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

Car1980

Nationwide DIP - SA302s have been rejected because the formatting for year 1 is slightly different from the formatting of year 2.

They are official documents supplied in the post by HMRC and arrived together and have the exact same information. But one has some figures in boxes not others and vice versa with the other.

Had fun explaining that to HMRC after the usual 40minute phone wait.

LittleMissKitty

Hi all, can I join? I'm feeling slightly sick!

Shall I do a timeline?

30/03 - put our house on the market
13/04 - offer accepted on our house
20/04 - put in offer on house we want
27/04 - offer accepted
28/04 - applied to port our mortgage

I'm sure everyone is a bit nervous but I'm terrified! DH has only been in his new job for 8 weeks, our current accounts have been a mess since January as we've had two cars blown up (one literally!) and we've been doing the house up to sell. We're actually porting our mortgage in a bid to keep our rate but we've been told we're looking at 12 weeks for a decision. Am I being impatient or does that seem a bit much to anyone else?!

Fingers crossed for us all!

hohum

We have an offer! It's been such fun as self employed/ low income type people.

Timeline

14/1 offer

02/02 full application made to halifax (had to wait for SA302)

09/02 they take money for valuation

20/02 application referred

25/02 application rejected

at some point in march they finally give me my money re valuation back. There's a hiatus here as I try and work out what to do, as the issue is around my employment status (apparently, PAYE income when you're a director is not PAYE income).

26/3 new application to accord
7/4 valuation carried out
13/4 we receive a letter dated 2nd April from surveyors to send back!
20/4 homebuyer report received, value at offer price. Some 3s but am not too concerned, nothing unexpected
22/4 request additional bank statements for boyfriend's account
29/4 offer made

yaaaaaaaay

and now we wait again...

Like I said before, good thing we have relatively relaxed estate agent and vendor. I only really started fretting last week. And when we got rejected first time I swore a lot. It's really a daft game, very happy to move to the next bit of it!

FISH

Hi All

Looking for some advice...

We are trying to buy a new build with Help to Buy. We submitted all our documentation (Pay Slips, Spending info, credit info, bank statements etc) to the mortgage advisor this morning and he sent us an AIP from Santander this afternoon. The actual application will only happen in June - 6 months before the property is due to be completed. How reliable is an AIP if circumstances remain similar?

FunkyMissMonkey

The wife and I are FTB's (in our thirties!). After far too many years renting we are finally in a position to buy our first house and are now in the nail-biting wait or a mortgage offer.

01/03/2015 - Actively house hunting
16/03/2015 - Conversation with broker and broker DIP
27/03/2015 - Second viewing
27/03/2015 - Offer put in to EA/vendor
21/04/2015 - Offer finally accepted!
21/04/2015 - Mortgage process started with broker - paperwork gathering
23/04/2015 - Mortgage application submitted to Woolwich
24/04/2015 - Application accepted
28/04/2015 - Lender valuation completed
29/04/2015 - Lender documentation request - bank statements, payslips, proof of deposit
30/04/2015 - Valuation report received - valued at offer price so all good there.

Seems strange to me that the valuation was done before asking for our additional paperwork (or taking payment!) but we're both very hopeful that we will get to offer in the not-too-distant future.

Dragonqueen

Evening all - mind if I join?

March 4th......House sold, offer accepted on other house, AIP sorted with Coventry - hubbys current mortgage provider - then our buyers dropped out and didn't tell anybody....so a week or so later we found out, had a couple of viewings, got a buyer April 11th, applied for full mortgage........heard nothing for a week after application arrived (signed for, obviously!), husband called for an update....nothing had been keyed onto the system!!!!!! Credit checks had been done on April 27th...

Panic mode!

Husband called back today.....lady spoke to underwriters to see what was happening....credit checks and finances all ok - just waiting on Valuation, which due to them being very busy may take up to 2 weeks to get done. Shouldn't be an issue, as we are borrowing 30k less than we are buying for and local prices are going up.

Just a waiting game.............I hate waiting!!!!!

Fingers crossed for everybody!!

lazysundays

We finally got our offer! :beer: Still waiting on the paper copy but our broker passed us an electronic copy on Thursday

millsy22

Hi congratulationscongratulations on getting your offer. Hope people don't mind if I put my stress on here our time line
6/01. House on market
02/03. Offer & we except FTB
04/03. Buyers private survey
10/04 Halifax surveysurvey for buyers
01/05 buyers waiting for Mort offer

We have no chain as we aren't buying anything. Was wondering how long for the ftb to get their offer

ellie27

Hello. We are in Scotland, I know the process can be different.....

17/4 Accepted an offer on the sale of our house
17/4 Agreement in principle received through broker for Halifax
20/4 Had our offer accepted on a house
22/4 Scanned in bank statements/ID/accounts/proof of funds etc and emailed to broker
23/4 Decided to go with Coventry BS so told broker to go full steam ahead today. Agreement in principle received and full application begun.
24/4 Home report for the house we are selling is being refreshed today, surveyor coming out this morning to do that.
27/4 Letter from Coventry saying they have received the mortgage application and paperwork and a valuation of the property will be arranged

Broker said expect it to take 4/5 weeks, I will update as we go.


The letter from Coventry BS said a valuation of our purchasing property will be arranged. Will we know when that will be carried out? Or will it simply be that we will only find out if there is a problem with it eg it is valued at less than we are paying?

justme1985

justme1985 wrote: »

Our timeline so far is:

07/03 Viewed property
09/03 Had offer accepted
11/03 Appointed solicitor
12/03 DIP with bank (direct)
28/03 1st appointment to put in full application.....though was cancelled for some unknown reason and next appointment over two week wait :mad: (this was after being messed around a bit and confirming our appointment two days before!)
30/03 Start full process over the phone as not waiting another two weeks for an appointment. It felt like an interrogation at times but lady on phone was very nice. Took just under 1.5 hours.
31/03 Got email from estate agent to confirm onward chain is now complete :eek:

Got my second call tomorrow with recommendations etc and then I guess the full application will be submitted. I'm not very good at waiting so will be glad once its all done!

Thought I'd add an update:

02/04 Second phone call with bank to get recommendation (which was what I wanted from my research so happy with that). Then start to receive paper work etc.
09/04 Sign up to be able to view the application online
11/04 Take in ID to a branch to update our photo ID on the system
16/04 Take in 3 months payslips into branch as requested
20/04 Get a phone call saying my OH needs to verify himself so they can look at his details. He tries to do this but has forgotten his phone banking details so has to go into branch to get them reset :mad:
24/04 OH manages to get phone banking unlocked and verifies himself. Then get asked to confirm solicitor details and what survey we want.
25/04 Pay for survey
28/04 OH gets a letter asking for 3 months payslips and a letter confirming he is permanent. (He gets paid on the 29th.....but we're still waiting for the latest payslip! They apparently went to the wrong department :mad::mad:)
29/04 Get confirmation from EA saying survey has been booked for the 06/05

After he had confirmed he was who I said he was it felt like a lot happened very quickly, it feels like it has slowed right down again now!