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

jshev

dpenney22 said:

jshev said:

My and my partner are FTB and are buying a new build 3 bed semi detached, this has been our journey so far 
Lender - Halifax
1)15/08 AIP 
2)15/08 Reservation 
3)18/08 Application submitted 
4) 22/08 Valuation booked 
5) 27/08 Valuation complete
6) 28/08 Mortgage offer!!:)
Just waiting on our ATP from HTB and then solicitor to send us the documents  to sign and send back. All we will have remaining is to then exchange. Pretty smooth process so far, lots of anxieties and 'what if's' throughout the last 2 weeks but over the moon now! 

Amazing 10 days; where abouts are you buying? We are first time buyers help to buy and we are at 4 weeks and they have said it could be another 2-3, we have had our valuation done and it came back fine last week. So no idea what the hold up is

yes mate, very fast turnaround! We are buying East Midlands pal. Hope you get your mortgage offer soon, when is your expected completion date?

mrandmrsloz

mrandmrsloz said:

Thought I would join in. Here's our journey so far:
Lender - Halifax (direct)
LTV: 70%
Assuming its a straightforward case as both myself and hubby are Full Time Employees with no impact due to covid-19 (both work for Government)
20 August - offer accepted 
21 August - DIP and full application submitted, together with recent payslip uploaded. Hard search and multiple soft searches showing on Credit Karma (no others showing on other reports yet)
22 August - advised valuation booked for 26 August
24 August - called for an update of the process. Was advised at this point that all looked ok and was rated Grade A (whatever that means)
26 August - called Halifax who advised that it looked like the valuation was booked for 25 August (?). Couldn't see if valuation was received yet but advised everything had been passed to mortgage advisor and he may also have the valuation report. So emailed for an update.....
Now sitting here constantly checking emails and biting my nails......
Anyone had similar process?

Just heard today that the mortgage is at offer! So relieved the valuation came back on the dot! Can relax a bit this weekend now.....on to the next stage which will likely consist of more nail biting moments.....

sofsar

Hi folks, been reading this for a week now so Iv finally thought I’d comment.
 Iv applied with NatWest and sold my house.

Valuation was done on 19th and they replied back yesterday 28th saying I may not be able to afford it now and near future! After all that time anxiously waiting. It seems they are predicting the worst. Morgage is joint so using joint incomes and tax credits. Hope Tuesday brings me Good news now when broker rings up 

anyone else with NatWest 

söpöpöllö

Apparently our application is going smoothly and is at the final checks, and hopefully there will be positive news next week. I want to focus on the other stressful aspects of house buying already lol.

BekahLeaDee

Second time buyers, 90% ltv. This has been a journey! 
5th August - offer accepted - broker already in place to help with mortage application. 
7th August - AIP, first attempt at application with HSBC.
18th August - Still no luck with application. Find someone else. 
21st August - Application placed with Metro Banking. Valuation paid. 
28th August - HSBC now available for        application (if you had a AIP in place). Switch back to HSBC. 
And here we are! 

blacksheepvegan

22nd July ; AIP with Santander via broker Soft check done and financial association noted on Experian reports 
4th aug ; view the right house 
5th aug; offer made £20k below asking as work needed, offer declined, offer again £5k more.
6th aug; counter offer accepted, secure for £14k under asking price. 

6th aug; supply accountants cert, copies passports, partners July payslip to broker 
7th aug; instruct solicitors
7th aug; broker requests landlords name and address, direct debit details for mortgage payments, name of deposit donor, and full property details 
10h aug; Queries re partner being furloughed (always on 100% pay. They wanted to know why he was furloughed. He is a sales manager into fashion retail, so no work whilst they’re closed really) he’s off furlough anyway and been back to work full time for a month now. Queried how my business affected by covid. Explained my industry is recession proof so I’m not affected. 
10th aug; Text from Santander confirming receipt of full applications
12th aug; valuation instructed
17th aug: query additional date to be added by accountant to form. 

17th aug: desktop valuation completed
18th aug: passed to underwriter 
29th aug: FULL OFFER AGREED AND EMAIL RECIEVED FROM SANTANDER 🎉🎉

we are absolutely over the moon. Joint application 85%ltv, I’m self employed he’s PAYE, FTB getting 2.3 times income. 

Drawingaline

blacksheepvegan said:

22nd July ; AIP with Santander via broker Soft check done and financial association noted on Experian reports 
4th aug ; view the right house 
5th aug; offer made £20k below asking as work needed, offer declined, offer again £5k more.
6th aug; counter offer accepted, secure for £14k under asking price. 

6th aug; supply accountants cert, copies passports, partners July payslip to broker 
7th aug; instruct solicitors
7th aug; broker requests landlords name and address, direct debit details for mortgage payments, name of deposit donor, and full property details 
10h aug; Queries re partner being furloughed (always on 100% pay. They wanted to know why he was furloughed. He is a sales manager into fashion retail, so no work whilst they’re closed really) he’s off furlough anyway and been back to work full time for a month now. Queried how my business affected by covid. Explained my industry is recession proof so I’m not affected. 
10th aug; Text from Santander confirming receipt of full applications
12th aug; valuation instructed
17th aug: query additional date to be added by accountant to form. 

17th aug: desktop valuation completed
18th aug: passed to underwriter 
29th aug: FULL OFFER AGREED AND EMAIL RECIEVED FROM SANTANDER 🎉🎉

we are absolutely over the moon. Joint application 85%ltv, I’m self employed he’s PAYE, FTB getting 2.3 times income. 

Santander have queried my income three times. Haven't even bothered asking my husband anything. He earns 50k, I earn 10k 🤷 I am assuming they took one look at who he works for and figured he is fine?! (Well known food retailer lol!) We are at 28 working days and still waiting. 

katiescotland88

Hello anyone else waiting on HSBC? Our application has been with the underwriters for 2 weeks 😬 nervously waiting!

loverlygal

Hi all, 
We're waiting anxiously on Nationwide. Here's what's happened so far: -
Mortgage broker 1 - applied for AIP with Accord, accepted. Declined on full application due to partner's previous poor credit (which was not an issue as far as the broker was concerned and so was not declared on his recommendation). After being frustrated by lack of communications and poor guidance by this broker we went with...
Broker 2 - advised applying with Nationwide, application made with 10% deposit ready to put down. Valuation undertaken and all fine, then we hear about Nationwide not accepting gifted deposits. Contact broker who is already in contact with Nationwide re this, Nationwide take 14 days to get back to him to let him know that our application has been declined due to this. As we have in the meantime been able to save we decide to update our application and put down a 15% deposit as there are no rules on gifted deposits for 15% deposits and try again. We are now 13 days into our wait and hoping that this time we will get the answer we want. 

tweeto

katiescotland88 said:

Hello anyone else waiting on HSBC? Our application has been with the underwriters for 2 weeks 😬 nervously waiting!

I'm with HSBC, our application has been with the underwriters since 20/8, so we're just behind you!   ....Really hoping for good news in the next week or two assuming they don't need any follow-up documents