Update: 25/07: When does a Nationwide valuation happen?

oxfordmark

mightyblues78 wrote: »

Hi,

It's possible but would say that you'll be right down to the wire.

Our instruction to the solicitors went through on 3rd May, and by 13th May she had all the searches back except for mining search (Cornwall) which I thought was great going.

Despite this, however, the earliest date that we managed to exchange and complete was 12th June as there were a few issues thrown up by the planning search and we needed to have a mining inspection done following the mining survey, which all pushed the completion date back.

Ours was a straight, no chain sale, and in fact it was a house that we were currently renting so we were able to keep things moving fairly efficiently.

So, on the assumption that the searches don't throw any spanners into the works, and of course, assuming that your solicitor is on the ball, then your proposed completion date could be achievable. Any complications could throw the date out of the window though, so be aware, and make sure you inform your solicitor of the proposed completion date as early as possible.

Cheers,
MB78.

Thanks for the advice.

I hope to hear back from NW about the application tomorrow or Thursday.

We don't need a mining search. I really do not want to instruct the searches until after the mortgage decision.

Dave_Ham

oxfordmark wrote: »

Got to call back after 6pm. (Is that good or bad?!)

EA called for an update, seller wants it all done and dusted by the last Friday in July!

Haven't started the searches yet, but don't want too until we know the survey is ok!

If the searches are not started until say Friday, is the 26th July realistic? (no chain, just us and them)

Yes, but will depend upon what the entire chain looks like and you will need a proactive set of Solicitors.

That said, take what an Estate Agent says with a pinch of salt; it is probably their month/quarter end targets they are pushing towards rather than the vendor.

Incidentally, still interested which mortgage broker spammed you trying to take on your case to Nationwide...

Amazed how much contact you have had with the Surveyor...!

oxfordmark

Dave_Ham wrote: »

Yes, but will depend upon what the entire chain looks like and you will need a proactive set of Solicitors.

That said, take what an Estate Agent says with a pinch of salt; it is probably their month/quarter end targets they are pushing towards rather than the vendor.

Incidentally, still interested which mortgage broker spammed you trying to take on your case to Nationwide...

Amazed how much contact you have had with the Surveyor...!

The chain is just us and them.

Is the amount of contact with the surveyor a good thing? She called me first

Dave_Ham

Just surprising rather than good or bad, but certainly will not disadvantage you.

And with motivated solicitors the dates should be achievable if you instruct searches Friday (which is the right thing to do and not what EA says)

shiirley

oxfordmark wrote: »

I would chase it if i was you.

I am calling my surveyor this evening, just to find out if there was any major issues that would stop the sale going through.

NW are looking at my application tomorrow. So i am going to call them tomorrow afternoon for an update. Would hope for the decision by 5pm.

Well, I've been chasing NW every day, and the only document which the underwriters are verifying at the moment is my visa. Anything that concerns a visa = longer waiting times. Otherwise, all of my other supporting documents have been approved.

mightyblues78

oxfordmark wrote: »

We don't need a mining search. I really do not want to instruct the searches until after the mortgage decision.

Hi,

We were of the same opinion, waiting until the mortgage offer was in hand before instructing the solicitors because we didn't want to put another £400 at risk for the searches.

Dave Ham seems to think that the dates are achievable, and he knows approximately 1,000,097% more than I do when it comes to these things as I can only speak from my personal experience, so I would be inclined to go with his advice!

Good luck, fingers crossed for a good result for you tomorrow / Thursday!

Cheers,
MB78.

oxfordmark

Just had a chat with the surveyor. What a lovely lady!

Three serveres on the report:

Drainage - front sewer is blocked. Back sewer has what looks like brick down it. She didn't seem majorly concerned. I assume we should ask the vendor to get that unblocked and investigated and ask for a report?

Electrics need upgrading - we anticipated this
Central heating upgrade - we anticipated this too

She said the house is well worth the money. Would any of the above hold up the mortgage application? Obviously we wouldn't sign the contracts until we know the sewer is ok.

oxfordmark

Hate doing this, but, bump....

oxfordmark

Called NW, our application has been assessed and found no problems, it is going to the underwriters. She is pretty sure that the mortgage will be offered in the next 48 hours.

oxfordmark

Going to the house next week to check the issue found in the HBR.