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

Memie

Creditfixer3021 said:

Memie said:

18 days and now want business bank statement I can’t help thinking it would be more efficient if they just asked for everything up front 🙄

I think they are so inefficient it’s unreal. I’ve had 3 requests (2 for the same thing in different formats). 

What makes me so angry is the fact they ask for more documents (every now and then), then each time to submit them, you can back in the waiting list before they confirm they are happy with the new documents provided 

grrrr 

Exactly ... just tell me everything you need and I will provide it !! My Mental health is really suffering with the anxiety x

Jamaicanmelaff

Creditfixer3021 said:

Memie said:

18 days and now want business bank statement I can’t help thinking it would be more efficient if they just asked for everything up front 🙄

I think they are so inefficient it’s unreal. I’ve had 3 requests (2 for the same thing in different formats). 

What makes me so angry is the fact they ask for more documents (every now and then), then each time to submit them, you can back in the waiting list before they confirm they are happy with the new documents provided 

grrrr 

This is my issue. I’ve only been asked for additional documents once on the 8th, but if they finally come back after hearing nothing since to request something else then it goes back in another 3 week queue it’ll be super frustrating. They could’ve just asked for anything extra they need for self-employee people right off the bat, they must have an idea what they’ll need.

NatalieAGC

VIRGIN MONEY 
85% LTV 
15th June-   Applied directly -  DIP PASSED (Hard search) 
submitted full application same day! 

17th June-  received forms to sign and sent back- with documents ( wage slips and consent to let form)
19th June -  VM Underwriter called me to tell me offer waiting pending valuation- valuation instructed 
22nd June - Valuation on property
24th June- VM called to say all ok offer ready to be sent as soon as CTL sent to them- I was waiting on this!! 
26th June-  nationwide ( my current lender gave me permission to let my current property to buy another home)  consent to let sent to VM 
1st July - OFFER IN THE POST!! SOLICITORS CONFIRMED ITS ARRIVED!! 

Memie

Jamaicanmelaff said:

Creditfixer3021 said:

Memie said:

18 days and now want business bank statement I can’t help thinking it would be more efficient if they just asked for everything up front 🙄

I think they are so inefficient it’s unreal. I’ve had 3 requests (2 for the same thing in different formats). 

What makes me so angry is the fact they ask for more documents (every now and then), then each time to submit them, you can back in the waiting list before they confirm they are happy with the new documents provided 

grrrr 

This is my issue. I’ve only been asked for additional documents once on the 8th, but if they finally come back after hearing nothing since to request something else then it goes back in another 3 week queue it’ll be super frustrating. They could’ve just asked for anything extra they need for self-employee people right off the bat, they must have an idea what they’ll need.

This my husband self employed ... he’s had no loans, not missed a days work ... we’ve been so lucky, that is obvious looking at our own accounts I just don’t get how long it will keep going back and fourth x

Memie

NatalieAGC said:

VIRGIN MONEY 
85% LTV 
15th June-   Applied directly -  DIP PASSED (Hard search) 
submitted full application same day! 

17th June-  received forms to sign and sent back- with documents ( wage slips and consent to let form)
19th June -  VM Underwriter called me to tell me offer waiting pending valuation- valuation instructed 
22nd June - Valuation on property
24th June- VM called to say all ok offer ready to be sent as soon as CTL sent to them- I was waiting on this!! 
26th June-  nationwide ( my current lender gave me permission to let my current property to buy another home)  consent to let sent to VM 
1st July - OFFER IN THE POST!! SOLICITORS CONFIRMED ITS ARRIVED!! 

Fab that’s a brilliant turn around x

Jamaicanmelaff

Memie said:

Jamaicanmelaff said:

Creditfixer3021 said:

Memie said:

18 days and now want business bank statement I can’t help thinking it would be more efficient if they just asked for everything up front 🙄

I think they are so inefficient it’s unreal. I’ve had 3 requests (2 for the same thing in different formats). 

What makes me so angry is the fact they ask for more documents (every now and then), then each time to submit them, you can back in the waiting list before they confirm they are happy with the new documents provided 

grrrr 

This is my issue. I’ve only been asked for additional documents once on the 8th, but if they finally come back after hearing nothing since to request something else then it goes back in another 3 week queue it’ll be super frustrating. They could’ve just asked for anything extra they need for self-employee people right off the bat, they must have an idea what they’ll need.

