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

dj1471

kingstreet wrote: »

The DIP Certificate we get actually sets out all the documentation needed to support the full application.

Does it detail the requirements or just list what documents they want?

I had a list of documents required, but nowhere does it say (for example) that Internet-printed bank statements must include the URL. There were lots of little things like that.

kingstreet

Ah, no.

That comes with experience and the very useful guide our Business Development Manager provided lat week, setting out what you can get from each bank's internet banking they would accept.

TBH in most cases, if you look at the lender's online criteria for intermediaries, it's there;-

http://www.nationwide-intermediary.co.uk/lendingcriteria/general/general

Online Bank Statements must show:

Customer(s) initial(s) or full name(s)
Account Number and Sort Code
A valid web address displayed at the bottom of each page
All pages must be numbered and visible
The required number of month's transactions showing

Scroll down and the criteria for online bank statements is there!

helpformortgage

HI ALL,

21ST JUNE- PROPERTY VIEWING
23RD JUNE- OFFER AGREED BY THE SELLER
25TH JUNE- GOT DIP FROM NATIONWIDE THROUGH BROKER
26TH JUNE- VALUATION DONE AND WAS SATISFIED ON THE SAME DAY
27TH JUNE- DELAYS STARTED AND WENT ON AND ON..:mad::mad:
FINALLY
28TH JULY- MORTGAGE OFFER ACCEPTED SO WAITING FOR THE POST :money::j

FINISHED TOUGHEST STAGE ONE NOW HAVE TO GO THROUGH SECOND STAGE OF SLEEPLESS NIGHTS AS TO PUSH MY SOLICITOR FOR COMPLETION....

kingstreet

helpformortgage wrote: »

HI ALL,

21ST JUNE- PROPERTY VIEWING
23RD JUNE- OFFER AGREED BY THE SELLER
25TH JUNE- GOT DIP FROM NATIONWIDE THROUGH BROKER
26TH JUNE- VALUATION DONE AND WAS SATISFIED ON THE SAME DAY
27TH JUNE- DELAYS STARTED AND WENT ON AND ON..:mad::mad:
FINALLY
28TH JULY- MORTGAGE OFFER ACCEPTED SO WAITING FOR THE POST :money::j

FINISHED TOUGHEST STAGE ONE NOW HAVE TO GO THROUGH SECOND STAGE OF SLEEPLESS NIGHTS AS TO PUSH MY SOLICITOR FOR COMPLETION....

FWIW if you'd got your DIP before you started viewings, you could have submitted the required documents before you went to full application, then the time between full app and offer would have been shorter.

BTW, don't shout.

Sarahspangles

I know that brokers have many advantages but going direct to the Nationwide worked well for me. No documents had to be posted, and the mortgage centre will have had the reassurance that one of their own staff had scanned in the documents. Most of my accounts are with them which simplified what I had to print off (I do shop around, just find the Nationwide hard to beat)

Then when I got the text to say that the offer had been issued, I could download it immediately from online banking. So the solicitor had it to work from two hours later (by email).

Actually the Nationwide don't make much of the fact that you can track online, it's not that obvious. It's under the Browse Products and Apply tab, then My Quotes and Applications. I was surprised how much is in there.....

dj1471

Sarahspangles wrote: »

I know that brokers have many advantages but going direct to the Nationwide worked well for me. No documents had to be posted, and the mortgage centre will have had the reassurance that one of their own staff had scanned in the documents. Most of my accounts are with them which simplified what I had to print off (I do shop around, just find the Nationwide hard to beat)

Agree 100%. Nationwide were very easy to deal with and a broker would only have added expense and delay in my case. The online tracking is good but does result in far-too-frequent logins to check for progress...

Funny how 90% of the people recommending the use of brokers on here are brokers

MadScientist_2

I've just got home to a copy of the valuation survey and my official offer of mortgage letter!!!!!! :j

I am so incredibly happy I can't even begin to describe it!! :T

Good luck for anyone still waiting. It's taken 15 working days from date of application to written offer, with Natwest. There is light at the end of the tunnel!!! :rotfl:

pembssurf

MadScientist wrote: »

I've just got home to a copy of the valuation survey and my official offer of mortgage letter!!!!!! :j

I am so incredibly happy I can't even begin to describe it!! :T

Good luck for anyone still waiting. It's taken 15 working days from date of application to written offer, with Natwest. There is light at the end of the tunnel!!! :rotfl:

Great news mad scientist. Id be grateful if Natwest would have turned mine around in 30 days. Iv got to the point if i get it in the next 45 days il be happy.

mai_taylor

dj1471 wrote: »

Agree 100%. Nationwide were very easy to deal with and a broker would only have added expense and delay in my case. The online tracking is good but does result in far-too-frequent logins to check for progress...

Funny how 90% of the people recommending the use of brokers on here are brokers

I'd say getting a broker is a good idea if your circumstances aren't straightforward though. As first time buyers we'd be lost without our broker.

MadScientist_2

mai_taylor wrote: »

I'd say getting a broker is a good idea if your circumstances aren't straightforward though. As first time buyers we'd be lost without our broker.

I totally agree. I was declined a mortgage via a private application, but with a broker I got one with the same lender, same deal. The broker made all the difference, and like yourself, as a ftb (buying alone) I'd be totally lost!