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

Lancs1234

Trickster33 said:

SierraRomeo30 said:

Trickster33 said:

Think I’ve read all 1031 pages of this thread now since my application went in to Accord on the 9th of July ! I’ve not been asked for any documents , no questions either only been told documents are in order and it was waiting for the underwriters last Wednesday. Apparently get further info at the latest Mon/Tues. Not the worrying type normally but this has made me anxious and I’ve convinced myself it’ll be all doom and gloom 😂
Great to read all the story’s however some successful some not so , it’s not easy ! 

We’re waiting on Accord too. Put our application in on the 3rd, not had any questions asked or additional documents requested. MB says “everything moving along fine”, had the valuation but not heard anything since. The waiting is sooo frustrating. Day 14 will be Wednesday so hopefully no later than that we’ll get some news.

Wow that’s longer than me so I guess I’ll not be hearing anytime early this week !  Im taking it as a good sign they’ve not asked for anything further but I suspect it’s because of a lot of applications . I’ll be watching your posts closely ! Thanks for the reply 

Catching up so may be a little behind. Slightly different due to a few issues but ours went in on 15th June! now approved subject to valuation (estate agent gave the access to the property on the 18th June but they're denying they've already done it for some reason) so we'll have to wait to see what happens.

As for your latest comment we were told that any correspondence goes to the bottom of the underwriters pile. It appears they've had way too many applications, our mortgage advisor can sometimes have to wait for 3 days for a reply to the simplest question from the underwriter. And with no access to phone the underwriter directly as they're working from home with no access to recording phonecalls, there's no way to try and hurry them up either!

steve866

Does anyone know what would prompt NatWest to do a proper valuation as opposed to a desktop valuation? Is it purely based on them wanting to do additional due diligence on certain properties, or is it to do with the house value?

Loglog

lancslass26 said:

Loglog said:

whatislife786 said:

Text: 8th July
Hi, Nationwide here. We've received your mortgage application. If you're an existing customer switching to a new deal, your switch has been accepted.
still waiting...

Anything after that? Thanks!

I had the same. App submitted 16/7 and text and email to confirm that same night. MB called today to say that I'm now in a queue for Underwriter but they instructed valuation on 16/7 - no date as to when this will be yet. She said they will review whether a physical or desktop is needed.

On their website updated on 17th July, apparently, an application now takes 20 days in general. 

KAP0365

Application submitted direct  To NatWest 18.07.20
Text received today asking for 3 months payslips each and valuation fee... we are buying a new build (home mover) so assuming it will have to be a physical valuation? I would hope so due to the enormous charge!! Letter on digidocs says credit assessment satisfactory. Do the underwriters look before or after valuation?

Trickster33

Lancs1234 said:

Trickster33 said:

SierraRomeo30 said:

Trickster33 said:

Think I’ve read all 1031 pages of this thread now since my application went in to Accord on the 9th of July ! I’ve not been asked for any documents , no questions either only been told documents are in order and it was waiting for the underwriters last Wednesday. Apparently get further info at the latest Mon/Tues. Not the worrying type normally but this has made me anxious and I’ve convinced myself it’ll be all doom and gloom 😂
Great to read all the story’s however some successful some not so , it’s not easy ! 

We’re waiting on Accord too. Put our application in on the 3rd, not had any questions asked or additional documents requested. MB says “everything moving along fine”, had the valuation but not heard anything since. The waiting is sooo frustrating. Day 14 will be Wednesday so hopefully no later than that we’ll get some news.

Wow that’s longer than me so I guess I’ll not be hearing anytime early this week !  Im taking it as a good sign they’ve not asked for anything further but I suspect it’s because of a lot of applications . I’ll be watching your posts closely ! Thanks for the reply 

Catching up so may be a little behind. Slightly different due to a few issues but ours went in on 15th June! now approved subject to valuation (estate agent gave the access to the property on the 18th June but they're denying they've already done it for some reason) so we'll have to wait to see what happens.

As for your latest comment we were told that any correspondence goes to the bottom of the underwriters pile. It appears they've had way too many applications, our mortgage advisor can sometimes have to wait for 3 days for a reply to the simplest question from the underwriter. And with no access to phone the underwriter directly as they're working from home with no access to recording phonecalls, there's no way to try and hurry them up either!

Ah , I thought I’d read that somewhere right enough , suppose I’ll have to wait . Seems strange them denying carrying out the valuation ? Have you got a new date ? 

steve866

KAP0365 said:

Application submitted direct  To NatWest 18.07.20
Text received today asking for 3 months payslips each and valuation fee... we are buying a new build (home mover) so assuming it will have to be a physical valuation? I would hope so due to the enormous charge!! Letter on digidocs says credit assessment satisfactory. Do the underwriters look before or after valuation?

They looked before for me and told me I will receive an offer subject to the valuation being ok.

sm77j

Applying with Platform. MA advised yesterday that they had a couple of questions about transactions which I sent MA the answers to and they wanted proof of the rest of my deposit (waiting 1 week for next paycheck to get over the 15% and told they are happy to wait until then). But they've gone ahead and booked the valuation so I'm assuming that means I've cleared underwriting pending proof of deposit? Fingers crossed

jmcg

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

20th July - Call from MB as Natwest wanted clarification on Wife's bonus scheme at work. Apparently we are just above the affordability of the mortgage so clarification/further evidence of her quarterly bonus would help us (we didnt declare the bonus in the application as didn't think it would make a difference.)

watch3r

KAP0365 said:

Application submitted direct  To NatWest 18.07.20
Text received today asking for 3 months payslips each and valuation fee... we are buying a new build (home mover) so assuming it will have to be a physical valuation? I would hope so due to the enormous charge!! Letter on digidocs says credit assessment satisfactory. Do the underwriters look before or after valuation?

I think you passed the Hard ( soft ) searches, check on experian if they show up . 

It’s confusing with new builds, I’m buying a new build and it’s completed so I’m having a physical, don’t know how it works if the the house it’s not completed. 

Some lenders have application- valuation- underwriting, I think Nat west has application- valuation- underwriting- ( hence you’re paying for the valuation) . 

lancslass26

Loglog said:

lancslass26 said:

Loglog said:

whatislife786 said:

Text: 8th July
Hi, Nationwide here. We've received your mortgage application. If you're an existing customer switching to a new deal, your switch has been accepted.
still waiting...

Anything after that? Thanks!

I had the same. App submitted 16/7 and text and email to confirm that same night. MB called today to say that I'm now in a queue for Underwriter but they instructed valuation on 16/7 - no date as to when this will be yet. She said they will review whether a physical or desktop is needed.

On their website updated on 17th July, apparently, an application now takes 20 days in general. 

Yeah my MB told me that... we're supposed to be exchanging next Tuesday (yikes) - never going to happen but think the EA is aware of the backlog and they also gave me the wrong developer code for HTB loan so she knows that held everything up. I'm done stressing about it now.. what will be, will be. Fingers crossed tho