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

catrobinson

catrobinson wrote: »

Hi,
I have come to join you all in this stomach churning process!
We are first time buyers who until a few months ago were living happily in a rented house belonging to an estate that would never be sold! fast forward to now and it is being sold and we are suddenly wanting to buy elsewhere.
Our timeline!
2/5/15 AIP through a broker with Santander (our bank!)
9/5/15 Saw a house and put in an offer.
11/5/15 Offer accepted, solicitor instructed.
Have decided to go direct to Santander not through broker and initial phone 'meeting' took place. Credit check all fine. Tomorrow have a face to face to start application process.
Feeling ever so slightly sick!!

12/5/15 Today I spent 3 long hours with Santander completing mortgage application. Unfortunately we have been referred and it has been sent to the underwriters. She tells me its not uncommon with help to buy mortgages. Hopefully will have a decision by Fri/Mon!!

Car1980

Quote:
Originally Posted by Car1980 View Post
• 23/4 Applied for Nationwide DIP. Referred to underwriters.
• Broker has to explain to Nationwide that we have SA302s, not certified accounts because of self assessment.
• Faxed bank statements, SA302s, ID,
• 1 page of bank statements missing - faxed over,
• Requested 2x tax overviews, 40 mins on phone to HMRC who then fax over wrong form.
• Another 40 mins on phone to HMRC who then fax over right form.
• Nationwide unhappy that marriage certificate has come across a bit faint. Darken and fax over.
• Nationwide unhappy that official SA302s are in a very slightly different format for the 2 tax years.
• 40 mins on phone to HMRC, new SA302s arrive in 5 days and are faxed over.
• Nationwide have lost an item that was sent. Re-sent across
• Nationwide still unhappy that marriage certificate is still not dark enough for them. Have to scan it and Photoshop it to make it even darker.
• Nationwide unhappy that all forms of ID say 'Apartment' except for one that says 'Flat'.
• Broker exasperated. Nationwide says they'll try and make a decision in a week (previously we were always told 72 hours)

Chances of having to pay Nationwide a £3k early redemption and having to rent to avoid house sale falling through increasing by the day.

In_For_A_Penny wrote: »

I can empathise - We had a horrible time with Nationwide. After 3 months of them continually losing documents, scanning and rescanning items (including in branch so they would be acceptable and not get lost) we gave up and had full approval with Halifax in 10days.

Hope you get it sorted.

Well, Nationwide have won. In their apparent efforts to wear us down and grab their £3000k early repayment penalty, we now have no choice but to tell them take a long walk off a short pier.

Now SA302s are not enough and they want 2 years certified accounts for both of us. Which would probably cost us most of the ERP, take weeks and make the current sale fall through.

My broker has never seen anything like it and called it shocking. It even got to the point where was asking them on the phone "do you even understand what it means to be self employed? Do you not understand the words 'self assessment'?"

He's now off to make a complaint and get them pulled from their approved panel.

You only have to look at the reviews on Trust Pilot to see that Nationwide are not fit for purpose in 2015.

Mrspaintpot

hello guys this is my fist post on here. I suffer from an anxiety disorder so these next 2 weeks are probably the most gut wrenching nerve wracking weeks of my whole life while we wait from halifax about our mortgage decision. We want to buy our second home, we are currently selling our home to be closer with family, husband had brought the house be4 we met. As i have been self employed for the past 2 years and do not have a great credit history we have decided to keep it in my husbands name, which is fine by me. We have received an offer on our current home, after an original offer was made by a team of property developers and once the survay was done they just kept trying to get us down in price it also turned out some alterations we had done (patio doors and internal walls) our builder had not told us about the need for building control, we managed to get an indemnity policy for the work but the developers didnt want that, it was just issue after issue with some very rude men, so in the end we decided we didnt need the stress and parted ways with the buyer (there were 87 emails exhanged in about 3 weeks just so you know the extent) anyway, 3 weeks after we got a better offer with a nice family guy so hopefully thats all going thrugh nicely. For this house we were offerd a MIP from HSBC but when we applied we got rejected (they wanted an 30k deposit) and not a 22k which is what we were offering. so now we have gone thrugh our estate agent and applied with Halifax, but im so scared that this wont go thrugh, The EA said it should, As we are asking for 89k, for an 18k deposit (the new house needs serious work to the bathroom and as i do massage it does need to be done sooner rather than later)
Dont think iv missed anything but wanted to have something to take my mind of it and not just sit here and speculate x hope this makes sense x

aconitefire

Hi everyone, I've been looking through these forums for what feels like weeks now and they've been a great source of advice. Currently waiting on a decision on our Halifax mortgage- things seemed to move really quick to begin with then stall for 3 weeks as they wanted an employee pay reference for me. Here's our chain of events....

