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

kirtsypoos

sheraz_aries wrote: »

I been informed by our Financial Adviser today that our mortgage has been approved and the mortgage offer letter is now in post.

a) Does it means credit checks have been conducted?
b) I am keen to buy some stuff worth £1000 through my credit card, was on hold as don't want to effect our mortgage application. Was wondering if its safe to do it now?

I've been advised not to have any additional spending on CCs until after completion as further credit checks can/may be done at any point until completion.

Avicov

Hi everyone... Thought I would join in on the timelines with Halifax so far:

4 Sep - offer accepted on house
7 Sep - full mortgage application on phone direct to HFX
7 Sep - mortgage valuation fee taken
9 Sep - Valuation carried out
10 Sep - valuation all ok
12 Sep - submitted payslips for me and the Mrs plus signed forms at local HFX branch
16 Sep - I called up the HFX contact centre to see where application is at. Processing looked at it today and all ok apart from a few things. Told a mortgage advisor will call me in the next day or so as they need further bonus info faxed for the Mrs and have a question on my income.

17 Sep - spoke with mortgage advisor this morning and further info faxed over in the morning
17 Sep - called late afternoon saying they need to take mortgage arrangement fee and that's it from me

I am hoping I'm not far from the mortgage offer now!

sunnyx

Hi,

My first post after lurking here for a while.

24/08 - Initial DIP with Halifax to search for new builds.
11/09 - Viewed property.
12/09 - Reservation confirmed. Developer wants to exchange in 28 days.
14/09 - Solicitor Instructed.
15/08 - Meeting with Broker.
17/09 - Broker applied for Nationwide.
18/09 - DIP accepted.
19/09 - Text received from NW confirming application received. Valuation debited from my account.

Now awaiting valuation date. Will update soon hoping to receive a mortgage offer

ambipur

I had an mortgage in principal from Nat West and then put in a full application around 3rd Sept. It's gone very quiet, no fee for the valuation taken, should I be worried because I am very worried.

summer_james

After five weeks of stressing, we now have our mortgage offer!! No conditions, all seems straightforward so we are super happy! :T:T

kirtsypoos

Congratulations summer-james! Brilliant news!

aoeiiking05

Questions for those who've received an offer from Nationwide:
- How long did you have to wait to get the offer in the post (i.e. after getting the text / email alert about the offer)?
- Was the offer paperwork an FYI or did it need to be signed and sent back?

summer_james

kirtsypoos wrote: »

Congratulations summer-james! Brilliant news!

Thank you. I have literally gone grey over the last five weeks waiting for the flaming valuation to take place but in the end we got there! I am really praying we all have a happy Christmas in our new houses :D

summer_james

ambipur wrote: »

I had an mortgage in principal from Nat West and then put in a full application around 3rd Sept. It's gone very quiet, no fee for the valuation taken, should I be worried because I am very worried.

Don't be worried. It seems banks take their own sweet time these days. Payment for my valuation was taken when our full application went in on 14 August and the valuation wasn't done until 15 September. I believe some banks work different ways. Some credit check, do the affordability checks first and then do the valuation and some do the valuation first then do the credit checks, affordability checks after. I think it just really depends. My mortgage is with Halifax. Good luck

Dw_dunc

Very impatient FTB here...

My timeline so far is:
11/09 - DIP from Nationwide
11/09 - Full application through broker
12/09 - Text from NW confirming receipt of app
13/09 - Contact from surveyed to book valuation
22/09 - Valuation done (delayed because we were away)
23/09 - Text from NW stating they'd received valuation followed immediately by a text accepting valuation.
23/09 - Email from broker stating that our file is having checks for offer to be issued.

My question is: What does this mean? What checks are being done and how long do they take?

We currently rent the house that we're buying so this isn't helping with my impatience as we've dreamed of owning it since we first moved in.