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

wjr4

sparkly_momma wrote: »

Joining in!

FTB, £200k house with 10%deposit. We are buying off my parents and have been living in the home for the last 15mths so it will be a huge relief when it is actually ours!

22/7: approached L&C for initial quotes and advice

26/7: broker responds to say he is passing the case to a colleague as he hasn't the experience to deal with a case like ours, and we will struggle to get a mortgage with our income and because we had some minor bad credit that although had dropped off our credit file (over 6yrs old) was still going to appear to lenders. Cue tears and general desperation in our household!!

27/7: new L&C broker calls, hasn't a clue what the other guy was on about and said we were a textbook applicant. Affordability very comfortable, advised HSBC and nationwide were the best options.

28/7: decide to proceed with nationwide.
28/7: DIP received, monthly payments slightly higher than we want so ask for slightly longer term to decrease payment.

29/7: revised DIP received

At this point we decided to wait and see if the interest rates will change so delay application. We think over the weekend and calculate the difference in payments if nationwide did adjust their fixed rate to reflect a drop in the base rate and decide it's not worth worrying about £25 a month so instruct broker to proceed.

2/8: full application submitted
3/8: nationwide requests Proof of gifted deposit form
4/8: valuation booked for 10/8
5/8: solicitors instructed
10/8: valuation done,
10/8:nationwide have requested original documents to prove my husband's military pensions (they've only had copies so far). 2-3day wait for those to be processed once received so anticipating a delay now until next week
10/8: gifted deposit forms accepted

The fixed rate for Nationwide wouldn't be affected as it takes into account future interest rate changes anyway - or so I've been told hope all goes well!!

Jamie_Cortez

:j:j

Natwest finally sent us the offer through today so mortgage is in the bag.

Downside I got ours sent to us via email, and the conveyancer won't accept this and wants to wait for his paper copy to arrive by snail mail.

But progress is progress! Almost at the finish line.

wjr4

Jamie_Cortez wrote: »

:j:j

Natwest finally sent us the offer through today so mortgage is in the bag.

Downside I got ours sent to us via email, and the conveyancer won't accept this and wants to wait for his paper copy to arrive by snail mail.

But progress is progress! Almost at the finish line.

Congrats!!!!!!!! :j :j

steph2901

Still no mortgage decision and today I had a call from my solicitor to say my buyer is pulling out on Friday unless he gets a completion date, which of course I can't give

I think I may have to give up trying to buy this house and just rent. So stressed, worst moving experience ever!

Jamie_Cortez

Chase them, I was on the phone to Natwest every day asking for an update, explaining that our rental ends on August 31st etc etc.

As to the buyer, you'll have to attempt to placate them by explaining where your at and your trying to get the lender moving (assuming the phone call to lender doesn't include any surprises)

wjr4

Update: Accepted today!! Now we just have to wait for the surveyor to carry that out next week & the solicitors! :j :j :j :j

cazzyd

rjw4 wrote: »

Yep luckily!
Update:
09/08 - Nationwide took the confirmation of overtime via the broker via email - now it has been brought back into affordability - no idea how they came up with the original overtime figure! Re-scheduled independent surveyor to survey the house next week!
09/08 - Nationwide requested last month's bank statements for partner & I to prove salary going into account. All fine for me but they have not asked for my partner's most recent 2 week payslips so unsure if we send his bank statement they will get confused (they don't seem to be using common sense much!!). Hoping if I send his bank statement today then it will be fine but it will take another two days to even get a response if they need his latest 2 payslips!! Will keep you all updated. Hoping the end of this week goes a bit better than the start of the week!

Just saw your last messgae!!! YAYAY!

An update on ours, my partner rang the broker yesterday, they confirmed the house is being surveyed tomorrow...shame...I've been getting stuck into gutting the place, only day I havent been is Monday as I was too tired because I went to Wembley on Sunday :T:T:T:T so I can't go tomorrow...at least in the morning anyway.

