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

obay

I'd join as I'm waiting for everything to come through too; though I ain't sure what is going on but i'm following the dream train!

04/08/2016 - viewed house
04/08/2016 - offer submitted
04/08/2016 - offer accepted

06/08/2016 - mortgage adviser appointed
06/08/2016 - application
07/08/2016 - valuation fee taken

20/08/2016 - more information requested due to being self employed, such as the new HMRC accounts (sa302) was submitted 06/08/2016.

28/08/2016 - valuation refunded for now as they need more information from my accountant.

25/08/2016 - Application put aside to 07/09/2016 for my new accounts to come through.

31/08/2016 - an absolute horrid time getting to accept gift + deposit..

not sure how long it's going to take now but let's hope i'll have this shortly..

obay wrote: »

Application resubmitted - 6/09/2016...
Valuation fee taken - 6/09/2016.

Let's see what happens as they've got everything we can possibly give them, MA thinks that the application will sail through as we are more prepared then when we first started.

Let see how it goes...

12/09/2016 -- more information requested via grandad being the gifting party...

It's getting beyond ridicules now, they're still waiting for my accountant to hurry up in getting the certificate in order... no idea what certificate they need though..

nLdn

5 Sep - Offer accepted
8 Sep - Mortgage Application submitted
12 Sep - Valuation happened

Broker thinks valuation report will be sent to lender today and I should hear a result by the end of the week.

My situation - FTB buying 2 bed flat in london. 85%LTV with Nationwide.

I'm buying alone and am self employed though I'm using a broker who is adamant I'll have no problem having looked at my finances and the various bits of documentation. Still doesn't make the waiting any easier though :-S

charlotte891

@nLdn sounds like we're at a similar point in the process - was meant to get an update yesterday but my broker chased and apparently they're experiencing slow turnaround times for the valuation report to be assessed.

They were able to tell my broker that the valuation report has come out at the expected value, but have promised a 'final update' today...

Jack1976

Hi,

Can anyone help me? I have been given an offer of a mortgage from Virgin Money, my mortgage advisor has told me not to apply for ANY credit or use my visa just incase they run another credit check..

Is it normal for mortgage companies to do this? I was hoping to order a sofa from dfs but i'm a bit worried about it now....

ap1985

Jack1976 wrote: »

Hi,

Can anyone help me? I have been given an offer of a mortgage from Virgin Money, my mortgage advisor has told me not to apply for ANY credit or use my visa just incase they run another credit check..

Is it normal for mortgage companies to do this? I was hoping to order a sofa from dfs but i'm a bit worried about it now....

Jack, Yes it is normal. Up until you get the funds they can do various checks throughout the application process. I have heard even after making an offer they can do credit checks.

obay

obay wrote: »

12/09/2016 -- more information requested via grandad being the gifting party...

It's getting beyond ridicules now, they're still waiting for my accountant to hurry up in getting the certificate in order... no idea what certificate they need though..

13/09/2016 -- more information requested, i suppose this was my fault why this happened, they requested a months worth of bank statements so i gave them the month 9th aug to 9th september.. they requested 9 days today, 1st august - 9th august..

not a problem thought it was my stupid fault anyways..

also, my accountant has had the certificate through that everything is good to go for them - however they're still insisting that my wife is a director even though we have told them, she's not.. So another day, and we'll see.

oh, yeah I also forgot to add that we had our home buyers report today for us come through, but i thought that'll be a bit too early if I am being honest?

considering the valuation hasn't even been done...?

Levs01

obay wrote: »

13/09/2016 -- more information requested, i suppose this was my fault why this happened, they requested a months worth of bank statements so i gave them the month 9th aug to 9th september.. they requested 9 days today, 1st august - 9th august..

not a problem thought it was my stupid fault anyways..

also, my accountant has had the certificate through that everything is good to go for them - however they're still insisting that my wife is a director even though we have told them, she's not.. So another day, and we'll see.

oh, yeah I also forgot to add that we had our home buyers report today for us come through, but i thought that'll be a bit too early if I am being honest?

considering the valuation hasn't even been done...?

The valuation is normally done as part of the homebuyers, at least thats been my experience todate.

They will probably want alot more information before you get to the end of this and probably things you have already given.

We'll get there. Ssooner or later :rotfl:

nLdn

nLdn wrote: »

5 Sep - Offer accepted
8 Sep - Mortgage Application submitted
12 Sep - Valuation happened

Broker thinks valuation report will be sent to lender today and I should hear a result by the end of the week.

My situation - FTB buying 2 bed flat in london. 85%LTV with Nationwide.

I'm buying alone and am self employed though I'm using a broker who is adamant I'll have no problem having looked at my finances and the various bits of documentation. Still doesn't make the waiting any easier though :-S

Ok, so I got my approval through just over an hour ago. Massive relief and unexpected timing - 3 working days from application!

Application submitted Thursday 8 September
Valuation visit Monday 12 September
Valuation approved Tuesday 13 September
Mortgage Approved Tuesday 12 September

Cant wait to get onto solicitor and surveyor tomorrow in move ahead!

obay

Levs01 wrote: »

The valuation is normally done as part of the homebuyers, at least thats been my experience todate.

They will probably want alot more information before you get to the end of this and probably things you have already given.

We'll get there. Ssooner or later :rotfl:

Thanks for the positive updates!! so happy that you told me more information might be required!

Levs01

obay wrote: »

Thanks for the positive updates!! so happy that you told me more information might be required!

15 weeks our application for a remortgage has taken todate, ive learnt to be a bit of a realist. They've asked for copies of our books 3 times, statements twice, docs from the accountant several times. Its beyond laughable at this point. They're not all this bad but expect the worst and if better happens its a bonus.