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

firstimebuyer1993

Congrats! We have all the papers and searches and everything in order for exchange... literally just waiting for the mortgage offer and we are all set

SierraRomeo30

firstimebuyer1993 said:

Congrats! We have all the papers and searches and everything in order for exchange... literally just waiting for the mortgage offer and we are all set

Blimey you’re organised! I’d of loved to do this but didn’t want to risk losing money if we get declined. Still waiting for news from Accord, going by their timeline on the website, we should hear by Monday.

firstimebuyer1993

SierraRomeo30 said:

firstimebuyer1993 said:

Congrats! We have all the papers and searches and everything in order for exchange... literally just waiting for the mortgage offer and we are all set

Blimey you’re organised! I’d of loved to do this but didn’t want to risk losing money if we get declined. Still waiting for news from Accord, going by their timeline on the website, we should hear by Monday.

We are trying to exchange by the end of July as we are going on to France in August to visit family, we only visited the house for the first (and only) time on 29 June and made an offer on 30 June... AIP on 29 June, full application on 2 July and final document submitted on 6 July. We just spoke to the broker, he still seems positive and he chatted to BOI, who said that our valuation now came through and the whole thing is awaiting underwriting and we should have a final mortgage offer next week Tuesday or Wednesday (again...) In terms of surveys, in the worst case, BOI refuse us the mortgage and we apply for another mortgage next week for the same house and the surveys are ready to go (I think I read somewhere the surveys are valid for three months)

Some more waiting around this weekend and hopefully, we will have exchange and completion dates by the end of next week!

Jamaicanmelaff

So happy for all of you that have had your mortgage offers. Congratulations! Still waiting for valuation date and offer here but can't be too much longer - HSBC have now done 3 hard searches and 5 soft searches on my credit report so surely they must've seen all they need to by now 

Jamaicanmelaff

xx_mstilda_xx said:

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... >_<

Have only just seen this. Thank you, @heston2014 and @xx_mstilda_xx - I'm a bit less panicked now that some things seem to be moving a bit. Also had a damp and timber report back (when I viewed in March is was just after the storms and there was a big damp patch in the kitchen so I made my offer contingent on that being caused by the damaged render and nothing more serious), no major issues. 2 small areas of rising damp with a suggested cost of £200 to repair and the damp on the wall was caused by the render so really happy about that. Hoping I'll be able to get the searches and surveys done soon so I can get in there.

Jamaicanmelaff

xx_mstilda_xx said:

We received our mortgage offer from HSBC yesterday morning 😃 Phew! Have to say realistically it's been a quick process, especially given the current situation, but obviously it's been incredibly anxiety-inducing and has felt like forever! 

26/06/20: DIP & Full App submitted by broker.
02/07/20: Valuation completed. (Sellers EA advised appointment booked so believed to be physical).
03/07/20: Valuation confirmed as satisfactory with sale price - update due early next week.
08/07/20: Chased for update. Mortgage approved and offer due to be issued.
13/07/20: Chased for update. Erroneous ID tasks had been created on our case. HSBC to clear down and issue offer.
15/07/20: Offer received by e-mail, to follow by post. Offer as per illustration.

I've now paid the initial Solicitor's fees for the searches so on to instructing a surveyor... Eeeek! 

Good luck all! 🤞

Woohoo! Glad you're all sorted and offer received. Great news.

[Deleted User]

fackers_2 said:

San81 said:

can I join? I am applied with Halifax . My husband is self employed and I’m employed as well .  
11/06: DIP
22/06: full application  
24/06: credit search 
03/07: SA302 clear copy
15/07: bank ask 3 months statements for (self employed)
Anyone get same situation and how long time take get a positive results

I’m reassured by my MB that it’s all good - my valuation and survey is tomorrow. But it doesn’t settle me if Halifax also asks me for previous 3 months of accounts. Is this personal or business account? 

PS I’m self employed and applying solely up to £200k. (SA302’s and ID’s all passed). 

Which account you received your income, that account they asked proof of income on last 3 months .

hayleyanne25

Offer recieved!
HSBC, 90% LTV & FTB
Sole applicant
13/06 - Started Application 
20/06 - Desktop valuation done
29/06 - Support documents sent in
09/07 & 13/07 - Called to chase 
16/07 - Offer received

watch3r

In my best case scenario I will have this : 

hayleyanne25 said:

Offer recieved!
at some point at the beginning of next week ... 

SierraRomeo30

Congrats all with offers!!

We’re still waiting...it’s driving me nuts. Our MB says all is looking fine at the moment but it’s frustrating waiting with no news.