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

Jemima2511

Hi all,

Update from earlier post (FTB, 5% deposit on 3 year FR with Clydesdale):

18/6 - offer accepted
27/6 - full application, though documents weren’t sent until 2/7
6/7 - valuation completed
10/7 - passed to underwriter
12/7 - informed underwriter happy to proceed to offer, which should be received next week

All in all, assuming nothing goes wrong with the offer stage, nowhere near as drawn out as I was led to believe it would be with Clydesdale.

heston2014

Hi All

Going through one of the stressful moments of my life, remortgaging LTB to purchase second home.

Complex LTB due to decked access property, broker obtained AIP for LTB and onward purchase. Offer has been accepted, application for LTB submitted yesterday and now waiting anxiously for decision.

LTB with Vida homelands / onward with Halifax but not yet submitted application. Existing mortgage also with Halifax.

Hoping for good news, keeping everything crossed.

studentguy

studentguy wrote: »

Using a broker

Bank: Clydesdale

Offer put in: 19th May
Chain completed: 16th June
Met with broker: 23rd June
Mortgage applied for: 25-27th June (unsure of exact date as it was with our broker who did it)
Informed of Valuation being booked: 2nd July
Valuation booked for: 12th July (big waiting list with all surveyors in area apparently)
Additional documents requested and asking questions as to why my partner was in and out of jobs a couple of years ago (she was temping): 9th July
Now just waiting!

Bank: Clydesdale

Offer put in: 19th May
Chain completed: 16th June
Met with broker: 23rd June
Mortgage applied for: 25-27th June (unsure of exact date as it was with our broker who did it)
Informed of Valuation being booked: 2nd July
First Credit Check: 2nd July
Second Credit Check: 3rd July
Valuation booked for: 12th July (big waiting list with all surveyors in area apparently)
Additional documents requested and asking questions as to why my partner was in and out of jobs a couple of years ago (she was temping): 9th July
Third Credit Check: 15th July
Mortgage Approved: 15th July :T
Awaiting formal mortgage offer

crystal1212

Lender : BM Solutions
Application made by Broker: 11/07/2018
Valuation Instructed on:
Valuation Booked on:
Valuation Date:

Tufa

FTB with HTB London here, a bit cold water with L&C.

09/06 Offer made
12/06 Offer accepted and started to gather all the paperwork to MA
13/06 Mortgage application sent to L&C and from here every day we had to submit different paperwork to them.
21/06 All paperwork been sent finally to Halifax (MA was on holiday, or didn't see my e-mail, etc..)
22/06 ATP Issued (with wrong names)
22/06 Valuation booked in
28/06 Second ATP issued with correct names
29/06 Valuation date
02/07 Valuation rejected, down-valued the flat with an unrealistic price (original purchase price £493k, minus discount £5k, the flat valued to £420k where as no any other new development in 2 mile radius!)
03/07 New mortgage application to Barclays (with wrong names again and info again, notified them, assumed they have corrected it)
06/07 More information needed (L&C didn't forward the information to Barclays)
13/07 More information needed again (apparently the wrong application form flagged up at Barclays as i had no job based since 2015 on the form, which is of course wrong)
16/07 More information needed again (Wife had password protected payslips, and L&C didn't forward the password to Barclays, so had to do another employer referencing)

Today called Barclays directly to get some info as no updates from L&C.
Still no valuation booked, god knows how long this will take..
L&C only helpful and keep you in the loop until you send all the paperwork at the first stage. Once it's passed to the case manager, it is just painful and every time I ask about my case, the CM acts like he is doing a favor to me by answering(IF he is answering). I would let them to their job if they don't mess up my case on various occasion. I will go with a different broker next time for sure... :mad:

studentguy

studentguy wrote: »

Bank: Clydesdale

Offer put in: 19th May
Chain completed: 16th June
Met with broker: 23rd June
Mortgage applied for: 25-27th June (unsure of exact date as it was with our broker who did it)
Informed of Valuation being booked: 2nd July
First Credit Check: 2nd July
Second Credit Check: 3rd July
Valuation booked for: 12th July (big waiting list with all surveyors in area apparently)
Additional documents requested and asking questions as to why my partner was in and out of jobs a couple of years ago (she was temping): 9th July
Third Credit Check: 15th July
Mortgage Approved: 15th July :T
Awaiting formal mortgage offer

Formal mortgage offer received: 20th July

Juniortopp

So full offer given on 12/07/18 and title deeds received.

Just awaiting date if entry.

