Anyone want to join me? Awaiting Mortgage decision...

hannah2283

Process90 said:

hannah2283 said:

My mortgage application with HSBC was formally submitted by the broker today. Now I need to wait patiently....

After a system error and failed 1st attempt - directly - a few weeks ago, we submitted a new application with HSBC via a broker on Friday.

Be interesting to see your timescale. Ours took 10 days to get to a manual UW before getting thrown out and told about a system calculation error.

I hope you have a more straight forward case then ours! My partner is self-employed (worked throughout COVID) and I have a load of regular commission that they need to take into account for affordability.

What a nightmare. I hope it gets sorted soon. Mine is pretty straightforward in terms of income and deposit but who knows!

SierraRomeo30

watch3r said:

SierraRomeo30 said:

Still waiting following valuation yesterday, the week is going ever so slowly. Our broker thinks we will hear next week but I’m hoping we’ll hear by Friday. I don’t how I’ll cope with another weekend of waiting haha.

Who’s you lender ? 

Accord fingers crossed ☺️

ThatDavieGuy

Still waiting for TSB, apparently their underwriters are experiencing some IT related issue which is delaying the decision.
AIP 15th June
FHF Submitted 17th June
FHF Approved 18th June
Full Application submitted 22nd June - Hard checks completed  22nd
Valuation completed 30th June & sent to underwriters....still waiting

nwh07

ThatDavieGuy said:

Still waiting for TSB, apparently their underwriters are experiencing some IT related issue which is delaying the decision.
AIP 15th June
FHF Submitted 17th June
FHF Approved 18th June
Full Application submitted 22nd June - Hard checks completed  22nd
Valuation completed 30th June & sent to underwriters....still waiting

We are also still waiting on tsb. our case went straight to the underwriters before our mortgage broker could submit full application due to being self employed and we still haven't heard anything other than we are still in a queue. The estate agents are now on our case for a valuation or the house will be put back on the market
AIP 16TH JUNE
APPLICATION SUBMITTED & SENT STRAIGHT TO UW 18TH JUNE 
STILL WITH UNDERWRITERS 14TH JULY
Such a stressful agonising wait at the minute with TSB

ThatDavieGuy

nwh07 said:

ThatDavieGuy said:

Still waiting for TSB, apparently their underwriters are experiencing some IT related issue which is delaying the decision.
AIP 15th June
FHF Submitted 17th June
FHF Approved 18th June
Full Application submitted 22nd June - Hard checks completed  22nd
Valuation completed 30th June & sent to underwriters....still waiting

We are also still waiting on tsb. our case went straight to the underwriters before our mortgage broker could submit full application due to being self employed and we still haven't heard anything other than we are still in a queue. The estate agents are now on our case for a valuation or the house will be put back on the market
AIP 16TH JUNE
APPLICATION SUBMITTED & SENT STRAIGHT TO UW 18TH JUNE 
STILL WITH UNDERWRITERS 14TH JULY
Such a stressful agonising wait at the minute with TSB

MA saying that the IT issue is what's holding things up for us, the wait is so frustrating for us so can imagine with the added pressure from the estate agent it's not helping you at all.

uppercaseesteban

firstimebuyer1993 said:

Anybody else waiting for Bank of Ireland? Our application was submitted by a broker on Thursday 2 July, additional documents sent on Monday 6 July. on Friday last week the estate agent rang to say the valuation had been booked for Wednesday 15 July... Should we expect to hear this week?

Yeah we are waiting on BOI. We are using a broker. 
Experian reports UNRECORDED ENQUIRY check by BOI : 25/06
DIP : 29/06
Experian reports ID check by BOI : 02/07 (Experian is now reporting this as today 14/07, but the 2nd in the details when you click more, unsure why.)
Application submitted : 03/07
Valuation Instructed : 08/07 (no idea what date valuation is due to take place, is this something I can find out from the estate agent or broker?)
Nothing since, no hard credit check as yet and no word on valuation or offer. We are in NI though and yesterday was a bank holiday. 

firstimebuyer1993

uppercaseesteban said:

firstimebuyer1993 said:

Anybody else waiting for Bank of Ireland? Our application was submitted by a broker on Thursday 2 July, additional documents sent on Monday 6 July. on Friday last week the estate agent rang to say the valuation had been booked for Wednesday 15 July... Should we expect to hear this week?

