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

Lancs1234

SierraRomeo30 said:

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! 

Change of plan, we've not got an official offer subject to valuation, however they've said they can't give a timescale for this now. 
Ours is a slightly strange situation as they did carry out a valuation visit on the 18th June, the estate agents have confirmed they entered the property yet accord are adamant they haven't completed a valuation yet. We initially applied the 15th June and valuation visit was done 18th June like I said. But this valuation was requested 13th July and hasn't been done yet so not sure how much longer now! At least we have some good news though.

Process90

chillicheesedog said:

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?

How is your application progressing aside from the valuation? Trying to gauge the timescale from valuation report to underwriter, to offer.

I tend to think of physical valuations as a good sign that the lender is willing to lend and going to make an offer of some kind. Why else would you incur the cost of sending out a surveyor if you weren't going to lend.

We have our physical HSBC one scheduled for Monday.

SierraRomeo30

Lancs1234 said:

SierraRomeo30 said:

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! 

Change of plan, we've not got an official offer subject to valuation, however they've said they can't give a timescale for this now. 
Ours is a slightly strange situation as they did carry out a valuation visit on the 18th June, the estate agents have confirmed they entered the property yet accord are adamant they haven't completed a valuation yet. We initially applied the 15th June and valuation visit was done 18th June like I said. But this valuation was requested 13th July and hasn't been done yet so not sure how much longer now! At least we have some good news though.

That does sound positive, but gosh what a mess that sounds. I’m stressed out now cos it’s clear we’re going to be waiting into next week, I wasn’t ever really prepared for the toll all the waiting and hoping takes on your wellbeing. It’s hard when the direction your life is going is in the hands of someone else. Sigh, I keep thinking no news is good news but it’s getting weary now.

28tsw

Process90 said:

chillicheesedog said:

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?

How is your application progressing aside from the valuation? Trying to gauge the timescale from valuation report to underwriter, to offer.

I tend to think of physical valuations as a good sign that the lender is willing to lend and going to make an offer of some kind. Why else would you incur the cost of sending out a surveyor if you weren't going to lend.

We have our physical HSBC one scheduled for Monday.

Is this not just how HSBC work? I got the impression from broker that HSBC underwrite and value concurrently for everyone. Is that not true?

Bryson20

Bryson20 said:

I'm applying with Nationwide. I'm a first time buyer and the sole applicant. I'm using a broker.
AIP - 6th July
Applied - 6th July
Valuation scheduled, completed and received - 7th July
Sent Nationwide remaining requested forms (gifted deposit letter etc.) - 15th July
Now back to the nervous waiting

I am very bad at waiting so asked the Nationwide livechat for an update - they are apparently verifying the last forms I sent them and should be able to make a decision in about 4 days (not sure if that's 4 days from receiving the forms or from now). 

Jazmin28

does anyone know if banks are part working on the weekend.. i.e has anyone gotten there full offer email on either a Saturday or a Sunday? as you can tell i'm quite inpatient.. have a nice weekend everyone. 

chillicheesedog

Process90 said:

chillicheesedog said:

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?

How is your application progressing aside from the valuation? Trying to gauge the timescale from valuation report to underwriter, to offer.

I tend to think of physical valuations as a good sign that the lender is willing to lend and going to make an offer of some kind. Why else would you incur the cost of sending out a surveyor if you weren't going to lend.

We have our physical HSBC one scheduled for Monday.

Process90 said:

chillicheesedog said:

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?

How is your application progressing aside from the valuation? Trying to gauge the timescale from valuation report to underwriter, to offer.

I tend to think of physical valuations as a good sign that the lender is willing to lend and going to make an offer of some kind. Why else would you incur the cost of sending out a surveyor if you weren't going to lend.

We have our physical HSBC one scheduled for Monday.

It's weird, I read everywhere that HSBC give you an offer subject to valuation but in our case, the valuation was carried out in less than a week from application. 
10 days after submission they got in touch to ask for some more documents (my husband is self employed) which we submitted within hours of being asked, in the email the MA said we were in the final stages with the underwriter. That was 4 days ago, and he chased today and found out about the satisfactory valuation. He was told that the underwriters have a 7 day SLA and don't work weekends so that should mean we hear back Wednesday. 
Since we rang up to find out about the valuation, we'll probably ring next week again to see if there's an outcome that the MA hasn't told us about as I assume they're busy with appointments. 
I'll be happy to be put out of my misery, the sooner we know whether yes or no, the quicker I can have some semblance of normality and not feel like on the edge constantly. 😕

motherofcats

chillicheesedog said:

Process90 said:

chillicheesedog said:

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?

How is your application progressing aside from the valuation? Trying to gauge the timescale from valuation report to underwriter, to offer.

I tend to think of physical valuations as a good sign that the lender is willing to lend and going to make an offer of some kind. Why else would you incur the cost of sending out a surveyor if you weren't going to lend.

We have our physical HSBC one scheduled for Monday.

Process90 said:

chillicheesedog said:

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?

How is your application progressing aside from the valuation? Trying to gauge the timescale from valuation report to underwriter, to offer.

I tend to think of physical valuations as a good sign that the lender is willing to lend and going to make an offer of some kind. Why else would you incur the cost of sending out a surveyor if you weren't going to lend.

We have our physical HSBC one scheduled for Monday.

It's weird, I read everywhere that HSBC give you an offer subject to valuation but in our case, the valuation was carried out in less than a week from application. 
10 days after submission they got in touch to ask for some more documents (my husband is self employed) which we submitted within hours of being asked, in the email the MA said we were in the final stages with the underwriter. That was 4 days ago, and he chased today and found out about the satisfactory valuation. He was told that the underwriters have a 7 day SLA and don't work weekends so that should mean we hear back Wednesday. 
Since we rang up to find out about the valuation, we'll probably ring next week again to see if there's an outcome that the MA hasn't told us about as I assume they're busy with appointments. 
I'll be happy to be put out of my misery, the sooner we know whether yes or no, the quicker I can have some semblance of normality and not feel like on the edge constantly. 😕

I feel the same being on edge. I know I only submitted my application to aldermore a week ago but I just want to know their decision so I can relax a bit more.

sm77j

Still awaiting underwriting application sent in 9 days ago broker says hopefully hear Monday 🤞

Loglog

Bryson20 said:

Bryson20 said:

I'm applying with Nationwide. I'm a first time buyer and the sole applicant. I'm using a broker.
AIP - 6th July
Applied - 6th July
Valuation scheduled, completed and received - 7th July
Sent Nationwide remaining requested forms (gifted deposit letter etc.) - 15th July
Now back to the nervous waiting

I am very bad at waiting so asked the Nationwide livechat for an update - they are apparently verifying the last forms I sent them and should be able to make a decision in about 4 days (not sure if that's 4 days from receiving the forms or from now). 

Hopefully you will hear some good news soon.  
I'm still waiting for the update as well, submitted on Monday and was told the valuation was carried out yesterday! Been very anxious waiting!