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

Clarabel87

Thanks for the reply.

I guess it’s because I thought it would be better to have it from an impartial source rather than the lender. I was also a bit worried it might delay the valuation waiting for someone to do a homebuyer survey, but maybe I’m overthinking things

Starting to feel the nerves kick in about applying for the mortgage and ours only went in today :rotfl:

luckofthe_irish

luckofthe_irish wrote: »

Joining up for support as I am a FTB petrified I won't get my mortgage!! I am applying for a 95% mortgage on a freehold property with Halifax.

Timeline so far:
07/10 - saw house and put offer in.
08/10 - initial offer rejected. Revised slightly and reoffered.
09/10 - offer accepted (woop).
10/10 - engaged my mortgage broker.
11/10 - interview with broker and provided ID documentation.
15/10 - decided best mortgage was with Halifax. DIP received.
16/10 - mortgage application submitted to Halifax via broker.
17/10 - Halifax came back asking for further proof of deposit as they weren't happy with online ISA statement and proof that I could cover mortgage fees as I hadn't calculated these in my deposit. I have been very lucky to have been gifted the fee by my parents so I needed them to sign a letter confirming it was a gift. All sent back to Halifax via broker.
18/10 - checked bank account and survey fees have been taken by Halifax.

Is the fact the fees have been taken a good sign?! I am not sure if this is just standard practice or if it is a positive sign!

Update:
14/11 - valuation and home buyers report done.
15/11 - advised by mortgage broker that that valuation came back £2,500 lower than my offer. Went back to vendors and asked if they would reduce offer in line with valuation. They agreed:T!
19/11 - MORTGAGE OFFER RECIEVED:j!

Was pretty worried when the valuation came back lower than my offer but the vendors were so helpful, and totally understood that I wouldn't pay more than the valuation. So exactly a month after submitting the application with Halifax I have my offer. It has seemed MUCH longer than that, but thankfully that part of the process is now settled. Now to deal with the home buyers report, searches and solicitors!

woofdonkey

Clarabel87 wrote: »

Thanks for the reply.

I guess it’s because I thought it would be better to have it from an impartial source rather than the lender.

Lenders don't do valuations, surveyors do.

Unless it's a desktop (automated) valuation in which case you would probably want to organise something a bit more in-depth anyway

We have paid for a separate one this time as our lender does not allow valuations to be upgraded. If you have the option of upgrading, you'll probably find it works out cheaper

chunkytfg

Time to join the queue.

Nationwide application submitted today but quite apprehensive about the valuation report.

House is definitely a doer-upper with damp walls and a small section of floor thats rotten in the kitchen mixed with the fact the house was way overpriced and after beating the owner down to what we consider a more sensible price it is still quite high compared to houses that sell in the area in much better condition. The only saving grace for the house is it is on a much larger plot of land than the others so that should help.

frostynutella

frostynutella wrote: »

FTB with Partner

Mortgage Broker / NatWest

Timeline-

12/10/2018 DIP Agreed with NW
15/10/2018 1st Viewing
29/10/2018 2nd Viewing
02/11/2018 Offer made - counter offer made which we accepted.
10/11/2018 Full Application to NatWest with all docs provided.
12/11/2018 Valuation Fees Taken
14/11/2018 Valuation Carried out
15/11/2018 Query on OH payslip
16/11/2018 Broker says more or less all information has been accepted (including valuation) awaiting response on payslip query but should hopefully have an offer at the start to middle of next week provided the payslip issue is sorted.

So fingers and toes crossed we’ll hear something positive although having seen some of the stories on here we have been quite lucky.

Broker has contacted us to say the offer has been issued and is in the post! :j Over the moon! Now it’s over to the solicitor! Hoping to move in early-mid January. Good Luck to every one still in the process!

Stm1995

FTB alert! We have applied for a mortgage through Leeds with a MA & feeling a tad worried! Got a DIP approved straight away a couple months back & no details have changed apart from credit card balances decreasing due to monthly payments & I accidentally put my wage as £73 less an annum, so I actually earn more!

We got the DIP, got the home report and house valued privately (the sellers did as a private sale), gave ID, 3 months of payslips and bank statements, gift deposit form and declarations. Now waiting on a “retype” of the valuation. Seemingly this is normal practice just to get it straight from the surveyors. They said it saves paying again.

How does everyone think this looks? Just so nervous!

ironmanjason

My timeline so far.. a frustrating one but I suppose cant do anything more!

