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

TheSpaniard

Still waiting on my offer, EA confirmed this morning that underwriters were happy and was just a case of waiting on the offer officially...however now the sutveyor is still insisting on a retainer, but is unwilling (apparently) to divulge on what grounds.
2 questions;
1) is this normal behaviour? &
2) surely the whole point of a retainer is for me to carry out remedial works at which point the retained funds are released, how do i remediate if they wont tell me the issue?!

Confused and Bemused by the whole saga!

learningaboutmoney3

OMG I'm going to go insane! Lender should be looking at our docs today and then it will all be passed for consideration and we will get a decision within 72 hours.

Here's our updated timeline so far

6-9 DIP
9-9 Offered accepted on property
16-9 Full application submitted
24-9 Valuation instructed
29-9 Valuation took place
2-10 Valuation report received
7-10 Addition docs requested on 1-10 to be assessed (I hope)

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 letter from halifax received saying property lendable
and the price is ok 01/10/2014.

was supposed to hear something on 03/10/14, but no news...



STILL WAITING..........Grrrr.........

The news is, THE CASE IS WITH BUSINESS ASSESSOR AND ESCALTED TO URGENT, BUT THE TURNAROUND IS STILL FIVE DAYS.
SO NOW looking at end of this week to beginning of next week.

learningaboutmoney3

It looks like we are going to be waiting in tandem asj! FC we both get news by Friday! I've got to be out my rented property by 27th Oct and we haven't even started the searches yet as my solicitor hasn't received the draft contract!
I've just been ringing round cancelling our services for things like council tax, bt etc but I have to tell them all we will probably be moving in with my m&d for a bit.

bexs2247

Gutted, the people we were buying a bungalow off of have pulled out ������. So upset and disappointed ��

Kimlock

Oh Bex, that's awful. I'm sorry
But I'm sure you'll find the right house soon.

learningaboutmoney3

So sorry to hear that Bex

asj

so sorry, dont worry, you will find a better place

asj

learnabt money, i had already instructed my solicitor to do the serches on 22 sep (risk worth £ 249.00 ), and she got all the searches back today.

bexs2247

Thanks. We are absolutely gutted and a bit shocked really. Now thinking of waiting til the new year to find somewhere although this will mean losing our buyer too.