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

Looby321

ThatDavieGuy said:

davidthatch said:

Morning everyone, long time reader on the thread. Mortgage promise revived from TSB 18th and full application submitted through broker the same day. Revived notification valuation is going ahead today. Does anyone know if TSB order valuation before underwriters or will it have been looked at already. The waiting is brutal....

Our application went in on 22nd June, Valuation was completed on 30th June and has been with the underwriters since then as apparently they have had an IT and covid related staffing issues which has caused a backlog.

Our MA has been pushing them on a decision or an idea of what date they are working on at the moment but they haven't provided anything.

I'm still waiting for my mortgage offer from TSB. Application submitted 2nd June. Valuation 28th June. 

davidthatch

Looby321 said:

ThatDavieGuy said:

davidthatch said:

Morning everyone, long time reader on the thread. Mortgage promise revived from TSB 18th and full application submitted through broker the same day. Revived notification valuation is going ahead today. Does anyone know if TSB order valuation before underwriters or will it have been looked at already. The waiting is brutal....

Our application went in on 22nd June, Valuation was completed on 30th June and has been with the underwriters since then as apparently they have had an IT and covid related staffing issues which has caused a backlog.

Our MA has been pushing them on a decision or an idea of what date they are working on at the moment but they haven't provided anything.

I'm still waiting for my mortgage offer from TSB. Application submitted 2nd June. Valuation 28th June. 

Have they asked for any further information since application and valuation or have you just been waiting on a decision?

Looby321

davidthatch said:

Looby321 said:

ThatDavieGuy said:

davidthatch said:

Morning everyone, long time reader on the thread. Mortgage promise revived from TSB 18th and full application submitted through broker the same day. Revived notification valuation is going ahead today. Does anyone know if TSB order valuation before underwriters or will it have been looked at already. The waiting is brutal....

Our application went in on 22nd June, Valuation was completed on 30th June and has been with the underwriters since then as apparently they have had an IT and covid related staffing issues which has caused a backlog.

Our MA has been pushing them on a decision or an idea of what date they are working on at the moment but they haven't provided anything.

I'm still waiting for my mortgage offer from TSB. Application submitted 2nd June. Valuation 28th June. 

Have they asked for any further information since application and valuation or have you just been waiting on a decision?

Just waiting on a decision now. They haven't requested any additional information. I tried my hardest to make sure they had everything they could possibly need, as advised by the broker. The latest update I had was that they were reviewing the valuation last Wednesday (15th). The broker last checked on Friday, but no updates. 

davidthatch

Looby321 said:

davidthatch said:

Looby321 said:

ThatDavieGuy said:

davidthatch said:

Morning everyone, long time reader on the thread. Mortgage promise revived from TSB 18th and full application submitted through broker the same day. Revived notification valuation is going ahead today. Does anyone know if TSB order valuation before underwriters or will it have been looked at already. The waiting is brutal....

Our application went in on 22nd June, Valuation was completed on 30th June and has been with the underwriters since then as apparently they have had an IT and covid related staffing issues which has caused a backlog.

Our MA has been pushing them on a decision or an idea of what date they are working on at the moment but they haven't provided anything.

I'm still waiting for my mortgage offer from TSB. Application submitted 2nd June. Valuation 28th June. 

Have they asked for any further information since application and valuation or have you just been waiting on a decision?

Just waiting on a decision now. They haven't requested any additional information. I tried my hardest to make sure they had everything they could possibly need, as advised by the broker. The latest update I had was that they were reviewing the valuation last Wednesday (15th). The broker last checked on Friday, but no updates. 

Good luck with everything, sounds promising they have not requested anything else. Hopefully just sitting waiting to get approved. I submitted through broker with them on the 11th, they have not asked for anymore information and a hard check has appeared on credit report from that day. Other then being told valuation is a head today that is all I have heard from them.

Looby321

davidthatch said:

Looby321 said:

davidthatch said:

Looby321 said:

ThatDavieGuy said:

davidthatch said:

Morning everyone, long time reader on the thread. Mortgage promise revived from TSB 18th and full application submitted through broker the same day. Revived notification valuation is going ahead today. Does anyone know if TSB order valuation before underwriters or will it have been looked at already. The waiting is brutal....

