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

Shore14

Joining the wait as there is nothing else I can focus on....!

90LTV, first-time buyers, scotland

AIP (lloyds): 27 Mar
offer accepted: 29 Mar
meeting with MA: 6 Apr
full application (including one hard credit check and 2 soft): 7 April
payslips requested and sent: 7 Apr
valuation booked: 12 Apr
valuation: 13 Apr

it all seems very quick so far - anyone else have any experience with lloyds? how long from valuation to offer etc.?

akther1010

Joining in here as a first time buyer of a new build! 

26/10/2020 First AIP

29/10 Reservation fee paid - took my time to submit mortgage as developer hadn’t got funding for Help to buy yet and completion isn’t till Sept 2021.

12/03 New AIP accepted - had to reapply 

19/03 Developer got approval for funding 

31/03 H2B application went in 

08/04 Received authority to proceed from H2B 

09/04 Mortgage application submitted and hard credit search done by lender  

13/04 Submitted more paperwork to MA 

Feel nervous but hoping it moves quickly. Gone with TML due to previous adverse credit. Anyone had any experience with them? 

Good luck everyone! 

sticko24

Joining in everyone! Hi 🙋‍♀️ 

Second time buyer upgrading from my little H2B flat to a possible forever home 

90% LTV with Barclays 

Offer Accepted : 06th April 

DIP : 08th April, hard searches showing on Transunion only.
panic as I have excellent credit rating with Experian and Equifax but only Fair with Transunion! Think this is due to them having no record of my current mortgage

Passed DIP so broker seems confident that we should be accepted 

Have a reasonable amount of unsecured debt on credit cards to be cleared on completion, and a large H2B equity loan also to be cleared so a broker was a must for me. 

Partner also moved rentals a lot. 

15th April = full app goes in.

Ive also instructed survey as our vendor is very keen for a quick sale, it’s dual agent and I didn’t want him to get cold feet / think we are time wasters. So taking the risk! 

Eagerly awaiting any news on the next steps 

3.9 x salary if we disregard my quarterly bonus, about 3.68 x salary if we included half the bonus, so I think not too awful! 

Had to use Barclays as we are buying a converted pub and it’s classed as a new build. Barclays one of the few offering 90% LTV on a new build.

hoping for good news for everyone on here 🙏🏼🏡 the wait is the WORST 

good luck to all! Xx

Shore14

Shore14 said:

Joining the wait as there is nothing else I can focus on....!

90LTV, first-time buyers, scotland

AIP (lloyds): 27 Mar
offer accepted: 29 Mar
meeting with MA: 6 Apr
full application (including one hard credit check and 2 soft): 7 April
payslips requested and sent: 7 Apr
valuation booked: 12 Apr
valuation: 13 Apr

it all seems very quick so far - anyone else have any experience with lloyds? how long from valuation to offer etc.?

Update! - 20 April
valuation came back fine, MA asked partner if he had diplomatic immunity (!) and told to expect offer in a couple of days - eek

good luck everyone...

Walesgirl

Hi, 

FTB here too... 15% deposit 

Offer Accepted on 5/4 
Application to Kensington 8/4
Request for bank statements & 3 months mortgage payments 9/4
Solicitors instructed 19/4 

I'm a bit clueless on what is meant to be happening tbh...I'm guessing we just wait for someone to contact us

allie777

Walesgirl said:

Hi, 

FTB here too... 15% deposit 

Offer Accepted on 5/4 
Application to Kensington 8/4
Request for bank statements & 3 months mortgage payments 9/4
Solicitors instructed 19/4 

I'm a bit clueless on what is meant to be happening tbh...I'm guessing we just wait for someone to contact us

I'm the same as you, FTB 15% deposit and not sure what I should be doing next. I need to ask when to book the survey

AIP 16/04
Offer accepted 20/04
Application to CBS 22/04

Rebecca01

Hi all just wanted to add to the thread as I found it very helpful over the process. Wow! how stressful. I am sure I was not this stressed first time round in my twenties. I have been off the property ladder for years so felt like a FTB

30/03 offer on house accepted. 

Had a DIP with L and C but apparently this is worth nothing  so house stayed on the market. Phoned them but they could not get me an appointment until  2.5 weeks time. Not too good. So rang a local broker.

31/03 Fact finding. Then had to wait over Easter weekend while broker found suitable lender. Awful wait.

06/04 DIP

09/04 Full app

15/04 Valuation 
and questions on bank statements. Why had my parents sent me £200?

21/04 Mortgage approved.

I have had 3 weeks of anxiety. As a pp poster said trust the process and your broker as hard as it is. I think my broker must think I am crazy.
Thanks to others on here too that have answered my questions. 

Next stage now searches. 

Shore14

Shore14 said:

Shore14 said:

Joining the wait as there is nothing else I can focus on....!

90LTV, first-time buyers, scotland

AIP (lloyds): 27 Mar
offer accepted: 29 Mar
meeting with MA: 6 Apr
full application (including one hard credit check and 2 soft): 7 April
payslips requested and sent: 7 Apr
valuation booked: 12 Apr
valuation: 13 Apr

it all seems very quick so far - anyone else have any experience with lloyds? how long from valuation to offer etc.?

Update! - 20 April
valuation came back fine, MA asked partner if he had diplomatic immunity (!) and told to expect offer in a couple of days - eek

good luck everyone...

And finally we have a mortgage offer in the post on the way to us (26 April) - phew!! I ended up ringing the lender today for an update and they said it had been issued today.

clairelourow

Also awaiting here, FTB 10% app with Coventry Building Society through broker, totally on edge waiting to hear anything!

01/04 Property viewed
06/04 Offer accepted
07/04 Solicitor instructed
08/04 DIP received
? Full app submitted no idea as MA didn't confirm date
28/04 Request for P60s

Hopefully it wont be too long

NiaBrown

Absolutely gobsmacked here  - I was expecting to have to join this thread but my TSB 85% LTV just took 6 working days from full application to acceptance letter.  Is that some kind of record?

And me on a fixed term contract, too 

(I should point out I'm in Scotland, so the pesky valuation part is already done and dusted by the time a house goes on the market here)