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

Carl2510

tweeto said:

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.

Hi Tweeto,

I’ve just received some documents from my Solicitor to sign and there is two boxes I can tick one says “We would like to proceed with exchange of Contracts with no mortgage finance In place.”

”We would NOT like to proceed with exchange of contracts without a mortgage finance in place”

I have asked the question what happens if we choose the second option as in what would happen would the developer put the house back on the market.

söpöpöllö

I'm so bored of waiting that I'm entertaining myself by getting removals quotes.   

leodis23

söpöpöllö said:

I'm so bored of waiting that I'm entertaining myself by getting removals quotes.   

Same here... although with a 200 mile relocation it's quite pricey

söpöpöllö

leodis23 said:

söpöpöllö said:

I'm so bored of waiting that I'm entertaining myself by getting removals quotes.   

Same here... although with a 200 mile relocation it's quite pricey

I can imagine! We're only moving 15 miles but I'm also a lazy bum so I'd like a packing service, which is bumping up the price but that's my own doing. 

cat3333

leodis23 said:hh

söpöpöllö said:

I'm so bored of waiting that I'm entertaining myself by getting removals quotes.   

Same here... although with a 200 mile relocation it's quite pricey

Me too! I feel for you at just 25 miles relocation the quotes are enough to make my eyes water! 

katiescotland88

Carl2510 said:

tweeto said:

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.

Hi Tweeto,

I’ve just received some documents from my Solicitor to sign and there is two boxes I can tick one says “We would like to proceed with exchange of Contracts with no mortgage finance In place.”

”We would NOT like to proceed with exchange of contracts without a mortgage finance in place”

I have asked the question what happens if we choose the second option as in what would happen would the developer put the house back on the market.

Gosh that is terrible!! How can they do that Will! Will you check the first box then with so much at stake? 

katiescotland88

söpöpöllö said:

I'm so bored of waiting that I'm entertaining myself by getting removals quotes.   

Good to keep yourself occupied. I was so annoyed yesterday so this morning I went for a walk with sprogs to a big wood for some distraction!

Lipstick99

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

Amazing
My valuation fee has been taken by Halifax. Using a broker so not sure what stage I am at! 
Trying not to get stressed. 

tweeto

Carl2510 said:

tweeto said:

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.

Hi Tweeto,

I’ve just received some documents from my Solicitor to sign and there is two boxes I can tick one says “We would like to proceed with exchange of Contracts with no mortgage finance In place.”

”We would NOT like to proceed with exchange of contracts without a mortgage finance in place”

I have asked the question what happens if we choose the second option as in what would happen would the developer put the house back on the market.

That's news to me! Why would the vendor exchange when there's no mortgage in place? 

I have to say if that was an option (losing your deposit if you didn't secure a mortgage), then there's no way on earth would I take that risk! I'm actually shocked that that's even an option. 

King_hins

Hi all, just wondering if anybodys waiting as long as I am?
Shared Ownership with Leeds bs
AIP 15th July
Full app 24.07
Questions asked around start of August.
Valuation satisfactory 22/08
Just wondering what the hell is going on, Appreciate it's because of a back log..  but brokers saying at least not hearing till 7.09 for an update.. sellers now getting annoyed.
Getting to 7 weeks now.