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

FTBNow

Still nothing from Santander as yet, arghhhh!! Valuation and documents have been with them since the 4th May for final assessment, further info requested on the 8th and my broker responded and it was passed back to underwriting immediately, and now nothing. Feeling tense still.

FTBlalala

Hi, I have loved all these posts and really appreciate them.

Thought I'd add my experience as it was pretty smooth with Virgin Money arranged through free broker L&C which I've noticed has mixed reviews on here.

Way back in March, AIP with Halifax to start the house hunt, we are both FTB's. I will probably post the whole journey on the House buying thread as we are a few weeks from exchange (I hope!) but see below the mortgage side...

23/04 - Mortgage finder application submitted to L&C
24/04 - L&C adviser phones me to discuss needs and wants
25/04 - L&C provide first recommendation (ending up not being suitable - Clydesdale)
26/04 - L&C provide second recommendation (ticks all boxes - Virgin Money)
27/04 - Morning... Confirm we are happy via email and phone, full application submitted to Virgin Money
30/04 - 10am ish - L&C Case tracking account set up and assigned Case Manager. Awaiting VM to confirm what docs needed.
30/04 - 4pm ish - L&C Case Manager confirms docs needed and sends over DD mandate and declaration to fill out and sign. (Docs needed: Proof of H2B ISA deposit savings for each of us, proof of deposit in normal savings accounts, 3 x latest payslips for each of us, P60 for each of us, signed DD mandate, signed declaration and confirmation of chosen solicitor's)
01/05 - Send all docs requested to L&C Case Manager.
02/05 - Slight mix up with childcare/college fees category, no dependents not childcare, money in that category is for professional education ongoing.
03/05 - Confirmed and resolved query
04-07/05 - Even though it's early days, discover I am not as patient a person as I thought I was. Bank holiday weekend stressing me out :rotfl:
09/05 - Email a polite nudge to Case Manager asking if the valuation has been booked as money has been taken.
09/05 - Afternoon, Case Manager confirms valuation was done YESTERDAY (8/5) and she is going to chase tomorrow for an update and see if further docs are needed.
10/05 - 6pm "Great News - your mortgage offer has been issued". :eek::rotfl::T anxiously awaiting the posted hard copy :T

Now just waiting on the solicitors..... boo

Keeping my fingers crossed for all those waiting!

FTBNow

Received an update from my adviser: the underwriters are behind on cases :mad: and are currently on a 4-5 day turnaround so I should have an update by the end of next week.

Not sure my poor finger nails will hold out for much longer.

SophieP2000

SophieP2000 wrote: »

Hi all new to this thread but am also waiting for our mortgage offer so thought id wait with you all here's a time line below...

Coventry BS AIP approved 16/03 (hard credit check)
Listed our house on the market 21/03
Block viewings 24/03
Hoise sold 26/04 (to first time buyers)
AIP amount increased 04/04
Offer accepted on house 04/04
Full app submitted 09/04
Gazumped on house 10/04
Offer accepted on another house 29/04
Full app submitted again 01/05
Valuation instructed 02/05
Valuation done 08/05

Havent heard anything from our broker and reluctant to chase at the moment!
How has everyone else got on with Coventry BS and how long were u waiting for your mortgage offer?

Hoping not too much longer! !!!129310;!!!129310;:D:D

Update on our case.... received an email from our mortgage advisor yesterday advising us that Coventry BS have come back and undervalued the property we are buying by 25k. We offered 350k which was the asking price (houses sell within days!) and they valued it at 325k.


We are in the process of trying to appeal, so stressed out! Please no comments saying count your blesses you aren't overpaying etc as I know we aren't ! I thought maybe we were overpaying by 5 to 10k max, but not 25k! the valuer they got in was not from the area, and I don't know what he based his findings on, and they won't supply us with a report. The last house sold 18 months ago for £330k, and this house in question was smaller as it didn't have a conservatory whereas ours does, yet they've valued it 5k less, and the house prices have increased in 18 months not decreased! so now we are stressing.


Requested mortgage advisor to fight our case to appeal the valuation, vendor isn't prepared to come down to 325k, we are arranging 3 further estate agent valuations and hoping this helps our case. Vendors are really lovely and have spoken to them direct, but they need the money for the house they purchasing. if the valuation is correct then they will have the same problem if they pull out, so something we all need to think about!


We already lost the first house we were buying as we got gazumped above and beyond what we could afford, we don't want to loose the 2nd one houses don't come up in the area we are looking at very often!!

saant22

helloo!


first time poster here, long time lurker.

we are FTB and are waiting a decision from Natwest.
Fri 27th April reserved a new build, doing HTB.
Fri 4th May submitted application via Broker.
Tues 8th May funds for valuation taken.
Weds 9th may, requested further 3 month pay slips.
Thurs 10th May Valuation carried out.
Fri (today) confirmation Valuation was ok and pay slips will be assed by COB Monday.


Today the sales manager called me to say they are starting to process the sale.


Does this all sound like things are moving in the right direction?!

JanetTee76

I’m also waiting patiently on Coventry BS...
Was hoping to have an answer today!
Good luck!!!

JanetTee76

Broker just called....

Mortgage offer issued at 16:55

datlex

I have got an appointment with Halifax on Tuesday (2 weeks after offer was accepted due to wasting time on a broker..... ). Looking on line they appear to be fairly quick at making decisions.

joanne95

Thought I'd join you

I reserved a new build in February with an expected exchange date of 31st May (completion mid August)
I contacted broker at L&C on 2nd April and they messed me around for a month so I cancelled with them
Spoke to a local recommended broker on Friday 4th May
AIP with Principality - hard search showing on credit report on 4th May
Full application submitted to Principality on 10th May
All documents submitted to broker except for gifted deposit letter as he needs to check with lender what they require in the letter.

Now to wait....

lena_halo

Got out mortgage offer in the post today - woohoo! Full application was made to Nationwide on 31st March. Offer was confirmed to us verbally about 10 days ago but it is definitely good to see everything in writing!

Solicitors confirmed they have it too and have sent us the mortgage deeds for signing. Eek hopefully not too much longer until exchange!!