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

thePhilster69

Just had e.surv out to value our property on behalf of our purchaser, but still waiting on hearing when our valuation will be done on the house we're buying. Interestingly, she said that the mortgage company didn't require her to check the loft... I'd have thought the loft would have been one of the key areas to look at, given the potential for problems with the roof leading to overall structural isssues (not that we have any issues). She was also here for around 15 mins too...

KJB_D

Process90 said:

adierei said:

Process90 said:

Anyone know for definite if HSBC send applications to underwriter before valuation? 

Ours went to the underwriter before valuation. They rang with to check if salary had been impacted by covid and then got a text to say approved subject to valuation. I thought they did it the other way but seems not all the time?! Who knows! 

Interesting. I thought it would make sense to do the valuation first but maybe it’s done on a case by case basis.

Ours says manual reffer to underwriter on the tracker, at the moment.

Ours had manual referral on the tracker to underwriter on the 22nd June, and our physical valuation was booked on the 24th June. All confirmed yesterday that valuation went okay and waiting on the offer now!

heston2014

Hi,

Submitted an application to HSBC yesterday, but unfortunately, had missed one of main expenditure on the form. It went to “Decision obtained” and full credit check, I tried updating it but there was a fatal error on the online application. So I rang customer services and was advised to submit a new application and first one would be cancelled. Did that and it’s gone to “Decision obtained” status again. Solicitor and valuation option provided, but as it’s a joint application, under “who’s applying”, it’s showing my husband’s status as “awaiting details”. 

We haven’t received any request to upload documents yet, I’m confused why it’s showing “Decision obtained” AND “Awaiting details”.

My husband is going to log in to check his details, in case something’s holding things up.
Why would it say “Decision obtained” at this stage? 

I can also see two hard search on my credit file from the two applications yesterday. So not sure what to make of it, as surely, no one has looked at our application that quickly?

adierei

heston2014 said:

Hi,

Submitted an application to HSBC yesterday, but unfortunately, had missed one of main expenditure on the form. It went to “Decision obtained” and full credit check, I tried updating it but there was a fatal error on the online application. So I rang customer services and was advised to submit a new application and first one would be cancelled. Did that and it’s gone to “Decision obtained” status again. Solicitor and valuation option provided, but as it’s a joint application, under “who’s applying”, it’s showing my husband’s status as “awaiting details”. 

We haven’t received any request to upload documents yet, I’m confused why it’s showing “Decision obtained” AND “Awaiting details”.

My husband is going to log in to check his details, in case something’s holding things up.
Why would it say “Decision obtained” at this stage? 

I can also see two hard search on my credit file from the two applications yesterday. So not sure what to make of it, as surely, no one has looked at our application that quickly?

I think the hard search is automatic rather than by a person. We had hard searches before underwriting and then 4 soft searches about 3 days before we got our offer subject to val. 

The details for the second applicant come through the post (we applied on a Thursday and they came on the Monday). The second applicant then has to ring and activate their details. Once that happened, our application went from decision obtained to application under review. 

Almostfree

Marleysmum said:

New to this (however lurking for a while!) and the waiting is killing me - my anxiety levels are definitely through the roof!
I'm using a MA, AIP through Halifax given on the 11th June, full application submitted on the 15th and paid valuation fee (hard search on CF that day).  No other documentation has been requested other that what I provided to MA in advance of my application.
MA advised on the 18th that it all looked fine and application was now just subject to satisfactory valuation.
Anyone know how long Halifax are taking with scheduling valuations? (It's a new build not due for completion until Oct).
For me personally, this has been a long time coming and I'm trying not to get my hopes up - am I right in thinking that if there were any issues these would have been highlighted by now?

Hi! Our application went in 19th June and we were just told yesterday that the valuation has been booked for Tuesday 30th June. Our broker sat on the phone with Halifax on Monday (22nd) going through income and expenditure and told us that it was agreed subject to valuation then. Hoping to have our offer by Friday.

Almostfree

We have instructed the solicitors to run the searches at the same time as our mortgage application is going through to speed things up. 3 of the 4 have come back already, just waiting on the Local Authority search but that can take up to 4 weeks apparently. We were hoping to move end of next month if possible. I was really anxious about the whole thing but once we got the "agreed subject to valuation" I've relaxed a lot. Of course, if I end up waiting weeks after the valuation that may change 😂. So far though each stage is going well and much quicker than I expected so I'm happy. The house is on my way to work so every now and then I detour past just to look at it and remind myself it's actually happening. Pretty sure the current owner thinks I'm stalking them!

fackers_2

Almostfree said:

The house is on my way to work so every now and then I detour past just to look at it and remind myself it's actually happening. Pretty sure the current owner thinks I'm stalking them!

I do this too! Slowwwww down and have a quick look as I drive past. 

janeindevon

Ralichkai98 said:

Hey, is there anyone who is still waiting for any update from Santander... We put our mortgage application on 27th of May. Received an SMS confirmation on 15th of June that it will be transferred to the underwriter. Still nothing yet... Is it a bad sign? 

Yes I am, had valuation on the 20th June and now waiting, I feel like I’m going out of my mind! 

Creditfixer3021

janeindevon said:

Ralichkai98 said:

Hey, is there anyone who is still waiting for any update from Santander... We put our mortgage application on 27th of May. Received an SMS confirmation on 15th of June that it will be transferred to the underwriter. Still nothing yet... Is it a bad sign? 

Yes I am, had valuation on the 20th June and now waiting, I feel like I’m going out of my mind! 

Has your broker said why it’s taken a week since the valuation to get a decision?

janeindevon

Creditfixer3021 said:

janeindevon said:

Ralichkai98 said:

Hey, is there anyone who is still waiting for any update from Santander... We put our mortgage application on 27th of May. Received an SMS confirmation on 15th of June that it will be transferred to the underwriter. Still nothing yet... Is it a bad sign? 

Yes I am, had valuation on the 20th June and now waiting, I feel like I’m going out of my mind! 

Has your broker said why it’s taken a week since the valuation to get a decision?

Because I’m buying a new build that has everything in it, there was a form the surveyor wanted. That was sent in on Thursday though