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

SeagullFTB

Just spoke to the developer of our new build who confirmed that the valuation is taking place tomorrow. Fingers crossed that it's the last piece of the puzzle and we get an offer soon.


We have a meeting with the developer on Saturday to choose our options for the build (tile colours etc...), but it's really difficult to get excited without the mortgage offer. Is there any realistic chance that our MA might hear from Halifax regarding an offer after the valuation tomorrow?

LuckyG

toc25 wrote: »

Valuation/home buyer report is happening today. Very nervous, just wondered how long it usually takes to hear about the results? We have applied for a mortgage with Natwest.

I was waiting about a week with Nationwide just for the valuation but that was because they'd asked more additional documents. Nationwide didn't actually inform me that the valuation was ok, I had to chase my broker.

I think, on average it takes 48 hours for the homebuyers report to come back so you should hear pretty soon. I think I was just a little unlucky.

Good luck

ses6jwg

Hi guys.

We have our offer in principle from Tesco Bank.

Valuation booked in for 21st June... quite a long wait! They use countrywide surveyors. The valuation fee was £275. Countrywide rang and offered to upgrade to homebuyers report on top for £97 extra so decided to take it up. Not sure if I did the right thing?

Awaiting our pack to send all our documents off. Probably won't get an offer now until July. Hope the valuation goes smoothly as using 5% deposit don't have much wiggle room!!

kel8686

update Ma emailed this morning saying Santander have confirmed they have agreed on application and have now sent it their mortgage centre to issue an offer letter he did say they do one final check and could ask for something else but unlikely said he will be back in touch when he has been emailed the offer , will they be doing the valuation on the property we are buying next ?

Yazmina

ses6jwg wrote: »

Hi guys.

We have our offer in principle from Tesco Bank.

Valuation booked in for 21st June... quite a long wait! They use countrywide surveyors. The valuation fee was £275. Countrywide rang and offered to upgrade to homebuyers report on top for £97 extra so decided to take it up. Not sure if I did the right thing?

Awaiting our pack to send all our documents off. Probably won't get an offer now until July. Hope the valuation goes smoothly as using 5% deposit don't have much wiggle room!!

Sounds reasonable to me for a bit of extra peace of mind. Our Halifax valuation cost £500 and we went for the building survey on top. Application submitted on 22/5 offer confirmed yesterday. :j

Used L&C mortgages.

Shammi

Nationwide called to ask about contract. I told them exactly what was written on letter sent by my boss! She was nice and said she would send email to UW straight away! Pushed back another 48 hours! Great, nice long weekend of waiting now....:(
Vendors won't instruct their solicitors without mortgage offer

toc25

:j YAY so happy and relieved, just got our Mortgage offer by email from Natwest! Have to say I'm very impressed by them and their service. :money:

20/5 natwest mortgage app submitted in branch

22/5 money taken for valuation and got text to say being done 8/06

25/5 Email to say mortgage approved subject to valuation

08/06 Valuation/Survey took place

08/06 Email to say they have received valuation

09/06 Mortgage offer by email :j :T

solidsebi

solidsebi wrote: »

Hi All.

My first post... joined recently after applying for a mortgage and then waiting anxiously for a decision.

My case is slightly complex, as my partner is a sole-trader, and the purchase of the new home involves the sale of an existing home.

Came across this great forum after spending hours online, and found lots of people in a similar situation to me playing the waiting game. Thought i'd share my timeline so far, if it does help anyone else. I am applying via broker:

17/05 - DIP - Nationwide
18/05 - Full application submitted. Text confirmation rcvd.
18/05 - Text rcvd 1hr after application to confirm valuation booked for 19/05
19/05 - Text rcvd confirming valuation report now with Nationwide
27/05 - Hard search performed by Nationwide for Credit App.
---- WAITING ---- BANK HOLIDAY MONDAY ---
31/05 - Broker confirmed case with assesor
01/06 - Broker requested an additional document
02/06 - Broker chased today and clarified some confusion regarding the house I am selling
02/06 - All docs are fine and confusion cleared. Now waiting for 05/06 for hopefully the offer confirmation.

Fingers crossed!

Yaaayyyy! Got a text from Nationwide at 4pm to confirm my mortgage offer!!! Finally, a big sigh of relief. But it's not over yet - lots to go in the process before we move into the new house!

Best of luck to all of those still waiting..

Shammi

solidsebi wrote: »

Yaaayyyy! Got a text from Nationwide at 4pm to confirm my mortgage offer!!! Finally, a big sigh of relief. But it's not over yet - lots to go in the process before we move into the new house!

Best of luck to all of those still waiting..

Yeahhhhhh :beer::T
Congratulations! All the best with the exchange and completion.

betsycat

Hello! Joining the party :wave:

Our timeline so far...

23/05 Offer accepted
25/05 Mortgage application submitted by broker
30/05 Broker requests a bunch more documents for them to have on file
02/06 A couple of queries from the lender regarding a payment (turned out to be bills) and DH's credit card (he'd paid it off since the last statement they'd received)... all answered (though waiting on Lloyds to send us some bank statements)
07/06 Broker receives all remaining docs and says underwriters need to look at them, should take around 4 working days

And now, we wait! Unfortunately, the lender the broker recommended was HSBC, which, having now read a lot of this thread, is filling me with a special kind of dread. I have £10,000+ on a personal loan (with HSBC) that I've been overpaying on for the past year. Plus, our bank statements weren't exactly in tip-top shape – we've been thinking about buying for a couple of years now but my MIL recently offered to help us with a deposit as the area we're buying in is "on the up" so it's all happened quite quickly. So we were slightly unprepared and then found somewhere perfect! If it falls through at any point I think we'll hold off for a few months and get everything a bit more in order.

We've got a full building survey happening next Thursday as the property was built in the 18040s, and underwriters should be done early next week... fingers crossed!! But if it's a no, from what I've seen here Natwest seem to turn things around quickly so maybe we'll give them a shot.