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

samo8076

Received my searches back yesterday, as well as my mortgage offer. So moving to the waiting to exchange thread

Good luck to all of you in here. Hope to see you soon in the waiting to exchange thread.

aylithuk

Updated

28/09/14 - Applied for DIP online - accepted
08/12/14 - House found and offer accepted
09/12/14 - Applied for Nationwide mortgage online
10/12/14 - Valuation instructed
12/12/14 - Valuation returned - waiting for approval
13/12/14 - sending in supporting docs for OH and proof of address for me

8-of-us

Really not sure where I am at the terminology is all a bit much for me.
We're going for a New build Shared Ownership property (part rent, part buy)

Main dates are as follows but we have been in lots of talks about mortgages, doing proof of income, ID etc and what shared ownership means for us


03/12 - Viewed house
09/12 - Paid reservation fee
10/12 Mortgage agreed/Paid valuation fee
12/12 Instructed solicitor
(for 15/12 - post Mortgage declaration)

So I'm not sure what is next

House wont be ready until possibly mid-Feb 2015

Mccarthywales

Hope I was having turn around as quick as you

27/11/2014 Applied for Mortgage with Broker
01/12/2014 Application Received 01/12/2014
03/12/2014 Valuation Requested
05/12/2014 Valuation to take place (Apparently valuer turned up and could gain access but site sales office said no one had been)
05/12/2014 I called to asked when re arranged for and was told re arranged for 10/12/2014 I said this was not early enough as due to move in on 19th!
05/12/2014 Valuation re arranged for 8/12/2014
8/12/2014 Valuation complete and received by nationwide
10/12/2014 Valuation review by Nationwide but valuation not good enough as did not state it was a new build
10/12/2014 Valuation amendment requested to Countrywide who subcontracted Connells to carry our valuation
10/12/2014 Nationwide also then tell us and Broker they have also been waiting for more recentbank statements .... to which they had never asked for before but we sent straight to them via broker
11/12/2014 Countrywide did not pass this valuation amendment request onto Connells so I chased them direct-
12/12/2014 Valuation report amended and returned at NOON
13/12/2014 - New valuation report still not been looked at and our additional proofs still not looked at even though we were promised proofs would be looked at by close of business 11/12/2014 and valuation would be looked at by close of business 12/12/2014.

I know it hasn't been a huge time frame since application but its a small gap we have to get into property we need to complete by 19/12/2014! And is so frustrating that they did not tell me or broker about additional proofs in advance - also due to urgency the no one is willing to look if our new valuation report is now correct for them.

Everytime I call I get promises that it will be marked as urgent and looked at by close of business - call back next day to say it wont be looked at for at least 24-48hrs and they wont mark it as urgent.

Soooo frustrating feel like Im chasing 24/7 and dont want them to now ask for anything else additional

If i don't receive mortgage offer by Monday i feel like I could loose house and builder said they will withdraw Part Ex offer.... that on top of reservation fees ive paid, solicitors fees, removals vans, tilers and carpenters etc.

How long from your solicitor requesting funds/receiving mortgage offer letter did i take for funds to clear?

So so stressed and worried!

noname123_2

noname123 wrote: »

Probably a bad place to put this (given the query above) but...

We applied to natwest a month ago, valuation was done 2 weeks ago and 100% retention was applied as they wanted proof that the structural works were done properly. Provided them with what should be sufficient information same day... still bloody waiting to hear if it's ok- the info only got sent to the surveyor this week.

We have complicated circumstances (divorce and existing mortgage..) and were mislead by Barclays initially (they said we could borrow more than double what we actually can!) so have ended up offering for something which is at the top end of what we can afford. Getting a bit nervous about it dragging beyond my other half's birthday as it would mean that he would still be paying a mortgage past his 70th birthday and I am not sure if that is an issue or not..

And now nat west have decided the surveyor needs to reissue the vaulation survey. I have to say I am incredibly pleased with our Mortgage Broker who has done a very good job (for very little reward I suspect!)

Moseydo82

I have my mortgage offer in my hands today. Signed and to be sent back Monday!

We started the process early November.

Loopy28

I can finally post my timeline next week as making FMA.

I am a little concerned because my broker obtained an AIP with Santander for me. She took details of my loan and hire purchase monthly amounts for the AIP but then just estimated all my other outgoings e.g food/insurances/travel etc without asking me for accurate figures.

I wonder now if this means that the AIP isn't worth the paper it is is written on.

Is the broker likely to keep these estimated figures for the FMA or go through all my bank statements and put accurate figures in? I have only started reflecting on this since our last meeting but am now feeling a little unhappy that this will alter the whole amount that Santander could lend me and that perhaps the broker hasn't acted in my best interest?

Fuzzyvision1981

I'm a mortgage adviser for santander and it won't really matter much. When a customer gives us details of their expenditure we get details from the office of national statistics of what the average expenditure would be for someone in those circumstances. We always use the highest figure out of the ONS and customer figure. Although I always have to capture the exact figures the customer provides.

Loopy28 wrote: »

I can finally post my timeline next week as making FMA.

I am a little concerned because my broker obtained an AIP with Santander for me. She took details of my loan and hire purchase monthly amounts for the AIP but then just estimated all my other outgoings e.g food/insurances/travel etc without asking me for accurate figures.

I wonder now if this means that the AIP isn't worth the paper it is is written on.

Is the broker likely to keep these estimated figures for the FMA or go through all my bank statements and put accurate figures in? I have only started reflecting on this since our last meeting but am now feeling a little unhappy that this will alter the whole amount that Santander could lend me and that perhaps the broker hasn't acted in my best interest?

2tort

Mortgage offer issued on Friday! Application was started back in mid-November :-) Good luck to all still waiting, hang in there!


Now in the hands of our solicitors who have been great so far, hoping to exchange contracts very soon!

ykstar

ykstar wrote: »

Bank of Ireland (Post Office)

Mortgage application submitted 28.11.14
Valuation done and report back 05.12.14
Waiting for an offer

Very stressful waiting. We'd ideally like to give notice on our rental property on 21.12.14 as it is our six month break out clause. Fingers firmly crossed. Am starting to have sleepless nights...

And declined. Absolutely gutted and have been in tears since Friday. Reasons being - I pay three standing orders a month - all to my other half for savings, etc. Stupidly I change the date each month to the day I get paid, just so the money goes out ASAP. In September I forgot to change the date and the standing orders came back and were paid 2 days later. Nothing showed in my bank statement as them coming back, but I got charged for a 'returned standing order' at the beginning of November. Underwriter saw the 'returned standing order' and it was an automatic declined. They have said they think an appeal will be pointless. Broker is now speaking to other lenders to see if this is going to be an issue.

Literally, the house of our dreams may be gone all because of my stupid, silly, clerical, idiotic mistake. I realise I did wrong and they will see it us as 'unaffordable', but we are in a very good position. Deposit of £100k, partner with an absolute faultless credit history and money situation, me a bit more wobbly with some credit card debt, but the broker had no concerns. Now this.

Entirely my fault, but absolutely gutted over something that was a clerical error.

Happy holidays!