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

DawnCBUk

Hi all!

Anyone have current timescales on Nationwide?
Existing nationwide customer 5 year fixed at killer rate.
High equity sale porting only to avoid stupid 5k redemption fee on 98k.
Self employed now so a bit anxious!!
Offer made and accepted 20/9
Dip 19/9
Full application 26/9
Valuation booked 03/10

Anxiously waiting to see if they want a blood sample to prove I can meet the mortgage I have been double paying all year!!

Prayers appreciated :A:A

mortgage1st

Used Santander's online application as we knew the product we wanted and it's been pretty straight forward and communication has been good, timeline as follows:

18/09 - Application submitted and DIP received
19/09 - Documents requested (payslips, P60 and 3 months bank statements)
20/09 - Query on one doc so had to get another copy
25/09 - Notification to advise application approved
26/09 - Identification pin received to confirm address submitted
26/09 - Message received to advise valuation already done and offer and copy of valuation will be sent with mortgage offer

Kind of a bit weird now as I'm assuming they're putting the valuation report together along with the offer to send out but to get this far in just over a week I'm quite pleased with.

CornwallFTB

CornwallFTB wrote: »

14/09- Got the valuation back and all okay. One more hurdle crossed!

26-09: Still waiting. After the case going to the underwriters last Thursday it now seems our case has been randomly selected for an internal audit. They refuse to say how long this may take which isn't greatly helpful when trying to keep everyone updated on progress.

mortgage1st

I’ve had mine selected for an internal audit as well got a message from Santander today and then called them, they said 9 days from when the app was made which means for me up to 03 October, the wait continues!!

JVennard

Hi how long has Halifax taken from aip to offer for everyone xx

itani

How long does Nationwide usually take once broker submits application?

CornwallFTB

mortgage1st wrote: »

I’ve had mine selected for an internal audit as well got a message from Santander today and then called them, they said 9 days from when the app was made which means for me up to 03 October, the wait continues!!

The wait is the worst bit - def a test of patience!

Charles2988

Hi, my valuation is today, for the new build house. Do they call me or talk to my mortgage advisor?

CornwallFTB

CornwallFTB wrote: »

26-09: Still waiting. After the case going to the underwriters last Thursday it now seems our case has been randomly selected for an internal audit. They refuse to say how long this may take which isn't greatly helpful when trying to keep everyone updated on progress.

27-09: Just been told this morning that our case has been approved and the formal offer doc is on the way :j

mortgage1st

CornwallFTB wrote: »

27-09: Just been told this morning that our case has been approved and the formal offer doc is on the way :j

That's great news, we have had the text / email update advising the below which is now the second time this has appeared on the application tracker so it's really weird but hopefully just formality with this internal audit thing:

We want to let you know that we've received all the documentation we need and your application has been sent to our Underwriters.

We'll be in touch in the next 3 working days with an update.

Fingers crossed we get it before then, we know the valuation has been done and our survey is tomorrow but we don't want to pay our solicitor until we get the official nod. It's quite a stressful experience this waiting for a decision but fingers crossed!!