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

dannnoonan

FTB - Halifax via Broker - 85% LTV - New Build
Our timeline - 
4/9 price agreed on New Build
10/9 New Build documents signed
14/9 mortgage application submitted to Halifax
14/9 hard searches carried out
15/9 soft searches carried out
...
Hopefully we won't have to wait too long, chose Halifax due to their slightly quicker lead times. Already rejected by HSBC (90 LTV) but have upped the deposit so hopefully, that gets us through with Halifax!

MelT1987

sully1311 said:

Here's my timeline:
Offer Made (Rejected): 22/08/2020
2nd Offer Made: 23/08/2020
Offer Accepted: 24/08/2020
DIP (HSBC): 26/08/2020
Full Application: 04/09/2020 (85% LTV were taken off intermediary site on 26th)
Application Approved: 08/09/2020
Full Offer: 15/09/2020
Absolutely over the moon! I literally can't believe it. I've not been able to sleep since we applied for the mortgage, as I didn't think we would get one with it being HSBC, but our broker said it sailed through with no issues.

This is so fast! Did HSBC come back for any clarifications etc? I take it you are in a very good financial position with no credit cards etc? 
We have been a week today since our application went in and not a peep yet.

xMeganCL

Nationwide taking the Michael really. On working day 26, called last Wednesday and they said they were waiting on a document that they hadn't asked my broker for. Called again today, the document submitted is still being assessed and will be assessed by close of play 25th sept?! 

dannnoonan

xMeganCL said:

Nationwide taking the Michael really. On working day 26, called last Wednesday and they said they were waiting on a document that they hadn't asked my broker for. Called again today, the document submitted is still being assessed and will be assessed by close of play 25th sept?! 

Yeah that is rubbish, does your broker have a contact with the provider to put some pressure on?

DanielACB

DanielACB said:

First Time Buyer - HTB Equity Loan - New Build - Halifax via Broker

MIP - 05/09

Property reservation - 06/09

Full Application submitted - 10/09

Awaiting next update....

Anyone got an idea on the timescales with Halifax from now on? No credit issues, within affordability, 75% LTV (5% deposit, 20% equity loan).

Thanks,

Dan

I understand the valuation has now been instructed. One step further.

kathonetwo34

Omg nationwide finally got back to the ma they have questions!! Who is this person my husband transfers half his paycheck too and how has he managed to save the deposit  it's been a struggle but half his wages gets transferred to family to save it for a deposit, and thats how the deposit has been saved. I don't understand, the valuation  was done almost 3 weeks ago now, they hard searched last Friday, and only now they have these questions. They have said current turn around is 10 working  days, they say it's been 7? Does this mean it's 10 days again from the silly questions or just 3 more arrhhhh why don't they just be clear so we can move forward

MelT1987

Just had an update from our MB.  Barclays have done initial assessment on our case and accepted and satisfied the documents sent to them. The valuation has also been approved.
Is this good news? I presume so??! I have no idea how any of this works and every time i get an email, my palms start sweating! haha!

zodiac55

19/08 - AIP (NatWest, 85% LTV)

21/08 - Application submitted
24/08 - Offer accepted at asking price
26/08 - Documents uploaded to DigiDocs 
30/08 - Valuation booked for 10/09
09/09 - Mortgage approved subject to valuation
10/09 - Valuation complete
11/09 - DigiDocs saying no other info is required, and valuation shows as assessed
16/09 - Offer received today!

sully1311

MelT1987 said:

sully1311 said:

Here's my timeline:
Offer Made (Rejected): 22/08/2020
2nd Offer Made: 23/08/2020
Offer Accepted: 24/08/2020
DIP (HSBC): 26/08/2020
Full Application: 04/09/2020 (85% LTV were taken off intermediary site on 26th)
Application Approved: 08/09/2020
Full Offer: 15/09/2020
Absolutely over the moon! I literally can't believe it. I've not been able to sleep since we applied for the mortgage, as I didn't think we would get one with it being HSBC, but our broker said it sailed through with no issues.

This is so fast! Did HSBC come back for any clarifications etc? I take it you are in a very good financial position with no credit cards etc? 
We have been a week today since our application went in and not a peep yet.

FTB's, my partner and I both live with our parents with no big outgoings at the moment; so managed to save a lot. 2 credit cards each but pay off in full every month and no other commitments. 55k joint income, my partner has a perfect credit history and mine is nearly perfect. They didn't come back for any clarifications which I was very surprised with. 

DanielACB

DanielACB said:

DanielACB said:

First Time Buyer - HTB Equity Loan - New Build - Halifax via Broker

MIP - 05/09

Property reservation - 06/09

Full Application submitted - 10/09

Awaiting next update....

Anyone got an idea on the timescales with Halifax from now on? No credit issues, within affordability, 75% LTV (5% deposit, 20% equity loan).

Thanks,

Dan

I understand the valuation has now been instructed. One step further.

Anybody know how long the valuation takes to complete for Halifax and where this sits in the process? What can I expect next and when please? 

Thanks,

Dan