Thanks for all this support here.

TickTok

Hi all,

FTB here, using L&C and lender is HSBC. Going for 90% LTV with no financial issues, thankfully. It’s a chain-free purchase.

Week 1
-Friday 06/07: Offer accepted (already had DIP)
-Monday 09/07: Solicitor instructed
-Tuesday 10/07: Full application submitted by L&C
-Wednesday 11/07: Documents submitted to L&C branch. Valuation booked for 16/07.
-Friday 13/07: I send L&C updated online statement showing proof of deposit in the a.m.

Week 2
-Monday 16/07: Valuation done. L&C chased me for proof of deposit because case handler didn’t see my email from Friday. I resend, but we’ve now lost 2 working days. :mad:
-Tuesday 17/07: L&C Confirm there are no outstanding queries. Told to expect response by COB Wednesday.

.....Wednesday came and went and no news. I was told HSBC is backlogged by 3 working days, but to expect a response on Friday. It’s Friday and still no news. I’ve freaked myself out by reading all the HSBC application posts, most of which are about how notoriously slow and strict they are. My broker tried to reassure me that they are a lot better now. Worked out teething pains with their systems, etc. I’m trying to maintain perspective and not be anxious because it’s not like I’ve been waiting for weeks like others but still....:(

Meanwhile, I found out the vendor (who hassled me to get the valuation done ASAP) hasn’t even instructed his solicitors and sent the forms for them to prepare the draft contract!:mad: My solicitors won’t start searches until they get the pack, which I understand (and prefer tbh).

Then when I checked the Council’s website to see how long they take to respond to search requests, of course now would be the time they announce a backlog due to staff shortage and technical difficulties. _pale_ So much for a quick sale.

So for now I’ll be directing ALL my angst at the EA to get the vendor moving. The EA has already annoyed me by repeatedly lying about changing the property listing to under offer/ sold STC. Only got around to it yesterday after I threatened to look elsewhere.

Thanks for reading my vent and good luck to everyone who’s still waiting!

heston2014

heston2014 wrote: »

Hi All

Going through one of the stressful moments of my life, remortgaging LTB to purchase second home.

Complex LTB due to decked access property, broker obtained AIP for LTB and onward purchase. Offer has been accepted, application for LTB submitted yesterday and now waiting anxiously for decision.

LTB with Vida homelands / onward with Halifax but not yet submitted application. Existing mortgage also with Halifax.

Hoping for good news, keeping everything crossed.

Let to Buy/remortgage and new purchase timelines (Vida homeloans and Halifax)

DIPs: 02/07/2018
Offer accepted: 13/07/2018
LTB full application submitted: 13/07/2018
Hard credit searched: 16/07/2018
Valuation instructed: 19/07/2018
Purchase full application submitted: 19/07/2018
Hard credit searched: 20/07/2018

Losing sleep every night!

:eek::eek::eek:

Tufa

Tufa wrote: »

FTB with HTB London here, a bit cold water with L&C.

09/06 Offer made
12/06 Offer accepted and started to gather all the paperwork to MA
13/06 Mortgage application sent to L&C and from here every day we had to submit different paperwork to them.
21/06 All paperwork been sent finally to Halifax (MA was on holiday, or didn't see my e-mail, etc..)
22/06 ATP Issued (with wrong names)
22/06 Valuation booked in
28/06 Second ATP issued with correct names
29/06 Valuation date
02/07 Valuation rejected, down-valued the flat with an unrealistic price (original purchase price £493k, minus discount £5k, the flat valued to £420k where as no any other new development in 2 mile radius!)
03/07 New mortgage application to Barclays (with wrong names again and info again, notified them, assumed they have corrected it)
06/07 More information needed (L&C didn't forward the information to Barclays)
13/07 More information needed again (apparently the wrong application form flagged up at Barclays as i had no job based since 2015 on the form, which is of course wrong)
16/07 More information needed again (Wife had password protected payslips, and L&C didn't forward the password to Barclays, so had to do another employer referencing)

Today called Barclays directly to get some info as no updates from L&C.
Still no valuation booked, god knows how long this will take..
L&C only helpful and keep you in the loop until you send all the paperwork at the first stage. Once it's passed to the case manager, it is just painful and every time I ask about my case, the CM acts like he is doing a favor to me by answering(IF he is answering). I would let them to their job if they don't mess up my case on various occasion. I will go with a different broker next time for sure... :mad:

21/07 Text from Barclays, valuation booked for Wednesday. This is after I called them up directly..