Our application went in on 22nd June, Valuation was completed on 30th June and has been with the underwriters since then as apparently they have had an IT and covid related staffing issues which has caused a backlog.

Our MA has been pushing them on a decision or an idea of what date they are working on at the moment but they haven't provided anything.

I'm still waiting for my mortgage offer from TSB. Application submitted 2nd June. Valuation 28th June. 

Have they asked for any further information since application and valuation or have you just been waiting on a decision?

Just waiting on a decision now. They haven't requested any additional information. I tried my hardest to make sure they had everything they could possibly need, as advised by the broker. The latest update I had was that they were reviewing the valuation last Wednesday (15th). The broker last checked on Friday, but no updates. 

Good luck with everything, sounds promising they have not requested anything else. Hopefully just sitting waiting to get approved. I submitted through broker with them on the 11th, they have not asked for anymore information and a hard check has appeared on credit report from that day. Other then being told valuation is a head today that is all I have heard from them.

Thanks. I'm praying I hear this week. I think my seller would have pulled out already if the new build they're buying hadn't been delayed. Good luck with yours. I hope you don't have to wait too long.

RPF1992

For those waiting on a Halifax mortgage...

My MA spoke to Halifax this morning and they suggest they’re aiming for a 9-day turnaround at underwriting stage. Fingers crossed to those who are waiting. We should receive our decision this afternoon / tomorrow, based on that timeline. 

ThatDavieGuy

davidthatch said:

ThatDavieGuy said:

davidthatch said:

Morning everyone, long time reader on the thread. Mortgage promise revived from TSB 18th and full application submitted through broker the same day. Revived notification valuation is going ahead today. Does anyone know if TSB order valuation before underwriters or will it have been looked at already. The waiting is brutal....

Our application went in on 22nd June, Valuation was completed on 30th June and has been with the underwriters since then as apparently they have had an IT and covid related staffing issues which has caused a backlog.

Our MA has been pushing them on a decision or an idea of what date they are working on at the moment but they haven't provided anything.

Looks like wait is going to be going on a while then...Your application will be nearly a month ahead of mine in the queue. Do you know if the IT problems have been resolved, seems like it’s an ongoing issue for TSB and IT problems. Hope you get decision you want to hear soon 👍

To be honest I'm not convinced that there's an IT issue at all, i think it's more likely staff being on furlough has created a backlog and they're struggling. I've asked time and time again about finding out what date they're actively working on but the MA says anytime they ask the question it never gets answered.

The MA said they asked for some information on the day that it went to the underwriters which was provided immediately and since then there's been no updates, we're starting to be pushed by the seller to close so our MA is trying to put some pressure on but the lack of information coming from TSB is frustrating.

Kalamides

Hi everyone - this is my first post on the forum. We're FTBs and I am wondering if anyone's recently applied for a mortgage with West Brom and if they could share their experience? We got an AIP from them on Wednesday last week after having our offer accepted on a property that's only 10 months old (sellers moving due to medical conditions). We're submitting our full application today via our MA.

I have 2 key worries:

- we're going with a 15% deposit however we won't have saved the full amount until the end of August (6 weeks from now) - we have demonstrated our ability to save a certain sum/month for the past 10 months so we are fully confident we'll have more than the full deposit then, but is this likely to cause issues? We've provided evidence of the deposit we have now and our saving pattern.

- the age of the property - looking at the media and the different lenders' criteria, with some refusing to lend against properties less than 24 months old, I am pretty worried.

What do you think? Grateful for any thoughts or advice! Thank you!

28tsw

To those waiting on TSB, are you having delays due to complexities?

Person buying from us is using TSB just wondering if she’ll have similar issues. She’s not self employed and has low LTV.

Lumb

28tsw said:

To those waiting on TSB, are you having delays due to complexities?

Person buying from us is using TSB just wondering if she’ll have similar issues. She’s not self employed and has low LTV.

TSB application here too, straightforward case, 2 x DWP workers not furloughed and with 15% deposit. Lender required a damp and timber report which has come back clear today and they have now agreed the full valuation. Broker has advised we’re just awaiting the mortgage offer, there’s no indication that it needs to go to an underwriter so will keep you updated.