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

jadebee

Frances109 wrote: »

Still no clue what a full assessment means! Just spoken to our MA who has told us that we should find out the date of the valuation on Monday.

Does anyone know if they would book the valuation in if they were going to decline you? Seems to me a bit stupid to book it in if they were but don't want to get my hopes up just in case!

In the same boat, been told valuation is booked but am I risking heartbreak by letting myself get excited?

kel8686

This post is very helpful heres my time line so far

house on market ( no date was so long )
24.04.17 house sold
25.04.17 told MA we had sold and were actively looking for new house and that they could start looking for mortgage deals for us
26.04.17 instructed conveyor
28.04.17 returned all forms filled in to conveyor
06.05.17 view property love it
08.05.17 first offer turned down second excepted
09.05.17 Ma informed we ready to get a new mortgage
12.05.17 to avoid early repayment fee advised to port mortgage forms sent over
15.05.17 Mortgage app put in get text off santander saying they have it
23.05.17 our buyers pull out they cant get a mortgage (grrrrr) was at this point v worried as we have already spent £450 on searches on new house
24.05.17 Ma emails app waiting for underwriters to check all looking good so far
24.05.17 conveyor says we are still awaiting replys on legal enquires on property we want to buy so have some time to find new buyer
26.05.17 ES calls some1 very keen wanting to view today (mad cleaning happened lol )
27.05.17 resold house and for 2 grand more ( yay )
30.05.17 underwriter has a query , query answered
01.06.17 email Ma as still no updates
02.06.17 new contracts sent to new buyer told we about 2 weeks behind on sale compared to purchase
02.06.17 Ma replies they spent yesterday chasing santander they are running slightly behind ma hoping to hear back today then will email use no word so expect i wont hear nothing till Monday

bit nervous now as our seller wanted to be done in 8 weeks we on week 4 now so not looking good for their time table

kel8686

whats so annoying about first buyer pulling out is that 3 days after we said yes to their offer they were tellin ES who then in turn was telling us if we didnt find some where by then end of that week they were going to pull out , new buyer lives in flats up the top of our road so they will have same address just different door number so im very hopeful they wont pull out they put their mortgage app in Monday of this week so Es told me

LuckyG

Frances109 wrote: »

Still no clue what a full assessment means! Just spoken to our MA who has told us that we should find out the date of the valuation on Monday.

Does anyone know if they would book the valuation in if they were going to decline you? Seems to me a bit stupid to book it in if they were but don't want to get my hopes up just in case!

It depends on what lender you're using. I know that Nationwide instruct the valuation straight away, the application then goes to the underwriters.
On the other hand, some lenders offer subject to valuation so in those instances the valuation is the last thing to be done.

HopefulOne2017

Does anyone know if Barclays/Woolwich instruct valuation before or after they've made a decision? Nervously waiting here 😶

solidsebi

I believe it is after...

Shammi

This Forum is really helping my nerves!
My Timeline:
19th of May - Viewed several houses and loved one!
22nd of May - AIP with Nationwide and offer on house made!
23rd of May - offer on house accepted :j
25th of May - all paper work emailed over to MA.
26th of May - Did not like solicitors so had to find another one:mad:. and MA to delay application till 30th.
30th of May - All forms filled and sent to new solicitor. MA submitted full mortgage application. Nationwide texted to say application received.
2nd of June - Nationwide booked valuation for Monday the 5th of June! :eek::eek::eek:

So now impatiently waiting for results :eek:I love the Nationwide text service bit I keep looking at my phone!

Will update once I hear more. Everything crossed!

Frances109

Frances109 wrote: »

Can't believe we are finally at this stage! Not sure about anyone else but so far this has gone so quickly!!

We are FTB who have been looking at properties for a few weeks for ideas for closer to the end of the year and we have found our perfect starter home!

20th May - Viewed and loved it
22nd May - Offered and was told we wouldn't hear back for 5 working days
23rd May - Offer accepted
25th May - solicitor instructed and memo of sale sent
27th May - Meeting with the mortgage broker
29th May - Mortgage application submitted to nationwide!!!

I'm absolutely petrified we will be rejected as we are so close on our DIP!! Anyone that has any soothing comments please throw them my way as I'm so stressed!!!!

UPDATE! Valuation booked in for tomorrow! Just found out that apparently Nationwide don't check anything before booking it in which seems stupid to me but hey ho, so now I'm even more nervous as that means that HOPEFULLY we should have a mortgage offer by the end of the week..... Every part of my body is currently crossed :rotfl:

dajewo

dajewo wrote: »

We are FTBs, getting a mortgage with NatWest. Gone through the full application in branch on the 27/5, passed the credit check and the application has been submitted to the underwriters.

Yesterday (30/5) I received an email saying that our application has been approved subject to satisfactory valuation, which has now been arranged for 02.06. Still unable to log into the tracker.

So a mini happy-dance for now, but still waiting for the full approval.

Do people normally hold off with instructing their solicitors until mortgage offer is received?

Valuation was done on Friday and today we got out offer. Delighted, relieved and overall impressed with how quickly NatWest turned it around.


The valuation, however, came back stating that timber expert will be sent out to inspect decay to purlin and carry out any work if necessary.

If there is any work needed, who is expected to pay for it?

solidsebi

Shammi wrote: »

This Forum is really helping my nerves!
My Timeline:
19th of May - Viewed several houses and loved one!
22nd of May - AIP with Nationwide and offer on house made!
23rd of May - offer on house accepted :j
25th of May - all paper work emailed over to MA.
26th of May - Did not like solicitors so had to find another one:mad:. and MA to delay application till 30th.
30th of May - All forms filled and sent to new solicitor. MA submitted full mortgage application. Nationwide texted to say application received.
2nd of June - Nationwide booked valuation for Monday the 5th of June! :eek::eek::eek:

So now impatiently waiting for results :eek:I love the Nationwide text service bit I keep looking at my phone!

Will update once I hear more. Everything crossed!

Good luck Shammi.

I put my application in on the 18th May to Nationwide. Valuation was booked the next day - still waiting to get the final text offer from them, but nothing as yet... strap yourself in for the wait as they currently have a 13 working day turnaround on apps. All the best...