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

Sazzy7

Fisa002 wrote: »

Oh no. They always say on here to avoid those kind of agents like the plague on here. Did you have to pay anything at all? Hopefully your new broker maybe able to help. Doesn’t help to also see another one and get somone else to look simultaneously to ensure your getting the right information and more importantly quickly x

Luckily I only paid £200 for the survey, the broker had fees of £500 but he said he wouldn't charge me until the mortgage went through and hasn't asked me to pay them as yet, which I will be avoiding doing if possible. I feel like he was too greedy for the business, rather than admit it is an area he isn't specialist in (I think perhaps I was his first ever self-employed client) and recommend that I go to someone else. I do that with clients that I don't think I can deliver the best work for. He certainly won't be getting a recommendation from me.

Sazzy7

steph2901 wrote: »

I can finally post on here after months of looking for a house (we've missed out on so many)

I saw a house come up on Right Move on Saturday morning, made an appointment to see it later that day. Made an offer immediately, offer was accepted that evening I contacted a broker on Monday and have received my DIP today. So now I'm just about to send off my bank statements and payslips. Now the waiting and stress begins, keeping my fingers crossed it all goes ok!

Lovely to read everyone's success stories

Fingers crossed for you!

steph2901

Sazzy7 wrote: »

Fingers crossed for you!

Thank you

Alarae

I can finally join in on this board- I certainly need it as I hate waiting!

15 Feb - View house (just back to market), first through the door and offer full asking price
16 Feb - Offer accepted. AIP via L&C.
19 Feb - Send all info to broker for full app.
21 Feb - Try to submit full app- technical glitch.
23 Feb - Full app finally submitted to Santander.
26 Feb - Email over extra documents.
27 Feb - Santander ask for more documents via tracker, no idea what they are. Valuation today.
28 Feb - Speak to broker, something to do with partners bonus' not showing on last 3 payslips. Say it is an annual bonus and send over last 2 bonus payslips to evidence.

...nothing back as Santander has closed offices for the past two days due to snow.

Hoping that they will offer to us as they are the only lender that will lend over 4.75x with second job income which is from zero hours

stripedbanana

Tentatively dipping a toe into this thread after following it for a while!! Buying in Scotland, if that makes a difference to the order of events!

25/1: First visit to broker
6/2: AIP from Natwest
8/2: Viewed house #1
9/2: Solicitor appointed. Closing date for house #1, outbid
16/2: Viewed and offered on house #2
19/2: Offer rejected
27/2: Second offer on house #2
28/2: Closing date offer accepted (yay!)

Have appointment with broker next week (once we're no longer snowed in - worst timing ever!!) to put in full application. Nervous! No idea what kind of timeline to expect so planning to ride out the rollercoaster in here

Blueoctopus

Hi,

Nervously joining the thread here, applied to Nationwide for a genuine bargain price mortgage on Feb 22nd, through a broker, a hard credit check was done, more documents were requested on 23rd Feb.
No valuation has been booked, I know as we are buying from my parents and already rent the house from them.
Fingers firmly crossed as we are right at the limit of affordability (despite the payments being £200 less than we've been paying in rent for over a decade - but that's another rant).
I am a bit worried about the lack of valuation though as everybody else seems to have valuations booked very swiftly with nationwide.

ashe

Blueoctopus wrote: »

Hi,

Nervously joining the thread here, applied to Nationwide for a genuine bargain price mortgage on Feb 22nd, through a broker, a hard credit check was done, more documents were requested on 23rd Feb.
No valuation has been booked, I know as we are buying from my parents and already rent the house from them.
Fingers firmly crossed as we are right at the limit of affordability (despite the payments being £200 less than we've been paying in rent for over a decade - but that's another rant).
I am a bit worried about the lack of valuation though as everybody else seems to have valuations booked very swiftly with nationwide.

Give them a ring and ask?

Blueoctopus

I have rung the broker but they haven't been in for a couple of days because of the weather, hopefully she will be in on Monday.

RaRasputin

I thought I’d update, posted a few months back... still waiting, but nearly there!

Found Property 1, put an offer on, it was accepted in September 2017.
Mortgage offered with non high street Building Society.
Valuation happened, mortgage turned down as property near commercial property.
Halifax offered mortgage, valuation was fine!
Survey threw up all sorts of issues, we couldn't agree on price, so I walked away in December.

Property 2 I offered on just before Christmas and it was accepted!
Mortgage offered again with same non high street building society who said AGAIN they would not lend as they were concerned it was not worth the value offered.
Now Barclays have agreed in principle, so waiting until valuation happens in 1 week and if they indeed accept me and the property.

Start of Feb - Barclays agreed fully, but when valuation happened, they said property was worth £15k less.
Back and forth with vendor and agreed a new sale purchase
Mid Feb - new offer, incorrect details from Barclays, waited for new paperwork
End of Feb - signed, sent deposit, but due to snow, my contract not arrived to solicitor!

So, very very nearly there now, hopefully exchange next week and complete mid to late March!

Maka344

UPDATE:

23rd Jan Full Application
25th Jan Valuation instructed
29th Jan Valuation completed
31st Jan Valuation accepted by CB and broker said they are willing to lend at the requested amount
7th Feb Broker requested declaration and direct debit mandate to be signed and a copy of my employment contract (requested by CB)
12th Feb husband hard credit search but nothing on my file
14th Feb CB requested details of my employment history and my last two year p60's
20th Broker told us that CB have verbally told him it is approved over the phone and offer should be the end of the week but of course, they are Scotland based and they have been impacted by the snow. My broker keeps saying as of yet, there's no offer and won't commit to anything beyond that. So we are a little confused and really need to arrange the building survey