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

liquoricet

Think we're right behind you. Application sent to underwriters today, valuation booked for 20th but some good news, we'll keep the interest rate we applied for.

Firsttimebuyers

Application going in with Natwest today


Previously had a DIP for £120k Purchase Price


7/11 Spot a property reduced that afternoon on Rightmove which was previously out of our price range
7/11 View the house
8/11 Offer Accepted for £135k
9/11 New DIP for £135k with Natwest goes through
10/11 Broker is putting in the full application today


Nerves are kicking in now, would be our dream house but not sure we're stretching too far with a 5% deposit

Anna_Rose

I really wana take that opportunity if its available for further process and this gives lot of confident to applicant.

Firsttimebuyers

7/11 Spot a property reduced that afternoon on Rightmove which was previously out of our price range
7/11 View the house
8/11 Offer Accepted for £135k
9/11 New DIP for £135k with Natwest goes through
10/11 Broker is putting in the full application today
10/11 Application in
10/11 Valuation Fee taken from Natwest


Things are moving quite quickly, praying there's no hiccups and they issue an offer before the end of the month!


Edit, Valuation booked in for Monday 13th - amazed at how quick Natwest have been

tkel01

Received Mortgage offer today......so happy!!

Two and a half weeks start to finish with Leeds BS

RedfordML

Anyone been refused one due to gambling online transactions?

Kpossible929

So this may seem like a really stupid question but I’m hoping someone can clarify for me as I’m not fully understanding.

Once you’ve submitted your application with the lender and you’ve paid your valuation fee. Will you know straight away whether your approved (subject to valuation) based on your credit check or whether you’ve been declined or do you have to wait for that?

tkel01

Kpossible929 wrote: »

So this may seem like a really stupid question but I’m hoping someone can clarify for me as I’m not fully understanding.

Once you’ve submitted your application with the lender and you’ve paid your valuation fee. Will you know straight away whether your approved (subject to valuation) based on your credit check or whether you’ve been declined or do you have to wait for that?

It depends on the banks process....Leeds do underwriting then valuation but they book the valuatiin on the day you submit your application but will cancel it if there is a problem....once valuation is done its pretty much a formality.

However i do believe some banks underwrite at the end of the process.....brokers usually kbow how each bank works

kalojac

Ive been following this for a few months now while waiting for our home to receive an offer. Here is my timeline...
18/7 - AIP from Halifax
25/10 - written offer on our house (accepted)
26/10 - refreshed home report carried out on our house (sent to buyer, along with qualified acceptance)
27/10 - offer accepted on house to purchase
30/10 - written offer submitted requesting refreshed home report on property we hope to buy. Sol asks for written acceptance by 10/11 at 5pm
31/10 - All requested docs sent to Broker (2 months payslips, verification of address x 2 each for me and husband, 2 forms of ID to be verified at Post Office (£10.30 per person), both credit files, 2 months bank statements.
8/11 - full application to halifax submitted
8/11 - both credit files show full application search
10/11 - 4.48pm written acceptance received by solicitor no sign of refreshed home report (sol to chase on Monday). Proposed entry date 18/1/18 which my buyer is happy with
10/11 - broker advises that application going well and hopes to get back to us soon.
12/11 - like others on here so nervous/stressed just hoping to get over this final hurdle.

Kysto1301

waiting on application being underwritten. I'm a new IT contractor who is 3 months into a 6 month contract, most lenders look for at least 12 months contracting history but halifax are happy to accept day 1 contractors if you have been in the same industry for over 2 years.

My annual salary is 81,600
Home report value is 200k
offer accepted for 195k
looking to put down 10% deposit.

Nervous!