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

KAP0365

Can I join in? We applied to NatWest this morning - we have a 32% deposit so I’m hoping that’s positive, however I’m worried I’ve missed something on the application. We went with a broker for our first house 5 years ago (slightly complex, although turns out we could have gone to the high street so we ended up with a higher rate). So nervous... even though I’ve been told it’s not as difficult second time round?! 

matt_james27

HSBC 75% LTV, broker submitted full application on 8th July, offer received 5am today (18th July) via email, password for the files arrived at 9am via text 

lancslass26

Loglog said:

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! 

Good news that’s yours is moving quickly... can I ask - are you employed or self employed? It seems some lenders do valuation before underwriter and others are opposite.

lancslass26

matt_james27 said:

HSBC 75% LTV, broker submitted full application on 8th July, offer received 5am today (18th July) via email, password for the files arrived at 9am via text 

Congrats, what relief it must be for you. Did you get updates during the process? We only submitted app a few days ago following AIP on 13/7 so guessing we’re in for a bit of a wait 😩

matt_james27

lancslass26 said:

matt_james27 said:

HSBC 75% LTV, broker submitted full application on 8th July, offer received 5am today (18th July) via email, password for the files arrived at 9am via text 

Congrats, what relief it must be for you. Did you get updates during the process? We only submitted app a few days ago following AIP on 13/7 so guessing we’re in for a bit of a wait 😩

I called/messaged the broker a few times. 
08/07 app submitted
08-10/07 - valuation requested and completed (I assume desktop valuation)
10/07 - asked for payslips
15/07 - asked for proof of deposit
Both employed (NHS)

jmcg

jmcg said:

27th June - Reserved property (paid £99 fee to be refunded upon completion) with Vendor, they suggested a Mortgage broker and Conveyancer to go with. (I have a credit score check by Natwest on this date which is a bit strange)

28th June - Checked with Habito to see which mortgage they recommended and intial affordability, send out some requests for quotes for conveyancers.

28th June - Phone call from mortgage brokers suggested by Vendor, call with Mortgage advisor booked in for 6th July.

29th June - After a few quotes, the conveyancer suggested by vendor was cheapest (and they offered a discount due to referral) and we instructed them.

2nd July - First telephone meeting with Mortgage advisor (managed to get an earlier appointment to pull timeline forward by a few days). Sent across most required docs (Payslips, P60s etc). They suggested which mortgage to apply for, this matched the suggestion from Habito which gave me some confidence (Gone with Natwest fixed 5 yr). Went through full affordability for myself and wife, revewing all payslips, CCs etc. I later found out we had been given an AIP at this point.

6th July - Some delays getting gift deposit letter sorted and transfer of funds, copies sent to MA for full application. Copies also sent to Conveyancer.

9th July -  Paid valuation fee of £248 (£250 cashback on completion). Payment for searches made to conveyancer (£150)

10th July - I had forgotten to completed HTB declaration, finally got this over to MA

13th July - Confirmation from MB that full application submitted, advised to keep an eye out for the HTB Authorisation to Proceed.

16th July - Natwest requested wifes payslips
17th July - HTB Authority to Proceed receieved and sent to mortgage broker and solicitor

Still waiting,  expecting an update early next week now!
Does anyone know if the ATP would hold up a mortgage offer?

lancslass26

matt_james27 said:

lancslass26 said:

matt_james27 said:

HSBC 75% LTV, broker submitted full application on 8th July, offer received 5am today (18th July) via email, password for the files arrived at 9am via text 

Congrats, what relief it must be for you. Did you get updates during the process? We only submitted app a few days ago following AIP on 13/7 so guessing we’re in for a bit of a wait 😩

I called/messaged the broker a few times. 
08/07 app submitted
08-10/07 - valuation requested and completed (I assume desktop valuation)
10/07 - asked for payslips
15/07 - asked for proof of deposit
Both employed (NHS)

That’s great timescales... I think you’re one of the few but it’s likely because nhs employed is totally secured employment. We’re classed as self emp so I doubt it’s going to be a quick turnaround. Bet you can’t wait now 🍾

matt_james27

lancslass26 said:

That’s great timescales... I think you’re one of the few but it’s likely because nhs employed is totally secured employment. We’re classed as self emp so I doubt it’s going to be a quick turnaround. Bet you can’t wait now 🍾

Thanks. Hopefully yours won't be too long a wait. It probably is worth chasing every 2 days or so, in case the lender has asked for any documents.

lancslass26

jmcg said:

jmcg said:

27th June - Reserved property (paid £99 fee to be refunded upon completion) with Vendor, they suggested a Mortgage broker and Conveyancer to go with. (I have a credit score check by Natwest on this date which is a bit strange)

28th June - Checked with Habito to see which mortgage they recommended and intial affordability, send out some requests for quotes for conveyancers.

28th June - Phone call from mortgage brokers suggested by Vendor, call with Mortgage advisor booked in for 6th July.

29th June - After a few quotes, the conveyancer suggested by vendor was cheapest (and they offered a discount due to referral) and we instructed them.

2nd July - First telephone meeting with Mortgage advisor (managed to get an earlier appointment to pull timeline forward by a few days). Sent across most required docs (Payslips, P60s etc). They suggested which mortgage to apply for, this matched the suggestion from Habito which gave me some confidence (Gone with Natwest fixed 5 yr). Went through full affordability for myself and wife, revewing all payslips, CCs etc. I later found out we had been given an AIP at this point.

6th July - Some delays getting gift deposit letter sorted and transfer of funds, copies sent to MA for full application. Copies also sent to Conveyancer.

9th July -  Paid valuation fee of £248 (£250 cashback on completion). Payment for searches made to conveyancer (£150)

10th July - I had forgotten to completed HTB declaration, finally got this over to MA

13th July - Confirmation from MB that full application submitted, advised to keep an eye out for the HTB Authorisation to Proceed.

16th July - Natwest requested wifes payslips
17th July - HTB Authority to Proceed receieved and sent to mortgage broker and solicitor

Still waiting,  expecting an update early next week now!
Does anyone know if the ATP would hold up a mortgage offer?

I was told to do HTB app before mortgage app but we did at the same time. Depends on the bank I think, I read that some want the ATP When submitting but doubt it would hold your app up, most likely down to COVID.

[Deleted User]

I’m employed and my husband is self employed, they asked the last 3 months bank statements but that time he didn’t work at all . Now 3 weeks before , he already start work and we send the payslips from January 20 to this month . Let’s see .. I’m waiting also ..