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

mkmini81

Another small update.... but still dragging.....

01/07/13 - AIP referred
02/07/13 - HTB app submitted
05/07/13 - HTB app approved
16/07/13 - Full application Submitted
18/07/13 - Woolwich require a letter confirming an old Loan was closed ** 2 weeks of chasing HSBC/Metropolitan to get the letter**
31/07/13 - Letter received and passed to Woolwich
06/08/13 - Valuation booked in 08/08/13
08/08/13 - Valuation completed
09/08/13 - Valuation report submitted - Same as purchase price!
13/08/13 - Woolwich requested Julys payslip and bank statement.... feeling this is because it has taken so long to progress!

Hopefully get these across tmrw morning and should hopefully hear something soon!!

Miss_Marple_2

swanny78 wrote: »

When you say not a great credit rating, what do you mean? A low score or are there late payments and defaults on the report. Natwest are rumoured to use Equifax so I suggest you take a look to see what Equifax hold about you.
You have nothing to lose going with a fee free, all of market broker, regardless of credit rating. I did and he has been excellent thruout.

Thanks for your reply.

I checked Equifax. I have a couple of late payments from 3 years ago and a default ( totally unbeknownst to me ) from 4 years ago. I have a 60% deposit, so not sure if this will cancel out the bad credit.

How did you find you broker ?

Does anyone know if Natwest credit check before giving an AIP ? I don't think so, but though someone might know for sure.

kingstreet

How much was the default for?

What was the date of registration?

When was it satisfied?

Which CRA version of your credit file is it visible on?

It's all in the detail!

peytonx

Jessica29 wrote: »

The valuation report noted damp and potential timber damage on our house, but didn't require any further survey to be done before offer...?

Ours us a steel concrete structure, so I think its common for them to require a structural survey on that type of construction. Any dampness present in a steel frame may lead to rusting so perhaps that is why they insist. Grrr why did I fall in love with the arkward house!!

nikki2804

My full application is being submitted tomorrow via a broker with Skipton. 60% LTV so everything is crossed.

mattsday

Miss_Marple wrote: »

Sorry to hijack - my mortgage application hasn't even gone in yet ( got a meeting a week today), but wanted to pick your brains. My application is with the Natwest as they are my bank, have a good deal and have given me an AIP.

The thing is, I don't have a great credit rating, so am worried that I might get turned down by Natwest even though I have a large deposit. Should I look at going with a broker ? Am I just wasting time going through the full application with Natwest ? How do I find a broker ? I've asked around friends but they all used their banks, so am not sure how to find a good broker

I had a similar situation with a small default I didn't know about. I applied over the phone and talked with the underwriter directly. I was upfront about it all and he said it was fine .

Went to HSBC today and gave them all the paperwork - took less than 10 minutes, so fingers crossed it will all get moving soon... Reading this thread gives me a lot of hope - and fears!

I used a broker initially, who was recommended by family. I guess a Google search for a whole of market broker won't hurt..!

Madagascar

Received our mortgage offer in the post this morning! :j
Only a few more hurdles to go before we hopefully get our house

nikki2804

Full application submitted. Been told it can take 2-3 weeks for a response. Not good when your on maternity leave with nothing but time on your hands :rotfl:

Jessica29

peytonx wrote: »

Ours us a steel concrete structure, so I think its common for them to require a structural survey on that type of construction. Any dampness present in a steel frame may lead to rusting so perhaps that is why they insist. Grrr why did I fall in love with the arkward house!!

Ah makes sense! Good luck!!

winnie1988

It's official - our mortgage offer has arrived :j:j