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

x_malibubabe

8/1/18 - AIP
13/2/18 - put in mortgage application through broker with Nationwide FTB.
16/2/18 - valuation done
19/2/18 - credit search shown on file for DIP (not sure what the first one was in Jan as no record on credit file of this!)
20/2/18 - asked for more information, uploaded immediately.
21/2/18 - valuation received and approved
26/2/18 - offer!

So one day under 2 weeks (inc weekends) from application to offer!

Woooooo so happy!

We used a Countrywide mortgage broker through the EA who most posts on the internet say to avoid like the plague, but she's been absolutely fantastic.

Gzw123

Thought I'd share my timeline in case it helps people.

14 Feb- application submitted to Halifax for 5 year fixed rate. Only last month payslips needed from DIP
15 Feb - broker calls to say he miscalculated and can't add fee to mortgage if takes it over 95% so agree bigger deposit.
15 Feb - Halifax ask for proof of deposit statements for last 90 days and sent to broker
20 Feb - chase broker and told building society passbook was too small writing so resent
21 Feb - valuation booked
22 Feb - valuation takes place
26 Feb- chase broker and told need last month's bank statement showing hubby's pay going in and sent through. Mortgage offer an hour later.

Yippee. We bank with Halifax and Bank of Scotland so that probably helped speed up the process.

Fisa002

Well finally its here! The MORTGAGE OFFER from Nationwide. Received a txt this morning at 10.30 then broker called to confirm for the full amount. Heres a full and updated timeline for anyone interested.

Mon 21st
offer accepted on house I love
Tue 22nd
solicitor instructed
Appt with broker
DIP nationwide
Thur 24
full application submitted with NW
Wed 31
NW asked for my bank statements (proof of deposit). Sent same day to broker.
EA calling about progress.
Thur 1 feb
NW wrote to acc for accountants certificate. Sent same day back
Fri 2
Broker called to say case has been sent to Head Office for a !!!8216;random audit!!!8217; and advised to wait until thur next week.
Wed 7
NW book valuation for fri 16 feb
Paid for homebuyers survey on same day as valuation.
Fri 16
Valuation and homebuyers survey takes place.
Mon 19
NW receive valuation and ask for more information from the accountant re- proof of deposit and want to clarify ground rent for property as it!!!8217;s leasehold. Information sent back same day
Fri 23
Txt from NW only received valuation today. Broker says valuation came back ok. Expect offer next week.
Tue 27
Txt from Nationwide Mortgage offfer!

Broker says a hard copy should be received in a few days time. All in all it!!!8217;s taken over a month and a bit. Pretty slow. Especially as the darn random audit was done. But apparently it!!!8217;s normal they do it in 10% of cases and just holds up your application.

Relieved to say the least. Now I can focus on my efforts with the solicitors. Searches are being carried out.

Just want to say thanks to anyone else who is still waiting on a mortgage offer. I know there are a few who will find out any day now. Your advice and support is amazing. Have my fingers x for you all.

Hopefully we can all take over the awaiting to exchange thread in the house buying forum. Good luck guys and girls xxx

loobiej1

Fisa002 wrote: »

Well finally its here! The MORTGAGE OFFER from Nationwide. Received a txt this morning at 10.30 then broker called to confirm for the full amount. Heres a full and updated timeline for anyone interested.

Mon 21st
offer accepted on house I love
Tue 22nd
solicitor instructed
Appt with broker
DIP nationwide
Thur 24
full application submitted with NW
Wed 31
NW asked for my bank statements (proof of deposit). Sent same day to broker.
EA calling about progress.
Thur 1 feb
NW wrote to acc for accountants certificate. Sent same day back
Fri 2
Broker called to say case has been sent to Head Office for a !!!8216;random audit!!!8217; and advised to wait until thur next week.
Wed 7
NW book valuation for fri 16 feb
Paid for homebuyers survey on same day as valuation.
Fri 16
Valuation and homebuyers survey takes place.
Mon 19
NW receive valuation and ask for more information from the accountant re- proof of deposit and want to clarify ground rent for property as it!!!8217;s leasehold. Information sent back same day
Fri 23
Txt from NW only received valuation today. Broker says valuation came back ok. Expect offer next week.
Tue 27
Txt from Nationwide Mortgage offfer!

Broker says a hard copy should be received in a few days time. All in all it!!!8217;s taken over a month and a bit. Pretty slow. Especially as the darn random audit was done. But apparently it!!!8217;s normal they do it in 10% of cases and just holds up your application.

Relieved to say the least. Now I can focus on my efforts with the solicitors. Searches are being carried out.

Just want to say thanks to anyone else who is still waiting on a mortgage offer. I know there are a few who will find out any day now. Your advice and support is amazing. Have my fingers x for you all.

Hopefully we can all take over the awaiting to exchange thread in the house buying forum. Good luck guys and girls xxx

Yayy Congratulations super pleased for you, i will hopefully see you on the other thread soon :j

My broker updated me yesterday saying everything had been assessed other than the valuation which should be done today along with mortgage offer by end of business day today, i haven't heard anything as yet...

Fisa002

loobiej1 wrote: »

Yayy Congratulations super pleased for you, i will hopefully see you on the other thread soon :j

My broker updated me yesterday saying everything had been assessed other than the valuation which should be done today along with mortgage offer by end of business day today, i haven't heard anything as yet...

That’s the same position I was in yesterday. Hope u get that offer any day and definitely see you in the other thread :beer:

jward93

I am pooing my pants...passed the credit scoring now just waiting for the underwriter to do his job! Don't want to face the embarrassment of telling the estate agent I cannot obtain a mortgage!
NatWest have already booked the survey....just worried the few blips on my credit history from when i was young and dumb will come back to haunt me!

loobiej1

Fisa002 wrote: »

That’s the same position I was in yesterday. Hope u get that offer any day and definitely see you in the other thread :beer:

Thank you, i still haven't had any text regarding valuation even though its meant to be ok, i bet i only get it once its passed assessment, did you get one?
I hope i get my offer soon Its been 12 working days today which is what they say online is their current average time from application to offer

Fisa002

loobiej1 wrote: »

Thank you, i still haven't had any text regarding valuation even though its meant to be ok, i bet i only get it once its passed assessment, did you get one?
I hope i get my offer soon Its been 12 working days today which is what they say online is their current average time from application to offer

Ok so valuation was done on 16 feb.
NW txt on Fri 23 feb to say they received it - a week later (then was the weekend) and took 2 working days to evaluate and offer.

Don’t worry about those timelines. They really are nonsecal. Mine must be a record at over 33 days.

Your broker said close of today right? Usually means tomorrow you will find out. X

Fisa002

jward93 wrote: »

I am pooing my pants...passed the credit scoring now just waiting for the underwriter to do his job! Don't want to face the embarrassment of telling the estate agent I cannot obtain a mortgage!
NatWest have already booked the survey....just worried the few blips on my credit history from when i was young and dumb will come back to haunt me!

Dont worry ! Why don’t you post up a full timeline to help others in the same position as yourself. X

loobiej1

Fisa002 wrote: »

Ok so valuation was done on 16 feb.
NW txt on Fri 23 feb to say they received it - a week later (then was the weekend) and took 2 working days to evaluate and offer.

Don’t worry about those timelines. They really are nonsecal. Mine must be a record at over 33 days.

Your broker said close of today right? Usually means tomorrow you will find out. X

Thank you, yes my broker said it was just waiting on valuation been assessed & would hopefully completed by end of business today. I was just worrying as ive had no text regarding valuation that was carried out last Tuesday