17/09 DIP from halifax
21/09 first viewing
01/10 second viewing
06/10 third viewing
12/10 - 15/10 offer placed and negotiation and offer acceptance.
17/10 instructed solicitor and purchased home buyer protection
19/10 mortgage dip and application submitted to nationwide
20/10 Text received for survey to be done on 24/10
24/10 Get a call from Estate agent in the morning to say seller is pulling out! Scramble to cancel the survey etc. and back int he market.
27/10 More viewings (about 12 in total) and liked two
30/10 Second viewing on the two shortlisted properties
30/10 offer made on one property
31/10 offer accepted
05/11 Mortgage application submitted
09/11 Call from estate agent to confirm Valuation has been booked for 16/11 (no text received)
09/11 Call from MA to confirm underwriter wanted some more proof for the source of deposit. Duly submitted.
16/11 Call from MA to confirm underwriter wanted even more proof this time surrounding bank statements from my parents as they were gifting some funds.
17/11 Documents supplied to MA and uploaded to the case
20/11 Called Nationwide to complain about not receiving the text/email updates. Was assured technical issue will be fixed.
21/11 Received text and email to confirm valuation was completed and accepted (which means a pass i guess)

still waiting to hear if the underwriter is happy with the documents provided.. meanwhile the solicitors have got the draft contracts and applied and received results for the searches and all ok so far from that front..

Ashers92

Time to join the mix on this after two years of hard saving!

My girlfriend and I, both FTBs, purchasing a new build 2 bed, as shared ownership.

August - Noticed some shared ownership properties popping up on a new development in the area so decided to check them out.
September - Contacted the Housing Association to make enquires and show interest
October - Working in India for a month. Not much happened. Kept pestering for viewings. Put back and back for 'safe access' to site.

06/11 - We finally had a formal viewing of the property. Having took it upon ourselves to visit the property numerous times beforehand, we had a pretty good idea of what to expect and how we wished to proceed. But it was good to actually get inside and see it properly. Offered first refusal to reserve at conclusion of viewing. 24hrs given to confirm.
07/11 - Reservation of the property with deposit payment
08/11 - Reservation forms returned
13/11 - Solicitors instructed
14/11 - Memorandum of Sale issued to all parties
20/11 - Informed draft contract papers will be received by end of week, latest
20/11 - PM - Second meeting with broker, docs handed over for full application with Nationwide
21/11 - AM - Mortgage application completed. Text received to confirm
21/11 - PM - Valuation instructed

Housing Association want exchange within 28 days, so I'm holding out hope that we can complete before Christmas!

woofdonkey

Santander bounced back our application on 16th Nov. We have had no further updates for a full week.
Edit: surprise surprise, another document required!

30 Oct - Application submitted
31 Oct - Bounced back for documents
12 Nov - Documents supplied
13 Nov - Valuation instructed
15 Nov - Bounced back for documents
15 Nov - Documents supplied
15 Nov - Bounced back second time
16 Nov - Documents supplied
19 Nov - Chased
20 Nov - Letter supplied
21 Nov - Chased again
22 Nov - Another letter requested

ironmanjason

ironmanjason wrote: »

My timeline so far.. a frustrating one but I suppose cant do anything more!

17/09 DIP from halifax
21/09 first viewing
01/10 second viewing
06/10 third viewing
12/10 - 15/10 offer placed and negotiation and offer acceptance.
17/10 instructed solicitor and purchased home buyer protection
19/10 mortgage dip and application submitted to nationwide
20/10 Text received for survey to be done on 24/10
24/10 Get a call from Estate agent in the morning to say seller is pulling out! Scramble to cancel the survey etc. and back int he market.
27/10 More viewings (about 12 in total) and liked two
30/10 Second viewing on the two shortlisted properties
30/10 offer made on one property
31/10 offer accepted
05/11 Mortgage application submitted
09/11 Call from estate agent to confirm Valuation has been booked for 16/11 (no text received)
09/11 Call from MA to confirm underwriter wanted some more proof for the source of deposit. Duly submitted.
16/11 Call from MA to confirm underwriter wanted even more proof this time surrounding bank statements from my parents as they were gifting some funds.
17/11 Documents supplied to MA and uploaded to the case
20/11 Called Nationwide to complain about not receiving the text/email updates. Was assured technical issue will be fixed.
21/11 Received text and email to confirm valuation was completed and accepted (which means a pass i guess)

still waiting to hear if the underwriter is happy with the documents provided.. meanwhile the solicitors have got the draft contracts and applied and received results for the searches and all ok so far from that front..

23/11 - Text and email to say Mortgage offer confirmed!! :T:T