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

gam3r

6/2: Mortgage application submitted to Clydesdale through L&C, Credit check passed
6/2: Requested additional documents
10/2: Submitted additional documents
13/2: Valuation booked for 17/2
16/2: Case agreed subject to valuation
17/2: Valuation

Valuation today. Don't yet know the outcome.
BTL, 70% LTV, Property Price: £289,000

gam3r

Kevvlar wrote: »

Is it a good sign if they have booked the valuation?

Our valuation has been booked for Thursday.

Depends entirely on the mortgage provider.
Some do a valuation upfront and then sent all the details to the underwriter.
Some send all the details to the underwriter first and then get approval to go ahead with a valuation on the premise that the case looks ok.

MrDebtWarrior

gam3r wrote: »

Depends entirely on the mortgage provider.
Some do a valuation upfront and then sent all the details to the underwriter.
Some send all the details to the underwriter first and then get approval to go ahead with a valuation on the premise that the case looks ok.

Thanks

Its Nationwide, it was with the UWs last week but no further info.

littlelost

We are waiting for our mortgage decision.


5th Feb - DIP nationwide received for 155k
6th Feb - lost out on property due to a higher offer
16th Feb - Offer accepted on new property
17th Feb - Full mortgage application completed for 174k


Our broker has spoken to nationwide about us increasing the mortgage and apparently there are no concerns with affordability however I am still apprehensive as we do not have a DIP for the higher about of 174k.


Today has been a really expensive day as we have had to pay the broker fee, valuation fee and money on account to the solicitor for the sale of our home..... total of £800 spent :-(


I really do help this all goes through smoothly....How long is everyone else finding the nationwide take to conduct the survey?

goodwithsaving

Are searches required back from the solicitor before a mortgage offer can be issued? We're due a valuation tomorrow and the application is all approved (just the valuation to go).
Our solicitor is still awaiting draft contract, so searches haven't been requested.

I think it's all separate but wanted to check.

lucky8

littlelost wrote: »

We are waiting for our mortgage decision.


5th Feb - DIP nationwide received for 155k
6th Feb - lost out on property due to a higher offer
16th Feb - Offer accepted on new property
17th Feb - Full mortgage application completed for 174k


Our broker has spoken to nationwide about us increasing the mortgage and apparently there are no concerns with affordability however I am still apprehensive as we do not have a DIP for the higher about of 174k.


Today has been a really expensive day as we have had to pay the broker fee, valuation fee and money on account to the solicitor for the sale of our home..... total of £800 spent :-(


I really do help this all goes through smoothly....How long is everyone else finding the nationwide take to conduct the survey?

Nationwide has arranged a valuation within 2 working days for us.

lucky8

goodwithsaving wrote: »

Are searches required back from the solicitor before a mortgage offer can be issued? We're due a valuation tomorrow and the application is all approved (just the valuation to go).
Our solicitor is still awaiting draft contract, so searches haven't been requested.

I think it's all separate but wanted to check.

As far as I am aware they wouldn't need searches to be back for mortgage approval. But I am a FTB myself, may be someone else could confirm.

goodwithsaving

goodwithsaving wrote: »

Thank you JustAdmin88. The valuation and homebuyer surveys are on the 18th. Argh!! It feels so long away. I just want the mortgage confirmed.

Good luck to you too!!

The valuation and HB report has been cancelled due to a "technical glitch". We are now having to wait ANOTHER 6 days.

This delays the report, mortgage offer, contracts........the lot.

Countrywide are dire.

littlelost

Well that was fast!!!

Full mortgage application completed yesterday and received by nationwide.

Valuation survey completed today and valuation report now also received!!!

Yikes didn't expect a valuation that fast!!!

Well done nationwide!!! Also I am really impressed with their customer service and regular text updates as the application is progressed xx

Kryptothesuperdog

its taken over 3 weeks for me to get to that stage with the rbs!