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

19ardagh70

ace_85 wrote: »

FTB here, and first post on MSE to boot. Just heard from our MA today that Halifax have got our offer in the post at last, and should be with us later this week to sign. Bit miffed actually, we submitted the full application on 3/5 and the valuation was carried out on the 8/5. Most stories I have heard on here with the Halifax say that they are pretty quick after the valuation to send out the offer letter, but 10 days or so later (and having heard nothing since), I get my MA to badger them. Lo and behold, she calls back a few minutes later and Halifax has 'just' agreed to the offer; I think one of the underwriters must have been sat on my paperwork!

Still, at least it is one major headache out of the way on this traumatic road to ruin. Aaaannnddd... exhale :rotfl:

That was quick from app to valuation. natwest was 3 weeks and then I had to keep ringing direct to mortgage company for updates

manub

I like all these posts with a timescale!!! Here's mine

07/05 - Agreement in Principle received
10/05 - Viewed a lovely house and made an offer
14/05 - offer accepted :beer:
15/05 - sent documentation to my mortgage broker
16/05 - solicitor appointed
19/05 - sent missing documentation to broker


well... that's it for now there's no chain so I hope to close in 3 months. and of course hopefully my application will get accepted... with Halifax as well

ace_85

19ardagh70 wrote: »

That was quick from app to valuation. natwest was 3 weeks and then I had to keep ringing direct to mortgage company for updates

Yeah, I have seen a few horror stories on here about NatWest lead times. Hoping things go a bit more smoothly for you from here on out :T

judithcoull

Hey, thought I'd share my journey and see if anyone can offer any insight.

We have been successful with the Scottish help to buy and reserved a property on 26/4, been to MA and submitted application to Skipton Building Society on 16/5. Now just waiting to hear back for valuation etc. We are FTB and and just wondered if anyone else has used Skipton and how long it took etc?

Thanks in advance!

Nervous FTB!

Lychee

17 Apr - Viewed house
22 Apr - Made offer. Offer accepted
24 Apr - Mortgage application submitted via broker to Abbey 85% LTV
28 Apr - Documents requested
30 Apr - Documents submitted
15 May - Valuation takes place
20 May - Letter in the post today offering full amount :j

ChaddyBouy

Hi everyone..

Haven't want to post on here until now incase we jynxed anything!!

FTB looking for 95% LTV mortgage, no late payments or defaults. Partner has lack of credit on her file.

11th April – DIP from Halifax for £200k
12th April – Go to see 3 houses
13th April – Narrow it down to 2 hours
15th April – Conduct final viewings on both properties with selected families
16th April – Put offer in for full asking price (Much lower than DIP amount) as cash buyer has a third viewing booked, condition of offer to take off market and cancel cash buyer viewing
16th April – Offer accepted and property took off market
22nd April – Full application went into Halifax and computer downgraded from 95% LTV to 90%
22nd April – MA appealed decision through their BDM
30th April – Halifax decline appeal due to lack of credit history from my partner, only willing to offer at 90% LTV. We cancel application as aren’t able to proceed on that basis.
30th April – MA seems to be guessing with next lender so we decide to look elsewhere for second opinion
1st May – Spoke to another MA who has a lender in mind who don’t credit score
2nd May – DIP from Teachers Building Society (Partner is a teacher)
8th May – Full application goes in once MA has spoke to underwriters and is confident of acceptance
8th May – Teachers call to take payment for application and survey
14th May – Teachers instruct surveyor
16th May – Valuation takes place
20th May – Valuation okay and mortgage offer received through post

Our second broker has been amazing and the service from Teachers Building Society has been second to none. Would definitely recommend to any teachers out there.

spidereyes

After evrything seeming to move quickly it all feels like its come back to a bit of a halt,

We had the valuation carried out yesterday, I called Natwest just now for an update and they've said they have have the valuation report back and its on their system but its not going to get looked at until the 27th! Bit gutted as I thought I woukd have the mortgage side of things sorted this week, not having to wait another week before I even hear anything more.

Work are ready to do searches on the property but im relucant to make payment until I know forr sure everything is ok with the mortgage.

Contracts have been reviewed now too (particular person who is doing that works from home) and I can see on our system that an enquiry is being raised about a right of way at the property and another about maintanence charges for shared services which is mystery to me as to what both could even relate to. Have to wait until Friday when shes back in the office to find out.:o

Getting a bit stressed out now

blues

blues wrote: »

Update

7/5 money taken out of account for valuation
8/5 call from nationwide querying payslip. Thought they'd do this before booking & taking payment for valuation! Waiting to hear back now....

14/5 text saying they are waiting on bank statement which I'd already given. Sent it over again
15/5 valuation took place
15/5 received text saying valuation satisfactory
19/5 text to say offer is in the post
20/5 phoned to check offer amount and full amount given, so very pleased!

natureboss

This is my timeline!!! :

6/05 offer accepted on 2 bed house in the south-east :j

10/05 DIP from Santander and full app

15/05 Broker submitted all documents (payslip, bank statements)

19/05 In the underwriter's queue

Ryan1983

Sorry for how long winded this is, but there is good reason! Absolute joke!!


My FTB Timeline

01/03 AIP with MA for£145k via Halifax

25/03 – Sale agreed for £125k

02/04 – Solicitor quotes in and chosen

09/04 – Mortgage application processed with MA to Halifax

14/04 – send additional bank statements / payslips toHalifax via MA

17/04 – Valuation completed and all OK

21/04 – Solicitors advise they are now waiting on mortgageoffer from Halifax

21/04 – Chase my MA for whereabouts of mortgage offer, stillgoing through credit checks.

25/04 – Chase again, apparently an issue with processingapplication. Halifax system having a problem wavering a £295.00 MAF Fee whichis included in mortgage. Issue reported to their IT team (apparently)

02/05 – More chasing, My MA is on leave and being covered bysomeone else who doesn’t return my calls. Eventually get through, he calls andgets nowhere. I call Halifax directly, original IT issue not reported correctlyand will have to report again which will take 5 working days for Halifax ITdept. to look into (not resolve!!)

06/05 – call from solicitors estate agent, they are gettinganxious and after an update on current situation

09/05 – Yet more chasing, MA advises still an IT issue.Taken up with Halifax complaints team who call back and try to look into.Advises to perhaps get MA to switch to MMR regs, meaning more risk in Halifax agreeingto loan amount but a quicker process. MA suggests we hold out and see ifHalifax sort the IT issue out as MMR rules are strict and could jeopardise mypurchase.

09/05-15/05 - Sleepless nights

15/05 – I get bored of waiting, advise MA to just switch myapplication through MMR and hope, pray, keep everything crossed they offer whatwas as per AIP

16/05 – Halifax complaints guy calls me – don’t processthrough MMR, Halifax can fix the IT issue!!!! Hurrah! But not until 23/05.Booo! Tell MA to hold fire in switching and wait til 23/05

And now waiting…….