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

Keepclimbingthathill

Getting impatient waiting so thought I would join in -

16/7 DIP from Masthaven
30/7 all-requested documents sent
1/8 Application submitted
7/8 Request for info on home improvement and waiver for non dependent and reason for previous arrears.
7/8 part of valuation fee refunded as lender did an AVM valuation.
14/8 update - currently in the underwriters queue

Hopefully the next time I hear anything it will be good news

Halfie

Keepclimbingthathill wrote: »

Getting impatient waiting so thought I would join in -

16/7 DIP from Masthaven
30/7 all-requested documents sent
1/8 Application submitted
7/8 Request for info on home improvement and waiver for non dependent and reason for previous arrears.
7/8 part of valuation fee refunded as lender did an AVM valuation.
14/8 update - currently in the underwriters queue

Hopefully the next time I hear anything it will be good news

We’re going through Masthaven too and a couple of days behind you. Application submitted 2/8, they requested certified copies of wage slips Friday 9th (delay was because my broker was away). They are now saying they want to proceed to valuation. Assuming the do the underwriting after valuation rather than before?

lc8

Abbey10 wrote: »

**UPDATE**

19 Jul 2019- Reserved plot with agreement to complete 18 Aug 2019
31 Jul 2019- AIP from Halifax. Broker advised new rates from NatWest expected soon so recommended to hold off to see what they are
06 Aug 2019- AIP from NatWest (better rates)
06 Aug 2019- Full application to NatWest
10 Aug 2019- HTB authority to proceed granted
12 Aug 2019- Valuation booked for 15 Aug 2019

Does anyone know roughly how long it takes between the valuation and decision/offer from NatWest? Other than the valuation booking I have heard nothing from them, should I expect requests or is the valuation done after all checks are complete? I had a look online and it had valuation as step 3 but then said "final checks" so I'm now confused!

I think ours took two working days for the valuation report to be looked at and signed off. if you have access to the mortgage tracker it will show you how many outstanding / open actions there are. For us, payslips and bank statement were reviewed and ticked off, with just the valuation outstanding. But I found the tracker a little behind, as in, my MA advised me of our offer being issued before the tracker was updated. hope this helps, but I did find the Natwest process really quick.

Keepclimbingthathill

Halfie wrote: »

We’re going through Masthaven too and a couple of days behind you. Application submitted 2/8, they requested certified copies of wage slips Friday 9th (delay was because my broker was away). They are now saying they want to proceed to valuation. Assuming the do the underwriting after valuation rather than before?

That sounds positive I think once it goes to valuation as long as nothing comes up your close to getting an offer.Its so nerve racking I can’t get too excited just in case they say no. But my broker did ask them not to do the valuation if there was any issues ( they only did an online one anyway so I don’t know if that counts) Here’s to another day checking my emails every 5 minutes :rotfl:

Halfie

Keepclimbingthathill wrote: »

That sounds positive I think once it goes to valuation as long as nothing comes up your close to getting an offer.Its so nerve racking I can’t get too excited just in case they say no. But my broker did ask them not to do the valuation if there was any issues ( they only did an online one anyway so I don’t know if that counts) Here’s to another day checking my emails every 5 minutes :rotfl:

Oooh I have my fingers firmly crossed for you that tomorrow is the day! 🤞🏻🤞🏻🤞🏻

Abbey10

lc8 wrote: »

I think ours took two working days for the valuation report to be looked at and signed off. if you have access to the mortgage tracker it will show you how many outstanding / open actions there are. For us, payslips and bank statement were reviewed and ticked off, with just the valuation outstanding. But I found the tracker a little behind, as in, my MA advised me of our offer being issued before the tracker was updated. hope this helps, but I did find the Natwest process really quick.

Thanks for the reply! Our broker has access to the tracker. We have hit a bit of a speed bump in that NatWest are querying my partners tax info. There's a minor difference between two of his documents (were talking pennies!) and this is actually due to HMRC software so we are now waiting on a letter from HMRC to explain the difference and confirm that the figures submitted to NatWest are those that HMRC hold.

Fingers crossed everything else works out fine and it will just be this letter to get everything finalised.

Bozzer89

So our valuation was done on Tuesday and aldermore recieved their stuff from surveyors yesterday. Our broker rang aldermore yesterday and they said they had recieved it and that everything he had sent of ours wage slips etc etc were all good so now it's just a waiting game.

Broker is hoping for an offer by end of week he said.

Also recieved something from solicitors 22page questionnaire today so going to get that done and sent off also.

Fingers crossed ��������

Conniflowerxo

Quick update on my situation.

Surveyors finally turned up on the 13th but no report has been submitted as of yet. MB is chasing it for us but we had been told we’d hear on the 21st so not getting our hopes up.

How’s everyone else getting on?

TiberUK

Hello everyone. First time poster (and first time buyer!) I have been reading through this thread to help keep myself sane (its 3am on a Saturday morning and I have work at 9am, so I will let you judge how well that is working) so I thought I would post my story.

