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

katiescotland88

tweeto said:

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   

Good luck!! Apparently they are going to get back to us by Friday!! Let us know how you get on! Why did yours go to the underwriters?

periwinkleperkins

We’ve got a joint income of £80k and no debts but as I’ve not got perfect credit (4 defaults in 2017 / £30k total / all cleared now) the broker recommended to use an adverse lender... we’ve a £20k deposit (5%) and using HTB for £76k (20%) on a £380k house... here’s the story so far! 

10-Aug Broker got DIP from Precise.

14-Aug Developer released new plots.

18-Aug Paid reservation fee. 

19-Aug Appointed conveyancer and applied to HTB. 

26-Aug Received ATP from HTB. Broker spoke to Precise BDM before submitting full application and advised wouldn’t meet criteria as had a 6 week break in employment in last 12 months. Broker requested new DIP through TFC / Vida Homeloans.  

28-Aug Received DIP from Vida Homeloans, full application submitted through TFC, app fee paid. 

Going to be a nervous wreck waiting over the next month or so! Anybody else any experience of this packager / lender combination? 

firsttimebuyerlpl

Hoping to hear from Santander this week. Application done on the 11th and valuation carried out on the 19th. Asked for my partners new payslip on Friday so hoping it’s with the underwriters now 

cat3333

katiescotland88 said:

tweeto said:

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   

Good luck!! Apparently they are going to get back to us by Friday!! Let us know how you get on! Why did yours go to the underwriters?

Hi, also with HSBC. Manually referred on 24/8. Called 28/8was advised that they are currently working on applications from 19/8 and all applications due to the pandemic and financial climate are going through the manual underwriters final checks before offer. Has anyone else told similar ? 

tweeto

katiescotland88 said:

tweeto said:

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   

Good luck!! Apparently they are going to get back to us by Friday!! Let us know how you get on! Why did yours go to the underwriters?

Thank you, you too ..... I thought it was a pretty standard thing going to the underwriters? We're close to our borrowing limit (due to partner being on part time furlough) so they may look a bit closer at our application.

katiescotland88

cat3333 said:

katiescotland88 said:

tweeto said:

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   

Good luck!! Apparently they are going to get back to us by Friday!! Let us know how you get on! Why did yours go to the underwriters?

Hi, also with HSBC. Manually referred on 24/8. Called 28/8was advised that they are currently working on applications from 19/8 and all applications due to the pandemic and financial climate are going through the manual underwriters final checks before offer. Has anyone else told similar ? 

Thats interesting to know they are working on 19/8 applications. We haven't heard back yet and applied 16/8. I might phone tomorrow! The HSBC mortgage advisor who put in our full application said she could approve straight forward mortgages herself but because we aee both seld employed it had to go to underwriters. 

cat3333

katiescotland88 said:

cat3333 said:

katiescotland88 said:

tweeto said:

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   

Good luck!! Apparently they are going to get back to us by Friday!! Let us know how you get on! Why did yours go to the underwriters?

Hi, also with HSBC. Manually referred on 24/8. Called 28/8was advised that they are currently working on applications from 19/8 and all applications due to the pandemic and financial climate are going through the manual underwriters final checks before offer. Has anyone else told similar ? 

Thats interesting to know they are working on 19/8 applications. We haven't heard back yet and applied 16/8. I might phone tomorrow! The HSBC mortgage advisor who put in our full application said she could approve straight forward mortgages herself but because we aee both seld employed it had to go to underwriters. 

We applied direct online 20/8 no advise route as LTV 77%. Valuation done the following day, must of been desktop one, valuation more than we are purchasing for.
Status changed from decision obtained to ready to offer back to decision obtained over the following days,Then manual referred 24/8. She said the 19/8 was based on date they were sent to manual underwriters not the date people applied. But anyway confirmed ours was just sitting in the que, when we asked why it was manually referred was told for final manual checks and all applications are, also based on 24/8 and how busy they are we could still be 2 or 3 weeks away and would receive a text. 2-3 weeks more of living with jangled nerves! 
let me know how you get on.

söpöpöllö

cat3333 said:

katiescotland88 said:

cat3333 said:

katiescotland88 said:

tweeto said:

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   

Good luck!! Apparently they are going to get back to us by Friday!! Let us know how you get on! Why did yours go to the underwriters?

Hi, also with HSBC. Manually referred on 24/8. Called 28/8was advised that they are currently working on applications from 19/8 and all applications due to the pandemic and financial climate are going through the manual underwriters final checks before offer. Has anyone else told similar ? 

Thats interesting to know they are working on 19/8 applications. We haven't heard back yet and applied 16/8. I might phone tomorrow! The HSBC mortgage advisor who put in our full application said she could approve straight forward mortgages herself but because we aee both seld employed it had to go to underwriters. 

We applied direct online 20/8 no advise route as LTV 77%. Valuation done the following day, must of been desktop one, valuation more than we are purchasing for.
Status changed from decision obtained to ready to offer back to decision obtained over the following days,Then manual referred 24/8. She said the 19/8 was based on date they were sent to manual underwriters not the date people applied. But anyway confirmed ours was just sitting in the que, when we asked why it was manually referred was told for final manual checks and all applications are, also based on 24/8 and how busy they are we could still be 2 or 3 weeks away and would receive a text. 2-3 weeks more of living with jangled nerves! 
let me know how you get on.

Very similar situation here with HSBC - the same LTV and our valuation came in higher as well. We applied on the 10/8 via broker, who said it's just waiting for the last checks but who knows how long that takes.

katiescotland88

I am just off the phone to HSBC. Apparently the que for underwriters are in levels. Our application is at level 4, out of 1-4. So ours is in the next bunch to be assessed (application submitted 14/08). They said they will be doing credit assessment and can take 7-10 days 😲😵 we were hoping to hear back this week about a decision but now seems very unlikely!! 

FTB_1991

I am with HSBC too and the house was down valued by £15k. We were told that only the valuation needs to be cleared and then we will get the offer (this is on Friday). I assumed this would be quick (automatic) as the valuation was already completed... I know it was a BHW but feeling very anxious until we hear back. Anyone been through this?