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

Amara

We're buying house we live now. Yesterday we submitted mortgage application.
28.05.15 - application submitted.

We're waiting now for news.

kevrod79

Hi all,

Been lurking for a bit. Full application on Tuesday and call from mortgage advisor today to be told offer in the post. Shocked at the speed to be honest and absolutely delighted.

Kevin

toddler9

Our application is held up with NatWest because we didn't provide sample signatures on the application in branch. The mortgage adviser we saw there never mentioned this- we only signed the direct debit mandate.

So we are going into the branch tomorrow to sign something and then they can fax it to the mortgage center. Trying to keep the EA off my back so need this to go through quickly. This is a very buoyant market and I do not want to lose this house!

toddler9

After some confusion going to the branch and calling the mortgage centre today we have been told our mortgage has been underwritten and approved subject to valuation! Yay
the signature thing was a confusion at the mortgage centre as that is soeming which is needed for applications through a broker not the branch (although they did say my signature was very big on the document and not really in the lines lol!)

ohdear66

Hiya! Just starting our remortgage journey so thought I would join in!


30/05 DIP from Barclays, gave MA every bit of paperwork we have (just in case) and when approved it only asked for 1 months payslips for me and nothing for my other half who bank with them. Does that sound right? MA said he will send bits to sign in the post and once I give him redemption figure he will send off full application. Anyone know how long Barclays take to sort valuation after submitting?

MarkT1

Thought I would join in, I am a (very nervous) first time buyer going through a broker to Halifax (buying directly from landlord). Timeline so far:

20/05 - DIP and application submitted via broker
21/05 - Additional documents (proof of deposit) requested and submitted
22/05 - Additional documents submitted to Halifax
28/05 - Voicemail from broker advising that application accepted subject to valuation

Waiting on the valuation now, hopefully I can get the valuation booked next week, keeping my fingers crossed!

titch85

I'm a first time buyer and had a stressful few months. I've already gone through the offer stage but had to pull out due to my deposit not coming through (my parents are selling and the deposit is being gifted through the extra money left over).

22/05 - Original mortgage offer with Aldermore ran out
23/05 - New offer accepted (£2k less than original)
26/05 - Broker called Aldermore to see if we could extend the offer. Said yes but need to move quickly.
27/05 - Sent over latest payslip.
28/05 - Paperwork received and offer being worked on. Should hear by 1/6!

pinknfluffy28

Can I jump on board please?

15/5 Viewed a house that came up in the area we have always wanted to live. Put in a cheeky offer, which was refused, second offer was more realistic, and accepted the following day!

16/5 Dh called Santander for AIP, they refused us due to their "stress test" criteria. Basically "what if after the 5 year fixed, interest rates go upto 9%, currently you couldn't currently afford it". Wouldnt take into consideration the fact that dh's daughter from previous relationship turns 21 in 3 months, so that will be £400 a month child maintanance he is no longer paying out (meaning we could still easily afford their scenario of 9% interest rates!
Really knocked us for six, tears and tantrums from me, we consider putting off the whole moving thing for a few years.

17/5 We have the first viewer for our house. They offer us asking price the same day! Decide we need to try somewhere else.

20/5 Dh speaks to post office, arranged for advisor to phone him back in a week.

26/5 P.O advisor calls back, go through absoloutly everything with him, we have 15% deposit, and all personal debts/credit cards have been paid off. Advisor gives AIP.

28/5 AIP and full application received in post. Instructed solicitors.

29/5 Full application filled out, and along with all requested paperwork/documents, put back in post to them.

The santander refusal is still playing on my mind, I'm not confident (I'm a natural worrier anyway), but DH has already ordered some packing boxes etc, and our dd's have spent days going through paint charts and mentally decorating their new bedrooms.

I will have no nails left at this rate, I just have this really awful feeling something is going ti go wrong, and I doubt I will sleep much over the coming weeks!

Anyone have any idea how long post office usually take once you submit full application & documents?

justme1985

justme1985 wrote: »

Just had the call back from the bank :T not sure I quite believed what they said regarding the reason behind the wait and need to be requoted but have been requoted on a new rate, which is lower than the original so will save us some money apparently they will put a rush through to the underwriters to get the final decision.

My OH and I got a phone call from the underwriters on Friday to clarify (justify?) a few transactions. About 2 hours later the whole thing was done and we had our offer :jjust need to accept it now!

On to the next hurdle now (have a few questions with the solicitor). Glad this part is (hopefully) completed now!

Good luck to everyone with applications in.

Jon_B_2

pinknfluffy28 wrote: »

Can I jump on board please?

15/5 Viewed a house that came up in the area we have always wanted to live. Put in a cheeky offer, which was refused, second offer was more realistic, and accepted the following day!

16/5 Dh called Santander for AIP, they refused us due to their "stress test" criteria. Basically "what if after the 5 year fixed, interest rates go upto 9%, currently you couldn't currently afford it". Wouldnt take into consideration the fact that dh's daughter from previous relationship turns 21 in 3 months, so that will be £400 a month child maintanance he is no longer paying out (meaning we could still easily afford their scenario of 9% interest rates!
Really knocked us for six, tears and tantrums from me, we consider putting off the whole moving thing for a few years.

17/5 We have the first viewer for our house. They offer us asking price the same day! Decide we need to try somewhere else.

20/5 Dh speaks to post office, arranged for advisor to phone him back in a week.

26/5 P.O advisor calls back, go through absoloutly everything with him, we have 15% deposit, and all personal debts/credit cards have been paid off. Advisor gives AIP.

28/5 AIP and full application received in post. Instructed solicitors.

29/5 Full application filled out, and along with all requested paperwork/documents, put back in post to them.

The santander refusal is still playing on my mind, I'm not confident (I'm a natural worrier anyway), but DH has already ordered some packing boxes etc, and our dd's have spent days going through paint charts and mentally decorating their new bedrooms.

I will have no nails left at this rate, I just have this really awful feeling something is going ti go wrong, and I doubt I will sleep much over the coming weeks!

Anyone have any idea how long post office usually take once you submit full application & documents?

I think you have caused yourself a lot of in necessary heartache and delay for not involving a broker in the process. SIX days to have an advisor from the Post Office to call you back?! You could have engaged a broker and had an offer in that time, probably with another lender at a better rate.

I don't always think brokers are the answer and all too often on here the brokers always seem to suggest to engage a broker way too quickly (surprise), but you've gone all scattergun in your approach when for a few hundred quid you could have saved a lot of hassle.