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

ClareTeaches

ClareTeaches wrote: »

28/3 - AIP at Halifax. They wouldn't give us a 95% mortgage, but said yes to 90%. Frantic times as we'd saved 6%, but luckily family could gift us the money to top it up to 10%. Seriously grateful!
5/4 - Full application done in branch.
10/4 - Valuation carried out.
Following week - We receive copy of valuation in the post saying they can't give a valuation figure without a survey to show the steel frame is in good condition. (Nonstandard construction property.) Vendor denies permission for invasive survey required.
22/4 - Permission granted.
25/4 - Survey booked for following week. (Took us a while to find a renderer to remove and replace sections of render to expose the steel.)
28/4 - Vendor Changes mind and denies permission again. EA speaks to them and they decide to consider it overnight. In the meantime, we have to cancel survey and renderer, as appointment was due to be the next day. Panic stations!
29/4 - Vendor agrees to invasive survey, as long as they can be present. Luckily structural engineer and renderer both have a slot that afternoon and vendor can make that time, too, so it's GO GO GO! Survey carried out that afternoon.
2/5 - Survey received - all clear, steels in good condition!
3/5 - Take survey to Halifax, who fax it to their valuer.
6/5 - Valuer contacts Halifax - happy with info on survey, now "just waiting for the asbestos report." Wait, what asbestos report?! None had been mentioned by valuer or Halifax previously!
12/5 - Asbestos survey carried out.
16/5 - Asbestos survey sent to Halifax and valuer in the morning.
20/5 - Chase as nothing heard and supposed to be 2 working day turnaround.
22/5 - Chase again - Halifax still have heard nothing.
23/5 - Partner calls valuers direct. They sent a reply to Halifax earlier in the week (but hadn't replied to our mortgage consultant's chase up emails, for some reason!)!!! Happy with asbestos survey and agree valuation at price we've offered (at last!). Email us valuation and I take a copy to Halifax branch. (Our consultant there still has received nothing directly from valuers at this point!)

31/5 - Valuation finally shows on Halifax's system with the agreed figure, so consultant can send it to the underwriters. Query about my payslip, replied via email immediately!
2/6 - Email from consultant - underwriters agreed it doesn't have to be converted to MMR and the offer is in the post!!!

The offer is in the post!!! HUZZAH!!!!!!!! :beer: :j :T :money:

ahsatb

I have been reading the forum for a bit, so thought it was only fair I posted something in it.

26th April: offer placed and accepted (the day MMR came in).
28th April: first call with Post Office to take details (45 mins)
29th April: phone call with MA (45 mins)
3rd May: AIP and application form received.
15th May: I was out of the country so we weren't able to return form until 15th May (frustrating, but never mind!)
20th May: received help to buy form to sign
23rd May: valuation supposed to happen but surveyor was ill so got passed to another surveyor
30th May: valuation happened (though we are yet to receive home buyers report)
3rd June: application approved text message and offer in the post

The only issue now is that yesterday (2nd) the vendors found out that the house they were buying (and were a good way through the process) has now been rented!!! They are desperately looking for a new house. We can wait for a bit, but only a couple of months. So close but just out of reach....!

The post office have been great. Their communication has been excellent and allowing for me being away, the bank holidays and the surveyor being ill, I dont think they could have been much quicker. They havent asked any daft MMR questions, we do have a little bit of credit card debit, but we are only asking for 2.2 x our salary.

bigjim1974

26th April Obtained DIP from Nationwide
28th April Offer accepted by vendor
30th April Visited Nationwide for mortgage application
2nd May application submitted, product & valuation fees paid
2nd May Text to say Valuation booked for 7th May
7th May Valuation conducted
8th May Text to say satisfactory valuation report received
3 June Text to say formal mortgage offer issued.


