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

kingstreet

MercilessKiller wrote: »

I would imagine the valuation is going to be the longest part of it - would I get a text saying "Approval subject to valuation" quickly or is the valuation done first?

If so, I'm guessing a rejection means goodbye to the valuation fee ha!

No. The valuation fee is refundable upto the point the inspection is carried out.

You don't get "approval subject to valuation."

Nationwide normally instructs valuer on receipt of application. The text/email updates are;-

product booked/application submitted
valuation instructed/valuation booking date
valuation received
valuation approved
offer issued.

Mortgage_Mark_2

oli_ro wrote: »

29/10/14 FMA
30/10/14 Text confirming survey scheduled on 03/11/14
03/11/14 Survey
05/11/14 Text telling me survey was ok
07/11/14 Extra information provided to NW re wife's employment
Back in the queue
10/11/14 Another documented requested and provided
Back in the queue
12/11/13 Yet another document requested and provided
Back in the queue
18/11/13 Employment questioned and more enquiries raised with the broker. (I am an IT Umbrella Contractor). I don't even know what possible can they require as I have given all the documents under the sun and according to their own criteria, the employment should be ok.

Waiting to have a chat with my broker, to be honest I don't know what to do next, can't find words for how frustrating this feels. :mad:

Is your broker a contractor specialist? Any Nationwide cases we ever do (not many as a contractor specialist!) we always make sure that our BDM sees things through for us because they really aren't all that contractor friendly.

Which umbrella company do you use?

MercilessKiller

Great - Already the first problem.

Broker calls me last night to take payment of £285 for the Valuation (product fee of £499 was to go on the loan).

Check my bank this morning and £784 has been taken.

I'm assuming he's put through the payment including the product fee... Grrr

EDIT: Going to post this as a separate topic...

Nicolahomer

Nicolahomer wrote: »

10/08/14 DIP with Leeds building society via IFA for 50% shared ownership house
08/09/14 full application with Leeds
16/09/14 Leeds request proof of address for a house I lived at 4 years ago
9/10/14 offered mortgage for half of what I asked for as Leeds stated they do not take into consideration tax credits towards my daughters nursery fees! Making my expenditure look much higher!
10/10/14 DIP with nationwide
23/10/14 paper application submitted through IFA
14/11/14 Our documents have been checked and approved after going for audit
17/11/14 survey and HBR done
17/11/14 nationwide asking for our gifted deposit letter (already sent)

18/11/14 survey and HBR come to us via Email and are fine

System

Nicolahomer wrote: »

18/11/14 survey and HBR come to us via Email and are fine

Always nice to get that sorted and find out no major issues with the new place

higgins23

Mortgage been offered and in the post... Now waiting to exchange 😁

System

higgins23 wrote: »

Mortgage been offered and in the post... Now waiting to exchange 😁

Great news :beer:

Sitting in the same boat as me

higgins23

You sure learn how to be patient hey. How long have you been waiting?

System

Waiting to exchange?

Our mortgage offer sent on Tuesday this week. We've had 6 enquiries through from buyers solicitor which we answered. Searches are done by all too.

I don't think our offer has landed with our solicitor yet so guessing all systems go when it does.

dugma1975

Will join this as mortgage advisor just told me underwriter assessing case now and decision in 30 mins.

DIP approved its final section pre-survey after receiving all documents!

I am on tender hooks as last year got rejected 4 times due to previous credit history which is now wiped clean!

Its killing me not knowing and being in the hands of someone else!

Fingers crossed people!