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

daydreamweaver

daydreamweaver wrote: »

16 July: Call from EA. Valuation and survey booked with Esurv for next Tuesday.

16 July: Call from MA. Underwriters are happy with our documents, so just waiting on the valuation before final approval. :j

Alias_Omega

Might be doing this the wrong way round, and it seems that might need to apply for the mortgage now by reading this thread..

June - BTL/Mortgage in Principle sorted.
29th June - Offer submitted
30th June - Counter Offer Received
2nd June - Different house viewed
3rd July - Offer Accepted
7th July - Halifax solicitor price matched
15th July - Surveyor eventually goes to property

waiting on the survey results before commencing the mortgage application for it.

Is this the right way to do things? Should we have gone mortgage then survey?

noidles

We still haven't had our valuation, despite being told it would be Monday. Then we were told it would be Tuesday. Then they sad it would be by lunchtime today. Then by 4.30 today. Now they say hopefully we'll hear tomorrow from Nationwide.

In the meantime our vendor has been on the phone to us putting pressure on to name a date for completion.

everything

8/7 - Halifax DIP given last Tue
9/7 - Full application (via Broker) to Halifax this day last week, only one payslip requested.
10/7 - Valuation was instructed for 14th, £430 taken.
11/7 - Halifax request our P60's, sent same day.
14/7 - Valuation took place

16/7 - Was really hoping to hear something today, but no...

Looking on CreditExpert, no further credit file search has been done, only the soft checks on 8th/9th July.

Starting to worry as I'd heard Halifax were fast.

daydreamweaver

daydreamweaver wrote: »

16 July: Call from MA. Underwriters are happy with our documents, so just waiting on the valuation before final approval. :j

16 July: Solicitor sends pack of information about the property provided by vendor/EA. Not entirely complete--missing the EPC and evidence that the boiler and wiring have been serviced/inspected this year--but not much to query.

Bluebunny

Bluebunny wrote: »

6 May - Offer accepted on house
[interim time direct application with YBS, but declined as they were not satisifed by our intention to reside....?!]
13 June - DIP from Nationwide & full app submitted
16 June - Valuation booked for 17 June
17 June - Valuation completed and satisfactory
17 June - futher information requested and sent to broker.
19 June - Broker confirmed receipt
23 June - Received our original paperwork back from broker
24 June - Solicitors confirmed searches OK, posting our contracts today
25 June (4.45 pm!!) - Broker confirms further info needed by Nationwide
26 June - info submitted
2 July - Broker confirms info submitted to Nationwide
9 - 11 July - Broker confirms our case has been pulled for random audit and should be completed by 11th
14 July - Broker confirmed Nationwide 'might' have an issue with proof of deposit (despite 4 statements already sent).

17 July - Broker confirms MORE bank statements needed for proof of deposit, emailed across this morning.

Think I am actually going dolally:rotfl::rotfl::rotfl:

Mortgage_Mark_2

Alias_Omega wrote: »

Might be doing this the wrong way round, and it seems that might need to apply for the mortgage now by reading this thread..

June - BTL/Mortgage in Principle sorted.
29th June - Offer submitted
30th June - Counter Offer Received
2nd June - Different house viewed
3rd July - Offer Accepted
7th July - Halifax solicitor price matched
15th July - Surveyor eventually goes to property

waiting on the survey results before commencing the mortgage application for it.

Is this the right way to do things? Should we have gone mortgage then survey?

Which surveyor are you using? Halifax only use Colleys, and as such your survey could be worthless and you're back to square one for the purchase.

Generally, the survey is instructed by the lender, not you, as it needs to be a surveyor they'll accept the report from.

desperate_times

Not worthless if it was a homebuyers report or structural survey although admitedly wrong way around. It will just mean needs to get a simple valuation survey from Halifax/Colleys. Plenty seem to get valuation survey then homebuyers later from somebody else anyway.

Alias_Omega

Mortgage_Mark wrote: »

Which surveyor are you using? Halifax only use Colleys, and as such your survey could be worthless and you're back to square one for the purchase.

Generally, the survey is instructed by the lender, not you, as it needs to be a surveyor they'll accept the report from.

Yeah, its Colleys ~ Both Houses.

The fee was paid to Halifax, who sent the Surveyor out. I suspect we are along the road of the mortgage, but a full final application has not yet be made, as i was out of the country and Mrs AO dealing with it.

I suspect its a case of a good survey back, then full application for the mortgage and appointment of the Solicitor. The solicitor provided a quote of £920 through Halifax, who when contacted directly dropped the price to £800 on a price~match.

There is some confusion over the mortgage, as i am sure it was a £650 cashback which was not mentioned to Mrs AO. I fully understand products change, and what is available at the time of application is what you get.

Kirstyb1987

To all waiting on their mortgage applications I wish you every luck....I had mine accepted at the beginning of June and it has just appeared today under ''your accounts'' on my online banking...to me this is so exciting...