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

RJB89

Westbeef wrote: »

See Mine's taken twice as long to get to this point and I'm still waiting to hear my valuation report. Is this down to my broker or something?

I didn't use a broker but it's probably not down to them. I'm unsure why 2 out of 3 documents have been verified yet my payslip hasn't. They were sent at the same time. Hopefully it's all they're waiting to check and then I'm good to go. Doubt anything will be sorted until Monday at the earliest now, which is fairly.. .:wall:

Mr_Potato

Moosechan wrote: »

Im having a nervous break down at the moment and will do until we hear from precise....think i might see my lunch again before the day is out...............

Thank you Chris_Smith, just panicked me a little as Precise are our last option on the mortgage front...if we don't get this its back to renting again...

Any news yet?

Bee70

I was supposed to find out today, but no news. I guess it will be Monday at the earliest now
Getting to the point where it is the mortgage holding everything up now.

rusty_f

Heard back from broker. Valuation was fine and the loan is still available. He was a bit confused about it the wording of the email (he said it appeared to be system generated) so he'll try and find out more on Monday. I'm taking the wording as good news though.

feds82

Hi there!
We are applying with Natwest as we are upsizing.
My experience so far:
We use a broker. Acceptance in principle on 27th October. Offer accepted for the new property on 2nd November. Signed up mortgage application form on 7th of November.
We are still waiting for any signs, but its still early.. The only thing i could check are 2 credit searches dated 27th October and 10th of November, the first is exactly the date of the AIP. The previous mortgage we took 3 years ago, took more than 3 weeks, so i might as well imagine this one will take the same time.
Good luck everyone

Keely_lewis

Just thought I'd add my our experience. We visited three brokers in September before we made our decision. As the broker we chose was on holiday for nearly three weeks after our initial meeting , during our next meeting we went straight to application with NATWEST
Monday 19th October application went in
Thursday 22nd October requested more docs
Friday 23rd October valuation fee taken
Weds 28th October call from broker to say they were booking valuation
BUT also weds 28th October our seller decided to take the house off the market !!!
Thursday 29th October phone call from Natwest to say we had been put in lost property pile
Thursday 29th October had offer accepted on another house
Friday 30th October ANOTHER valuation fee taken
Friday 6th nov call from broker to say valuation booked for weds 11th not
Friday 13th Nov call from broker to say all ok mortgage had been offered
Saturday 14 got all paperwork through from Natwest.

Apart from the one phone call and receiving paperwork today we have had no other contact at all from Natwest. Everything must have gone through broker. We had not used a broker before but we would definitely use a broker everytime now. He has been well worth his £350 fee as we had some tricky stuff to sort, house sold by wife but new house being bought solely by husband , gifting of deposit, 22 year old living in house affecting amount to be loaned , all sorted by broker finding a lender that would accept all of it . Now just waiting for questions , queries, searches and all other bumps and hoping for Christmas completion.

Gilbert21

Hi Everyone,

Hoping I can join you for some advice, support knowledge / experiences!

So we are moving up the chain with a FTB for our current property and all good on the sale front!
We are buying a new build home using the HTB scheme (equity loan) using a broker - got a DIP from Halifax and application submitted to them on 10th November...
I thought I might have had a decision by now but I think I am maybe being a bit too impatient!

Anyway, I spoke with the broker and they said that Halifax usually verify income and instruct a valuation within 48 hours of receipt of application - but Halifax have not yet verified our income as they wanted more documents.. so here where my anxiety kicks in...

My partners income is made up of a basic salary and a guaranteed allowance (written in to his contract of employment with a government employer who he has worked for for the last 8 years)

My income is made up of part time employment (government employer for the last 14 years) and I am also part self employed as a sole trader with 1 years accounts.

Halifax have requested sight of my P60's from 2013 & 2014 (so to cover my income for the last 3 years) - we went via Halifax as my broker advised us that they consider applications from self employed applicants who only have 1 years accounts. But not I'm concerned that they will want to take an average of my last 3 years income (even though I have been permanently employed with the same employer all that time)? My income has increased each year with the most recent year being the highest so I was hoping they would use my current / most recent years income as otherwise I think it will affect our affordability!
Also surely I'm not as much of a risk as someone who is fully self employed? (At least I'm hoping!)

Valuation fee taken from my account on 11th Nov, but I haven't been advised that the valuer has been instructed yet.

Anyone with any advice or similar experiences?
P60s sent to Halifax on Friday - how much longer until I know whether they are happy with our income??
Also, if affordability was borderline - we knew we were applying for our max, do Halifax tend to simply decline? Or will they offer a different rate or a longer term (applied for 26 years) to bring affordability in line?
We couldn't proceed if they said they will lend less than we have applied for :-(

I'm dreading having to pull out of our sale this far down the line - need to exchange in 3 weeks time :-(

Moosechan_2

Good News... We got the call from our mortgage advisor that our offer is out so yesterday was a fantastic day as not only did we get our mortgage offer we also got to witness our good friends the the knot so we can officially now say we are buying our house

Moosechan_2

Tie the knot even****

mustardtree6

FTB Is this normal?

5/11 Application in principle approved
9/11 Full mortgage application by us
9/11 Surveyor appointed by mortgage company but no valuation as yet
12/11 Mortgage company sent us a text saying solicitors have been appointed but heard nothing yet.

Does that mean that we have passed the credit checks? Not sure what to expect.