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

Minkybob

Minkybob wrote: »

The final hiccup was yesterday (16th May) FD say they need to speak to our ID verifiers, possibly due to the company address not being on the paper header but in the body of the document, but really that sounds too silly to believe.

Further updates,

ID check went fine, it was a bit awkward to ask people we only know through work to sit at their desks to wait for a call but it's done now, so that's good.

We now have the homebuyers report (which makes it sound like the house is about to fall down :eek: ) it was carried out on the 19th May which isn't too bad a turnaround.

Still no word from first direct, I would have at least expected a text. The valuation came out at the offer price so were good there.
I feel we are on the (almost) final stretch.

Lastly I'd like to ask advice; when we made an offer on this house we offered 375k and the asking price was 400k, they wanted to move quickly and we are FTB so quicker than if we had something to sell.
The homebuyers report suggested some things that needed doing (electrical and gas certificates) which I understand is customary to ask the vendor to pay for.
I'm fine with that since I don't expect it will be expensive at all, my concern is should there be any vital repairs required should we try and get them to pay?
I feel uneasy about it since we have already had quite a lot of money off them already. I may however just be being a sop and should get over it.

mildredalien

An updated timeline for our HSBC mortgage:

31st March: Application submitted
7th April: HSBC credit check us and request payslips/statements
21st April: HSBC request additional information about an old loan
5th May: HSBC request hard copies of loan agreement etc.
18th May: Mortgage approved subject to valuation
27th May: Valuation completed
28th May: Formal mortgage offer received in the post

Weirdly the offer was posted out before the valuation was completed and is subject to the valuation, not sure why they have done that rather than just wait for the valuation report to be sent to them. We've signed and accepted anyway, I suppose if anything changed they would just send out a revised offer.

dgtazzman

Mainly, surveyors saying gas and electricity are not up to current standards are a normal 'just covering my behind' clause, doesn't mean they are unsafe or need doing. I'd ignore it for now and maybe do them somewhere down the line when something pops up that means work will need to be done anyway.

Strum88

Further update from me:

House Offer Accepted: 4th April
Mortgage Application: 4th April
DIP: 6th April
Underwriters: 13th April
Mortgage Approved (subject to Valuation): 18th April
ID Returned: 30th April
ID re-delivered: 6th May
ID Signed off: 16th May
Mortgage Offer prepared and being sent: 16th May (Still not received)
Valuation/Survey: 24th May
Report received: 1st June

So after being told 2 weeks ago our offer would be sent we still havent received it. Rang last week and was told it had been sent that day, it hadnt. Rang again Friday and the guy said it was in quality check but would be sent that day or Saturday. We still havent received it so will be ringing First Direct yet again after work

On the plus side, the report came back ok, and the solicitors have received all of the searches and had queries answered. Just waiting for the Offer to come through!

yllop1101

We used London and Country, who I thoroughly recommend.
First time buyers, applied for a nationwide mortgage.
Application went in on 17th May
Valuation booked on the 18th of May
Valuation completed on 24th of May
Mortgage offer received on 2nd June!

Absolutely cannot fault anything from the process. We had to submit some proof of ID and my partner had to provide proof of current address, and that was it!

So so chuffed with the process so far, and looking forward to getting our £500 first time buyers cashback from nationwide!

nemofin

We used Martin's mortgage best buys

Decided to go with Nationwide as they offered a good rate and we will get £1250 cash back due to being FTB, current account holders and Help to Buy ISA holders.

DIP approved - 23/5/16
Application submitted - 27/5/16
Valuation booked - 7/6/16

We only needed to supply one pay slip each (so far) as we already bank with them. I'm also on maternity leave so I needed to provide a return to work letter from my employer.

Really pleased with Nationwide so far, they text and email all progress.

Fingers crossed ��

arkenm

DIP: April 6th
Approved subject to valuation: May 25th
Successful Valuation: June 1st
Apparently it is now in the offer que, has anybody had them declined at this stage? I've gone through a broker as I'm self employed it makes it more difficult.

Even though I've been told its agreed subject to valuation and since then I've had a successful valuation I'm still paranoid! Been told I will find out as late as Tuesday!

Anzhelka

arkenm wrote: »

DIP: April 6th
Approved subject to valuation: May 25th
Successful Valuation: June 1st
Apparently it is now in the offer que, has anybody had them declined at this stage? I've gone through a broker as I'm self employed it makes it more difficult.

Even though I've been told its agreed subject to valuation and since then I've had a successful valuation I'm still paranoid! Been told I will find out as late as Tuesday!

Unfortunately you can't be sure until you've got an offer in your hands. We have been declined previously after valuation, because they've found something in our bank account statements. However if you have nothing to hide I think you will be fine. This time we have clear history and account and we've been accepted.

arkenm

Had my mortgage offer through yesterday, all went through good.

Crissi123

Hello Everyone

We applied for our mortgage three weeks ago through a broker with Nationwide. Our mortgage in principle came within a day and survey completed three days later. That was 2 1/2 weeks ago and we still haven't had a mortgage offer from nationwide. Everyday there has been "something missing" from the paperwork that has delayed the process, even through everything had been uploaded to their system. Our broker has been chasing them via email with no luck. Is there anytime I can do to speed things up? Is there a direct underwriter contact? We're so worried we're going to loose the property as its a quick sale. Thanks in advsnce