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

jade2612

lancslass26 said:

jade2612 said:

lancslass26 said:

jade2612 said:

Our mortgage with nationwide so far. 

Applied 15th July 
valuation 22nd July 
update today 27th July it’s away with the underwriters. I don’t know if this means it’s bad news. I thought nationwide did their underwriting before the valuation. Has anyone else expierenced this and still had good news? 

All applications have to go to underwriters, sometimes this is more manual if more complex employment, bonues, self employment or can be electronic if more straightforward - low LTV or fully employed. Have you checked Equifax report? Soft searches should have shown on day of application or DIP and then hard searches will show once with underwriters?

So we are both employed full time with the nhs so pretty secure jobs. We’re only borrowing 78% of the value and it’s a cheap mortgage of less than £70,000. But my husband has 1 settled default which is worrying me even though it was for a very low amount and 4 years old. I must keep an eye on my credit reports I seen on Equifax 3 separate searches on both mines and my husbands. 

I think the way they do it is.. when DIP is done and soft searches, it will alert if they need to manually underwrite or if something isn't straightforward. So possibly depends how long ago the settled default is. Each bank has different criteria. On Equifax on the search page, it has 2 tables, the top table is hard searches and the Table 2 is soft search. If the 3 searches are on the lower table then you won't have had hard searches done yet. Hope that makes sense!

Yeah they were all on the lower table so must have only been soft search’s. I hope we hear soon Iv never been as stressed and it’s only the unknowing that’s doing it to me. 

lancslass26

jade2612 said:

lancslass26 said:

jade2612 said:

lancslass26 said:

jade2612 said:

Our mortgage with nationwide so far. 

Applied 15th July 
valuation 22nd July 
update today 27th July it’s away with the underwriters. I don’t know if this means it’s bad news. I thought nationwide did their underwriting before the valuation. Has anyone else expierenced this and still had good news? 

All applications have to go to underwriters, sometimes this is more manual if more complex employment, bonues, self employment or can be electronic if more straightforward - low LTV or fully employed. Have you checked Equifax report? Soft searches should have shown on day of application or DIP and then hard searches will show once with underwriters?

So we are both employed full time with the nhs so pretty secure jobs. We’re only borrowing 78% of the value and it’s a cheap mortgage of less than £70,000. But my husband has 1 settled default which is worrying me even though it was for a very low amount and 4 years old. I must keep an eye on my credit reports I seen on Equifax 3 separate searches on both mines and my husbands. 

I think the way they do it is.. when DIP is done and soft searches, it will alert if they need to manually underwrite or if something isn't straightforward. So possibly depends how long ago the settled default is. Each bank has different criteria. On Equifax on the search page, it has 2 tables, the top table is hard searches and the Table 2 is soft search. If the 3 searches are on the lower table then you won't have had hard searches done yet. Hope that makes sense!

Yeah they were all on the lower table so must have only been soft search’s. I hope we hear soon Iv never been as stressed and it’s only the unknowing that’s doing it to me. 

You'll be fine, I'm passed stressing about it. If we don't get it then so be it. Yes Table 2 are soft searches. The timescales at the moment are:

Average number of working days from application to offer	18 days
DIP refer decisions reviewed within	2 day*
Average number of working days for initial underwrite of a case	10 days
Average number of working days for document processing	5 days*

a6

Does anyone know if valuation being booked is promising with Halifax? We've sent a couple of bits to the underwriter next week, and we now know the valuation has been booked.

SierraRomeo30

Lancs1234 said:

Finally got our offer! After applying on the 15th of June this morning we have received our offer from Accord! Hopefully everything will run smoothly from here. 

Good luck to everyone waiting to hear!

Brilliant news! Congrats 😁

jade2612

Girlisgettingthere said:

jade2612 said:

Our mortgage with nationwide so far. 

Applied 15th July 
valuation 22nd July 
update today 27th July it’s away with the underwriters. I don’t know if this means it’s bad news. I thought nationwide did their underwriting before the valuation. Has anyone else expierenced this and still had good news? 

Hi Jade
My partner had 2 5 year old defaults ( 1 unsettled ) and he put the application into Halifax on Thursday (sole application) and he got his mortgage offer this morning. I'm so shocked with how quick it happened however we are in Scotland and don't need the valuation etc as he already had the home report. Hope this puts your mind at ease.

Hi, thanks, yeah that’s good to know. I know I won’t settle untill I know either way. Hopefully sooner rather than later. 

MadMax_2

My FA has applied for a mortgage for myself and my husband with Nat west - he said we had passed the credit search and the formal application was sent to them early last week but when I looked at my Experian status is said Nat West had conducted a Soft Identity Search not a Hard Search - does this mean our application could be declined and the hard search is still to take place?  I have two missed payments over a  year ago for an online item hence why I am concerned - hoping someone can help Thank you 

Deemcdee20

Hi all FTB here. Was just wondering if anyone has experience of Halifax process in Scotland.

The home report for our property needs to be refreshed due to the length of time since originally going on the market. However this seems to be taking quite a bit of time. MA stated that our application is just awaiting valuation but don't want to get to excited until we can confirm the home report. Has anyone had a simular experience? 

izoomzoom

Assuming all okay, just received our email offer from Santander:
Applied 9/7/20
Offer received 27/7/20.
I'm self employed & husband employed & back from furlough.

chaney92

Hi all. 

First time buyer here. Doing shared ownership. 25% of 290,000

so £72500 loan
il be putting down 15% deposit. 

I’m self employed partner employed 

Put application in on the 17th with Halifax. Heard today that valuation is booked for 5th August (we had hard and soft searches day after application)

Just worried about valuation as don’t know if new build semi detached 3 bed is worth 290,000

how does it look?

firstimebuyer1993

Happy Monday everyone! I, unfortunately, don't have any more news on my BOI application... But the valuation came through on the 16 July and BOI website indicates they are examining documents from 15 July so the broker expects the offer to come through tomorrow!