Unlike what feels like just about every other person in this thread, we are not using a mortgage broker. We attempted to buy a house a few months ago but this fell apart because we got some very bad advice from a broker. It was a real shame as the issues could have been very easily fixed if we were made away of them before applying. As a result we are deeply distrustful of Mortgage Brokers and decided to work directly with the bank.

Much to my surprise the bank ( we were very intimidated by the idea of going directly to the bank as first time buyers) have gone out of their way to support us so far and could not have been more pleasant. It has been a very smooth process up to this point. I understand that they are of course a huge business and that their primary priority is making money from us; but still, I appreciate how approachable they have been.

We are buying with the support of the Northern Ireland Co-Ownership scheme and are not contributing any deposit so our process will be a bit different to most of you.

-First stage was paying £100 to Co-Own to begin the process. We submitted all the same paperwork you would give the bank, had our finances reviewed in depth (Co-Own has extremely specific criteria and when it comes to lending they seem to be much more fussy than many banks) and eventually recieved a decision in principle.

-We then had to go out and find a property. We already knew exactly what we wanted. Co-Own approved us mid-afternoon and we viewed the house 9am the next morning and immediately agreed to purchase it.

- after agreeing a property we immediately submitted our application ( £500 fee, but this funded the survery and much of our final legal fees) to begin the second stage of Co-Own. Found out that a property survery had been booked almost immediatly. This resulted in a week of fretting but we eventually heard that Co-Own had approved the property and were willing to make a firm offer of support.

We had our meeting with an NI based Bank a couple of days later. I had all of the paperwork ready and felt that the meeting was very encouraging. They said a final decision could take up to two weeks, but will almost certainly come sooner. In the meantime we have started to make our turn-key selections.

I know that this is not an unreasonable timeframe but it feels like torture. To be honest I am pretty confident , but so much can go wrong....

We Couldn't do this without Co-Own's support. Several of my friends have already bought their home with the help of Co-Own and none have a bad word to say about the system. They stick to their rules and criteria to the letter and can be very fussy and inflexible, but it's a non-profit charity funded by the taxpayer so it is hard to blame them.

TiberUK

TiberUK wrote: »

Hello everyone. First time poster (and first time buyer!) I have been reading through this thread to help keep myself sane (its 3am on a Saturday morning and I have work at 9am, so I will let you judge how well that is working) so I thought I would post my story.

Unlike what feels like just about every other person in this thread, we are not using a mortgage broker. We attempted to buy a house a few months ago but this fell apart because we got some very bad advice from a broker. It was a real shame as the issues could have been very easily fixed if we were made away of them before applying. As a result we are deeply distrustful of Mortgage Brokers and decided to work directly with the bank.

Much to my surprise the bank ( we were very intimidated by the idea of going directly to the bank as first time buyers) have gone out of their way to support us so far and could not have been more pleasant. It has been a very smooth process up to this point. I understand that they are of course a huge business and that their primary priority is making money from us; but still, I appreciate how approachable they have been.

We are buying with the support of the Northern Ireland Co-Ownership scheme and are not contributing any deposit so our process will be a bit different to most of you.

-First stage was paying £100 to Co-Own to begin the process. We submitted all the same paperwork you would give the bank, had our finances reviewed in depth (Co-Own has extremely specific criteria and when it comes to lending they seem to be much more fussy than many banks) and eventually recieved a decision in principle.

-We then had to go out and find a property. We already knew exactly what we wanted. Co-Own approved us mid-afternoon and we viewed the house 9am the next morning and immediately agreed to purchase it.

- after agreeing a property we immediately submitted our application ( £500 fee, but this funded the survery and much of our final legal fees) to begin the second stage of Co-Own. Found out that a property survery had been booked almost immediatly. This resulted in a week of fretting but we eventually heard that Co-Own had approved the property and were willing to make a firm offer of support.

We had our meeting with an NI based Bank a couple of days later. I had all of the paperwork ready and felt that the meeting was very encouraging. They said a final decision could take up to two weeks, but will almost certainly come sooner. In the meantime we have started to make our turn-key selections.

I know that this is not an unreasonable timeframe but it feels like torture. To be honest I am pretty confident , but so much can go wrong....

We Couldn't do this without Co-Own's support. Several of my friends have already bought their home with the help of Co-Own and none have a bad word to say about the system. They stick to their rules and criteria to the letter and can be very fussy and inflexible, but it's a non-profit charity funded by the taxpayer so it is hard to blame them.

Absolutely delighted to be able to say that we got approved today who knew that banks work on a Saturday?

Extremely excited to become a Danske Bank customer. We got our first choice mortgage with our first choice bank - it even comes with a considerable amount of Cashback.

I have had a really positive experience with Danske Bank so far and I fully recommend atleast having a conversation with then - well, as long as your in Northern Ireland anyway.