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

DepositSaver

DepositSaver wrote: »

Had a call from my broker to say mortgage approved, subject to valuation, which should happen sometime next week! Fingers crossed no issues with it!

18/12/2013 Valuation and homebuyers report done
20/12/2013 homebuyers report emailed to me - valuation is what I am paying for the flat! Spoke to broker who tells me Natwest are "assessing the valuation" on Monday 23/12/2013

I went away for Christmas and New Year on 24th and returned home last night to find a letter from Natwest dated 23/12 telling me my mortgage application is approved! I have heard nothing from my solicitor but I don't know if she was at work over the past two weeks. I guess I wait to hear from her? Not entirely sure what I need to do next myself, if anything?

bylromarha

bylromarha wrote: »

Okay - here goes nothing. Will be good to see it typed out I guess in a few months from now.

28/11 - viewed house
28/11 - AIP given by HSBC
30/11 - 2nd house viewed - already had an offer on, so had to decide where to put offers. Offer put in with request of a quick decision.
2/12 - Offer accepted. Mortgage application completed.
3/12 - Paperwork requested taken to branch

17/12 - letter received asking for ID which they already had on file.
30/12 - rang to chase "just going to be passed to credit dept" - decision in 3 - 4 working days. Will call you by Friday 3rd Jan with a decision
6/1/14 - still nothing, so rang to be told that they were "just going to be passed to credit dept" - decision in 3 - 4 working days :eek::eek::eek: Asked to speak to supervisor - he agreed it was far too long and prioritised it for a decision today.

So mortgage formally approved by phone @3.30pm, formal offer letter in the post and surveyors have already rung to confirm EAs details to make an appt for survey.

Solicitors have already completed their searches. How annoying HSBC have taken so long doing their bit.

Din85

Well an interesting day today...

I phoned the broker on Friday to see if there was any news on the valuation, i was told he was off sick and it could be another week yet

Today however, i had an unexpected call from the brokers company... oh the broker arraigning your mortgage no longer works for us :eek::eek::eek:

So we have got you another guy to take over your case and he will contact you soon.

So i said to the admin lady... so do you know where we are then and whats going on ?

Oh i have an offer here :j:j:j

She went over it, only to find the term was incorrect, but for the sake of not mucking about i said dont worry about it, it makes little difference really, she then emailed me a soft copy which i have ! and am supposed to have the hard copy in the next few days.

So later the other half rang Halifax mortgages just to clarify the address to put on our solicitor forms... only to be told that there was a note on the offer which needed amending and it had gone back to the underwriters :shocked:

Now they didn't say what it was, and assured us there was no problem and it would be ammended within 24hrs and the offer reissued.

So now i feel physically sick.

It could be that the broker asked them to amend the term in the couple of hours between our phone calls ? i really don't know

Valuation was bang on, and the offer have is for the correct amount.

Can i just ask you all to please cross everything you can for us ?

I will update again tomorrow what ever the case.

kingstreet

Whatever the issue is, it's nothing to do with the term.

The broker can amend that manually and re-issue the offer himself immediately afterwards.

If it's something they say they have to do it's probably an error on the valuation, or similar.

Din85

kingstreet wrote: »

Whatever the issue is, it's nothing to do with the term.

The broker can amend that manually and re-issue the offer himself immediately afterwards.

If it's something they say they have to do it's probably an error on the valuation, or similar.

God now im more worried !

I have an offer... but will it stick ?

I suppose i will find out tomorrow.:(

kingstreet

We often get problems with valuations. They are usually trivial things, such as the type of property, or the property not being classed as a newbuild when it is, and vice versa.

If it's been offered, I can't think of anything which might cause them to change their mind so soon and it's probably just an error.

Din85

kingstreet wrote: »

We often get problems with valuations. They are usually trivial things, such as the type of property

That's actually quite possible.

The MA is going to update later

Edit... No updates yet, Halifax are saying carry on with the legal side etc and it will be sorted shortly, but they are being extremely cagey about exactly what they are doing.

I have heard the words, "system glitch, resubmit" etc etc.

The hard copy came through in the post today too, but no one wants to say what's actually going on.

kzboard

kzboard wrote: »

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)
07/01/2014 - Contacted by surveyors which NatWest have instructed

So today the surveyors that NatWest have instructed phoned me so that they could get my email address. Good news I thought, if NatWest have instructed a surveyors. I then received the email from the surveyors and they have our surname spelt wrong. :eek: I'll be contacting them as soon as they are open tomorrow, and have also contacted our broker to get him to check NatWest have our name recorded correctly. Fingers crossed it's just the surveyors who made the mistake. In an ideal world they would have noticed and questioned it themselves when I spelt them my email address, which includes my surname!

kzboard

Din85 wrote: »

That's actually quite possible.

The MA is going to update later

Edit... No updates yet, Halifax are saying carry on with the legal side etc and it will be sorted shortly, but they are being extremely cagey about exactly what they are doing.

I have heard the words, "system glitch, resubmit" etc etc.

The hard copy came through in the post today too, but no one wants to say what's actually going on.

Or could it be something simple like there's a bit on the form that includes the broker's name, and now that they've left it needs changing?
Nothing you can do about it if they won't tell you any information I guess, other than sit back and relax

Din85

kzboard wrote: »

Or could it be something simple like there's a bit on the form that includes the broker's name, and now that they've left it needs changing?
Nothing you can do about it if they won't tell you any information I guess, other than sit back and relax

I know... Can't help but worry, still, tomorrow...we should know.... Again.

Edit, just checked experian again (after midnight update) another unrecorded search for the full amount 07/01/14... That could mean something has been done if my understanding of the system is correct (from reading hundreds of kingstreets posts in the last couple of months).