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

Arina

Add it to the deposit ��

MissLaura

Following a horrendous time with the Nationwide (submitting an application for HTB 20% equity loan on an existing property following an advised mortgage meeting in branch and then me phoning them up after reading online this wasn't possible to question it and them apologising and cancelling application!) we now have the following:

+ Hired a broker (best decision we made in this process)

29/08/14 - AIP
02/09/14 - Full Application Submitted
05/09/14 - Valuation Instructed

Awaiting to hear about the date of the valuation now.

With Santander, do they only proceed to valuation after underwriting, or is this something they do whilst still performing checks?

I now totally understand why people say buying a house is the most stressful thing you can do. But it'll be totally worth it. Hang in there everyone!

kingstreet

MissLaura wrote: »

With Santander, do they only proceed to valuation after underwriting?

Yes. That's right.

MissLaura

kingstreet wrote: »

Yes. That's right.

Thanks Kingstreet.

Can't encourage people who are FTB enough to instruct a broker if they're not sure what they are doing or they are in need of a quick process. Ours has been totally invaluable and the advice has been so much clearer than the advice we received in branch at a high street lender.

1234

Full app was submitted on 22/08
Valuation carried out on 01/09
Currently under review by underwriters since 03/09
MOS submitted to Woolwich 04/09

MissLaura

1234 wrote: »

Full app was submitted on 22/08
Valuation carried out on 01/09
reviewed by underwriters on 03/09

Good luck!

So I'm guessing depending on the lender you are applying with, depends on the process as ours proceeds to valuation AFTER underwriting and yours before.

(FTB here, obviously)

1uk3y

MissLaura wrote: »

Following a horrendous time with the Nationwide (submitting an application for HTB 20% equity loan on an existing property following an advised mortgage meeting in branch and then me phoning them up after reading online this wasn't possible to question it and them apologising and cancelling application!) we now have the following:

+ Hired a broker (best decision we made in this process)

29/08/14 - AIP
02/09/14 - Full Application Submitted
05/09/14 - Valuation Instructed

Awaiting to hear about the date of the valuation now.

With Santander, do they only proceed to valuation after underwriting, or is this something they do whilst still performing checks?

I now totally understand why people say buying a house is the most stressful thing you can do. But it'll be totally worth it. Hang in there everyone!

Is this with Santander or Nationwide?

Our application with Santander was submitted on 1st September but we haven't been informed about a valuation yet. We did get a call from someone on the 5th September from our mortgage advisors asking us to discuss mortgage protection now our mortgage application had 'progressed'. I'm not sure what to make of this?

MissLaura

1uk3y wrote: »

Is this with Santander or Nationwide?

Our application with Santander was submitted on 1st September but we haven't been informed about a valuation yet. We did get a call from someone on the 5th September from our mortgage advisors asking us to discuss mortgage protection now our mortgage application had 'progressed'. I'm not sure what to make of this?

Our mortgage application is with Abbey/Santander.

I'm not sure what this means either, I'd suggest asking your MA to clarify.

Greyhorse

Hi everyone!

I'm waiting on a mortgage appointment on Wednesday to send our application after having offer on house accepted on Saturday.

I feel physically sick as there is so much that could do wrong and we are in unusual circumstances as my OH has only just started his job on the first of September having been a student previously and so we have no proof of income except a contract. We also have a credit card and a car loan! I am convinced we will be refused and don't want to get my hopes up at all.

Good luck to everyone awaiting a decision!


Can I ask what happens if you pay for valuation and mortgage application is refused? Can you wait until you hear about the application before paying for survays etc?

harding1985

Awaiting decision, full application (revised) was submitted by our Nationwide mortgage adviser on Thursday 4th Sept @ 4pm.

Survey's have already taken place!