It may be co-incidence but this was less than 24hrs after contacting them on twitter (@AskNationwide).

manub

manub wrote: »

21/05 - MA calls to get extra details about my gf (she's not buying with me but will live with me) and card details for the HomeBuyers Report
22/05 - Received Memorandum of Sale
23/05 - Contacted solicitor: they've received the memorandum as well and now they're waiting for the seller solicitors to send a draft of the contract...

Still early stages but can't wait to hear from the lender...

28/05 - received first batch of docs from solicitor
02/06 - survey / valuation booked for the 12th!!

Bit worried about MMR now but - luckily - I'm borrowing 60% of their first AIP I received in Jan and my income makes the mortgage sustainable (between current rent and savings now I put aside 2x my monthly mortgage).

Aiming for mid-July exchange and mid-August completion. Probably will need to give notice in my flat at the end of June... we're happy to move to another rental place in the unfortunate case the purchase falls through, hopefully won't be needed!

Veon

Update:

27/05/14 -Call broker. Told it has been changed to 10 day turnaround.
29/05/14 -Text from Barclays. Application is being processed. Valuation needed.
02/06/14 - Call frok broker. Woolwich needs employment reference as company name does not appear on payslip. Broker emailed branch manager as Woolwich have copy of P60 and letter from my company confirming a salary increase. Also points out that the company name does appear on my bank statements.
04/06/14 - Survey booked for tomorrow. Broker is still waiting for Branch Manager to confirm employment reference waiver.

tick tock goes the clock.......

Fitzkepp

May 9th - Offer accepted on property
May 12th - application submitted to Nationwide via L&C
May 13th - Email from Nationwide stating "Product Reserved" and application received (AIP)
May 13th - Email from Nationwide stating valuation survey booked for 19th May
May 16th - Request from Nationwide for documentation to support application
May 19th - Email from Nationwide stating satisfactory valuation report received
May 30th - Email from L&C on behalf of Nationwide requesting additional documentation
May 30th - Contact with Solicitor saying vendor yet to provide funds to their solicitors so conveyancing currently at Stage 1 still (!!)
June 4th - Still no progress on conveyancing due to vendor having not provided funding to their representatives

Timeline as it stands! I'm now nervously awaiting further contact from nationwide having provided them with additional documentation they asked for (basically a full months bank statement from each of us) before we get an idea of decision.

amycool

amycool wrote: »

Here's my timeline so far:

15th April - Our house went on the market
20th May - 13 viewings later we accepted an offer
21st May - Appointed solicitor
26th May - Offer accepted on house we are buying
26th May - Started online application with Halifax
28th May - Completed application over the phone
29th May - Submitted wageslips in branch

The survey on our house is booked for 4th June and the survey for the house we are buying for the 5th!

Very impressed with Halifax so far so thank you to everyone who has posted regarding their speed. Our first mortgage was with the Co-op and the whole process was horrible.

Of course it couldn't go that smoothly...

The vendor still hasn't even appointed a solicitor and has re-booked the survey for the 17th. So frustrating.

mak12345

mak12345 wrote: »

Nationwide offer in principle (Thursday)
Documents sent to them Friday following acceptable
Text to confirm survey Saturday

valuation taking place tomorrow


requested more documentation today which I've just sent

BlueberryB

Hi everyone,

We got a DIP from nationwide in February and made full application on 10th may, paid product fee and valuation, valuation was carried out on 13th and was good. Today we learned we have been turned down for a mortgage!! 😢

Broker is going to try another lender next week but I am just so upset.

Has anyone been declined by one lender but then go on to get a yes from another?

amycool

BlueberryB wrote: »

Hi everyone,

We got a DIP from nationwide in February and made full application on 10th may, paid product fee and valuation, valuation was carried out on 13th and was good. Today we learned we have been turned down for a mortgage!! 😢

Broker is going to try another lender next week but I am just so upset.

Has anyone been declined by one lender but then go on to get a yes from another?

Sorry to hear that. Did they tell you why? The Co-op initially turned us down but we contested it and they eventually changed their minds. This was pre-MMR though.