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

Chanlf91

@Jaden, that timescale seems fairly quickly then. Did Aldermore request any further documents? They've requested original bank statements as we only had the transaction print outs. I'm surprised that they've even looked at our application after a day of submitting it!

We had to pay £325 valuation yesterday once full application went in, it would be nice if they covered all the valuations. I think it's a bit daft having to pay for valuation before you've even been accepted for the mortgage!

Hopefully you'll have some good news before the weekend! You'll have to keep us update!

MrWB

We're waiting for valuation and our offer at the moment...

14/4 - Viewed house.

16/4 - Second viewing with a builder.

17 & 18/4 - Spoke to a few brokers, discounted several but one got my confidence.

19/4 - DIP approved with Halifax. First offer on house rejected (£20k under asking price which had been dropped a month ago by £20k from original asking price in place since November 2017). Seller come back offering to split the difference though which we accepted.

23/4 - Passed across payslips, bank statements, proof of ID, etc to broker and full mortgage application submitted to Halifax. Valuation fee taken. Instructed conveyancer, passed proof of ID, etc but have asked to hold searches until offer in place.

25/5 - (Tomorrow!) - Valuation taking place.

Nervously waiting now!

FTBNow

Our full application for Santander has gone in today. Our AIP went in yesterday and passed with me making them aware of my missed payments and payday loan use: apparently as long as you haven't used them for 3-6 months Santander are fine with it and, at worse, my broker thinks they'll maybe need a letter of explanation of why I resorted to that.

Apparently we've passed their identification check too so fingers crossed it will all go through and fairly quickly. Still nervous though, but my broker keeps assuring me that because we've passed the AIP and been very honest then the underwriters won't have a problem.

Jeden

@Chanlf91 - Unfortunately we seem to be working with the worlds worst mortgage company so they are so slow with letting us know whats going on. All the information I've found out are from Aldermore directly and our builders.

I emailed them yesterday morning asking if they had requested any more paperwork and i'm still yet to get a reply. Ironically I can't stop them contacting me to try to sell me life insurance or home buyers insurance. I wont use them when we come to the end of our fixed term.

I will let you know if we get anymore news. I am hoping for something today! My nerves are shredded. Please keep us updated with how you are getting on also.

Chanlf91

@jeden

Do you not have an adviser? We are going through our adviser, he seems to be on the ball. We got reffered on the DIP so he called them straight away to deal with the issue (partners old CCJ) and they then passed the DIP. My partner is currently taking his bank statements to our adviser to send over then hopefully they'll get back on with it.

After reading these threads I'm pretty sceptical that we'll get an offer for a few weeks yet. It seems the main high street lenders timescales are within a couple of weeks but the lenders such as Aldermore seem to drag their heels . My partner goes to work away for 8 weeks in July so I'm hoping for a completion before then. That's if we even get accepted for the mortgage.

Did you notice when you have the hard credit search from them?

Yes fingers crossed you'll hear something soon! I'm a bag of nerves expecting a knock back from them. My partner has jokingly asked what I'll be doing once we've got the house as at the minute all I'm doing is researching and talking house stuff to him!

Yes keep us all updated and I'll do the same!

Jeden

@Chanlf91 -

Yeah we do have an adviser, however they are a big company so once our mortgage goes to the application stage we get handed over to another team.

I've had an email from them just now finally (after me getting a bit arsey) and they have said they've only requested the p60's and payslips, which was Friday last week and apparently nothing else since, which seems weird.

We had the hard credit search the day after the application went in so a week last Tuesday and the underwriter actually called me directly from Aldermore last Thursday to ask about direct debit dates. She said she would call me today to let me know how things were going as we need to pay for upgrades tomorrow (new build), so we will see if i hear anything.

I really do struggle to see what a broker brings to the table if i'm honest as I feel like i've done all the chasing and all of the emailing and all of the information i've had has been from Aldermore directly or the builders.

Mebethreesee

Joining the wait

Full application went in Friday 20th

Asked for a bit more info proof of last 36 month mortgage payments and balance of current mortgage to be paid when house sells

Asked for proof of separation with me and my husband .. not sure how we do that

Now we wait for the decision!

MrWB

MrWB wrote: »

We're waiting for valuation and our offer at the moment...

14/4 - Viewed house.

16/4 - Second viewing with a builder.

17 & 18/4 - Spoke to a few brokers, discounted several but one got my confidence.

19/4 - DIP approved with Halifax. First offer on house rejected (£20k under asking price which had been dropped a month ago by £20k from original asking price in place since November 2017). Seller come back offering to split the difference though which we accepted.

23/4 - Passed across payslips, bank statements, proof of ID, etc to broker and full mortgage application submitted to Halifax. Valuation fee taken. Instructed conveyancer, passed proof of ID, etc but have asked to hold searches until offer in place.

25/5 - (Tomorrow!) - Valuation taking place.

Nervously waiting now!

So the valuation took place today... And our offer was issued today! Can't believe how quick it's all been...!

The Halifax have been very speedy, and our broker has been amazing.

If there's anyone even thinking about a mortgage, I strongly recommend using a broker - and it's made what I thought would be a daunting process a lot less daunting and cumbersome!

gjheward91

We were told Wednesday would be the day we would have our offer issued, but it turns out my D.O.B was entered incorrectly, so they declined the application, when my MA picked up on this to correct it with them, the case was already locked and no one could access it. They now have their IT team looking into it to reopen to accept and issue the offer

Chanlf91

@jeden

It doesn't sound like you're having the best experience with your Broker! Tbh I can't fault ours at all. He seems more on the ball now we have put our application in. We dropped off bank statements yesterday so we'll see if anything comes back today.

We have told broker and solicitor that we'll go ahead with all the legal work once we've heard from aldermore. Broker said we should hear something by next week.

How is your journey going? Have you heard anything more from aldermore?