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

heston2014

Jamaicanmelaff said:

heston2014 said:

Jamaicanmelaff said:

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.

Amazing news @xx_ms@xx_mstilda_xx! So happy for you.... come on @Jamaicanmelaff! I'm just lurking here because I am waiting for your great news too! hehe  Good luck to everyone still waiting! Just keep that bottle of bubbly chilled and ready!

Weeeeeelll... you won’t need to lurk much longer! The BDM gave them a right kick up the !!!!!! so they apparently did a digital valuation yesterday (for 25,000 more than I am paying, so bonus!) and I got my mortgage offer this evening. So this absolute beauty is now well on its way to being mine. Thank you so much for your support over the last few weeks, you’ve helped me hold on to the last of my sanity! 

https://www.zoopla.co.uk/for-sale/details/51540493?search_identifier=dd2cff98b64b235a01180d710d0e9f0e

Happy Friday!!!! 🥳🎊🎉 Soooooo soooo soooo happy for you! You’ll be pleased to know I haven’t cracked my bottle of Dom as yet, saving it for when we finally get the keys to our new place! 🤞🏽 But I have a cheaper bottle chilling in the fridge so I guess we can have that celebratory drink tonight!🥂🥂🥂
Congratulations! I think my job here is done! Haha 😉 All the best with the new home! 🥳

ftbx

Hey! 

Newbie here but have been reading post for weeks lol 
Getting more and more anxious by the day waiting for application to approve/decline (although it hasn’t been that long feels forever)... 
Here’s my timeline so far 

3/7 - Dip/Full app  (text received)
6/7 - Val instructed (text received)

7/7 - Recent bank statements/payslip req  10/7- Val completed and received (no text)
13/7 - 15/7 checked for update, in queue for val to be assessed, query bank transactions, should be update today I’m told. 

I’m with nationwide. 

Lancs1234

SierraRomeo30 said:

Lancs1234 said:

SierraRomeo30 said:

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. 

We are still waiting with Accord - I think they've allowed far too many applications to be submitted and have got way behind. 

We've had a few issues with overtime but I'm led to believe these are sorted and we are awaiting a valuation report (they did the valuation on the 18th June but said they suspended the report due to the issues we had). They indicated current turnaround time for that would be about 6 working days. Tomorrow is 6 working days so fingers crossed. 31 days have now passed since we put the application in (24 working days) it seems like forever.

Very frustrating! I was wondering how you were getting on. On their website it says 12 days from application to decision, this has reduced from the 15 it was when we applied. Monday is our day 12 so fingers crossed.

its gone back to 14 but if you look closely its 14 days based on applications from 5th may so isn't really helpful! Hopefully your case is more straightforward and they get it through faster! Today is the 6th working day since they said a turnaround on valuation of 6 days so fingers crossed 

SierraRomeo30

Lancs1234 said:

SierraRomeo30 said:

Lancs1234 said:

SierraRomeo30 said:

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. 

We are still waiting with Accord - I think they've allowed far too many applications to be submitted and have got way behind. 

We've had a few issues with overtime but I'm led to believe these are sorted and we are awaiting a valuation report (they did the valuation on the 18th June but said they suspended the report due to the issues we had). They indicated current turnaround time for that would be about 6 working days. Tomorrow is 6 working days so fingers crossed. 31 days have now passed since we put the application in (24 working days) it seems like forever.

Very frustrating! I was wondering how you were getting on. On their website it says 12 days from application to decision, this has reduced from the 15 it was when we applied. Monday is our day 12 so fingers crossed.

its gone back to 14 but if you look closely its 14 days based on applications from 5th may so isn't really helpful! Hopefully your case is more straightforward and they get it through faster! Today is the 6th working day since they said a turnaround on valuation of 6 days so fingers crossed 

Oh yeah so it has! Where did you find out the turnaround from valuation? That would give us a timescale of Monday for us. Fingers crossed for you today! 

justme200194

AIP received 16-05-20
Offer accepted on a house 08-06-20
Full mortgage application submitted 18-06-20
Mortgage declined by Halifax 08-07-20

We submitted a joint application based on only 1 years accounts as a limited company. (Partner has been self employed for 10+ years) Unfortunately we were declined based on myself only having been self employed for one year and the underwriter not being able to work out how I have gone from a relatively low wage as an administrator to self employed on a large wage. Our MB has appealed as the underwriter should only be basing the application on my years accounts as self employed/company shareholder and has sent a letter, including a letter from a company we contract to to evidence future works and value of contracts involved etc. Everything else, credit check etc all fine. Have a 20% deposit but have offered to stretch an extra 15k to 25% if this would help. Are the chances slim of the underwriter changing their decision?! So frustrating as we know it’s affordable. Also hate the waiting!! MB said 7-10 days until we hear back. Is anyone else in this position?! 

macca2424

Still waiting for Barclays after submitting my application on June 16th. It’s been sent to Legal & General to carry out a desktop valuation, I was told it had been instructed last Thursday however when I asked my broker 2 days ago I was told they needed a form from my developer which they couldn’t get until yesterday. 

