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

leodis23

Chilli6 said:

Chilli6 said:

Just put mortgage application through today. I've gone with nationwide as I was with them previously and found them easy to deal with. 
It's a 30% LTV mortgage so hoping it will be OK as its affordable. Only potential negative I can see is my job which is charity manager and with todays uncertainty may be seen as risky. I've remained working throughout with same pay so hopefully its all OK 

Really happy I got my mortgage offer today from Nationwide!

22/07 - view house, offer put in
24/07 - offer accepted
25/07 - mortgage application in
27/07 - text from NW to say received and valuation done same day
31/07 - mortgage offer received
Far quicker than I thought it would be

Now to get the survey booked... 

Holy moly! I got my 'we've got your application' text from Nationwide on Sunday night and haven't had anything else all week.

motherofcats

Another weekend of waiting from aldermore. Been 3 weeks since application and a week since valuation

Trickster33

ftbamy2020 said:

hannah2283 said:

ftbamy2020 said:

hannah2283 said:

Had the valuation from HSBC today via the broker. Basically valuing it at £0 unless I get a timber, damp & wall tie report plus a quotation for remedial works. It’s a bit odd because normally they would take the value of works off the value offered for the house (according to my agent) and these are things that can be quite easily repaired. Luckily I have my homebuyers report survey scheduled for this week which will hopefully clarify these issues. I do still want the house though so it looks as though it’s going to be longer, more complicated and more expensive than I thought! Has anyone else experienced this before (and it’s turned out fine?) 

I have just had my valuation back from barclays and they have valued at 0! I had a home report done 1 month ago and it was reported as having no immediate problems and suitable for mortgage. To say I am fuming is an understatement! Not sure where to go from here. 

Ah sorry to hear this. Has a reason been given for the 0 valuation? They should/your broker should tell you why. I have my HB report survey tomorrow and when I spoke to the surveyor yesterday he said that the reason given is quite a common one and should be fine one way or another - just with some extra expense. HSBC are super picky apparently and I’d be unlikely to have the same issue with other lenders. But, I hope you find a way through. 

Yeah the reasons are that it there was no electric so needs a full rewire when in reality the power just wasn't turned on. Full damp proofing but the house has been empty for about 10 years and the area of damp is on the chimney breast which was repaired a couple of years ago and just needs the flashings replaced now but because its been empty and not decorated you can still see where the damp was and we need to get a builder to check the ties on all four walls. So what has happened is they have sent a surveyor from the City to value and older rural property and he's just assumed there will be problems. He was only in the house 15 mins and didn't walk around the outside of it. 
Can anyone tell me if a valuation is necessary in Scotland if there is a recent home report? 

Think they are valid for 3 months after that needs to be done again . 

Chilli6

leodis23 said:

Chilli6 said:

Chilli6 said:

Just put mortgage application through today. I've gone with nationwide as I was with them previously and found them easy to deal with. 
It's a 30% LTV mortgage so hoping it will be OK as its affordable. Only potential negative I can see is my job which is charity manager and with todays uncertainty may be seen as risky. I've remained working throughout with same pay so hopefully its all OK 

Really happy I got my mortgage offer today from Nationwide!

22/07 - view house, offer put in
24/07 - offer accepted
25/07 - mortgage application in
27/07 - text from NW to say received and valuation done same day
31/07 - mortgage offer received
Far quicker than I thought it would be

Now to get the survey booked... 

Holy moly! I got my 'we've got your application' text from Nationwide on Sunday night and haven't had anything else all week.

Not sure if it helped that I'd had a previous mortgage offer from NW back in Feb but pulled out of that house. It might have made no difference but who knows 

SierraRomeo30

Sigh another weekend of waiting. Here’s hoping next week is THE week for us all!

firsttimebuyerlpl

I tried to download the nationwide app as someone suggested however it won’t send me the text message with the security code. Anyone ever had issues with this? MA is not responding and want to see where we are with the application 

thaddy

firsttimebuyerlpl said:

I tried to download the nationwide app as someone suggested however it won’t send me the text message with the security code. Anyone ever had issues with this? MA is not responding and want to see where we are with the application 

lancslass26 mentioned the same issue but we haven't had much luck with the app either because it asks us if we want to be put through to an advisor during working hours. Hopefully you will get a response from your MA soon.

fiision2020

SierraRomeo30 said:

Sigh another weekend of waiting. Here’s hoping next week is THE week for us all!

I have to wait until at least Tue for my timber/damp report, forward that to my broker and wait for a decision from the lender. I will probably looking at the best part of two weeks just to see if I've got a mortgage offer.   

hannah2283

fiision2020 said:

SierraRomeo30 said:

Sigh another weekend of waiting. Here’s hoping next week is THE week for us all!

I have to wait until at least Tue for my timber/damp report, forward that to my broker and wait for a decision from the lender. I will probably looking at the best part of two weeks just to see if I've got a mortgage offer.   

I need to get a damp/timber and wall tie report/quote and then send them plus the HB report to my broker. Sigh. HB report has valued the property £32k lower than I've offered for it (and £35k lower than what it was on the market at....) not sure what happens now!

ftbamy2020

Trickster33 said:

ftbamy2020 said:

hannah2283 said:

ftbamy2020 said:

hannah2283 said:

Had the valuation from HSBC today via the broker. Basically valuing it at £0 unless I get a timber, damp & wall tie report plus a quotation for remedial works. It’s a bit odd because normally they would take the value of works off the value offered for the house (according to my agent) and these are things that can be quite easily repaired. Luckily I have my homebuyers report survey scheduled for this week which will hopefully clarify these issues. I do still want the house though so it looks as though it’s going to be longer, more complicated and more expensive than I thought! Has anyone else experienced this before (and it’s turned out fine?) 

I have just had my valuation back from barclays and they have valued at 0! I had a home report done 1 month ago and it was reported as having no immediate problems and suitable for mortgage. To say I am fuming is an understatement! Not sure where to go from here. 

Ah sorry to hear this. Has a reason been given for the 0 valuation? They should/your broker should tell you why. I have my HB report survey tomorrow and when I spoke to the surveyor yesterday he said that the reason given is quite a common one and should be fine one way or another - just with some extra expense. HSBC are super picky apparently and I’d be unlikely to have the same issue with other lenders. But, I hope you find a way through. 

Yeah the reasons are that it there was no electric so needs a full rewire when in reality the power just wasn't turned on. Full damp proofing but the house has been empty for about 10 years and the area of damp is on the chimney breast which was repaired a couple of years ago and just needs the flashings replaced now but because its been empty and not decorated you can still see where the damp was and we need to get a builder to check the ties on all four walls. So what has happened is they have sent a surveyor from the City to value and older rural property and he's just assumed there will be problems. He was only in the house 15 mins and didn't walk around the outside of it. 
Can anyone tell me if a valuation is necessary in Scotland if there is a recent home report? 

Think they are valid for 3 months after that needs to be done again . 

My home report was done 4 weeks ago so dont know why they have even done the valuation.