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

Chyna81

brenda10 wrote: »

Great news to all who have been stressed throughout this difficult process.
Our journey so far........Santander/Abbey application 17th March, valuation accepted and full mortgage approval 26th April, got paper copy 9th May.:)

Now for searches to return, sent 1 week ago........
Will be keeping up to date with every1's progress.....what a journey of ups and downs and stress.

I'm still awaiting mortgage offer letter since 1st May, I was beginning to panic because of length of time it has taken to receive letter however from your post you waited a while to I'm also with Santander.

Chyna81

getting-sorted-sarah wrote: »

Hello everyone! I think this thread has made me even more tense haha, but at least it is good to be around people in the same situation!

07/04/14 AIP
10/04/14 Saw property (new build)
10/04/14 Paid reservation fee
16/04/14 Received confirmation of reservation and exchange deadline of 29/05
24/04/14 Memorandum of sale received by MA
30/04/14 (?) full application made
06/05/14 Deposit paid to solicitor to start searches

Current situation: nail biting
The mortgage is with Abbey/Santander so reading this thread has made me worried - anyone got any happy stories about applying with them?!
4 Bank holidays fall within the 6 week reservation period - bad timing!

Hi Sarah,

My experience with Santander compared to others has not been bad at all.

28/03 Viewed property and placed offer.
31/03 Offer accepted.
03/04 Mortgage agreed in principle with Santander via MA
03/04 Full application made all documents sent via MA
03/04 Documents with assessment team.
15/04 Documents gone to underwriters.
21/04 Outstanding documents.
24/04 Documents gone to underwriter
25/04 Mortgage Approved - Awaiting Valuation
01/05 Valuation Complete mortgage offer in post.

Good luck:)

Chyna81

PoppyPine wrote: »

We are waiting to hear back on our mortgage application with Abbey/Santander.

29/04/14 made offer on house
02/05/14 offer accepted
07/05/14 appointment with MA
08/05/14 full application submitted & solicitors instructed

The waiting is awful and it's only been 3 days!!

Hi Poppy

I waited a month before I had my mortgage offer with Santander.

Yes agreed the waiting is the worst.

Good Luck:)

dinealone

Bit of an update on my wait from hell (little bit of an exaggeration)

08/05 Got an email from my Broker saying we should be have an update on Tuesday (13/05)... that will be 3 weeks after our DIP was given and we still don't even have a valuation date... should I get concerned?

coco__nutty

Another couple of NatWest hopefuls here!
Applied 28.04.14
Credit checked 28.04.14
Patiently waiting... :think:

debbie1990

Update from me -
9th May - valuation carried out by Colleys (halifax). Broker said they have 48 hours to get the report back to the lender.

Does the application now go to underwriting? How long should I wait before contacting my broker for an update?

BeauLiLuLu

Spoke to Halifax advisor last week, who wanted to see a my most recent payslip (as payday had been and gone since my application was approved)
Said all was okay, and that offer should be in the post

19ardagh70

debbie1990 wrote: »

Update from me -
9th May - valuation carried out by Colleys (halifax). Broker said they have 48 hours to get the report back to the lender.

Does the application now go to underwriting? How long should I wait before contacting my broker for an update?

If the valuation has been booked then its already been to the underwriter. What they will do now is see if it matches the amount you want to borrow and then issue a mortgage offer letter. If the valuation is less than you offered, or need mortgage for,you negotiate the price with seller

StatisticallyChallenged

I'm not sure that Halifax do it in that order -maybe one of the brokers can confirm but my valuation and reviewing of my paperwork seem to be going on simultaneously. I'm with lloyds but I think their process is basically the same.

ChrisFilter

Just called the lender to inquire and the offer will be posted today. Hurray!

Staggers me that they didn't look at my bank statements or credit check my wife. One payslip was enough for them to lend me over £330k. MMR now makes a lot of sense.