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

ajharding1980

Biscuit31 said:

bigkenny1975 said:

Here is where I am with the NatWest (direct application).
I actually forgot I filled in their form when I was looking for rates but they called saying I had started a DIP but they needed more info. I knew they did a soft check so decided to get one and liked the rates (we have a 10% deposit).
- Got the DIP on 5th February
-  Put an offer in on a property on 9th February and it was accepted (didn't think we would find somewhere so quickly)
- Had application appointment on 17th February. Turned out that even though my wife was paid to train as a teacher and was in school teaching they couldn't count it as employment, it meant she was two weeks shy of the 6 month employment requirement. We asked them to ask for an exception. All documents were submitted in advance of the meeting
- Exception was granted and second appointment was on 23rd February (advisor couldn't get it in earlier)
- Credit Check passed with no issues (phew)
- Mortgage tracker showed as all documents reviewed and accepted yesterday

- Call from the mortgage advisor today saying the underwriter has agreed to the mortgage of we provide one more statement for the deposit and assuming valuation comes in ok. So now just waiting for the valuation

Sounds similar to my position. I missed the call this afternoon but was left a voicemail saying just wanted to give me an update on my application but I literally received an email saying ‘mortgage approved subject to valuation’. Anyway when I called back an advisor just said the underwriter left a note needing a couple more things (Nov payslip which I missed first of all), another copy of passport and where do I pay council tax from. Did you get an email saying mortgage approved subject to valuation? I’m now nervous that it’ll be declined now even though had an email saying it’s approved subject to valuation.

They asked where you pay your council tax from?  Is this a thing?  They look for that?

bigkenny1975

ajharding1980 said:

Biscuit31 said:

bigkenny1975 said:

Here is where I am with the NatWest (direct application).
I actually forgot I filled in their form when I was looking for rates but they called saying I had started a DIP but they needed more info. I knew they did a soft check so decided to get one and liked the rates (we have a 10% deposit).
- Got the DIP on 5th February
-  Put an offer in on a property on 9th February and it was accepted (didn't think we would find somewhere so quickly)
- Had application appointment on 17th February. Turned out that even though my wife was paid to train as a teacher and was in school teaching they couldn't count it as employment, it meant she was two weeks shy of the 6 month employment requirement. We asked them to ask for an exception. All documents were submitted in advance of the meeting
- Exception was granted and second appointment was on 23rd February (advisor couldn't get it in earlier)
- Credit Check passed with no issues (phew)
- Mortgage tracker showed as all documents reviewed and accepted yesterday

- Call from the mortgage advisor today saying the underwriter has agreed to the mortgage of we provide one more statement for the deposit and assuming valuation comes in ok. So now just waiting for the valuation

Sounds similar to my position. I missed the call this afternoon but was left a voicemail saying just wanted to give me an update on my application but I literally received an email saying ‘mortgage approved subject to valuation’. Anyway when I called back an advisor just said the underwriter left a note needing a couple more things (Nov payslip which I missed first of all), another copy of passport and where do I pay council tax from. Did you get an email saying mortgage approved subject to valuation? I’m now nervous that it’ll be declined now even though had an email saying it’s approved subject to valuation.

They asked where you pay your council tax from?  Is this a thing?  They look for that?

I guess if they did not see it going out they might think that there is another bank account they are not aware of. I know when they went through my statements they saw a couple of payments from me to a Monzo account I use (you are talking £10 and £15). They asked for statements from that account too. It is fine as I only use it to pay for things like my share of birthday collections at work, but they wanted to make sure it was on the level.

Biscuit31

bigkenny1975 said:

ajharding1980 said:

Biscuit31 said:

bigkenny1975 said:

Here is where I am with the NatWest (direct application).
I actually forgot I filled in their form when I was looking for rates but they called saying I had started a DIP but they needed more info. I knew they did a soft check so decided to get one and liked the rates (we have a 10% deposit).
- Got the DIP on 5th February
-  Put an offer in on a property on 9th February and it was accepted (didn't think we would find somewhere so quickly)
- Had application appointment on 17th February. Turned out that even though my wife was paid to train as a teacher and was in school teaching they couldn't count it as employment, it meant she was two weeks shy of the 6 month employment requirement. We asked them to ask for an exception. All documents were submitted in advance of the meeting
- Exception was granted and second appointment was on 23rd February (advisor couldn't get it in earlier)
- Credit Check passed with no issues (phew)
- Mortgage tracker showed as all documents reviewed and accepted yesterday

- Call from the mortgage advisor today saying the underwriter has agreed to the mortgage of we provide one more statement for the deposit and assuming valuation comes in ok. So now just waiting for the valuation

Sounds similar to my position. I missed the call this afternoon but was left a voicemail saying just wanted to give me an update on my application but I literally received an email saying ‘mortgage approved subject to valuation’. Anyway when I called back an advisor just said the underwriter left a note needing a couple more things (Nov payslip which I missed first of all), another copy of passport and where do I pay council tax from. Did you get an email saying mortgage approved subject to valuation? I’m now nervous that it’ll be declined now even though had an email saying it’s approved subject to valuation.