Yeah we are waiting on BOI. We are using a broker. 
Experian reports UNRECORDED ENQUIRY check by BOI : 25/06
DIP : 29/06
Experian reports ID check by BOI : 02/07 (Experian is now reporting this as today 14/07, but the 2nd in the details when you click more, unsure why.)
Application submitted : 03/07
Valuation Instructed : 08/07 (no idea what date valuation is due to take place, is this something I can find out from the estate agent or broker?)
Nothing since, no hard credit check as yet and no word on valuation or offer. We are in NI though and yesterday was a bank holiday. 

Hopefully you will hear back soon. For our application in more detail, we have gone through a broker and here is the timeline:
AIP/DIP - 29.06.2020
Application submitted - 02.07.2020
Additional documents requested - 06.07.2020
Valuation requested - 10.07.2020
Valuation due to take place - 15.07.2020

In terms of affordability, the broker is confident but I have three late payments for the same bill in November and December 2019 for an apartment I ceased to be a tenant at in August 2019, marked as settled in January 2020 (I paid it because the bill was for the period I was a tenant) and regularly use (and pay off) my overdraft. I am a bit worried considering we are going for the 90% deposit but the broker is very confident we will get the mortgage... Should I be worried? I am also concerned about the valuation of the house, we won the offer by bidding 10k above the asking price but with the prices going down, I'm scared the valuation will come back lower than we would have hope...

Any advice/shared experience would be welcome!

uppercaseesteban

firstimebuyer1993 said:

uppercaseesteban said:

firstimebuyer1993 said:

Anybody else waiting for Bank of Ireland? Our application was submitted by a broker on Thursday 2 July, additional documents sent on Monday 6 July. on Friday last week the estate agent rang to say the valuation had been booked for Wednesday 15 July... Should we expect to hear this week?

Yeah we are waiting on BOI. We are using a broker. 
Experian reports UNRECORDED ENQUIRY check by BOI : 25/06
DIP : 29/06
Experian reports ID check by BOI : 02/07 (Experian is now reporting this as today 14/07, but the 2nd in the details when you click more, unsure why.)
Application submitted : 03/07
Valuation Instructed : 08/07 (no idea what date valuation is due to take place, is this something I can find out from the estate agent or broker?)
Nothing since, no hard credit check as yet and no word on valuation or offer. We are in NI though and yesterday was a bank holiday. 

Hopefully you will hear back soon. For our application in more detail, we have gone through a broker and here is the timeline:
AIP/DIP - 29.06.2020
Application submitted - 02.07.2020
Additional documents requested - 06.07.2020
Valuation requested - 10.07.2020
Valuation due to take place - 15.07.2020

In terms of affordability, the broker is confident but I have three late payments for the same bill in November and December 2019 for an apartment I ceased to be a tenant at in August 2019, marked as settled in January 2020 (I paid it because the bill was for the period I was a tenant) and regularly use (and pay off) my overdraft. I am a bit worried considering we are going for the 90% deposit but the broker is very confident we will get the mortgage... Should I be worried? I am also concerned about the valuation of the house, we won the offer by bidding 10k above the asking price but with the prices going down, I'm scared the valuation will come back lower than we would have hope...

Any advice/shared experience would be welcome!

