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

learningaboutmoney3

Precise Mortgages

Our application is currently with the underwriters. No valuation yet so I'm thinking they do their underwriting etc before valuation. FC

WillyWonga

Just approaching 4 weeks now since full application. Broker chased and says they are reviewing my P60 and proof of equity. They first wanted a couple more payslips, then my last mortgage statement to show equity. Valuation not done yet. Broker says Natwest do it last. 4 long long weeks..... been told if everything ok valuer will be instructed tomorrow.

MissLaura

Arina wrote: »

Hey things are progressing slow and steady! Had delays with sellers solicitor which delayed in getting the draft contracts sent across but hopefully that should be done this week!

What's next for you? Have you instructed your solicitors?

Fingers crossed for you! Slow and steady wins the race and all that. Be sure to keep us posted.

Yes, we've instructed solicitors and surveys have been done. One threw up a little query but we're hoping it will be OK.

We're almost a year into this process, on the second house following severe delays and we are now, I hate to say it, used to false promises. So we're taking every day and every proposed date as it comes.

RabK

Hi all,

Need some advice/help please .. Our buyers buyer have had their mortgage offer through however it was subject to Structural survey due to a crack, long story short the crack was caused by a tree next door, tree surgeon suggested maintenance of tree or removal neighbour happy to remove tree.. Now all reports sent to santander for a decision on mortgage offer it's now 7 working days and nothing yet?? Getting really worried as it might be bad news.. Can anybody shed any light or experiences please..... Thank you..

FrugalFlorrie

Hi all

Not joined this thread before, but I've been avidly reading and following everyone's progress as we've been getting our own finances shaped up for mortgage application. Your help, although you didn't know you were giving it, has been invaluable so thank you.

So- our timings are:-

Halifax Help To Buy (95%)

DIP given 19th August
Offer on house made and accepted 3rd Sep
Full application made 10th Sep
Valuation fee taken 11th Sep
Valuation booked 12th Sep
Valuation completed 17th Sep
Confirmation of mortgage approval (via broker) same day, 17th Sep
Mortgage offer received in post 23rd Sep :j

I am so happy and relieved, I really can't believe how quick and painless it has been

Good luck to anyone else out there waiting :beer:

laurieballard999

Still waiting for our offer

Valuation was 10 days ago.

They have since asked for 3 months payslips and then a copy of deposit later on. Every time the broker submits aomething, it seems to take them 2 days to look at it.

Surely this process could be done quicker?

hells_bells

laurie - sorry if you mentioned this before but who is your mortgage application with? Another day people I hope we all hear something good today.

fuzzybear01

Nationwide application through broker (L&C)

6th Sep - First viewing (£120,000 guide price)
6th Sep - Decision in principle (based on £115,000)
8th Sep - Conveyancing quote from local (friendly and personally recommended solicitor)
9th Sep - Second viewing (with the in-laws and without my rose-tinted specs!). Lots of work needed
10th Sep - Offered 95,000 (declined)
11th Sep - Spoke to agent, increased offer to max of £105,000 (so much work needed!)
12th Sep - Offer accepted! Solicitor instructed and broker is getting back to me with a lender! (edited...will be applying to Nationwide)
15th Sep - ID shown to solicitor, mortgage protection/critical illness cover arranged. Payslips sent to broker at L&C
16th Sep - Full application sent in to Nationwide, DIP received, payslips/bank statements sent to broker (L&C)
22/9 - Survey contract received (Nationwide have instructed Countrywide )
23/9 - Email received to say valuation is due to take place today

Still waiting on draft contract from the vendors. Offer was accepted two weeks ago, no chain on either side and house has been on the market a few times in the last year. I'm far too impatient for this process!

Solicitors haven't asked me for any money yet, last time I checked they said they'd send out a letter once they'd had documents from the sellers and could commence with searches.

kingstreet

fuzzybear01 wrote: »

Still waiting on draft contract from the vendors.

Solicitors haven't asked me for any money yet, last time I checked they said they'd send out a letter once they'd had documents from the sellers and could commence with searches.

Yes. Your solicitor is awaiting the draft contract from the vendor's solicitor.

That may well be because the vendor has been slow to respond to the request for information about the property and mortgage, or the solicitor is awaiting information from a third party.

Your solicitor can do nothing without the draft contract.

fuzzybear01

kingstreet wrote: »

Yes. Your solicitor is awaiting the draft contract from the vendor's solicitor.

That may well be because the vendor has been slow to respond to the request for information about the property and mortgage, or the solicitor is awaiting information from a third party.

Your solicitor can do nothing without the draft contract.

Thanks Kingstreet. I'm wondering how long to wait before chasing up the draft contract? It's only been a couple of weeks so far.

Slightly tempted to get in touch with the surveyors to find out when I should expect a report, but according to the email that was only scheduled for yesterday so I'm not expecting to find out much!