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

kzboard

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)
10/01/2014 - Valuation and HBR taken place

So hopefully we should get our offer through next week. Tbh I'm not really sure what happens once we have the offer?

kingstreet

Over to solicitor to do legal work.

Offer agreed
Solicitors instructed
Sales memorandum issued by agent
Purchaser applies for mortgage
Vendor's solicitor prepares and issues draft contract
Vendor completes seller's enquiry forms and returns to solicitor
Valuation/survey carried out
Purchaser pays solicitor for searches
Searches requested
Renegotiation of price due to survey findings - if required
Mortgage offer issued <<<
Purchaser's solicitor receives seller's enquiry forms and raises any enquiries
Searches returned
Responses to enquiries
Purchaser visits solicitor to go through paperwork, hand over ID and deposit
Completion date agreed between all parties
Contracts exchanged
Completion takes place.

kzboard

Thanks kingstreet, very useful.

So we'll have to see if the survey or searches bring anything up, and then start doing the really serious stuff with the solicitor!

landt2013

I wish I'd read kingstreet's post a month ago!

jcgalliard

landt2013 wrote: »

I wish I'd read kingstreet's post a month ago!

Ditto!

Very useful.

Kingstreet - Read some of your stuff on MSE and it really is well thought out advice - has really helped a novice like me.

Keep up the great work!

Rainbowbrite

That post is useful, assuming its a timeline in order which it certainly looks like, we should be coming to the end of all that very soon!! So excited!

Just thought I'd share my timeline (so far) as I found these useful when I was waiting for mortgage decision!

As a bit of background we are FTB, and have saved up a 10% deposit using nationwide save to buy.

28/11/13 -first viewing of property.
29/11/13 - completed nationwide DIP online, accepted up to approx 20k more than we needed, phew.
30/11/13 - second, day time viewing of the property.
2/12/13 - first and second offer declined on property.
4/12/13 - offer accepted yay!!
11/12/13 - in person appointment at Nationwide, couldn't be submitted yet as our solicitor wasn't on their panel. Needed to sort solicitor out before it could be submitted.
12/12/13 - changed solicitors (to a nationwide one, included free with our chosen mortgage product), paid mortgage fee and APPLICATION SUBMITTED.
12/12/13 received text to say valuation was booked for 12/12/13 lol
16/12/13 - text and email to say valuation satisfactory.
17/12/13 - email from nationwide to say they need copies of our ID to proceed (these had not been taken because the mortgage advisor said we were ID checked when we opened the save to buy). My dad took the items straight to branch and submitted the items.
20/12/13 ANOTHER email to say that we needed our ID submitted. Phoned the branch to speak directly to our MA who checked and added the ID we had sent directly to our application (she had been off the days prior). She advised now that was done we would probably hear after the weekend.
20/12/13 10pm - text from nationwide to say mortgage was approved!!!!! Didnt expect it til after the weekend and certainly not to arrive at 10pm.

So from application submitted to approval it was 8 days, which potentially may have been less had it not been for the ID confusion.

Very happy with the service we got from nationwide, aside from when my dad submitted the ID and it appeared to go nowhere

Currently in the later stages of the legally stuff and due to move on 31st january.

plumfin

Can I join? I am a first time buyer so incredibly nervous!

03/01 - DIP agreed
4/01 - saw property and fell in love
08/01 - second viewing, just confirmed my feelings
09/01 - first offer rejected, second offer made
10/01 - second offer accepted!!
13/01 - app put in, payslips and ID all verified with the broker

will keep you updated.

Mikuma

Thought I would join in too! First Time buyer so everyone seems to take an age! when in reality its not.

14/12/13 - 1st Viewing
14/12/13 - Offer made
16/12/13 - Offer accepted
16/12/13 - Solicitor instructed
17/12/13 - Mortgage in principle offered
21/12/13 - Signed application, ID and bank statements handed in at local branch
07/01/14 - Mortgage offer made (subject to Valuation) and Booking fee paid
08/01/14 - Confirmation Valuation Booked for 20/01/14
09/01/14 - Mortgage offer received
12/01/14 - Signed Mortgage Offer sent back to HSBC

The solicitors have not done much if anything as of yet so keeping on their backs to keep things moving forward, easier said than done.

Thankfully we are the only one in the chain, the vendors P/X'd their house with a developer so buying direct from them :j

bylromarha

Originally Posted by bylromarha
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
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:

After whinging, mortgage formally approved by phone @3.30pm
Surveyors rang to confirm EAs details to make an appt for survey.


7/1/14-Surveyors rang EA - vendors details passed on. EA rang us to confirm contact made. EA said surveyors want to do job by 16th January.
8/1/14 - Contract package received (minus F+F form)
9/1/14 - Contract package returned
13/1/14 - Rang EA to ask when survey was booked. After phone tennis with EA and vendor and surveyor today, 24th Jan booked. 16th Jan no longer possible due to vendor lack of contact (according to EA)

Still awaiting fixtures and fittings form - chased EA for it and apparently vendor still struggling to fill it in...they've had it since before Christmas...

lee-h

Hi everyone, I got my offer from the Halifax on 23rd December, searches are complete, deed has been signed and phoned them up regarding an incentive query and they said the system has gone back to pre-offer. She said she could see the offer had been issued and it just needed to go back to the underwriter to confirm as the system had "glitched" has anyone heard of this before? No new searches have been made on my credit files and no changes apart from using less credit % than when we got our offer. My solicitor, broker and I haven't had a letter to say offer withdrawn so it just sounds like for formality? I hope so as we've picked the kitchen and everything now and due to exchange contracts next week