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

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!

Jason_Bourne_2

Pretty nervous about everything due to past credit history.
Broker assures me that as all my credit blips were declared at DIP stage and all my income/outgoings are accurate then this will go through...





19/3/15 DIP with Halifax
26/3/15 My house goes on market
13/4/15 Offer accepted on my property
15/4/15 Offer made to purchase
16/4/15 Offer accepted for purchase of house
21/4/15 Sent proof of income, statements etc away to broker for full application to begin.

28/4/15 Full application submitted
28/4/15 Mortgage fee taken from account by Halifax
28/4/15 Looked through files already and Requested last 3 SA302's (only gave them 1) + wages slips etc)
Updated timeline for me
30/5/15 Halifax agree to use home report but charge for it to be typed up again
1/5/15 SA302 processed and faxed to Broker, paper copy posted also


Halifax should now have everything they need.
Proof of income, identity, source of deposit, valuation, bank statements, mortgage statements, credit card statements.
Hopefully no delays now and I can get a positive decision quickly.


The wait is killing me already !

Tarragondragon

Middle of Feb: Initial meeting with MA to discuss money, do KFIs, etc. Suggests we go with Santander
End of Feb: put in 3 offers on a house, all refused - back to the drawing board
14/03: Viewed a house, with potential. Owners father was there so we couldn't get a proper look around!
21/03: Second viewing, much better... Decide to put an offer in.
24/03: first offer refused - it was 10.5k, under but you have to try!
26/03: second offer put in - refused within 10 minutes!
27/03: final offer placed and refused. £1k under what she wanted, £6k under asking. EA is frustrated and takes the vendor 'window shopping' to get her on board
30/03: offer accepted! We visit our MA who has all our paperwork ready to submit our mortgage application with Natwest (was a better fit for us, I bank with them and have multiple incomes)
02/04: MOPS received
07/04: Contacted MA re: any news
15/04: Contacted Natwest, they require further info. Send updated Bank Statements to MA and request HRMC fax SA302 (since the first lot got lost in the post 8 weeks ago!)
16/04: MA lets me know she's passing further information onto Natwest today.
20/04: MA confirms Natwest have our stuff and will contact them on Thursday to see whats happening
23/04: MA calls, Natwest are happy with all our info (yay minor victory). However, they require my partner's previous address (he moved in with my just under 3 years ago) in written format from her)
25/04: Received Fixtures & Fittings list and Land Registry info from Solicitors, he also informs us that he has the vendors contract in hand.
28/04: Mortgage Approved subject to Valuation. Valuation fee paid.
06/05: Valuation booked in
07/05: Structural Survey booked in

Hopefully we should be able to exchange next week, all things being well. Fingers crossed for the next 2 days!

cmf87

Hey guys,

Currently waiting for a mortgage decision with Halifax- I was just wondering if anybody knows at what point underwriting is carried out?

Got AIP
Done full application (over the phone)
Credit check carried out given the go ahead...
Paid for valuation
Valuation took place- survey came back all good
and now there has been a hold up (nearly 2 weeks)

Apparently they are waiting for my work to confirm my employment, work haven't received anything so I have asked Halifax to re-send the form to my work place *cries*

Does anybody know if underwriting may have already been done at this point?
Or is it that once work have confirmed my employment all the documents will be sent to check/underwritten?

Someone has said usually if the application has gone through without a hitch, valuation took place etc its usually a good sign.
I was only asked for 3 payslips to send as proof.

I am worried because although according to Equifax I have 'excellent' credit rating I have 5 missed payments (3 in 2012 and 2 in 2013) *cries again* and I am worried this could cause some kind of issue further down the line which could hold up things further...

So stressful!

cat1984

After 4 1/2 agonising weeks we have finally had our mortgage application has finally been agreed!!!!!!

:beer::j:T:rotfl:

A complete weight has been lifted off of my shoulders!!!!

*starts to google furniture, paint, kitchens*

Profoundry

Hi All,

I dont know if this thread contains any mortgage advisors, IFA's or survey experts. If so this is a question for you.

Essentially we are trying to buy a 2 bedroom new build house with Halifax. The house hasn't been built yet but Halifax commissioned a valuation survey as part of the mortgage process.

The survey came back with a £19k difference between their value and the asking price. So we went and removed the kitchen island and wooden flooring from the developer spec.

Halifax then came back and said they would only need to do a "retype" not a full survey. So we have been waiting and waiting for the results of the retype. Then we get a call saying that a full re-valuation survey is required. The initial survey report did not mention any internal / cosmetic elements just the number of rooms/bedrooms/toilets etc.

What I would like to know is did the Esurv surveyor take the kitchen island and wooden floors into account when pricing the property? And if they didnt why do we need to pay for another survey when no structural elements (room #s etc) have been changed?

kingstreet

No way for anyone outside of your particular case to answer, sorry.

Jason_Bourne_2

Jason_Bourne wrote: »

Pretty nervous about everything due to past credit history.
Broker assures me that as all my credit blips were declared at DIP stage and all my income/outgoings are accurate then this will go through...





19/3/15 DIP with Halifax
26/3/15 My house goes on market
13/4/15 Offer accepted on my property
15/4/15 Offer made to purchase
16/4/15 Offer accepted for purchase of house
21/4/15 Sent proof of income, statements etc away to broker for full application to begin.

28/4/15 Full application submitted
28/4/15 Mortgage fee taken from account by Halifax
28/4/15 Looked through files already and Requested last 3 SA302's (only gave them 1) + wages slips etc)
Updated timeline for me
30/5/15 Halifax agree to use home report but charge for it to be typed up again
1/5/15 SA302 processed and faxed to Broker, paper copy posted also


Halifax should now have everything they need.
Proof of income, identity, source of deposit, valuation, bank statements, mortgage statements, credit card statements.
Hopefully no delays now and I can get a positive decision quickly.


The wait is killing me already !

Have been informed the mortgage offer is in the post

:T :beer: