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

harding1985

Arina wrote: »

Little update from me. Just had a phone call from my mortgage broker that the valuation will be taking place today! Hope it all comes back ok. Fingers crossed! Here is my updated timeline:

16/08/14: Received DIP with halifax
16/08/14: 2 searches showing up on Experian (RBS - MORTGAGE QUOTATION & HALIFAX - ID GENERIC CHECK)
18/08/14: Offer accepted on property
26/08/14: Full application submitted
28/08/14: Valuation funds taken from account
29/08/14: 2 searches showing up on Experian (RBS - MORTGAGE QUOTATION)
02/09/14: Valuation booked

When do I hear back the results from the valuation.. Anyone know? xx

Took us 3 working days to hear back from the survey. GOOD LUCK

Arina

Thank you harding1985. I really do hope things work out for you. You got any back up plans?

harding1985

Arina wrote: »

Thank you harding1985. I really do hope things work out for you. You got any back up plans?

No, not really. This is our worse nightmare.

First we need to renegotiate with our buyers and go from there.

merkat1

Finally had the official mortgage offer today from Leeds!!

Wow that was a wait!

To everyone still waiting its not nice and it does seem to take forever but it'll be worth it in the end!

See you all on the waiting to exchange board very soon hopefully!

jojo_1982

The house we want to buy has been undervalued by 30k. There is absolutely no chance of the seller reducing at all. We asked for a re-valuation but that can't happen, mainly because Nationwide are idiots. So we're back to square one and are applying with another lender.

We've wasted so long already though, and I'm worried the seller will get fed up and pull out. They accepted a much lower offer (40k less than it was on the market for) because we don't have a house to sell and were in a position to move quickly. It's just all so frustrating!

harding1985 wrote: »

No, not really. This is our worse nightmare.

First we need to renegotiate with our buyers and go from there.

Is 10% a large percentage of the purchase price? If you can take a hit of 10k, and negotiate a similar reduction from the property you are buying it might work out. Fingers crossed!

bexs2247

Virgin have asked for proof of selling price of my house. I can send them the sales notice from the housing association (it is shared ownership). I don't have much equity in it ( our deposit is saved up in cash). Aslong as the selling price is more than the balance outstanding on the mortgage (which it is) will they ask anymore questions? Wondering whether I should send evidence of the deposit too in case they want it.

biggysnax

biggysnax wrote: »

We'll here is our experience so far...

13/08 - Declined AIP with HSBC
18/08 - Engaged broker due to credit history
22/08 - AIP accepted by Halifax
27/08 - Full application submitted, Halifax asked for latest months pay slip and confirmation on Child Benefit.

Now awaiting there response, fingers crossed!!

Further update....

02/09 - Valuation instructed on out new house. Hopefully means we've passed the credit score.

dontfollowme

dontfollowme wrote: »

Just emailed my broker a huge number of scanned documents. Scary to think it could still go wrong after the stress of finding somewhere and having an offer accepted.

Mortgage offer received. So relieved.

Full app: 19/8
Valuation: 22/8
Offer: 2/9

catflow

catflow wrote: »

Thought I would join you all.

16/08/14 viewed house and offer put in, meeting with broker aip done
18/08/14 offer accepted
20/08/14 full application with halifax direct credit checks all complete evidence submitted and solicitors instructed
22/08/14 valuation fee debited from my account and received phone call that valuation booked for 1/09/14

I am ftb and hoping thisis good progress. I am driving myself crazy reading horror stories but most on this thread seem quite positive.

Keeping my fingers crossed.

Just to update.
Received valuation and survey report today.
AND also an email from Halifax that mortgage offer sent to our solicitors.:j

tr54vrs

Does anyone know how long it takes from when nationwide text saying "offer issued" to when the hard copies are recieved?