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

pennypg

DIP applied for on 10/9/13
Referred to historical credit issues so had to send them numerous pieces of paper. This went on for nearly four weeks.
28/9/13 received DIP
28/10/13 applied for full mortgage.
30/10/13 email received saying valuation booked for the 31.10.13.

IFA is saying that due to credit history and that the DIP had to be signed off by head office, that it has already been under written so he does nor see any problems. Fingers all crossed

koneko

koneko wrote: »

FTB-er here too

03.10.13 – AIP with Halifax
26.10.13 – Offer accepted on House
28.10.13 – Submitted full application via mortgage advisor, provided payslips, bank statements etc in case these are needed. Also provided card details for survey fee but this hasn't been taken from my account yet.

So nervous about full application as I have 2 satisfied defaults from just under 5 years ago. Mortgage advisor seemed to think this would be ok with Halifax (he has a copy of my credit report) and provided full info for the AIP, which was granted at £50k more than we actually need to borrow. We have 15% deposit which we are hoping will help too.

Will they know whether we have passed credit checking before they book the survey and take the fees?

Just spotted that the survey fee money has been put on hold in my bank account, although not showing on transactions yet. Hoping this is a good sign.

GBNI

GBNI wrote: »

FTB here

Offer accepted 15th October
AIP 23rd October
Forms signed 26th October
Valuation to be arranged today...no date for valuation yet...

Received a letter from my solicitor to say they've got the contract and title deeds from the vendor's solicitor and wanting to know when they will receive details about the mortgage. My mortgage advisor contacted yesterday confirming our solicitor so hopefully they were sent through yesterday!

Sonofapreacherman

Halifax have taken the full £999 arrangement fee and the £425 valuation fee out of my account.
I still haven't heard anything so not quite sure what this means?!

kingstreet

Why are you paying a product fee upfront, if you have doubts over the application?

We routinely advise our clients to add the fee to the loan and pay it off, within any permitted penalty-free overpayment, just after completion.

As we have no idea of the reason for the decline by Nationwide, it's impossible to say what's happening with Halifax, although they do appear to be happy with the application, so far.

I suspect credit card debt being paid off at completion was not the full reason for the decline. It would be unusual if it was.

brettcta

still bleedin waiting

koneko

Sonofapreacherman wrote: »

Hi , we are in a very similar boat. Submitted 28th too, there is a hold in the money for the fee and survey from my bank but not yet taken. I can't afford the £425 valuation fee if I then fail the credit check. We have just been turned down by nationwide so this is our last shot. I don't feel too hopeful :-(

Are you with Halifax too? Our mortgage advisor seems confident with Halifax but I'm really hoping everything is ok. Our survey fee is £665 due to going for the homebuyer survey, so its quite a bit to lose if things fall through.

brettcta

GOT IT! just had a phone call from our mortgage advisor and they're happy with everything and have posted out a mortgage offer.

so so happy.

Sonofapreacherman

Great news brettcta

Sonofapreacherman

kingstreet wrote: »

Why are you paying a product fee upfront, if you have doubts over the application?

We routinely advise our clients to add the fee to the loan and pay it off, within any permitted penalty-free overpayment, just after completion.


Because I just did not know this was advisable. I have the money and thought I would be reducing the amount on my mortgage . I assumed the fee would be taken AFTER the mortgage was arranged not before. My MA didn't advise me otherwise.
I'm gutted now I realise I won't get the money back if the mortgage is refused.