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

Scottycameron1

Does anyone no what NatWest final checks consist of?

Thanks

neo2020

mancdude wrote: »

Like the poster above, I also read the valuation was a standard same day thing for all new applicants to shave time off the overall experience.

This is very possible given the fact that we made the full application on Monday at 5PM and they scheduled the valuation on Tuesday lunch time for Wednesday morning... not out of the woods yet, I suppose.

neo2020

neo2020 wrote: »

This is very possible given the fact that we made the full application on Monday at 5PM and they scheduled the valuation on Tuesday lunch time for Wednesday morning... not out of the woods yet, I suppose.

Update:

- Valuation being done today.
- MA spoke with Santander and confirmed they started the underwriting today.
- I am somehow not nervous. (no idea how this is possible, normally I'd be freaking out)

So yes, Santander definitely book valuations before underwriting.

Bonfire_Bride

Bonfire_Bride wrote: »

20th August: Offer accepted
23rd August: AIP received
30th August: Mortage application submitted.
5th September: Mortgage approved subject to valuation.


** 3 week wait for valuation to happen due to vendors stalling **


3rd October: Valuation Complete
4th October: Mortgage approved and offer letter on the way.


I wish I could be more positive about it all - the mortgage has been so fast with Natwest - seriously impressed with them and our broker.


However, house purchase is in limbo now and at threat of falling through as we have only now been told that the sellers are looking for a property - although we were told it was chain free and had been under this impression sinxe August.

08/10/2016 - PULLED OUT OF PURCHASE (House was sold chain free and 2 months into it, they decide they actually want to purchase somewhere and wont be looking until after Christmas)


08/10/2016 - Offer accepted on new house.


Holding off advising Natwest of change as I dont want to be charged for another valuation until I am super sure this 2nd house purchase is moving in the right direction.


Broker has advised though, that it's pretty easy to do.

neo2020

neo2020 wrote: »

Update:

- Valuation being done today.
- MA spoke with Santander and confirmed they started the underwriting today.
- I am somehow not nervous. (no idea how this is possible, normally I'd be freaking out)

So yes, Santander definitely book valuations before underwriting.

Update #2
- Underwriter approval confirmed
- Valuation done but figure not yet received

All this in the space of a day, fairly sure we'll have a decision by the end of the day, i.e. within 48 hours of application :j

jo3ler

neo2020 wrote: »

Update #2
- Underwriter approval confirmed
- Valuation done but figure not yet received

All this in the space of a day, fairly sure we'll have a decision by the end of the day, i.e. within 48 hours of application :j

Congrats! I got the confirmation today that our case has been agreed and we are just awaiting the valuation results before they release offer!! :T:beer::money:

neo2020

jo3ler wrote: »

Congrats! I got the confirmation today that our case has been agreed and we are just awaiting the valuation results before they release offer!! :T:beer::money:

And the same to you. Still no word on the valuation so far even though it was done at 10AM today... SHOW ME THE MONEY!

neo2020

neo2020 wrote: »

And the same to you. Still no word on the valuation so far even though it was done at 10AM today... SHOW ME THE MONEY!

And finally, mortgage offer confirmed by text. Will wait for full details tomorrow.

:beer:

mancdude

Well done guys that was pretty painless :beer:

Movement today for me has consisted of authority to proceed for help to buy, so underwriting process will commence now. Valuation day hasn't been set as development not open until tomorrow to arrange. Hopefully, pending no queries, I'd imagine the underwriting approval will come through by the weekend having seen your timescales? Here's hoping

neo2020

mancdude wrote: »

Well done guys that was pretty painless :beer:

Movement today for me has consisted of authority to proceed for help to buy, so underwriting process will commence now. Valuation day hasn't been set as development not open until tomorrow to arrange. Hopefully, pending no queries, I'd imagine the underwriting approval will come through by the weekend having seen your timescales? Here's hoping

Yes, or might even be done tomorrow. Good luck with it!