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

Pumpkim

Things still painfully slow here!
Definitely think L&C are the ones dragging their feet. Full app was submitted end of July, valuation survey carried out 4th Aug but I didn't know this until I chased for an update last Friday and again on Monday. Then Tuesday the case manager came back with two queries from the lender, one for a payslip I sent to her at the point of full application and another about initials on another document. It seemed strange to me that the lender only made those queries two weeks later, can't help thinking my email to her prompted her to look at the file for the first time and realise there were outstanding queries! I replied with the info within minutes but have only received a response today, 2 days later, saying thanks I'll pass that to the lender!
This is driving me insane. Wish I could deal direct.

UKTelecom

Also getting frustrated with my broker. I gave them all my docs (SA302s, bank statements, declaration) last Friday - said they submitted those to lender on Monday, but having rang the lender direct today they said they hadn't received a thing! I rang the broker and they said oh he may have had an issue uploading them correctly. Deary me - I bet if I had not rang the lender myself I could have been in this same position this time next week...

Lc23

What's this?



Hi,

I am an anxious person as it is, and this mortgage business is not helping! Can anyone offer me advice or help me understand a bit better?

Some info - my girlfriend and i are buying a place. She owns a property which she has sold now stc. I am putting the deposit down and she is using the profit from her house sale for furnishing etc.

New house price £305,000
Deposit £35,000
Help to buy loan for 20% of deposit £61,000
The total deposit is £96,000 meaning we have applied for a mortgage of £209,000.

Went to a mortgage broker who got us an AIP with Halifax for that amount amd submitted full application on the 14th for 35 years. At time of submitting we paid the valuation fee.

On the 15th Halifax called our MB and said they did not think it was financially viable at 35 years but after discussion they agreed to 37 years and scheduled a valuation for the 23rd.

Does this mean they have looked at all the documents and done all the neccessary checks and that providing all is ok with valuation they will offer the mortgage? My MB and girlfriend are very positive that will be the case but i am not sure! I have a few searches on credit file including a hard search from Halifax...

I personally worry i will be declined... i have not been earning for past 5 months as been doing my teacher training. Therefore i have been in my overdraft. Not consistently as i have used savings but part of each month. I also have 2 late payments on a credit card 12 months and 15 months ago from when i was abroad and forgot to make a payment till the day after (stupid i know). Lastly i have a job for september as a qualified teacher but as yet no contract as it will be issued by county in september... the headmaster has written a letter confirming salary staft date job title etc.

My partner earns £6000 more than what my salary will be as of september.

Anyone any thoughts on this? Im going mad waiting to hear!

nikkih72

MrCH wrote: »

If I'm going through a broker who is arranging us a mortgage with Natwest, will they give us the details to log in to the Natwest tracker?

Mine wouldn't, but call Natwest, They are really helpful and will give you all the details after passing security checks. we got offer 2 days after valuation, that was calling them, it took 5 days for letter to come through and tracker to be updated, as it was a weekend ! Good luck

Princey1983

Anybody know what the 'final checks' entail after the survey stage? Is it another credit check??

Thrugelmir

Princey1983 wrote: »

Anybody know what the 'final checks' entail after the survey stage? Is it another credit check??

Ultimately the "application" will need to be signed off by people with the authority to make an offer on the lenders behalf.

Princey1983

Anybody know what the 'final checks' after the survey stage entail? Is it another credit check?

Thrugelmir

Princey1983 wrote: »

Is it another credit check?

Possibly. Spot checks can be undertaken at any time up until completion. .

vixen1980

Update: Valuation came back at price offered so hopefully we will get an offer soon. I've bitten my nails to stumps.

MrCH

Natwest update

11/8 Offer accepted
11/8 DIP put in
14/8 DIP approved
14/8 All docs sent to broker for full app
17/8 survey fee taken out
18/8 email received to say that a survey will be done 23/8