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

katiescotland88

cat3333 said:

katiescotland88 said:

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!! 

At least you know the position now.
Are the levels 1-4 based on dates of application so or do they signify something else🤷🏻‍♀️. Have they done the valuation on yours yet?

I think it signifies date of application but I didn't specifically ask for confirmation of that- just assumed 😆 no they havent done the valuation yet either. I chased it today to find out and its not even booked. My HSBC mortgage advisor said she had put in another request today and will phone tomorrow to chase! 

zeusofwar

Had a physical valuation done last Monday, and decided to ring as we haven't heard anything... got told on the phone that our valuation is acceptable and we should expect an offer before the end of the week as things are really busy. Was 50/50 on calling, but glad I did!

cat3333

katiescotland88 said:

cat3333 said:

katiescotland88 said:

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!! 

At least you know the position now.
Are the levels 1-4 based on dates of application so or do they signify something else🤷🏻‍♀️. Have they done the valuation on yours yet?

I think it signifies date of application but I didn't specifically ask for confirmation of that- just assumed 😆 no they havent done the valuation yet either. I chased it today to find out and its not even booked. My HSBC mortgage advisor said she had put in another request today and will phone tomorrow to chase! 

Keeping my fingers crossed for you and hope we both have good news as and when they get back to us🙂

Carl2510

Carl2510 said:

Carl2510 said:

AIP accepted with Halifax - 17/08
Reserve on new build - 22/08
Full App submitted - 26/08
Hard searches done - 26/08

since then heard nothing from MA, so very nervous as we are borrowing very close to maximum borrowing amount!

and also selling my current property still waiting on enquiries from buyer for over 4 weeks now.

don't remember being this stressed when I did my first house.

Valuation now booked in for 10/09

Abit nervous at the moment with all the delays going on, as I will need to exchange by 19th so worried if I don’t have my mortgage offer back by then and if I get rejected I could lose my deposit!

katiescotland88

Carl2510 said:

Carl2510 said:

Carl2510 said:

AIP accepted with Halifax - 17/08
Reserve on new build - 22/08
Full App submitted - 26/08
Hard searches done - 26/08

since then heard nothing from MA, so very nervous as we are borrowing very close to maximum borrowing amount!

and also selling my current property still waiting on enquiries from buyer for over 4 weeks now.

don't remember being this stressed when I did my first house.

Valuation now booked in for 10/09

Abit nervous at the moment with all the delays going on, as I will need to exchange by 19th so worried if I don’t have my mortgage offer back by then and if I get rejected I could lose my deposit!

Its so nerve wracking isn't it. We have a move in date for the 18th and feeling the same. What deposit will you loose?

CharFTB

Hi everyone! Thought I’d join. Can’t stand the waiting! My partner is a lot more relaxed about it all but I can’t switch off! We’ve applied through Nationwide for 90% LTV. We’re first time buyers.  Here’s our timeline so far:

29/07 - Decision in Principle applied for and referred, documents submitted same day
30/07 - Decision in Principle accepted
04/08 - Confirmation that documents were received on portal
08/08 - Full application submitted 
08/08 - Valuation instructed
11/08 - Valuation booked for 27/08
18/08 - Hard checked 
26/08 - Requested all our documents again?!
27/08 - Valuation report received under review
28/08 - Other documents received on portal
1/09 - Talked to Nationwide who said valuation was the same as our offer and we may have to wait until the 15th for their decision  

so impatient 😂

xMeganCL

CharFTB said:

Hi everyone! Thought I’d join. Can’t stand the waiting! My partner is a lot more relaxed about it all but I can’t switch off! We’ve applied through Nationwide for 90% LTV. We’re first time buyers.  Here’s our timeline so far:

29/07 - Decision in Principle applied for and referred, documents submitted same day
30/07 - Decision in Principle accepted
04/08 - Confirmation that documents were received on portal
08/08 - Full application submitted 
08/08 - Valuation instructed
11/08 - Valuation booked for 27/08
18/08 - Hard checked 
26/08 - Requested all our documents again?!
27/08 - Valuation report received under review
28/08 - Other documents received on portal
1/09 - Talked to Nationwide who said valuation was the same as our offer and we may have to wait until the 15th for their decision  

so impatient 😂

Keeping tabs on you as you applied 2 days before me 😂

Carl2510

katiescotland88 said:

Carl2510 said:

Carl2510 said:

Carl2510 said:

AIP accepted with Halifax - 17/08
Reserve on new build - 22/08
Full App submitted - 26/08
Hard searches done - 26/08

since then heard nothing from MA, so very nervous as we are borrowing very close to maximum borrowing amount!

and also selling my current property still waiting on enquiries from buyer for over 4 weeks now.

don't remember being this stressed when I did my first house.

Valuation now booked in for 10/09

Abit nervous at the moment with all the delays going on, as I will need to exchange by 19th so worried if I don’t have my mortgage offer back by then and if I get rejected I could lose my deposit!

Its so nerve wracking isn't it. We have a move in date for the 18th and feeling the same. What deposit will you loose?

I have to put down 10% at exchange so I have to give 23K and if I was then to not get a mortgage I lose that, I’ve worked along time to get that money to be then possible to lose it like that! 

CharFTB

xMeganCL said:

CharFTB said:

Hi everyone! Thought I’d join. Can’t stand the waiting! My partner is a lot more relaxed about it all but I can’t switch off! We’ve applied through Nationwide for 90% LTV. We’re first time buyers.  Here’s our timeline so far:

29/07 - Decision in Principle applied for and referred, documents submitted same day
30/07 - Decision in Principle accepted
04/08 - Confirmation that documents were received on portal
08/08 - Full application submitted 
08/08 - Valuation instructed
11/08 - Valuation booked for 27/08
18/08 - Hard checked 
26/08 - Requested all our documents again?!
27/08 - Valuation report received under review
28/08 - Other documents received on portal
1/09 - Talked to Nationwide who said valuation was the same as our offer and we may have to wait until the 15th for their decision  

so impatient 😂

Keeping tabs on you as you applied 2 days before me 😂

I’ll update when I hear anything!!

tweeto

Carl2510 said:

katiescotland88 said:

Carl2510 said:

Carl2510 said:

Carl2510 said:

AIP accepted with Halifax - 17/08
Reserve on new build - 22/08
Full App submitted - 26/08
Hard searches done - 26/08

since then heard nothing from MA, so very nervous as we are borrowing very close to maximum borrowing amount!

and also selling my current property still waiting on enquiries from buyer for over 4 weeks now.

don't remember being this stressed when I did my first house.

Valuation now booked in for 10/09

Abit nervous at the moment with all the delays going on, as I will need to exchange by 19th so worried if I don’t have my mortgage offer back by then and if I get rejected I could lose my deposit!

Its so nerve wracking isn't it. We have a move in date for the 18th and feeling the same. What deposit will you loose?

I have to put down 10% at exchange so I have to give 23K and if I was then to not get a mortgage I lose that, I’ve worked along time to get that money to be then possible to lose it like that! 

I don't get how you would lose it? You can't exchange without a mortgage offer.