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

fairymoneysaver

Anagran wrote: »

Does anybody know, once the decision has been made is it either just a yes or no, or is it possible they might say yes but on a lower amount? Or in that case is it a no and can you then reapply for a lower amount? Beginning to get really worried as they are querying some of the income and I am worried it wont be accepted.

We have been offered £4k less than we wanted/asked for and that the affordability calculator for the lender said we could have. I am waiting for some paperwork to arrive that the lender wants then hoping for a formal offer on this lower amount. Broker does not know why they are only offering the lower amount and has not got anywhere despite numerous phone calls to them, I am not really happy about it but what can you do?

Mr_DB

Hi all,

Like many on here, I thought I would share my mortgage experience so far.

My MA applied for an AIP on 01/10 with principality and barclays but both were declined. I have a settled default on my report from 3 years ago.

He applied for an AIP on 02/10 with Aldermore which got accepted. 5% gifted deposit.

Made offer on house 05/10 accepted same day.

Full application to Aldermore 06/10

Valuation 07/10

Just received a call to say mortgage offer in the post today 08/10.

So far I'm very impressed with Aldermore and my MA

xxlauxx

Nationwide have finally called me, all documents have now been accepted and are going to the underwrighter today. she said 48 workings hours so Monday or Tuesday for "hopefully" an offer.
Ahhhh the stress continues

fairyloveheart

xxlauxx wrote: »

Nationwide have finally called me, all documents have now been accepted and are going to the underwrighter today. she said 48 workings hours so Monday or Tuesday for "hopefully" an offer.
Ahhhh the stress continues

YAY!!!!:j:j:j:j

xxlauxx

My DIP is still a refer though? We continued with the full application anyway, and we're happy with the risk of paying the fees anyway... Maybe they just do the full application rather than the dip and then the application?
God knows. Just don't want to build my hopes up now to be delayed again!

mashmash90

Mr_DB wrote: »

Hi all,

Like many on here, I thought I would share my mortgage experience so far.

My MA applied for an AIP on 01/10 with principality and barclays but both were declined. I have a settled default on my report from 3 years ago.

He applied for an AIP on 02/10 with Aldermore which got accepted. 5% gifted deposit.

Made offer on house 05/10 accepted same day.

Full application to Aldermore 06/10

Valuation 07/10

Just received a call to say mortgage offer in the post today 08/10.

So far I'm very impressed with Aldermore and my MA

This is amazing, especially considering the other 2 didn't want to give you even an AIP. Congrats to you & hope the rest of the buying process falls into place nicely for you!

My broker said there's still a delay with underwriting at Leeds BS but should get an offer early next week providing they don't request anything else...:think:

xxlauxx

Fingers crossed for you mashmash!!

Connor73

Hi alexadram

It's been quite quick from doing application to now in 2 weeks we done application and valuation was a week ago today and received message yesterday saying that it should be in post .....no post today ......fingers crossed for tommorrow .....we did notice they take valuation money from the bank which we been told a good sign so look out for this:)

Mr_DB

Thank you mashmash.

I think what went in my favour was the fact I cleared all my debts over the last couple of months. In all honesty I was quite confused that the first 2 turned me down. Especially since the default was only £771.

Best of luck to everyone.

Dave808_2

I'm still waiting...rather impatiently now!! Leeds emailed to say the use of personal information hasn't been signed!!