March (sometime) get an AIP with Natwest- go in for a chat and can't proceed with them as I'm not in a permanent contract
04/04- go for a 2nd viewing on a house and make offer. Offer of £118,000 accepted
07/04- submit AIP with Halifax (advised to use based on circumstances)
09/04- received AIP from Halifax
15/04- full mortgage application with Halifax (told we have an A2 rating) only need to provide 3 payslips. Valuation/survey arranged and paid for. Solicitors appointed (but on hold for now)
20/04- Valuation/survey takes place
21/04- husband is okayed. Employee reference needed for me. Has to be posted as company don't use fax and email won't be accepted. 3 weeks of lost/ delayed post and reference shunted from department to department. Deposit gift letter from parents requested 08/05
12/05MA confirms all docs received.

So we've sent everything back, had our valuation done, just waiting now. Does anyone have a rough idea how long it may be until we hear? Had a call from the E.A yesterday and sense the vendors are beginning to get a little hesistant. Has anyone else had the same problem that Halifax won't accept scanned/emailed documents. Arrrgghhh! Good luck to all in the same position right now!

Car1980

In_For_A_Penny wrote: »

I can empathise - We had a horrible time with Nationwide. After 3 months of them continually losing documents, scanning and rescanning items (including in branch so they would be acceptable and not get lost) we gave up and had full approval with Halifax in 10days.

Hope you get it sorted.

Car1980 wrote: »

Well, Nationwide have won. In their apparent efforts to wear us down and grab their £3000k early repayment penalty, we now have no choice but to tell them take a long walk off a short pier.

Now SA302s are not enough and they want 2 years certified accounts for both of us. Which would probably cost us most of the ERP, take weeks and make the current sale fall through.

My broker has never seen anything like it and called it shocking. It even got to the point where was asking them on the phone "do you even understand what it means to be self employed? Do you not understand the words 'self assessment'?"

He's now off to make a complaint and get them pulled from their approved panel.

You only have to look at the reviews on Trust Pilot to see that Nationwide are not fit for purpose in 2015.

It gets better! They have kindly suggested I create my own accounts! Of course, they can't tell me what format they should be in and for some reason they think my non-certified accounts would be equally valid as an accountant's certified accounts and can't foresee what me and my broker can - that they'd be thrown straight in the bin.

Plus! Their computer says I'm not a customer (have had a mortgage for 6 years with them), and they've lost the marriage certificate for good measure.

Absolute shower of sh*t.

TheRoders

Oh My Goodness!! WE GOT THE MORTGAGE accepted Now for the valuation but I reckon the hardest part is done now! What a weight off my shoulders... I can now start to relax and looking forward to relocating

So happy!!

ellie27

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. Agreement in principle received and full mortgage application begun.
24/4 Surveyor out to our home today to refresh the home report for the house we are selling
30/4 Valuation of our purchase property carried out today
5/5 Bank still waiting for the return of a form they sent to my husbands accountant, some form to confirm that his accounts were indeed prepared by them. This form never arrived at the accountants so we told bank to send another.
7/5 Our solicitor has not received any paperwork at all regarding the house we are buying!! Not even a written acceptance of the offer we made over 2 weeks ago!
8/5 Broker confirms valuation is fine and once bank receives that form from the accountants then we will have the offer in the post!
11/5 Phoned sellers estate agents to tell the our solicitor has received no written acceptance or anything at all from their solicitor. She calls them and says they packaged up some papers and sent them out at the end of last week.
13/5 MORTGAGE HAS BEEN APPROVED!!!


Cant believe we have our mortgage approved for a house that our solicitor has not even received a written acceptance for!!!
AAARRRGGHHH!!!

loubylou18

5 weeks saturday we filled the mortgage application forms in with the broker and we are still waiting. worst wait ever :-(

Washingmachine_2

Hi, I hope this gives some people hope, we got ourortgage.
our timeline
10/4 AIP
13/4 put house on the market
15/4 sstc
17/4 put offer on house & accepted straight away instructed solicitors.
22/4 full mortgage application & instructed new solicitors as original not on lenders panel.
28/4 all docs to lender & solicitor
30/4 lender confirms docs received
12/5 Lender advises underwriters are passing to offer.
13/5 message to say app accepted & offer in post

We are absolutely over the moon.

fairy_lights

I've got a question for those of you who's mortgage applications have been accepted - how do you find out? Does the mortgage company inform your broker, who informs you, or do they contact you directly? Does the news come by letter, or by phone, or by email?