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

Firsttimebuyers

Kpossible929 wrote: »

We’ve just had a phone call from the valuers to say they need us to sign some terms and conditions. I’m hoping we’re accepted subject to valuation because I don’t want to be paying the valuers to find out we can’t get it for some other reason

We had our valuation and homebuyers survey done on Monday, and we only got queries from the underwriter on our application Monday afternoon, so we're running the risk ourselves that we've paid out £442 to get declined - although I believe Natwest refund the fee (less admin fee) in some circumstances, dependent on the reason for the decline, not sure about other banks

Frarubvio

Well im more confused since speaking to my mortgage advisor.
He said he got an email frim natwest requesting my card details to pay for the valuation ? That was done 1 week ago. I assumed it was free as he never mentioned paying for it at all but obv i dont mind but why didnt i have to pay for it sooner ? He didnt say what stage my application was at , he said hed ask when he called them back with my card details.
The payment is now showing pending on my bank account, it was £198.
Its been 9 days since full application was submitted and 7 days since valuation was done

chrissie83

Our MA rang, NatWest rang him & the mortgage is underwritten & approved subject to satisfactory valuation :eek: sooo relieved although I know it’s not a done deal yet. Our 25 payslips were only received this morning as well so they are very quick at the moment!

Frarubvio

Thats gr8 chrissie

Frarubvio

Anyone any idea why id be charged £198 a week after valuation was done ?

JaneyLouWho

Are you sure the valuation has been carried out? Sounds to me as though your broker dropped a ball and only submitted the full application today.

JaneyLouWho

Fab news Chrissie!

kingstreet

Frarubvio wrote: »

Anyone any idea why id be charged £198 a week after valuation was done ?

£198 is the valuation and valuation admin fee for a property valuation/purchase price from £0 to £100,000.

Frarubvio

Okay thanks kingstreet. Do you know why i wasnt charged at the start of the process but 9 days in ?

Frarubvio

Yes because its my parents house im buying and my mum told me the man was there last thursday for a good 45 mins so its def been done