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

Arina

laurieballard999 wrote: »

We are not trying to defraud anyone.

We didn't have the full 5% but bellway said we could exchange on 2.5% and complete with the remaining 2.5% next june.

I did wonder how this would work but they said it would be fine and gave us the number of the New Build Mortgage Helpline.

The mortgage advisor said we just needed proof of the 2.5% in a savings account and a letter from my partners dad to say he will gift the other 2.5% but they would never ask to see proof, it was just to satisfy the lenders requirements.

The plan was to save the other 2.5% by June 15.

Surely now they want to see proof then we have grounds to complain against the mortgage advisor for giving us false information?

I have commented on your other post too. Think of this from a lenders point of view. If your genuinely telling the truth then getting a statement from
Your dad confirming the funds is no big deal. Any normal person telling the truth would supply this information without second thoughts but the fact you are not and you can't will ring alarm bells with the lender. Even though the mortgage advisor said that they will not request it, you still agreed and decided to go ahead. Lenders can ask for all sorts of documents at any time. Every case is different.

heidir

our time line....

Met with broker AIP passed - 27/9
Full app & docs sent 29/9
lots of BOS mortgage quotations on experian 29/9
broker said await valuation 29/9

Our app is with Halifax.... so nervous, the wait is already making me restless.

Any experience on Halifax turnaround times at the moment? Our broker says its a straight forward case. Im worried however as previous debts from about 10 years ago ( not showing on credit report) I did also have to get British Gas to remove a default from my credit file before going for an AIP.. which they did.

asj

UPDATE
Hi


My mortgage timeline


AIP 11/08/14
one generic check and two mortgage quotation 11/08/14
Offer Placed 26/08/14
Offer Accepted 01/09/14
Lawyer Appointed 04/09/14
Full Mortgage Application submitted 08/09/14
Memorandum of sale by EA sharing lawyer details 12/09/14
One Generic check and five mortgage quotation checks on Experian 09/09/14
One Generic check on Experian 16/09/14
My lawyer received sellers draft contract 19/09/14
Paid my lawyer for searches 22/09/14
CV, childcare costs, asked by bank 22/09/14
MA advised application randomly picked for audit 22/09/14
MA advised valuation instructed by bank 24/09/14
VALUATION TOOK PLACE ON FRIDAY 26/09/2014

valuation SURVEY SAYS THE BUYING PRICE IS ok, VALUATION WITH UNDERWRITER TO ASSESS, SHOULD BE BACK WITHIN 48 HOURS.

reversehalo

Got our offer today :j valuation was yesterday and all was fine. Now time for the super fun solicitors bit...

heidir

how long did it take from aip to offer with haifax?

hells_bells

LAURIEBALLARD999 - it is perfectly reasonable for the lender to want to see proof of the deposit. We have a gifted deposit and we have had to provide the mortgage company and estate agents with screen print outs of the money in the account. We also had to provide our mortgage provider with the details of where the money has come from. Plus the solicitor wanted the exact same thing as well. They have to see where the money is coming from and verify that is all legal and above board, you've just to roll with it. The mortgage advisor hasn't given false information they are perfectly entitled to request any information when they want it. Just because they didn't ask you at the time doesn't mean there never going to ask you.

hells_bells

Well I have had great news today. Offer is the post, hooray! Still waiting on the draft contracts from the seller's solicitor though. Grrrrrr !! Valuation was carried out yesterday so I am very pleased it's all happening so swifty.


Moving over to the waiting to exchange board. yay

reversehalo

heidir wrote: »

how long did it take from aip to offer with haifax?

Probably not the best thing for me to answer as we had to have two AIPs due to first having a useless broker! I will say that we had our valuation fee taken on the 11th of September, our broker having submitted the application a couple of days before, but then they asked for more information and didn't book in the valuation until last Friday. We had a slightly more complicated case than others here, though.

Arina

hells_bells wrote: »

Well I have had great news today. Offer is the post, hooray! Still waiting on the draft contracts from the seller's solicitor though. Grrrrrr !! Valuation was carried out yesterday so I am very pleased it's all happening so swifty.


Moving over to the waiting to exchange board. yay

Congrats! Well done! The solicitor bit is the worst!! x

hells_bells

thanks Arina. Did you ever get the paperwork through from your solicitors?