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

lancslass26

firsttimebuyerlpl said:

leodis23 said:

firsttimebuyerlpl said:

Our application is still pending wit NW too. Application received on the 22nd of July, valuation completed on the 28th, hard credit search seen on my
credit file on the 1st of August but our MA there is a 10 working day wait for the underwriters at the minute. We haven’t received any text message from NW since the valuation was booked in. Hoping the fact a hard search was done on my credit file means things are getting closer to an final answer. How long did people wait from hard search to getting an offer? 

It's been 8 days since my application was received and I've not even had the valuation text yet... NW must be really inundated with applications at the moment.

I’ve just spoken with NW and they said everything looks good and on track but they have no received the valuation report yet. Told her it was due to be carried out on the 28th but she can’t confirm if it has or not because they haven’t received the report back. How long does it take from when the valuation is done to NW or any lender receiving the report? 

NW should receive the reports within 2 working days from valuer then they have X working days to process that report. 

fiision2020

ng1993 said:

Current update with myself:

23/06 - AIP with Saffron for 95% mortgage (Got it via a refferal originally)
29/06 - Offer accepted on house for £175k
07/07 - Mortgage application submitted with Saffron via broker, told 12 working days
21/07 - With underwriters, told ANOTHER 12 working days!

Rang for an update this afternoon and was told that it should be a decision this week, Been a long long process!!

It was 15 working days for me with Saffron. Did they mention anything about a valuation?

lancslass26

So I’ve called NW direct and they’ve said they are awaiting further documentation. Chased MB this morn asking if she’s uploaded it - no response. Called NW again and they’ve said it’s still not been uploaded but will review with 24hrs once MB has done it. Chased her again - still no response 🤷🏻‍♀️

padlilly115

We have just got our mortgage offer from HSBC!  Details:  90% LTV, FTB, full time employed with no impact over covid, other applicant student midwife, both have excellent credit ratings with very little other debt, went through a mortgage broker.

Timeline:
21/7 - DIP from HSBC through MB
22/7 - Offer made and accepted on house
24/7 - All information provided to MB
25/7 - Failed to get submission through to HSBC
27/7 - Application made, EA called later to say valuation booked for 29/7
28/7 - MB says it has gone to underwrite
29/7 - Valuation carried out
03/8 - Offer made

Much faster than expected, very happy.  Good luck to everyone else!

hannah2283

HSBC want remedial works done before I move in. But I don't legally own the property so in theory can't pay for it. So I'll have to ask the buyers to pay and likely put my offer back up to the asking price. Sigh.

firsttimebuyerlpl

padlilly115 said:

We have just got our mortgage offer from HSBC!  Details:  90% LTV, FTB, full time employed with no impact over covid, other applicant student midwife, both have excellent credit ratings with very little other debt, went through a mortgage broker.

Timeline:
21/7 - DIP from HSBC through MB
22/7 - Offer made and accepted on house
24/7 - All information provided to MB
25/7 - Failed to get submission through to HSBC
27/7 - Application made, EA called later to say valuation booked for 29/7
28/7 - MB says it has gone to underwrite
29/7 - Valuation carried out
03/8 - Offer made

Much faster than expected, very happy.  Good luck to everyone else!

Brilliant news. Congrats. Our MB was tying HSBC for sometime but couldn’t get the application through so he decided to go ahead with Nationwide. Our valuation was carried out on the 28th and we are just waiting on the report now. Hopefully it’s as quick as yours 😁 

padlilly115

firsttimebuyerlpl said:

padlilly115 said:

We have just got our mortgage offer from HSBC!  Details:  90% LTV, FTB, full time employed with no impact over covid, other applicant student midwife, both have excellent credit ratings with very little other debt, went through a mortgage broker.

Timeline:
21/7 - DIP from HSBC through MB
22/7 - Offer made and accepted on house
24/7 - All information provided to MB
25/7 - Failed to get submission through to HSBC
27/7 - Application made, EA called later to say valuation booked for 29/7
28/7 - MB says it has gone to underwrite
29/7 - Valuation carried out
03/8 - Offer made

Much faster than expected, very happy.  Good luck to everyone else!

Brilliant news. Congrats. Our MB was tying HSBC for sometime but couldn’t get the application through so he decided to go ahead with Nationwide. Our valuation was carried out on the 28th and we are just waiting on the report now. Hopefully it’s as quick as yours 😁 

Thanks!  We had a back up as well, but got lucky with getting through I think, luck of the draw!  Fingers crossed yours goes through quickly!

Lancs1234

SierraRomeo30 said:

Well fed up, got an update from MB today saying Accord have advised it could be the end of the week before we hear anything because processing times have increased again. This will be the 3rd week in a row that they have said this. The MB have stressed the urgency and asked that it be looked at by the underwriters as a priority but no idea if this will make a difference. Our vendors are miffed and my nerves are just about hanging on because of worrying about them pulling out.

I'm still here awaiting your mortgage!

You could possibly ask your broker to email the underwriter again and copy in the business development manager. My broker did this and it got things sorted extremely quickly. They pulled the case to the top of the pile due to the timescale and the fact they overlooked the valuation being on the system for a couple of weeks. Overall we were 6 weeks to the day. 

SierraRomeo30

Lancs1234 said:

SierraRomeo30 said:

Well fed up, got an update from MB today saying Accord have advised it could be the end of the week before we hear anything because processing times have increased again. This will be the 3rd week in a row that they have said this. The MB have stressed the urgency and asked that it be looked at by the underwriters as a priority but no idea if this will make a difference. Our vendors are miffed and my nerves are just about hanging on because of worrying about them pulling out.

I'm still here awaiting your mortgage!

You could possibly ask your broker to email the underwriter again and copy in the business development manager. My broker did this and it got things sorted extremely quickly. They pulled the case to the top of the pile due to the timescale and the fact they overlooked the valuation being on the system for a couple of weeks. Overall we were 6 weeks to the day. 

Thanks Lancs, I feel like I’ve been waiting forever. We’ve pushed on with the searches and survey now too, we were initially holding back to not waste money but we were advised by the estate agent that we needed to show commitment to the vendors - fair enough. But the stakes are higher now 🙈

iamap

Just reading the comment from SierraRomeo30... Do people generally wait until after their mortgage application is successful before going ahead with the searches? £300 or so risk.

First time buyers. Mortgage in principle. We have an offer accepted with an understanding everyone would like to move promptly. Have a solicitor with all paperwork in hand and surveyor lined up but not booked in. On of us is self employed and the mortgage application we’ve been advised could take a while.