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

lou2003uk

GolfFoxtrot wrote: »

I've been feeling like this lately too! Often can't contact our MA via phone so call our lender for an update. Then if they need anything it has to go through our MA not directly from us adding yet more time to an already slow process.

I've started phoning directly and they are happy to speak to me I've also asked them to call me direct if the offer is approved so I don't need to wait for MA , I won't be using one again put it like that.

GolfFoxtrot

lou2003uk wrote: »

I've started phoning directly and they are happy to speak to me I've also asked them to call me direct if the offer is approved so I don't need to wait for MA , I won't be using one again put it like that.

They're happy to speak to me directly but insist documents are sent via our broker and also confirmation we wanted to proceed with valuation whilst we were waiting for them to process our application. For me I feel it's just added more stress but I'm slowly getting there!

pineneedles

May I join the thread? It's got to the point now where I feel we've done all we can and sounds like there may still be a long wait...
22/02 viewed the property (open house)
24/02 best and final offers
24/02 lost to a higher offer
26/02 higher offer could not proceed so seller has accepted our offer
27/02 new AIP from L&C
04/03 mortgage application submitted to NatWest
06/03 supporting paperwork sent
07/03 visited branch to have passports copied
12/03 instructed NW to instruct survey now at risk of losing survey fee if the application is rejected - needed to hurry as our offer was only accepted subject to survey being booked within 14 days of sale
18/03 chased NW re survey and they had only instructed surveyors yesterday
18/03 surveyor has contacted agent and survey likely to be 26th March

So if it's up to two weeks from survey until full offer we could be waiting for another three weeks! Which I don't fancy but nothing we can do. Chain is now closed so I'm just reassuring the vendor's agent we're doing all we can and hoping they believe we're their fastest way of completing the sale and won't go looking for other offers. The agent says they want to complete on 18 April which seems very ambitious!

This is in London so I'm also nervous about the valuation matching price although we didn't offer above asking price.

Fingers crossed our actual application has no problems - it shouldn't as both have permanent jobs, same address for past three years, no unpaid debts etc, and borrowing well within limits given in AIP.

GolfFoxtrot

GolfFoxtrot wrote: »

Here is my timeline so far with skipton building society, they're taking forever

12th Feb - offer accepted on house
25th Feb - Broker AIP with skipton (previous AIP wit different lender but they upped the interest rate)
2nd March - Broker submits full app with skipton
5th March - All documents sent from broker to skipton
13th March - Skipton ask for outstanding student loans balance via broker, provided info to them the same day.
17th March - call skipton directly for an update to say it will be another 4-5 working days before they can look at our documents :mad:

Conclusion is skipton seem to be incredibly slow. We decided today to take the risk and instruct valuation as it's just taking so long!

19th March - Valuation booked for tomorrow :j :j

Dalmation

GolfFoxtrot wrote: »

Oh our broker told us they were quick to offer after the survey. May have gone mad if the whole process with them is going to be this slow

Just an update for you GolfFoxtrot. My buyers had their survey done on the 6th and their mortgage was offered yesterday (18th). They haven't received the paper copy yet though....

GolfFoxtrot

Dalmation wrote: »

Just an update for you GolfFoxtrot. My buyers had their survey done on the 6th and their mortgage was offered yesterday (18th). They haven't received the paper copy yet though....

Thanks I'm keeping my fingers crossed it doesn't take them that long for us!

saving2704

Hi all

Can anyone give me some advice?

I have a MIP with Natwest (95% mortgage - on my own). I have now found a house, put an offer in thats been accepted, instructed sols etc...

I met with my MA saturday and literally gave him everything, bank statements, pay slips, P60, proof of deposit and proof of gift from my dad, ID, the lot.

I'm just wondered how long its likely to take to get a full mortgage offer (provided they give me one!)

Anyone put an application in with Natwest recently that can give me an idea of timescales?

Thanks

lou2003uk

saving2704 wrote: »

Hi all

Can anyone give me some advice?

I have a MIP with Natwest (95% mortgage - on my own). I have now found a house, put an offer in thats been accepted, instructed sols etc...

I met with my MA saturday and literally gave him everything, bank statements, pay slips, P60, proof of deposit and proof of gift from my dad, ID, the lot.

I'm just wondered how long its likely to take to get a full mortgage offer (provided they give me one!)

Anyone put an application in with Natwest recently that can give me an idea of timescales?

Thanks

I would give it about a month , natwest have a massive backlog at the moment i will be 3 weeks on friday and no response.

Budgie85

Budgie85 wrote: »

DIP with aldermore 18/2
Viewed 25/2
Offer accepted 26/2
Mortgage application in 27/2
Payslips and statements sent 28/2
Surveyor 4/3
Just waiting for the application to be approved now.

Received mortgage offer in the post 19/3 :beer:

lky2k23

28/02/2014 - House appears on rightmove
01/03/2014 - We're 1st viewers and get 2nd offer accepted
02/03/2014 - The Coventry MIP now flagged and passed to underwriters
04/03/2014 - Coventry call, all fine, application in post
06/03/2014 - Mortgage app. and all documents sent next day deliv.
12/03/2014 - Valuation booked for 24/03/2014
14/03/2014 - Called to chase - More stuff requested & sent
17/03/2014 - Called to chase - More stuff requested & sent (marriage cert. 2yrs p60 from both of us, and proof of address for 2+ years)
19/03/2014 - New 'stuff' not on system yet