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

Sweepy13

So we had an email yesterday from the underwriter saying they were still waiting for the proof of my partner's middle name, despite him going into branch at the beginning of the week to submit it and being told it was done. Informed our mortgage advisor at branch who is awesome and she's chasing it for us. Underwriter said that it's 'at offer' and this is the last piece of information he needs. Does this mean that basically the offer is done or that he still needs to go through it all?

Sweepy13

kayb3ll wrote: »

Yeah we had the valuation booked txt (I don't really know what that translates to for Scotland?), but the next day we got two txts at basically the same time saying 1. Valuation reviewed 2. Valuation was satisfactory and agreed.

After that it's off to the underwriters. What I did notice was on the Nationwide for Intermediaries website you can see where they are up to with regards to what applications are being marked by seeing when your last document to be submitted was. So I did that to calm my anxious waiting somewhat!

Whereabouts is this on the website? How do you find that out?

missyp123

mr_optamistic wrote: »

Not to sure on dates lol

FTB, applied with barclays using help to buy

DIP with barclays
Offered on property
Offer accepted
Full application
Valuation instructed
4th Feb-Valuation was carried out

Looked on barclays track it and it says they have received the valuation
It then says
Stage:!Valuation:!Valuation Result

Status:!We've received your valuation and your advisor will be in touch.

Anyone had experience with barclays?
Is this a good thing or bad?? Im panicking now

Plus our mortgage advisor asked for our passports the other day for the help to buy but my partners has expired by 7 months, she sent them over still but said they may still want a valid one

If its an issue and she needs a renwal may be worth doing asap. We did two renewals and two new ones for the kids last monday...had them back on the thursday!

Berger_3

Experience of Nationwide so far...

Pretty much a full time job keeping on top of the application, applied online and the document requirements change about 2-3 times per day.

I have to call them each time and clarify what is required only for it to change again later on. The questions are all fairly innocuous and can be resolved easily enough but it makes you wonder how they approach things, its almost as if they look at it 2-3 times a day and think of a new question or query to come back with.

I'm sure one person could sit down and look at it and come back with a serious of questions that could be answered in one go, but at the moment its like a very long tedious game of tennis.


If I wasn't keeping a constant eye on it I dread to think how long it would take and when exactly they would communicate each new requirement to me.

Nationwide_Application

It's just on Nationwide's Intermediary page - they're currently working on FMA received on 2nd February!

Nationwide_Application

Sweepy13 wrote: »

Whereabouts is this on the website? How do you find that out?

It's on Nationwides Intermediary site! It's quite useful. We had a text today confirmed they had received valuation and nothing since (in Scotland so I assume they mean Home Report!) .... just a waiting game now. So from your experience, underwriting process is done prior to valuation??

Sweepy13

Nationwide_Application wrote: »

It's on Nationwides Intermediary site! It's quite useful. We had a text today confirmed they had received valuation and nothing since (in Scotland so I assume they mean Home Report!) .... just a waiting game now. So from your experience, underwriting process is done prior to valuation??

Well from doing lots of reading (mainly on the MSE forums) it seems to be: why book in a valuation (which Nationwide pay for) without already looking at the application and knowing whether or not you're going to accept them? They wouldn't waste the money unless they were sure. So I think the underwriting is done before that, credit check is at DIP stage and then the underwriters go over it once the full application is sent in, before the valuation. Then if the valuation is fine they finalise the offer and put it altogether before sending the final offer out.

That's the way it's seemed to me so far....correct me if I'm wrong though.

Nationwide_Application

Sweepy13 wrote: »

Well from doing lots of reading (mainly on the MSE forums) it seems to be: why book in a valuation (which Nationwide pay for) without already looking at the application and knowing whether or not you're going to accept them? They wouldn't waste the money unless they were sure. So I think the underwriting is done before that, credit check is at DIP stage and then the underwriters go over it once the full application is sent in, before the valuation. Then if the valuation is fine they finalise the offer and put it altogether before sending the final offer out.

That's the way it's seemed to me so far....correct me if I'm wrong though.

That's great - thanks for the advice. Only thing is, Our valuation was booked and carried out within 24hours of the full application was received, just seems very quick for them to have a look through all of our documents!? I hope what you're saying is correct though haha!

Jones87

Nationwide_Application wrote: »

That's great - thanks for the advice. Only thing is, Our valuation was booked and carried out within 24hours of the full application was received, just seems very quick for them to have a look through all of our documents!? I hope what you're saying is correct though haha!

Sometimes it can be that quick! Our valuation was done 48hrs after our full application went in.

Sweepy13

Nationwide_Application wrote: »

That's great - thanks for the advice. Only thing is, Our valuation was booked and carried out within 24hours of the full application was received, just seems very quick for them to have a look through all of our documents!? I hope what you're saying is correct though haha!

Yeah our valuation was done that quick! All the underwriter does is make sure the information on the DIP matches what you've handed in in your full application. If the DIP does the credit check and the underwriter sees all the figures match up, simple! Then it's just see if everything is ok with the valuation and last minute checks before the final offer goes out. Don't forget your DIP can be referred if it's a little more complicated so maybe yours is straightforward like ours!