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

slinger55

slinger55 wrote: »

Valuation done - 26/07/19
Broker received valuation for our offer value 30/07/19
More information about employment requested and sent - 30/07/19

Waiting patiently for a decision now!

MORTGAGE APPROVED- 02/08/19 :beer:

Trussle have been great throughout the process and happy with the 5 year fixed with platform.

heston2014

heston2014 wrote: »

Has your MA provided you with a Key Facts Info upon submitting your app? I think this can be issue before or after submission. In our case, as soon as our app was submitted, our broker sent us a confirmation email along with the KFI which details the product terms etc.
We were also credit checked by the lender as soon as they reviewed our app, the requested payment for valuation a few days later.

Our lender's mortgage process stages are:
Application submitted
Application received (credit checked and payment requested)
Application reviewed (underwriting)
Gone to valuation <--- we've just had this done yesterday
Gone to offer

Good luck, we're also anxiously waiting and this is only part 1 of our mortgages and will be going through the whole thing again with mortgage no. 2 if all goes well with 1 (let to buy). :eek:

Sadly, after almost 4 weeks, we got declined following valuation comments. Have raised a complaint with the lender due to some of the comments in the report were inaccurate.
Our broker is trying another lender. Unfortunately, we have a complex case that's proving more difficult to obtain LTB mortgage due to property restrictions:

Ex council flat (RTB)
Deck access
RTB covenant for another 5 years
40% private ownership in the entire estate

Very few lenders and we're not desperate enough to go for expensive rates either nor is it a great time to sell up!

If it's not meant to be, we will give up trying for LTB and just remortgage since our fixed term is up this year. Hopefully, in a few weeks, I can rejoin this thread with positive news.

scholesfan88

Bit of an update from me:


02/07: AIP recieved through Broker
20/07: Viewed house
22/07: Offer placed £10k under asking
24/07: Offer accepted
25/07: Solicitors instructed
26/07: Full application completed with broker and submitted to The West Brom
29/07: Mortgage application reviewed by Lender and hard credit search completed. Valuation instructed.
31/07: Valuation and survey completed

Chased the broker today and all things financially in terms of affordability etc... have been passed but the lender had sent a query to the surveyor regarding something on the valuation.

Hoping to have a decision by early/mid next week.

Halfie

Thought I would join in this one as we've applied for a mortgage through Masthaven and can't find much about them on the forum in terms of timelines etc. For info we are buying with 65% LTV and are looking to borrow 2.5x our joint salaries. I have a number of defaults and a couple of pay day loans which are all satisfied.

25th July: AIP received through broker
2nd August: Full application submitted (and Masthaven contacted the agent we're buying through the same day)

Jellytot123

Waiting here too..... Aip last Thursday, valuation done Friday and received back.... Requested more info Friday which we submitted and now painfully waiting.
Feeling so stressed with it all, dreading getting declined - this is with nationwide x

dingling68

dingling68 wrote: »

I have had a very long and frustrating journey to get this far on my purchase of a second property by the sea.

I am remortgaging my current home with Halifax to fund the deposit [more than I paid for my first house 30+ years ago :shocked:] and using Halifax again for the purchase of the property.

The property first appeared on Rightmove almost a year ago and I discounted it as too expensive. As it was still on the market in February I had a viewing ... and two days later they dropped the price. My offer was accepted 25/2/19, £5k below the reduced asking price!

As my best friend says "what's meant for you won't go by you" so I have stuck with it [issues with new lease and both solicitors blaming each other etc etc etc] and here I am finally awaiting mortgage offers ... more than 5 months down the line!!!

25/7/19 paperwork received from solicitors acting on the remortgage.

26/7/19 valuation carried out on the property I am purchasing.

Sooo another wait begins ...

Had the most welcome phone call from my MB today to say the mortgages have been offered :j:j:j

I am still waiting on the vendor's solicitor regarding the lease so the light at the end of the tunnel is still a distance away!!

firsttimebuy1

Mortgage application sent Friday morning and have just had news our application and documents are being assessed by the underwriter now and should be done by Wednesday / know if extra documents are needed. Valuation has not yet been instructed but they mentioned it should be in the next day or so!

Just hoping it all goes smooth and quick, handed over every possible document to the mortgage advisor that could be requested and even he said touchwood this should all go through quite quick!

How nerve wracking is it though!

Jessy07

We have applied to Nat West to remortgage and borrow funds to build extension on back of the property. We have passed affordability and credit check.

The Surveyor has been today for valuation. How long does it take for the bank to get back to you?

STRESSED!!!

Jellytot123

Going on from my post earlier we've had confirmation of our mortgage offer via our broker &#55357;&#56842;
Timeline:
1.8.19 applied for mortgage with nationwide and got aip - valuation instructed for 2. 8.19

2.8.19 valuation complete and received back to nationwide. Nationwide requested further info regarding my job

5.8.19 text from nationwide confirming we have an offer!! Broker confirmed for full amount with no conditions.

Super happy and celebrating with a takeaway and a bottle of wine this evening. &#55356;&#57207;

Halfie

Jellytot123 wrote: »

Going on from my post earlier we've had confirmation of our mortgage offer via our broker ��
Timeline:
1.8.19 applied for mortgage with nationwide and got aip - valuation instructed for 2. 8.19

2.8.19 valuation complete and received back to nationwide. Nationwide requested further info regarding my job

5.8.19 text from nationwide confirming we have an offer!! Broker confirmed for full amount with no conditions.

Super happy and celebrating with a takeaway and a bottle of wine this evening. ��

:j:j:j congrats!!