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

deegsy

I found out yesterday,
1.the lender sent a form but the address was incorrect
2. the form was resent but another detail was missing
3. 3rd time lucky all details correct but now lender saying signature is too faint.
4. the form is filled out correctly and just needs to be signed but wait............ THE BUYER IS NOW ON HOLIDAY FOR 10 DAYS so unable to sign until back.

so frustrated now so the earliest its another 2-3 weeks before an offer comes through just onto 11 weeks now already.

amyloofoo

Yet more documents requested from Nationwide. It's so hard to not panic! Just want to have an offer in my hand

Natalie1980

Good luck with your valuation @amyloofoo! Sounds like we're at a similar stage - mine's booked for Tuesday.

JJASMINE

Our timeline...

Phone application with Halifax - 11/3/16
Documents sent recorded delivery - 21/3/16
Document confirmation letter - 24/3/16
Halifax confirm they need my SA302 - 29/3/16
Valuation - 30/3/16
Letter received confirming valuation - 1/4/16 (valuation is 40k over what we need it to be for LTV which is 55%)
Phone HMRC who said they actually forgot to be post the SA302s when I phoned for them two weeks ago so they have been reissued - 1/4/16
Phone Halifax who confirm all they're waiting for are SA302s! - 1/4/16

No credit checks are showing on any report and I know Halifax don't do these pre valuation. Please let forms arrive soon so we can get this wait over with!

amyloofoo

Fingers crossed for everyone getting (positive!) answers soon.

AFM, I've just emailed the documents they requested on Friday, and the valuation should take place between 9 and 1 today so anxiously awaiting the results of that. Surely there can't be much more to go?! They already have my life story and every piece of paperwork I've ever received :rotfl: Good luck for tomorrow Natalie.

stonehedge

When do Accord tend to do the full credit search? We submitted our full application two weeks ago and were asked to submit a few extra bits of information last week. The valuation isn't happening until Friday. I was wondering whether the credit search would have happened by now as nothing is showing on Experian as yet.

alice_kate_2

Hi all!

We recently reserved a new build and have started mortgage ball rolling today.

Have applied for a AIP for Woolwich. I'm so nervous as H's earning are literally all over the place as very high commission/bonus focussed so just need to hope they are happy to take that into account!

Hate waiting around - hopefully we can submit the full application ASAP!

kingstreet

Barclays aren't great with variable earnings.

We end up doing the odd case with Barclays here and there, but as a newbuild specialist, they are too slow to meet our builder exchange of contracts requirements.

The lenders we regularly use, commission is usually evidenced by averaging the amounts shown on the latest three months' payslips.

Bonus is taken and averaged from the last two payslips showing the bonus (for example Feb 16 and Feb 15 if bonus is paid annually in Feb).

Where there is low basic and high commission/bonus and 100% of the latter is needed, we use a lender which takes P60 earnings.

alice_kate_2

kingstreet wrote: »

Barclays aren't great with variable earnings.

We end up doing the odd case with Barclays here and there, but as a newbuild specialist, they are too slow to meet our builder exchange of contracts requirements.

The lenders we regularly use, commission is usually evidenced by averaging the amounts shown on the latest three months' payslips.

Bonus is taken and averaged from the last two payslips showing the bonus (for example Feb 16 and Feb 15 if bonus is paid annually in Feb).

Where there is low basic and high commission/bonus and 100% of the latter is needed, we use a lender which takes P60 earnings.

I am worried that my broker isn't great.

He initially said Halifax but then said they wouldn't use the bonus and now he's saying Woolwich will but I'm not sure I'm just not confident to be honest!

Does help to buy affect the mortgage at all?

bambos

Met with our mortgage man at Halifax on Friday, we talked insurances and he couldn't beat what we are currently paying so that put paid to that but he did tell us that Halifax have approved our mortgage and the formal offer is in the post and should arrive this week. Yay.