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

savingbee

Yes I know! if she responded and said she's in the process of getting it signed then fair enough, but to have no response from Friday that's the worst thing. also apparently she already has the contracts, she just needs to sign and return. so fingers crossed they are in the post, but hey il guess il never know. grr! another call awaits tomorrow! x

Dan:_4

savingbee wrote: »

Yes I know! if she responded and said she's in the process of getting it signed then fair enough, but to have no response from Friday that's the worst thing. also apparently she already has the contracts, she just needs to sign and return. so fingers crossed they are in the post, but hey il guess il never know. grr! another call awaits tomorrow! x

I wish you all the best.....hopefully get some good news tomorrow...keep us posted

rizwan567

rizwan567 wrote: »

Can I join? My timeline:

• Offer made: 14 Nov 13.
• Offer accepted: 15 Nov 13.
• Mortgage application made with santander on phone: 15 Nov 13
• Salary slips, ID and initial inquiry form filled & uploaded on online Santander portfolio.
• Full mge application made on the phone with mge consultant on 23 Nov 13.
• Proof of deposit requested and uploaded on my online santander portfolio.
• KFI received in post on 27 Nov 13

On 27 Nov 13, I was told that my application is with the validation team and once validated they will pass it to underwriters. I should expect a reply from underwriters by the end of Friday 29 Nov 13. I did not receive any reply. Today morning I called them and they told me that my application has been passed to head office for the decision! And I should expect reply from them by the end of this week!!!!

I am feeling sick, angry, disappointed etc etc.... They never told it before that this is a part of process and all of a sudden they told me this today. My question here is; is it a normal thing that case is refereed to headoffice during/after underwriters are working on it? OR my case is exceptional? My estate agent is calling my every second day to get the valuation date and I am stuck.

Kindly and please shed some light on the issue to relieve my nerves. Many thanks.

I am declined. Santander headoffice refused my application after conducting audit checks on my application. Reason not given. They told me that my mortgage consultant will call me tomorrow to discuss the refusal. Devastated and gutted.

I approached my local mortgage broker and put a fresh application today with Nationwide. First they successfully got me DIP and then compiled and forwarded full mortgage application with Nationwide and I provided them ID, 3 months bank statement, 3 pay slips, proof of deposit, debit card details to pay valuation fee.

Now, I am worried that how does the refusal from santander affect my application with Nationwide? What is your view on this? And when should I expect underwriter decision from Nationwide?

Santander has wasted my 17 precious days. And I am finding myself of poor standing in front of vendor and estate agent. I still have not told them that I have been declined by Santander! I am waiting to get underwriter's decision from Nationwide before speaking with Estate agent/vendor.

kingstreet

As I said in my response to your PM, there is no record of a decline. All Nationwide will see is a search done by another lender.

A Nationwide application normally sees an accept decision, valuer instructed immediately and supporting documents requested. The documents are accepted within a couple of days and any further requirements identified and obtained. Once the valuation is back, the case would normally be offered within 48 hours.

I would personally have spent more time investigating the reason for the decline, particularly due to "audit checks" in case they are going to come up later in the process with other lenders.

TBH you should have started your own thread, rather than mess about with PMs and get submerged in these "progress" threads then people would be able to see the case issues and the thread unfold, seeing the whole picture at the same time, rather than the dribs and drabs...

LindaBee

savingbee wrote: »

so annoyed.. still no word about vendor signing her contract.. had an arranged completion date of this Friday. was led to believe last week that everything was in place to exchange until I get told no signed contracts! no response from seller since Friday and I'm starting to think the worst! x

OMG, This is AWFUL. :eek: Poor you... I thought you were all done and dusted. I really wish you all the best, and loads of luck.

Crossing fingers and toes for you.

LindaBee

rizwan567 wrote: »

I am declined. Santander headoffice refused my application after conducting audit checks on my application. Reason not given. They told me that my mortgage consultant will call me tomorrow to discuss the refusal. Devastated and gutted.

Hi rizwan,

I am also with Santander, and have been through the mill with them, I think because we have a second mortgaged property, and that one of us is self employed.

We were refused also, but to cut a very long story short, we went through the appeals process, which has made every step painfully slow, but eventually had it agreed, and are now waiting for our valuation to be done on 11/12/13 (ooh look at that date, hope it's a good omen!!)

I wish you luck, its such a sickening, scary process, particularly if you get a refusal.

Do let us know how you get on.

kingstreet

LindaBee wrote: »

a second mortgaged property

Ah. The dreaded retained property form.

It's enough to make me want to lie down in a dark room.

LindaBee

Kingstreet ...haha

It's been a little like that all the way through, for me

savingbee

Good news! I exchanged today! after all my doubting! complete still on Friday xx

Dan:_4

savingbee wrote: »

Good news! I exchanged today! after all my doubting! complete still on Friday xx

Great news!