They asked where you pay your council tax from?  Is this a thing?  They look for that?

I guess if they did not see it going out they might think that there is another bank account they are not aware of. I know when they went through my statements they saw a couple of payments from me to a Monzo account I use (you are talking £10 and £15). They asked for statements from that account too. It is fine as I only use it to pay for things like my share of birthday collections at work, but they wanted to make sure it was on the level.

Yeah, you’re right as they asked me to see that account. I don’t have any other accounts other than NatWest. It was coming out from another account (not my main one) so they probably didn’t check there. Anyhow, I just told them the amount and when it comes out and that’s the last I heard. Still waiting for offer although was asked to pay for my valuation today after it was carried out yesterday, advisor said now that’s paid I’ll let the offer team know and you ‘should’ receive the offer very soon.

misslolu

Oooohhhh, I didn't know there was a thread for people awaiting their mortgage decisions, I'll jump in!
30/01 Offered on a property
01/02 Offer accepted
18/02 Sellers found property
25/02 mortgage application submitted
26/02 Denied & submitted with another lender
01/03 Hard search & valuation booked
03/03 Valuation today!!!
08/08 Decision from lender?!?!

Lashrem90

Lashrem90 said:

Just thought I'd join the thread with my experience applying to Natwest so far:
17/02 - Full Application submitted via broker (included a hard search on Equifax)
18/02/ - Valuation booked 
24/02 - Valuation completed
26/02 - Everything has been ticked on the assessment and valuation section of the tracker.

Now it's just a waiting game for me - my broker said full underwriting is taking up to 6 working days so the latest I should here back from Natwest is next week Wednesday.. so fingers crossed.

Update:
05/03 - tracker updated - offer ticked off and has moved to completion. 

Fingers crossed for a smooth completion

Josephgousto

Josephgousto said:

Hi everyone!
Been reading on this thread for a while, here´s our timeline so far:

• Offer made and accepted on the house we want 9/02
• Offer received and accepted on our house 20/02
• Solicitors Instructed 22/02
• Solicitor gave us our fixtures and fittings form for purchase and sale questionnaires 22/02
• Mortgage application submitted to Santander 23/02 (49% deposit)
• Valuation booked 24/02 
• Valuation carried out 25/02 (desktop valuation)
• My buyers valuation carried out 25/02

Very excited about everything!

we had our mortgage offer through this morning!!

jenni_fer

Joining in here as we've reached that sit and wait stage!
02/02 Offer accepted on our property 
03/02 Solicitors engaged on sale
26/02 Offer accepted on new property 
26/02 Solicitors engaged on purchase
26/02 Mortgage broker engaged 
08/03 AIP submitted and accepted

Next steps,
16/2 survey on our property
TBC valuation and homebuyers survey on purchase

CLJ2986

Joining because the wait is driving me crazy! 
Found a house we loved in Feb and first MA failed to get an AIP with 2 mainstream lenders.
1/3 spoke to new specialist broker
3/3 AIP with Aldermore
5/3 full application submitted
And now waiting... is it just me refreshing emails every 35 seconds? I've been told by broker I should hear something early next week and I'm still checking constantly! 

lpscrl

Hello,

We have our current mortgage with Nationwide so we will be looking to port our current mortgage over to eliminate any Early Repayment Charges. With this in mind, we obtained a Decision in Principle (albeit deferred) for our requested amount £261,000.00, based on a combined income of £69k.

All seems fairly straight forward at the minute but my concern and worry comes from the fact my partner had significant debt across a loan and credit cards (c.£17k) and I have paid over £10k off these over the past week to reduce the debt ready for the mortgage application, as I included within the Decision in Principle. (the first DIP was rejected with current levels of debt).

I understand when applying for a mortgage application, Nationwide look at the maximum debt in the past 4 weeks and what the debt will be when the mortgage starts but I can’t help but worry it is all too late in terms of clearing the debt etc.

Any help would be appreciated.

Thanks.

Mollydog112

I’m currently waiting to hear back from Natwest:
Full application went in on 04/03/21
Physical survey took place 8/03/21
Survey received 09/03/21

With NatWest I believe the underwriting is done before the application. Any ideas how long we should expect to wait? I had hoped to hear today but nothing! Our mortgage broker hasn’t been asked for any additional documents - not sure if that’s a good thing or not?! Our LTV is 80% but I’m really worried about a down valuation as we don’t have much reserve to pull from - our 20% deposit is 66k as it is!