It’s going to be another week of waiting for me I imagine. 

croag

I'm currently waiting back for my Nationwide valuation and I am so nervous. I am not so nervous about the offer itself, but I am on 85% LTV, FTB and Nationwide have said if the house gets valued any lower than I offered they cannot offer me a mortgage. My issue is, is I do all these online calculators and they always come back lower than my offer. But they do not take in to account what work has been done inside the property, which is substantial. All the comparative sales in the area are considerably worse state of repair than my house, and that's the only sold prices the valuer will have to go off in the local area. And that's what I'm so worried about, if they do a desktop valuation, they wont see how nice the new bathroom is, and what work the previous owners have done to  modernise it all. My valuation was on wednesday, and they 'received' it yesterday, but I am very nervous as I don't think the sellers will budge. They bought it two years ago for 13k less, did all this work, which would have cost more than 13k, so they won't drop if it comes back undervalued.

It's a waiting game... and I am not enjoying it! lol

watch3r

macca2424 said:

Still waiting for Barclays after submitting my application on June 16th. It’s been sent to Legal & General to carry out a desktop valuation, I was told it had been instructed last Thursday however when I asked my broker 2 days ago I was told they needed a form from my developer which they couldn’t get until yesterday. 

It’s going to be another week of waiting for me I imagine. 

Oh m8 . I’m waiting on a valuation since 7/07 , Developer told me 17 it’s booked for , MA told me today :
mortgage approved subject to valuation, valuation booked for 23 . So 2 weeks and 2 days after underwriting done . 

Ma advised that likely we will get our offer on the day of valuation.... 

chillicheesedog

croag said:

I'm currently waiting back for my Nationwide valuation and I am so nervous. I am not so nervous about the offer itself, but I am on 85% LTV, FTB and Nationwide have said if the house gets valued any lower than I offered they cannot offer me a mortgage. My issue is, is I do all these online calculators and they always come back lower than my offer. But they do not take in to account what work has been done inside the property, which is substantial. All the comparative sales in the area are considerably worse state of repair than my house, and that's the only sold prices the valuer will have to go off in the local area. And that's what I'm so worried about, if they do a desktop valuation, they wont see how nice the new bathroom is, and what work the previous owners have done to  modernise it all. My valuation was on wednesday, and they 'received' it yesterday, but I am very nervous as I don't think the sellers will budge. They bought it two years ago for 13k less, did all this work, which would have cost more than 13k, so they won't drop if it comes back undervalued.

It's a waiting game... and I am not enjoying it! lol

I'm in a similar situation. The house we put an offer on has had extensions, brand new everything, so we were worried about a desktop valuation because the houses on that road didn't sell for as much recently. However, I also checked Zoopla and while I know the estimate isn't to be relied on, it seemed to be in the ballpark.
We luckily had a physical valuation (HSBC) and because we are dealing with the seller directly, they told us that the valuer spent a considerable amount of time in the house and asked lots of questions which I felt was a good sign.
Chased today as it has been over a week since and got confirmation that it was valued at our offer price, so all good.
I'd maybe check if your lender is currently carrying out physical valuations at all, if they don't tell you, maybe the estate agent will if they were in touch for a date?

fiision2020

Jamaicanmelaff said:

heston2014 said:

Jamaicanmelaff said:

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.

Amazing news @xx_ms@xx_mstilda_xx! So happy for you.... come on @Jamaicanmelaff! I'm just lurking here because I am waiting for your great news too! hehe  Good luck to everyone still waiting! Just keep that bottle of bubbly chilled and ready!

Weeeeeelll... you won’t need to lurk much longer! The BDM gave them a right kick up the !!!!!! so they apparently did a digital valuation yesterday (for 25,000 more than I am paying, so bonus!) and I got my mortgage offer this evening. So this absolute beauty is now well on its way to being mine. Thank you so much for your support over the last few weeks, you’ve helped me hold on to the last of my sanity! 

https://www.zoopla.co.uk/for-sale/details/51540493?search_identifier=dd2cff98b64b235a01180d710d0e9f0e

Congratulations, you must be so relieved. Hopefully the rest of the buying process will be a breeze. Love the house.