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

MrWashington

New to the site, searching online because we have been worried ever since we applied for our mortgage. First time buyers using help to buy, all seems to be going well and very fast, we got the mortgage in principle and the HTB authority to proceed within days of applying, had the survey and valuation 5 days later (yesterday) and the broker seems to think we'll get a decision mon/tues, so scared!!! fingers crossed for all of you too!

M.leck

Hi all!

Can't think about anything other than houses at the moment so thought I'd add our situation to the mix.

4.2.2018 - viewed house and put offer in
5.2.2018 - offer accepted, solicitor instructed and application submitted with Santander with broker
6.2.2018 - valuation booked
8.2.2018 - valuation carried out

Now it's just a waiting game! The house is made of concrete which is possibly what's delaying it. There is a chance they'll come back and say they won't lend on it and then we'll have to reapply to Halifax (where the vendor got their mortgage). It's a 100 year old house though so I'm hoping the concrete isn't an issue.

Fingers crossed!

Fisa002

Spendingqueen wrote: »

No advice, I am waiting for the underwriter / surveyor who did our valuation form the bank to come back and say whether they are really valuing it so long below the housing associations price, our valuation has been done and I believe documents have been checked or so it says on system but think this valuation thing is going to drag things out - Hoping for an answer by Friday. Why aren't they booking your valuation? We submitted Monday night and they rung Tuesday morning to book a valuation.

Spending queen have u got anymore updates in your situation?
Finally my application came back from a random Audit at nationwide headiffice. Valuations booked in for next Friday as Im having a homebuyers survey done at the same time. This process is so long-winded !

JBBROWN94

I’m currently playing the waiting game on my mortgage with Nationwide.

Valuation was done on the 02/02/18
Nationwide confirmed they had received it on the same day
Not heard anything since.

Anyone else had experience with Nationwide?

Fisa002

Did you go through a broker or direct?
I guess you could always call them and ask where they are upto with your application? I think you should have heard something by now

[Deleted User]

Well finally after my mortgage advisor at Nationwide chasing it up the survey had just said it was £110k instead of £112k so valuation is fine and they can lend at same rate etc so the process has been taken off hold I think it was Thursday but still haven't heard anything - Seemed to take forever for them to look into valuation but guess only started process 22nd January - Seemed to take just one week last year when we tried to buy a different house before we pulled out.
Hopefully some movement this week.

Fisa002

Spendingqueen wrote: »

Well finally after my mortgage advisor at Nationwide chasing it up the survey had just said it was £110k instead of £112k so valuation is fine and they can lend at same rate etc so the process has been taken off hold I think it was Thursday but still haven't heard anything - Seemed to take forever for them to look into valuation but guess only started process 22nd January - Seemed to take just one week last year when we tried to buy a different house before we pulled out.
Hopefully some movement this week.

Oh so there wasnt an issue with the valuation after all ? Thats brilliant news. Did you get a valuation or survey aswell? Other lenders usually only take a day or two after valuation and they know. It seems nationwide take a while in this case. It took them almost three weeks just to get my valuation done. I really hope it wont be too long after that is done for them to get back.

loobiej1

Hello
Can anyone tell me if i should see soft or hard check on my experian credit report when submitting an application with Nationwide via broker...

so far we did a
DIP- 7/02 - Credit report shows ID soft check
Submitted full application -8/02 - nothing on report as yet?

Thank you

Fisa002

loobiej1 wrote: »

Hello
Can anyone tell me if i should see soft or hard check on my experian credit report when submitting an application with Nationwide via broker...

so far we did a
DIP- 7/02 - Credit report shows ID soft check
Submitted full application -8/02 - nothing on report as yet?

Thank you

I submitted full application on the 24/1 and they have done a soft I’d check. Valuation is next week but no hard check as of yet if that helps. But I think it’s a bit random. They will do both. In what order is anybodys guess

Vman100

JBBROWN94 wrote: »

I’m currently playing the waiting game on my mortgage with Nationwide.

Valuation was done on the 02/02/18
Nationwide confirmed they had received it on the same day
Not heard anything since.

Anyone else had experience with Nationwide?

I had my valuation on 1st Feb. I got and email.from my broker on the 6th to say all Nationwide applications were delayed by 6 days due to the bad weather in Scotland. Thought it was strange so I got them to chase it up but he confirmed the delay again. Still Waiting!

Also regarding the credit checks, I have a soft check on mine with Experian but I think I have a hard check with Noddle. The search on Noddle said 'checking credit application so I'm assuming this is a hard check.