This my husband self employed ... he’s had no loans, not missed a days work ... we’ve been so lucky, that is obvious looking at our own accounts I just don’t get how long it will keep going back and fourth x

Definitely. I sent them all my invoices from March-June showing I’ve actually had an increase in income, but they haven’t even looked at those yet to assess them. I have no doubt they’ll ask for an up to date bank statement since we’ve now gone into a new month and possibly invoices for June too. They should be able to see from my statements that I’ve earned almost half as much as I did last year just March to June (lots of rush jobs due to people being at home watching TV and me having nothing else to do) but I just get the feeling they’ll want more. Hopefully just anxiety cos it feels like nothing is moving x

Memie

Jamaicanmelaff said:

Memie said:

Jamaicanmelaff said:

Creditfixer3021 said:

Memie said:

18 days and now want business bank statement I can’t help thinking it would be more efficient if they just asked for everything up front 🙄

I think they are so inefficient it’s unreal. I’ve had 3 requests (2 for the same thing in different formats). 

What makes me so angry is the fact they ask for more documents (every now and then), then each time to submit them, you can back in the waiting list before they confirm they are happy with the new documents provided 

grrrr 

This is my issue. I’ve only been asked for additional documents once on the 8th, but if they finally come back after hearing nothing since to request something else then it goes back in another 3 week queue it’ll be super frustrating. They could’ve just asked for anything extra they need for self-employee people right off the bat, they must have an idea what they’ll need.

This my husband self employed ... he’s had no loans, not missed a days work ... we’ve been so lucky, that is obvious looking at our own accounts I just don’t get how long it will keep going back and fourth x

Definitely. I sent them all my invoices from March-June showing I’ve actually had an increase in income, but they haven’t even looked at those yet to assess them. I have no doubt they’ll ask for an up to date bank statement since we’ve now gone into a new month and possibly invoices for June too. They should be able to see from my statements that I’ve earned almost half as much as I did last year just March to June (lots of rush jobs due to people being at home watching TV and me having nothing else to do) but I just get the feeling they’ll want more. Hopefully just anxiety cos it feels like nothing is moving x

Let me know how you go! I have everything crossed for you x

zv13424

Mortgage offer received yesterday after valuation Thursday. Unfortunately they’ve valued £10k less than our offer.
Sellers are willing to go £5k lower but not £10k and would prefer to put it back on the market. 

What would you do? 

Jamaicanmelaff

Memie said:

Jamaicanmelaff said:

Memie said:

Jamaicanmelaff said:

Creditfixer3021 said:

Memie said:

18 days and now want business bank statement I can’t help thinking it would be more efficient if they just asked for everything up front 🙄

I think they are so inefficient it’s unreal. I’ve had 3 requests (2 for the same thing in different formats). 

What makes me so angry is the fact they ask for more documents (every now and then), then each time to submit them, you can back in the waiting list before they confirm they are happy with the new documents provided 

grrrr 

This is my issue. I’ve only been asked for additional documents once on the 8th, but if they finally come back after hearing nothing since to request something else then it goes back in another 3 week queue it’ll be super frustrating. They could’ve just asked for anything extra they need for self-employee people right off the bat, they must have an idea what they’ll need.

This my husband self employed ... he’s had no loans, not missed a days work ... we’ve been so lucky, that is obvious looking at our own accounts I just don’t get how long it will keep going back and fourth x

Definitely. I sent them all my invoices from March-June showing I’ve actually had an increase in income, but they haven’t even looked at those yet to assess them. I have no doubt they’ll ask for an up to date bank statement since we’ve now gone into a new month and possibly invoices for June too. They should be able to see from my statements that I’ve earned almost half as much as I did last year just March to June (lots of rush jobs due to people being at home watching TV and me having nothing else to do) but I just get the feeling they’ll want more. Hopefully just anxiety cos it feels like nothing is moving x

Let me know how you go! I have everything crossed for you x

Thank you! You too. I’m hoping we suddenly all start to get sorted at once so we can get on with things. 

Jamaicanmelaff

zv13424 said:

Mortgage offer received yesterday after valuation Thursday. Unfortunately they’ve valued £10k less than our offer.
Sellers are willing to go £5k lower but not £10k and would prefer to put it back on the market. 

What would you do? 

Ooh yours was fast! It’s a positive that your seller wants to meet in the middle, but I guess it depends on lots of things. Is the house your dream house and do you think it’s well-priced for the area? Can you even afford the extra 5k yourself? How long are you planning on living there/will it be long enough to reassure you that you’ll still make a profit if and when you need to sell?