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

WLITC

Just like Chill1977 two posts up, I'm another FTB attempting to buy 40% of a shared ownership apartment. i'm buying off the 2nd phase of the development and saw the original show home last August so was just waiting on them to release this phase.

01/03 - Apartments go on sales/offer
01/03 - Submit my Financial Assessment
04/03 - Approved for Financial assessment
04/03 - Submit my preference form to HA
04/03 - 1st choice accepted
06/03 - Reservation fee paid
07/03 - DIP submitted to Leeds Building Society but refereed
08/03 - DIP Approved
13/03 - Memorandum of sale received via email from HA
14/03 - Solicitors appointed
15/03 - Broker submitted full mortgage application to Leeds Building Society
15/03 - Check application online (via brokers portal) and broker has made several mistakes on everything from addresses to financial info so have emailed them a list of all the errors, hopefully they resolve first thing on Monday.

Now the waiting begins. This phase is going to drive me insane as I have zero patience and hate not being in control or not knowing whats happening. HA want to exchange 12 April so it all needs to happen quite quickly regardless. Bring on a bucket of valium! :rotfl:

eyoung1980

We applied through a broker to Nationwide yesterday morning. Haven’t had a text about valuation yet, our DIP was referred presumably because my other half was declared bankrupt 9 years ago.

We’re hoping it’ll go through ok as we’ve both got good credit records on Experian I paid all credit cards off last May the wait is horrible

septemberbaby

eyoung1980 wrote: »

We applied through a broker to Nationwide yesterday morning. Haven’t had a text about valuation yet, our DIP was referred presumably because my other half was declared bankrupt 9 years ago.

We’re hoping it’ll go through ok as we’ve both got good credit records on Experian I paid all credit cards off last May the wait is horrible

I am so nervous about ours and we are putting our full app in on Tuesday

LittleMac13

-Offer accepted sometime in Feb
-AIP with NatWest 07-Mar-19
-Full application submitted 14-Mar-19

Now the wait...

Viki2410

Thought I would add my timeline below:

23/09/18 - Viewed Plot/Plans
28/09/18 - DIP Received
30/09/18 - Reservation (New Build)
7/12/18 - H2B Application Submitted
12/12/18 - H2B Application Resubmitted due to incorrect sums
17/12/18 - H2B AIP Received
10/01/19 - Paid Solicitors to start searches to show willing as did not want to exchange contracts until March (agreed with Persimmon)
14/02/19 - Received call from Solicitors to say searches have not been done and Solicitor we have been communicating with is actually not looking after our account since December...
14/02/19 - New DIP with Aldermore
15/02/19 - Full Application sent in to Aldermore
15/02/19 - Hard Searches done
18/02/19 - Sent back Signed Declaration and Direct Debit Form and answered questions about outgoings (all happy with that)
18/02/19 - New Solicitors instructed
21/02/19 - Valuation Booked

Annoyingly we're 4 weeks behind where we should be due to the original solicitors not doing what they were paid to do and having to instruct new solicitors. But Aldermore are moving pretty quickly and were lucky that the broker is keeping us updated. I guess next week we will be looking at an update sometime, fingers crossed!

Full Timeline below now we have Exchanged!!

23/09/18 - Viewed Plot/Plans
28/09/18 - DIP Received
30/09/18 - Reservation (New Build)
7/12/18 - H2B Application Submitted
12/12/18 - H2B Application Resubmitted due to incorrect sums
17/12/18 - H2B AIP Received
10/01/19 - Paid Solicitors to start searches to show willing as did not want to exchange contracts until March (agreed with Persimmon)
14/02/19 - Received call from Solicitors to say searches have not been done and Solicitor we have been communicating with is actually not looking after our account since December...
14/02/19 - New DIP with Aldermore
15/02/19 - Full Application sent in to Aldermore
15/02/19 - Hard Searches done
18/02/19 - Sent back Signed Declaration and Direct Debit Form and answered questions about outgoings (all happy with that)
18/02/19 - New Solicitors instructed
18/02/19 - Valuation Booked for 21/02
21/02/19 - Valuation carried out
22/02/19 - MORTGAGE OFFER!
25/02/19 - 08/03/19 - Various paperwork signed and sent back to solicitor
12/03/19 - Authority to Exchange requested
14/03/19 - Authority to Exchange received and EXCHANGE!!

It's been a long process but we're finally exchanged. Stick with it everyone, it will happen! Now we just have to wait til the end of June for completion

lumpyspaceprincess

To update my timeline:

2/3 - second viewing
4/3- offer made
4/3 - offer rejected, buyer countered
4/3 - offer accepted ��
4/3 - new DIP at higher price
7/3 - met with broker
8/3 - mortgage application submitted to Kensington
8/3 - ID, deposit proof received at estate agents, chased broker to send DIP so the house can go off the market
13/3 - pack arrives from sols, fees different so referred back to look into
15/3 - proof of deposit received by Kensington with payslip and p60 also requested. Valuation is now booked
18/3 - EA not sent pack yet as they are waiting on the seller going in to sign something, and she didnt arrive as expected on Saturday. Will update me as soon as possible so pack can go out, and house should go SSTC online following the survey. Which is booked for the 19th!
19/3 - posted instruction to Sols

Barely in the whole thing and already annoyed by delays, hah!

buttonmoon

9/2/19 - view property
11/2/19 - put in an offer and after a bit of toing and frowing it’s accepted
12/2/19 - see broker as need a residential mortgage for new property and BTL mortgage for existing property
12/2/19 - confirmation of DIP for both with Virgin Money
18/2/19 - full mortgage applications submitted
Fingers crossed ��

septemberbaby

buttonmoon wrote: »

9/2/19 - view property
11/2/19 - put in an offer and after a bit of toing and frowing it’s accepted
12/2/19 - see broker as need a residential mortgage for new property and BTL mortgage for existing property
12/2/19 - confirmation of DIP for both with Virgin Money
18/2/19 - full mortgage applications submitted
Fingers crossed ��

seems a long wait a month

buttonmoon

Oops all those dates should be March not Feb! Noticed payment for survey has been taken today so hopefully I should get a call soon

Angelschild

Angelschild wrote: »

Just had an email from Broker stating application has gone in, the nail biting can now begin!


Timeline thus far:
9th Feb - house viewed
11th Feb - first offer made - refused
11th Feb - second offer made
13th Feb - offer accepted
14th Feb - solicitor instructed
28th Feb - initial searches conducted
08th Mar - confirmation full application has been submitted (to Accord)
12th Mar - Valuation takes place
20th Mar - confirmation full offer in the post


Anyone got any specific timings for Accord??


Trying really hard to distract myself at work and not think about it too much!!

Update - just had email from MB letting me know full offer has been issued and has been posted out!!