I am unsure, I did find BOIs up to date lending by googling 'bank of ireland for intermediaries' (I can't link directly) which mentions adverse credit (I was in a similar boat but my issue was settled in 2016). What I have learnt is that as a FTB my experience and opinion about this stuff pales in comparison to the broker who has years of experience and would not put us forward for a mortgage they didn't think we are suitable for or had no hope at getting so I would suggest trusting the broker. Our situation is a bit different, 15% deposit and sale agreed at asking price so I am more worried about adverse marks on my report from 2016 instead of issues with the valuation. 

heston2014

Jamaicanmelaff said:

fiision2020 said:

Jamaicanmelaff said:

I have an update... HSBC said that "my application is with the underwriters and they will hopefully make their decision by Friday and instruct the valuation if all is OK." This is exactly the same update they gave last week, but apparently last week it was with the normal underwriting team and this week it is being checked by the senior underwriters because I'm self-employed, but all looks good on the docs so it's just waiting for approval. It turns out, however, that the long delay wasn't because my application was waiting in a 4-week queue for the underwriters as they claimed every time they were chased for an update, but because it wasn't actually in the queue at all - because I'm self-employed and my income is foreign, my application had to go in under their old legacy portal and documents were uploaded to that rather than their current portal, some error meant the additional documents never made it to the queue, despite the fact that my broker also emailed them. My broker is now contacting the BDM to escalate the case and get the valuation booked in alongside the underwriting process to try and speed things up.

Glad to hear that your application has made some progress. What a nightmare however having that 4 week delay because they had to upload to an older portal. My application is with the underwriting team for just over a week and I'm stressing out; I don't know if my heart will last another week let alone another 3. 

I’m not gonna lie, I tried so hard to put it out of my mind and be patient but it’s really been stressing me out. I thought it wasn’t normal that it was sat in a queue for 4 weeks but they kept telling me otherwise. Ah well, luckily my seller is patient (given she accepted my offer 4 months ago, she’d have to be!) and the BDM has instructed my valuation so hopefully not much longer to wait now and I can move on to the next steps. Hopefully they go smoothly!

Fingers crosses yours doesn’t take too long!

Yay! Glad to hear your application is progressing finally! hehe Not long now, I'm rooting for you! :-) Good luck with the valuation and all the rest of it.

xx_mstilda_xx

heston2014 said:

Jamaicanmelaff said:

fiision2020 said:

Jamaicanmelaff said:

I have an update... HSBC said that "my application is with the underwriters and they will hopefully make their decision by Friday and instruct the valuation if all is OK." This is exactly the same update they gave last week, but apparently last week it was with the normal underwriting team and this week it is being checked by the senior underwriters because I'm self-employed, but all looks good on the docs so it's just waiting for approval. It turns out, however, that the long delay wasn't because my application was waiting in a 4-week queue for the underwriters as they claimed every time they were chased for an update, but because it wasn't actually in the queue at all - because I'm self-employed and my income is foreign, my application had to go in under their old legacy portal and documents were uploaded to that rather than their current portal, some error meant the additional documents never made it to the queue, despite the fact that my broker also emailed them. My broker is now contacting the BDM to escalate the case and get the valuation booked in alongside the underwriting process to try and speed things up.

Glad to hear that your application has made some progress. What a nightmare however having that 4 week delay because they had to upload to an older portal. My application is with the underwriting team for just over a week and I'm stressing out; I don't know if my heart will last another week let alone another 3. 

I’m not gonna lie, I tried so hard to put it out of my mind and be patient but it’s really been stressing me out. I thought it wasn’t normal that it was sat in a queue for 4 weeks but they kept telling me otherwise. Ah well, luckily my seller is patient (given she accepted my offer 4 months ago, she’d have to be!) and the BDM has instructed my valuation so hopefully not much longer to wait now and I can move on to the next steps. Hopefully they go smoothly!

Fingers crosses yours doesn’t take too long!

Yay! Glad to hear your application is progressing finally! hehe Not long now, I'm rooting for you! :-) Good luck with the valuation and all the rest of it.

Great news that there is finally some news @Jamaicanmelaff ! Hopefully you'll be sorted shortly 😁

I chased our MB yesterday who spoke to HSBC for an update - apparently some unnecessary ID tasks were generated on our case (which are not needed as ID has been satisfied) and it can take up to another week for them to be cleared down and the offer issued... >_<