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

kellaree

We found out yesterday that not only are they now going to another lender but they're having a homebuyers report instead of just a valuation. Apparently their broker has told them they'll process the application quicker if they get a HB. Anyone ever heard of that being the case? (Makes no sense to me).

Do I just walk away now? I feel like my time is being wasted...

Bee70

We are waiting for a decision from Halifax - we have a 15% deposit, but have 3 year old defaults (fully paid off), so nervous that we won't be accepted, although we have a DIP and I saw a credit check done by them a few weeks ago.
Our timeline -
offer accepted 14/10
application for full mortgage by broker 16/10 and message by case worker same day

anyone know how long halifax take? Really worried they will turn us down even though we got a DIP

poppy1010

Bee70 we will soon be in the same scenario as you. We'll be applying for a Halifax mortgage in the next few weeks and I have x2 defaults from 2 and 4 years ago (both settled at that time). My credit rating now is 'excellent' on Experian. Have you looked at your credit rating? my OH has perfect past though, and his is excellent. We're after a 90% LTV though with only a 10% deposit.

I am super worried :-(

kirtsypoos

Hi Bee70, I know it's easier said than done, but I think patience is key at the moment - I found Halifax a lot slower than others here on the forum - I don't have defaults but do have high debt and was convinced we wouldn't be offered a mortgage.
It was over 2 weeks from application to offer for us, and over a week from valuation to offer - I was tearing my hair out but all went well

Fingers crossed for you (and you, poppy1010!)

Bee70

yes - not even had any word about a valuation yet. The solicitors are asking for loads of stuff, including money for surveys but reluctant to pay for those until I know we can at least get a mortgage.
Waiting for someone else to do things is surprisingly stressful!

lucywalker25

Hello
We got declined by leeds bs with me being the 2nd applicant on the mortgage with having a zero hr contract even though for 3 yrs iv done 20hrs a week and this doesn't change as Im a care worker,7k a year. My husband is an electrician and earns 27k a year.My husband has 2 defaults that come off in February 2016 that are settled.We put full app in with Kensington on the 14th Oct 2015 with all documents that was asked.Anyone got a mortgage offer with Kensington please?We have 15k deposit and the house is 93k we have a credit card with a balance of 1200 outstanding and I have a Next account with a £0 balance.Solicitors have done searches and all we are waiting on is the mortgage offer.
Please help iv not slept for weeks ��

xxlauxx

Received a text from nationwide today! Mortgage offer is being sent!
5 weeks of waiting and finally it's done! So happy.

fairyloveheart

xxlauxx wrote: »

Received a text from nationwide today! Mortgage offer is being sent!
5 weeks of waiting and finally it's done! So happy.

Woop woop :j:j:j:j:j:j:j
Congratulations x

lucywalker25

We got declined as im the 2nd applicant on the mortgage with a zero hr contract, but they knew this from the start and my employer sent all my history showing that I have been getting regular hours for 3+ years but they declined when it went to senior underwriter. We gave alot of documents from the start so it was down to my zero hr contract.

Good luck

andie5

I'm joining everyone - we have applied for a Natwest mortgage through a broker and he said the applications are slower at the minute so even if there are no problems it can take 2-3 weeks. They are a back end valuation so I'm waiting to see when the money is taken for that. Got a 10% deposit and childcare and debts so keeping my fingers crossed.
Congrats xxlauxx that must feel great!
Sorry to hear your news lucywalker25, it doesn't seem fair if they knew from the start.