Once its been surveyed...it should take up to 4-5 days to receive the offer...but judging by the threads on here...it may be less time than that. Apparently then its in the lap of the solicitor to sort all the necessary paperwork...but I know she has it all ready...and the house is ready to go! Exciting! I want to move in with a couple of weeks before I go back to work in September! Fingers and toes crossed I get my wish...last thing I need is to be all stressed when I go back to work...otherwise I'll be spending all day wishing I can get on with house stuff...which is bad because my classroom is also being decorated:mad::mad::mad::mad::mad:

Jamie_Cortez wrote: »

:j:j

Natwest finally sent us the offer through today so mortgage is in the bag.

Downside I got ours sent to us via email, and the conveyancer won't accept this and wants to wait for his paper copy to arrive by snail mail.

But progress is progress! Almost at the finish line.

at least its well on the way congratulations

steph2901 wrote: »

Still no mortgage decision and today I had a call from my solicitor to say my buyer is pulling out on Friday unless he gets a completion date, which of course I can't give

I think I may have to give up trying to buy this house and just rent. So stressed, worst moving experience ever!

Try not to give up...many times with the issues with our house, I very nearly walked away...is there a reason the seller isn't prepared to wait? He'll just be cutting his nose off to spite his face if he does...they know your mortgage is nearly there right...tell your lender to hurry up!!!

wjr4

cazzyd wrote: »

Just saw your last messgae!!! YAYAY!

An update on ours, my partner rang the broker yesterday, they confirmed the house is being surveyed tomorrow...shame...I've been getting stuck into gutting the place, only day I havent been is Monday as I was too tired because I went to Wembley on Sunday :T:T:T:T so I can't go tomorrow...at least in the morning anyway.

Once its been surveyed...it should take up to 4-5 days to receive the offer...but judging by the threads on here...it may be less time than that. Apparently then its in the lap of the solicitor to sort all the necessary paperwork...but I know she has it all ready...and the house is ready to go! Exciting! I want to move in with a couple of weeks before I go back to work in September! Fingers and toes crossed I get my wish...last thing I need is to be all stressed when I go back to work...otherwise I'll be spending all day wishing I can get on with house stuff...which is bad because my classroom is also being decorated:mad::mad::mad::mad:

Yayyyyy so close!! I'm not worried about going to the surveys even though I probably should! I wouldn't have a clue what it all means anyway! Got some paperwork from the solicitor yesterday and it's like reading a foreign language!! Really hope you get your offer quickly!

cazzyd

rjw4 wrote: »

Yayyyyy so close!! I'm not worried about going to the surveys even though I probably should! I wouldn't have a clue what it all means anyway! Got some paperwork from the solicitor yesterday and it's like reading a foreign language!! Really hope you get your offer quickly!

I know what you mean, we've already had searched done by the solicitor on account of the fact we've been through this process once before...I don't understand half of it....all I know is...once I sign the paperwork with the solicitor..I'll be the happiest I've ever been. I've thought about the personal journey I've been on for the last 19 months...it's been the worst time of my life...but I had to get through that to get to where we're going to be soon...and that's making me feel better.

MrsMoodypants

Hello :j

Completely stressed out ftb (Scotland)

After a mortgage in principle, Halifax decided to offer 20k less than we needed :eek:

We paid off our Barclays credit card in June and my husbands credit report is still showing the account active and not payed off. Barclays don't understand how its not been updated but are going to send out a letter to confirm its been paid and closed. Apparently should of been updated at the end of July. Halifax done their credit searches this week.

So I think this is what has spooked Halifax.

Absolutely gutted.

Mortgage advisor is now arranging things with Natwest. And I can now only assume if they actually accept us we now won't get as good a rate as Halifax were offering.

However we have just been gifted 5k. So can now add that to our deposit.

Hoping Natwest are as quick as Halifax with an answer. Hopefully a mortgage in principal either today or Tuesday. And maybe even a final offer by the end of next weeks.

Feel like I may have packed my house up for no reason :wall: