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

dee4life2005

First Time Buyer,
Offer accepted on house 18/12/2013
Mortgage application submitted (Nationwide), and supporting documentation for earnings sent off (most recent payslip, and I enclosed my P60 to confirm work/home address as not on payslip).

Had phone call today to say that there are no figures on the payslip !! !!!!!!, there most definitely are. I'm thinking that the department dealing with documentation has photocopied the payslip and because of this the security backing is showing through and obscuring the figures. They are now going to have to write to my work for them to confirm my wages etc. Not exactly good news, as everyone involved with payroll at my work is off until 6th Jan as we've already been paid for December.

Hopefully this doesn't impact on the offer, which has a condition that the "subject to mortgage" clause is removed by 17th Jan. If it does then I'll be having words with Nationwide, as there was nothing wrong with the documentation I submitted ... it's their internal process that's prevented it from being accepted. :mad:

Din85

Din85 wrote: »

I will do a proper timeline tomorrow.

But since the call and the funds pending for the valuation today.

4x hits on both mine and the other halfs credit reports.

3x mortgage quotations, and 1x unrecorded enquiry for the loan amount.

20/12/13.

23/12/13, Money for valuation taken by Halifax mortgages,

Also broker fee pending.. now its really time to brick it :eek:

Oh and merry Christmas everybody !

Flashybike1

Flashybike1 wrote: »

Submitted the new payslips and signed all paper work from the mortgage adviser today, fingers cross will hear tomorrow!

Hi everyone, valuation was carried out and mortgage agreed and in the post.

We are looking to complete in the first 2 weeks of February!

Din85

Just had a call from the estate agents to say Halifax have booked a valuation for the second of January !

Also, 27/12/13 shows another enquiry on our experian credit files, though this time it says enquiry rather than unrecorded enquiry ?

kzboard

20/11/2013 - DIP in place
27/11/2013 - First viewing
30/11/2013 - Second viewing
02/12/2013 - Offer made and accepted
05/12/2013 - Instructed solicitor
23/12/2013 - Found out chain complete
24/12/2013 - Completed mortgage app. with broker
30/12/2013 - Sent requested payslips and proof of deposit to broker
31/12/2013 - Broker submitted app. and docs. to mortgage provider (NatWest)

So now we're waiting for the mortgage decision...:o

pinkpiglit

23/10/13: Obtained rough idea of borrowing limit from bank
05/11/13: Offer accepted on property
11/11/13: AIP; application passed to underwriters for review
11/12/13: Mortgage agreed subject to valuation
19/11/13: Valuation completed
24/12/13: Valuation received (satisfactory)
24/12/13: Final underwriting to take place (within 3 working days apparently)
24/12/13: Text msg received a few hours later to say mortgage offer has been issued!!
30/12/13: Mortgage offer received in post. Hooray !

Now we have to exchange and complete.... and hope to goodness nothing happens between now & the exchange date (date tbc). I swear I've grown more grey hairs in the last 3 months than over the last 3 years.

lexilex

09/2013 - Saw property on RightMove, whilst on holiday!
04/10/2013 - First viewing
12/10/2013 - Second viewing.
14/10/2013 - Received London & Country decision in principle.
15/10/2013 - First and second offers made, both rejected.
16/10/2013 - Third offer made, rejected.
28/10/2013 - Met with a local broker, found out DIP from L&C wasn't valid and we would have to wait until end of Nov to get another DIP due to an issue with wage slips.
31/10/2013 - House sold!
09/11/2013 - House reappears on RightMove!
26/11/2013 - Got wage slips needed, met with new broker.
27/11/2013 - DIP with Santander. 85% LTV.
28/11/2013 - Offer finally accepted.
03/12/2013 - Full application with Santander and solicitors instructed.
10/12/2013 - More documents requested.
12/12/2013 - Docs submitted
16/12/2013 - SA302 submitted

And we're still waiting. Hoping everywhere is open and back to normal today. This is getting unbearable!

thenewbee

Can I join?

