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

[Deleted User]

soph_the_loaf wrote: »

Gift for deposit...

My Grandad has given me a gift towards my deposit - I already had the majority and the gift is £2k of a £30k deposit.

Do you think this will cause an issue with my application? I'm applying through Santander.

Hi Soph the loaf - ask Santander for a gift deposit form for your Grandad to sign to say that it's a gift and not a loan - I don't think it will affect their decision, but you just want all the paperwork done so it doesn't hold things up later.

sam09_2

Hello! Have found this thread very interesting. My timeline so far.....

20th june had offer made on my house and accepted
20th june offer made on house were buying
23rd june offer accepted on the house were buying
23rd june dip and solicitors quotes made
25th june full mortgage application submitted via broker
30th june valuation on the house were buying was completed

Now the waiting game, its unbearable!!!

[Deleted User]

Cherry_Gale wrote: »

Thanks for sharing stories everyone, here's mine as a FTB of a leasehold flat in council block in London (empty, no chain):

17/4 saw flat, put in offer, accepted same day
23/4 sent docs to mortgage broker
2/5 called broker for progress, more documents needed
15/5 message from Nationwide "FMA received"
28/5 need to update documents to bank, including savings. Asked broker if declaration of gift for deposit needed (no reply)
10/6 broker says declaration of gift for deposit needed (!)
20/6 mortgage valuation booked for 2/7...

2/7 survey completed
3/7 text messages from Nationwide: 'satisfactory valuation received' and 'we have now issued a formal mortgage offer'.

I guess the details of the offer, e.g. the amount they are prepared to lend me and at what rate, will go to the broker now, which means I must nag him on the phone :-(

desperate_times

That is quick. Hope the details are to your liking. Still waiting for offer one week after valuation. Amazing that takes so long. Hopefully doesn't mean there is a problem.

kingstreet

Cherry_Gale wrote: »

2/7 survey completed
3/7 text messages from Nationwide: 'satisfactory valuation received' and 'we have now issued a formal mortgage offer'.

I guess the details of the offer, e.g. the amount they are prepared to lend me and at what rate, will go to the broker now, which means I must nag him on the phone :-(

We can download a copy of the offer from case tracking on NFI. It's often a good idea too, as it can take over a week for the paper offer to arrive by second class post.

Alliersv

Cherry_Gale wrote: »

2/7 survey completed
3/7 text messages from Nationwide: 'satisfactory valuation received' and 'we have now issued a formal mortgage offer'.

I guess the details of the offer, e.g. the amount they are prepared to lend me and at what rate, will go to the broker now, which means I must nag him on the phone :-(

If it helps for a timeline for you, we have just had our offer from Nationwide.
Valuation was on 23rd June
Text received on 24th to say that valuation was satisfactory
Text received on 25th to say they had issued the offer.
Letter from solicitor received on 1st July with the mortgage offer/ deed letter to sign, and on the same day, we recieved the formal offer from NW aswell, which, incidentally, was dated 25th, so definitely snail mail!

ETA Crossposted with Kingstreet. Definitely chase if you are dying to know, the letter will take a good few days!

jlf_85

Ack I'm joining the wait!

25th April - 1st Viewing
28th April - 2nd Viewing
12th June - Put offer in
13th June - Offer Accepted
14th June - Received DiP & Solicitiors Quote
30th June - Paid partial deposit
3rd July - Received official offer, mortgage application submitted, Home buyers survey paid for

[Deleted User]

kingstreet wrote: »

We can download a copy of the offer from case tracking on NFI. It's often a good idea too, as it can take over a week for the paper offer to arrive by second class post.

Thanks very much for telling me this Kingstreet - I got the broker to download the offer letter for me this afternoon, and therefore wasted no time asking for a revised one (the purchase price and loan amounts were out of date since we renegotiated the price a month ago).

mai_taylor

Our applications been in a week and we've heard nothing, I hate waiting!

nitsydes

Hi Everyone

24/06/14 - Offer accepted

25/06/14 - 02/07/14 - Research in finding the correct mortgage for our situation. Finally decided on Halifax as they seem to be a bit more flexible. Halifax BDM has confirmed we'll be okay via L&C broker.

03/07/14 - Application with Halifax gone in today via L&C.
Broker assures me that it's further than DIP as they have accepted the application and will get back to us about the documents required. 85% LTV.

Will update as I go along