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

Lancs1234

Finally managed to get a meaningful update - after the mortgage broker spending an hour on the phone to accord this morning they've confirmed they did value the house on the 18th June and the valuation looks good, so its been escalated back to the underwriter and we should get an offer as soon as it becomes top of the pile. Hoping this afternoon or tomorrow.

Trickster33

Good news and great to hear , Mines back at the bottom of the pile obviously hoping they asked all the questions they needed to in one go rather than one question at a time which would make things drag ! 

SierraRomeo30

Fingers crossed for you Lancs. The waiting is painful, you’ve been immensely patient considering!

KAP0365

Latest update with Natwest

Applied direct 18.07.20
Prescreening completed 19.07.20
Hard credit check 20.07.20
Documents requested 20.07.20
Documents returns and direct debit mandate signed 21.07.20
Bank statements requested for husband (as main account not with NatWest) and valuation instructed (confirmed as physical) 22.07.20


Site is closed today so not holding out hope that the valuation will go ahead this week!!! Anyone had experience with valuations coming back lower on new builds? 

watch3r

KAP0365 said:

Latest update with Natwest

Applied direct 18.07.20
Prescreening completed 19.07.20
Hard credit check 20.07.20
Documents requested 20.07.20
Documents returns and direct debit mandate signed 21.07.20
Bank statements requested for husband (as main account not with NatWest) and valuation instructed (confirmed as physical) 22.07.20


Site is closed today so not holding out hope that the valuation will go ahead this week!!! Anyone had experience with valuations coming back lower on new builds? 

Not to bust your bubble , my valuation was instructed on 07/07 😅 but it’s tomorrow 🎉🎉
But anyway quite fast turnaround for you. 

KAP0365

@watch3r oh god no 😫 are you buying at a new build too? Did the rest of your application pass quickly?

watch3r

KAP0365 said:

@watch3r oh god no 😫 are you buying at a new build too? Did the rest of your application pass quickly?

Yep , new build, HTB ( Sales are closed on Tuesday and Wednesday) hence only 3 days a week for valuation. 

As I’m with Barclays and they do valuation last so Mortgage approved subject to valuation. Generally apart from valuation it was straight forward, and generally all the underwriting etc was done within a week so not bad . Now just waiting for valuation.

lemliss

Where we are at with ours (Nationwide)
Dip - 2nd July - accept 
Full application- 8th July
Requested payslips and ID - 9th July
Valuation booked on 13th July for the 20th
Hard credit check - 19th July
Valuation-  20th July
Requested further documents (letter confirming I am back from furlough leave) 22nd July .

Been told it will be end of next week  before I hear anything as they are running behind with everything. The waiting is stressful isn't it haha x

KAP0365

@watch3r you aren’t moving to a site in Essex are you? Our site exactly the same, closed on Tuesday and Wednesday haha. We aren’t HTB, 32% deposit home mover and NatWest apparently don’t instruct valuation until everything else is approved so we are taking the instruction as approved subject to valuation.... it says if valuation comes back satisfactory then an offer will be issued within 48 hours of them receiving the report. Hoping that’s positive!

Loglog

lemliss said:

Where we are at with ours (Nationwide)
Dip - 2nd July - accept 
Full application- 8th July
Requested payslips and ID - 9th July
Valuation booked on 13th July for the 20th
Hard credit check - 19th July
Valuation-  20th July
Requested further documents (letter confirming I am back from furlough leave) 22nd July .

Been told it will be end of next week  before I hear anything as they are running behind with everything. The waiting is stressful isn't it haha x

Glad to hear someone’s with Nationwide. The full submission was done on Monday 13th and was told the valuation was done on 17th, since then, no update at all, driving me crazy this waiting!