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

goaliesmum

Joining in as waiting shreds the nerves


Sat 03 Nov Put house on market
Mon 05 Nov 2 viewings and both put offer in
Wed 07 Nov Agreed price above asking with preferred buyer, view potential property
Thur 08 Nov Put offer in on viewed property
Fri 09 Nov Offer rejected, a former property we liked came back on market, when we viewed it we weren't so impressed.offered again on the other. The seller was holding out for an offer significantly closer to asking price. Quick call to MA and upped our offer.
Sat 10 Nov Offer accepted, over the moon


Mon 12 Nov Instruct Solicitor for sale and purchase
Wed 14 Nov AIP received sent to all parties Full app submitted.
Mon 19 Nov Our house valued for buyer mortgage
Tues 20 Nov Confirmation our buyer is mortgage approved
Tues 27 Nov Mortgage valuation on our new home today and the anxious wait for mortgage offer......


Hope those of you wishing to move pre Christmas get that, it would be ideal for us with 2 weeks off to start the work on our do-er upper.

woofdonkey

Starting to wonder if Satander's mortgage team is breaching its own 'treating customers fairly' guidelines.

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 1 supplied
21 Nov - Chased again
22 Nov - Letter 2 requested
26 Nov - Letter 2 supplied
27 Nov - Bounced back - letter 2 is not long enough, they want letter 3
27 Nov - Letter 3 supplied.

We're still hoping that we can retain our sanity long enough to jump through all of the hoops they present.

skintstudentcardiff

We got good news yesterday!

My husband and I haven't had anywhere near as much waiting as everyone else but we got accepted yesterday and it's been such a relief. Here's our timeline.

24th Oct - Emailed about launch of a new Barratt development (which we were told wasn't launching until next year...)
3rd November - Met with Barratt and reserved a plot
13 November - Met with broker - agreed pursue a mortgage with Nationwide. Application submitted same day, valuation booked for 26th.
26 November - Valuation accepted and mortgage offered immediately.

I'm still in a bit of shock really. I have quite hefty credit cards (but had an excellent score), live in my overdraft and with our last three months' statements having big wedding spending, we were expecting a lot of queries - but nothing. Crossing fingers for everyone still waiting - it's such a stressful time and I can sympathise!xx

QueenPrincess

As I have been watching this thread for a long time I wanted to give my contribution.

DIP put in end of Oct with Halifax via Broker. I am a contractor
19/11 Offer put in & accepted after small negotiation on the same day last week.
22/11 Full application submitted to Halifax. Valuation booked for 26/11
26/11 Call from broker that valuation fine & verbal offer of mortgage. Just waiting for paper work in the post.
Sooo grateful at the speed & ease. I had a baby earlier on in the year but broker reassured me this would not be a problem once I had been working a few months. Nice to know that sacrifices have paid off.
Good luck to every one else waiting, PMA!!

josey135

josey135 wrote: »

Hi,

Oct 8th - Reserved New Build Plot.
Oct 12 - Full application Submitted (text received).
Oct 17 - Builders in touch to say valuation report booked for October 18th.
Oct 18th - Valuation carried out.
Oct 19th - Text from Nationwide to say they have received the valuation.

And we have heard nothing else so far, we will have been waiting 5 weeks on Friday.

Has anyone had to wait this long or is this really unusual?

FINALLY received mortgage offer - just under 7 weeks after application! can relax a bit now!!:T:T:T
good luck to everyone still waiting to hear! xxx

_Amaryllis_

_Amaryllis_ wrote: »

Hello,

I can finally join this thread :j

I'm a first time buyer currently living with my parents. My husband is a full time student so I'm applying in my sole name.

The property I'm trying to buy was previously rented out but the tenants left a couple of months ago and the owner can't be bothered with renting it out anymore so is selling and would like to complete before Christmas. This seems ambitious to me but my MA says it's doable.

3/11 - Viewed house
4/11 - Made offer, £5k below asking price
5/11 - Offer provisionally accepted pending DIP
6/11 - DIP with Natwest
8/11 - Offer formally accepted
9/11 - Instructed solicitors
13/11 - Appointment with MA
13/11 - New DIP with Halifax as MA found new deal
13/11 - Full application with Halifax
15/11 - Letter from surveyors including form to complete, sign and send back
16/11 9AM - Post form back to surveyor
16/11 6PM - Email from EA to say valuation/survey booked for 27/11 (not sure how this happened)

27/11 - Email from MA saying mortgage offer is in the post :beer:

goaliesmum

goaliesmum wrote: »

Joining in as waiting shreds the nerves


Sat 03 Nov Put house on market
Mon 05 Nov 2 viewings and both put offer in
Wed 07 Nov Agreed price above asking with preferred buyer, view potential property
Thur 08 Nov Put offer in on viewed property
Fri 09 Nov Offer rejected, a former property we liked came back on market, when we viewed it we weren't so impressed.offered again on the other. The seller was holding out for an offer significantly closer to asking price. Quick call to MA and upped our offer.
Sat 10 Nov Offer accepted, over the moon


Mon 12 Nov Instruct Solicitor for sale and purchase
Wed 14 Nov AIP received sent to all parties Full app submitted.
Mon 19 Nov Our house valued for buyer mortgage
Tues 20 Nov Confirmation our buyer is mortgage approved
Tues 27 Nov Mortgage valuation on our new home today and the anxious wait for mortgage offer......


Hope those of you wishing to move pre Christmas get that, it would be ideal for us with 2 weeks off to start the work on our do-er upper.

Thurs 29 Nov Email from Lender - Mortgage offered


Solicitor has received Contract from vendor and ordered searches.

woofdonkey

Santander saga continues

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 1 supplied
21 Nov - Chased again
22 Nov - Letter 2 requested
26 Nov - Letter 2 supplied
27 Nov - Bounced back - letter 2 is not long enough, they want letter 3
27 Nov - Letter 3 supplied.
29 Nov - Dropped amount they will lend by £30k, no reason given. Is this an offer? Nobody seems to know.

Edit
29 Nov - Back to underwriting at lower LTV

Mareland6

We were accepted however our house wasn't and a structural inspection was requested by the lender. This was done and sent to the lender last Friday, we were told we'd have a response by yesterday but that has now been extended til Monday.

It is a structural movement issue so our broker said there's a good chance it will be declined, even though the report said it is minor.

This is painful.

DottieDam

woofdonkey wrote: »

Santander saga continues

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 1 supplied
21 Nov - Chased again
22 Nov - Letter 2 requested
26 Nov - Letter 2 supplied
27 Nov - Bounced back - letter 2 is not long enough, they want letter 3
27 Nov - Letter 3 supplied.
29 Nov - Dropped amount they will lend by £30k, no reason given. Is this an offer? Nobody seems to know.

I thought I was having a hard time of it! I feel for you.