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

f0xh0les

EhJack wrote: »

Congratulations to everyone who has successfully had their mortgage offer and good luck to those still waiting!

Our valuation is this Wednesday.. Does anyone know how long after a valuation it takes before receiving an offer?

Usually a matter of just 2 or 3 days if the valuation comes back at the asking price or above.

f0xh0les

Well, in today's news.....

Accord have been waiting to hear back from the MA since 2nd March valuation when they decided, on the underwriting check, that they would drop the offer again..... and she had not answered them.

Oh NO! You all cry in unison, that is terrible, after they mucked you about in February quibbling and making silly reductions on affordability which would mean a difference of £10 a month (??) in repayments, and then deciding they would lend you the full £120k after all!! but over 26.5 years instead of 25 years, and now, at the 11th hour they have dropped the offer again, even though the valuation came back as the same as the asking price...

So, dear readers, by how much are they reducing the offer? £200.00 (there is no shaking head in bewilderment gif)

The offer was supposed to be faxed to the solicitor this afternoon, but I will not hold my breath. At least I know the whys of it all now, but still, pretty shoddy eh?

amyloofoo

Oh FH! That is ridiculous, you must be so frustrated. Hope it's all sorted quickly for you now

MEEEE

Nationwide Valuation done this morning 9.30am.The person said they will send report by end business today.

Me being MEEE just rang to get update I was told report is back but waiting for them to look at it and I should hear by Thursday end of business.

really stressing please advise if at this point I still need to have sleepless nights.
can't wait for Thursday so anxious ....

stonehedge

Might as well join in the fun. Our broker has arranged at least 10 mortgages for my family over the last 15 years. He is very trusted. Lets see if he can get a good service from the famously feared ACCORD

£500k flat 80% LTV. No chain.

AIP 22/3/16
Mortgage app submitted 22/3/16
Paid for valuation and arrangement 22/3/16

Natalie1980

Through my broker:

Applying with Nationwide 57% LTV on a £158,000 property.

21.3.16 - Submitted DIP
21.3.16 - DIP referred to head office
21.3.16 - Full Application submitted

No idea how my broker can submit a full application when there no definitive outcome on the DIP yet - confusing!

Scampy

I hope that is the end of your troubles F0xh0les!

We had our valuation done yesterday and I got the call (and e-mail and text) to say the mortgage offer is in the post today :j I was planning to wait patiently for a response until after the bank holiday so very pleased I don't have to!

I haven't actually seen the offer yet but fingers crossed everything is as it should be, things seem to be going pretty smoothly!

03.03.16 Mortgage application submitted
04.03.16 DIP agreed and documents requested
09.03.16 All documents sent
14.03.16 All documents approved and valuation arranged
21.03.16 Valuation
22.03.16 Offer issued

Natalie1980

Just checked my Experian account and lo a behold, Nationwide have done a credit search, but have the wrong date of birth. Arghhhhhhhhh!

MEEEE

Natalie my unserstanding is Nationwide do credit score at DIP stage .Not sure if they do at full application stage too.but yes lo a behold why did broker not wait for full acceptance of DIP.nway they know better amste it will be okay

MEEEE

@Scampy congrats hope I receive myn too.evaluation was done yesterday morning,rang the nationwide team and they said thy hav valuation report it he said it has to be manually done on system don't know what that means.
But hopefully by tommorw I wil hav response