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

Lipstick99

shakAFC said:

Lipstick99 said:

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. 

I’m at the same stage as you with Halifax also. My valuation And product fee (£1199) was taken this morning! 

I got an offer through yesterday.. Broker rang me yesterday!
So 7 calendar days... All done

khtaylor

ftbhoping said:

khtaylor said:

Watch with the grant. Nationwide turned us down because of grant and because i used my overdraftvduring lockdown. Absolutely shocking and it took them 5 weeks to decide that after our aip was referred so they already knew 

That’s really annoying. I’m assuming it was an arranged overdraft? There’s no difference to using that than having a credit card 🤷🏼‍♀️

Yes was an arranged overdraft. 

katiescotland88

söpöpöllö said:

Sigh, we're now getting hassled by the seller's EA, who is saying we never told them that we are selling our current property. We told them that during both of our viewings and have send them the details in writing twice. But of course we never told them.

Oh no what a pain!!!! They are probably just looking for info. So much stress for you bht I would be suprised if your seller pulls out of a sale. Try not to worry! 

ftbhoping

khtaylor said:

ftbhoping said:

khtaylor said:

Watch with the grant. Nationwide turned us down because of grant and because i used my overdraftvduring lockdown. Absolutely shocking and it took them 5 weeks to decide that after our aip was referred so they already knew 

That’s really annoying. I’m assuming it was an arranged overdraft? There’s no difference to using that than having a credit card 🤷🏼‍♀️

Yes was an arranged overdraft. 

Have you now applied elsewhere? 

söpöpöllö

katiescotland88 said:

söpöpöllö said:

Sigh, we're now getting hassled by the seller's EA, who is saying we never told them that we are selling our current property. We told them that during both of our viewings and have send them the details in writing twice. But of course we never told them.

Oh no what a pain!!!! They are probably just looking for info. So much stress for you bht I would be suprised if your seller pulls out of a sale. Try not to worry! 

They apologised, they had misplaced our documents. 🙄 Winds me up when they don't communicate properly with each other in that agency and with us they always seem to have a very accusatory tone lol. How's it going in your end?

cat3333

Received the “text” from HSBC today saying we have a mortgage offer.
Our timeline 
applied direct online no advise route on 20/8 ltv 77% 
valuation 21/8
valuation obtained 21/8 ( property valued at more than we are paying)
online status changed over the next few days:
ready for offer
decison obtained
then on 24/8 manually referred 
heard nothing until today 5/9 text saying mortgage approved and booking fee (1000) now needs to be paid to view offer!.

whilst it seems we should be happy/excited we are finding it hard as we’ve found out it seems our buyer is struggling to secure a mortgage (when does the stress ever stop 😔). My question is if we pay the fee and the offer turns out less than we need or our buyer now pulls out if he can’t get a mortgage, do we lose the whole of the thousand pounds application fee?? Any advise or knowledge on this with HSBC would be gratefully received .

samw2311

Good luck: we’re waiting too. Instructed a valuation after 40 mins of our submission. So we’re slightly worried with it being so quick !

katiescotland88

tweeto said:

I had my timeline on a different thread but thought i'd post it here for people's interest. Me and my partner are FTB's with 10% deposit.

Offer accepted on house: 10/7
Broker tried to submit application with HSBC: 13/7>
Went directly to HSBC, AIP done: 17/8
Phone application with advisor: 19/8
Application submitted/hard credit search: 20/8
Valuation completed: 2/9
Mortgage offer: 4/9

Very impressed how quick it was after I switched from broker to direct, especially considering my partner is on part time furlough where they would only consider her 3 days pay and not the other 2 furlough days she gets! I've also had to take a 10% salary deferral until April 2021. 

Absolutely over the moon, such a stressful period, especially due to covid............Just hope there's nothing surprising in the survey next week so we can exchange asap

Wow congratulations. That seems super quick in comparison to how long other people are waiting for HSBC. 

katiescotland88

söpöpöllö said:

katiescotland88 said:

söpöpöllö said:

Sigh, we're now getting hassled by the seller's EA, who is saying we never told them that we are selling our current property. We told them that during both of our viewings and have send them the details in writing twice. But of course we never told them.

Oh no what a pain!!!! They are probably just looking for info. So much stress for you bht I would be suprised if your seller pulls out of a sale. Try not to worry! 

They apologised, they had misplaced our documents. 🙄 Winds me up when they don't communicate properly with each other in that agency and with us they always seem to have a very accusatory tone lol. How's it going in your end?

Yes very annoying they can't communicate and then be off with you! So happy they apologised. You don't need the extra stress I'm sure!! Nothing going our end....radio silence! Its driving me mad! 

katiescotland88

cat3333 said:

Received the “text” from HSBC today saying we have a mortgage offer.
Our timeline 
applied direct online no advise route on 20/8 ltv 77% 
valuation 21/8
valuation obtained 21/8 ( property valued at more than we are paying)
online status changed over the next few days:
ready for offer
decison obtained
then on 24/8 manually referred 
heard nothing until today 5/9 text saying mortgage approved and booking fee (1000) now needs to be paid to view offer!.

whilst it seems we should be happy/excited we are finding it hard as we’ve found out it seems our buyer is struggling to secure a mortgage (when does the stress ever stop 😔). My question is if we pay the fee and the offer turns out less than we need or our buyer now pulls out if he can’t get a mortgage, do we lose the whole of the thousand pounds application fee?? Any advise or knowledge on this with HSBC would be gratefully received .

Congratulations 👍 not sure about the application fee. Might be worth contacting HSBC mortgage advisor. You could also check how long your mortgage offer lasts. Maybe you could get a new buyer??