed!

Just as an update - we received text confirmation of our mortgage offer today and it's being posted to us. Really impressed with the speed from full application to offer.
Still no HBR from Countrywide yet though. Oh well, can't have it all!

stacey4857

Cleverclogs wrote: »

Just as an update - we received text confirmation of our mortgage offer today and it's being posted to us. Really impressed with the speed from full application to offer.
Still no HBR from Countrywide yet though. Oh well, can't have it all!

Our cases are pretty similar, just wondering how long did you wait for your HBR?

chelle333

stacey4857 wrote: »

Our cases are pretty similar, just wondering how long did you wait for your HBR?

I waited 3 days for HBR

stacey4857

Thanks chelle333.

Faisal

Hello,

I don't usually write on these forums but have just registered so I can tell you of our process as I know how nerving and anxious not knowing can be!

I am a FTB looking to buy a RTB council property and take out some additional money for home improvments. In total I wanted to borrow 85% LTV.

I applied at our local branch as, having read these forums, it seems the safest ways to go in terms of speed and not losing documents!

19th June - Had our first appointments where we completed the DIP. I have a very good credit history and they requested
1) Latest wageslip
2) Latest bank statement
3) Last 12 months bank statements to show rent payments.

I had all the documents except the 12 months bank statements so we proceeded to full application on same day. All done but couldn't submit due to missing document. I don't always pay via my bank account so, instead I asked the council for a rent statement which arrived on the 24th June. I went in and handed it in to branch. All documents scanned infront of me and attached to application. So,
24th June - Sumbitted.
25th June - Call from surveyor to fix date for 1st July for valuation.
2nd July - After Survey I got a text to say it was satistfactory
3rd July - I got a text very early in the morning to say Nationwide were delighted to give me a formal mortgage offer and that the paperwork would be posted.

Mine wasn't a straightforward case due to needing additional money for improvments but they have been really good about it all and I can't fault them. I will keep you all posted as to when the actual paperwork comes through! I am expecting a delay as I am told the council take 6-8 weeks to get their paperwork ready but on the nationwide front it's been perfect so far.

So far so good.

barclay4

Hi,
I don't normally post on these sites but thought I would share my experience with the Home Buyers Report. The HBR was booked through Nationwide who used Countrywide surveyors and the day of the survey (a Monday) I received a call from the surveyor asking if there was anything they needed to look for (we had noted a few things the previous owner had mentioned they had done on the house when we received the questionnaire from Countrywide) We hadn't heard anything from the surveyor or Nationwide on Tuesday, despite the surveyor saying they would send over the report the next day. I rang Countrywide head office who were quite useless so thought I'd try the surveyor directly on the off chance that they might answer. They sent me the report once they had returned to the office that day. The surveyor also rang me back when I'd left a message asking for more information on the report as the owners were arguing some points.

Our experience with Countrywide has been excellent, the surveyor couldn't have been more helpful and due to their advice we made the decision to pull out of the house as it would have been a money pit.

If you are still waiting for the HBR, I'd try the surveyor directly if you can!