Initial application with First Direct over telephone - 13/12/2013
Supporting evidence submitted to FD by post - 16/12/2013
Offer accepted - 17/12/2013
Solicitor appointed - 20/12/2013
Sale particulars received - 21/12/2013
Spoke with FD on the phone and received confirmation application has moved to valuation stage - 24/12/2013

So now waiting to hear from bank's surveyors to arrange valuation. We're having our own structural survey done by a different surveyor who's been recommended to us - should we wait until after the bank's has been done? Or arrange them concurrently?

contractor

contractor wrote: »

26/11/13 1st view
28/11/13 both view
29/11/13 offer made/accepted.
01/12/13 complete all dox (ID/forms/statements etc).
02/12/13 send dox to mortgage broker by email
03/12/13 submit Halifax residential and Clydesdale btl applications. Post off ID.
04/12/13 Rental agency comes round to check expected rental
04/12/13 get and email rental letter to broker, confirming rental > 125% of BTL
04/12/13 get solicitors letter laying out timescale, email to broker to send to Clydesdale so they can prioritise the application. All conveyancing searches requested etc.
05/12/13 Solicitor's details swapped. Call from mortgage broker saying I should get EA to call Colley's to bring forward valuation. emailed EA.
06/12/13 EA gets valuation brought forward to 10/12/13
07/12/13 received letter from surveyors. Send back signed solicitor's pack, send back surveyors letter
10/12/13 hbs done (Colleys subbed it out)
11/12/13 halifax offered. Clydesdale application underway, valuation to be arranged
13/12/13 BTL Valuation scheduled for Monday 16th 9am (e-surv).I got a cancellation
14/12/13 Credit check appeared for 14/12/13 on Experian, searched by Clydesdale Bank, First Mortgage, full amount requested

16/12/13 Survey done. Hint from valuer that my estimate is correct
17/12/13 Mortgage approved by Clydesdale subject to value
18/12/13 Offer issued at survey value (not undervalued). Dox received from Optima Legal. Returned signed Halifax deeds to my solicitor. TR2 signed and returned
19/12/13 Clydesdale deeds and instructions sent back to Optima Legal
20/12/13 Offer sent by CB yesterday. Spoke to Optima and arranged completion date for equity release/BTL, spoke to piggy bank and turned the wife upside down to get the deposit together and exchanged today with completion on 10/1/14

02/01/14 Optima completed BTL Clydesdale mortgage, money in my bank

In summary: ~1 month including Christmas to put offer in, get 2 mortgage offers completed and exchange contracts. Hard work but it shows it can be done.

My solicitor has been great (Lambert Pugh)
My broker (power mortgages has been great). I'm an IT contractor.
E-serv were great. Valuation scheduled v.quick and turned around pronto.
Optima legal were great
Halifax and Clydesdale were both great.


The only let down has been Colleys. They subbed it out to Sesame Bankhall/Shepherd Chartered Surveyors. They did the mortgage valuation on the 10th (Halifax offered on the 11th) but my HBS only arrived this morning despite numerous phone calls from 11/12/13 onwards I've raised a complaint with Colleys as they knew it was a repo and under tight timescales and have let me down. I risked exchanging without the HBS and got away with it.

lexilex

lexilex wrote: »

09/2013 - Saw property on RightMove, whilst on holiday!
04/10/2013 - First viewing
12/10/2013 - Second viewing.
14/10/2013 - Received London & Country decision in principle.
15/10/2013 - First and second offers made, both rejected.
16/10/2013 - Third offer made, rejected.
28/10/2013 - Met with a local broker, found out DIP from L&C wasn't valid and we would have to wait until end of Nov to get another DIP due to an issue with wage slips.
31/10/2013 - House sold!
09/11/2013 - House reappears on RightMove!
26/11/2013 - Got wage slips needed, met with new broker.
27/11/2013 - DIP with Santander. 85% LTV.
28/11/2013 - Offer finally accepted.
03/12/2013 - Full application with Santander and solicitors instructed.
10/12/2013 - More documents requested.
12/12/2013 - Docs submitted
16/12/2013 - SA302 submitted, application sent to underwriters.
02/01/2014 - Valuation instructed
03/01/2014 - Valuation carried out and mortgage offer.
04/01/2014 - Solicitors forms returned
05/01/2014 - Homebuyers survey booked.

Things finally seem to be moving now :T