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

watch3r

ljb2 said:

Hi All,
We are with Nationwide, using the gov HTB Equity Loan. AIP sorted early on, HTB Authority to proceed granted, mortgage application done and Nationwide confirmed valuation booked for 08/07. Hard search on our credit files by Nationwide on 26/06. How quickly are mortgage offers going through after valuation with Nationwide? I believe ours is a physical valuation not desktop. 
Also, do they bother with a valuation after a hard credit search if they do not think you are eligible for a mortgage? 
Feeling so nervous and trying not to get our hopes up,
Good luck everyone!

I believe They need to be happy with all of them in the row :
-AIP
- application ( hard searches need to be ok)
- underwriting 
-valuation 
-offer 
so when you have valuation booked they are happy with everything prior 

Super_Rover

Super_Rover said:

Hi,
Long time stalker of the boards. Me and soon to be Mrs Super_Rover reserved a new build home (our first home) on the outskirts of Glasgow last month. Full application for mortgage with Skipton Building Society submitted yesterday via broker. Emails and texts received today confirming Skipton have accepted the case and valuation instructed. Valuation taking place next Tuesday. 

Update - Email received from Broker this afternoon mortgage has been offered / issued. 

SierraRomeo30

Lancs1234 said:

Anyone any recent experiences with accord? We have just been told by our mortgage advisor they're still considering due to it being extremely tight and close to their maximum, however we've just found out they've not taken any of my partners overtime into consideration (She's an A&E nurse and this equates to £8k-10k per year). Very annoying especially when finding out this has been the issue for the last 2 weeks 😒. 

Their website states they should accept 60% of any regular overtime too.

 No experience but got all my hopes pinned on Accord too! Our AIP got referred and then my broker put the full application in at the same time so we never actually got the go ahead. Fingers crossed!

Jamaicanmelaff

So I got an update. My additional docs are finally being assessed by the underwriters. They told my broker they would hopefully get back to her by Friday with either a valuation date or to request additional documents. No idea why the valuation hasn't been instructed before this but at least something is sort of moving so it's better than the last 4 weeks of updates, so I'll take it for now!

heston2014

Jamaicanmelaff said:

So I got an update. My additional docs are finally being assessed by the underwriters. They told my broker they would hopefully get back to her by Friday with either a valuation date or to request additional documents. No idea why the valuation hasn't been instructed before this but at least something is sort of moving so it's better than the last 4 weeks of updates, so I'll take it for now!

Great news! Still annoying that it has taken them so long to review! Let’s hope we both get the good news before the weekend! Going to try hard not to call again tomorrow 😂 will give them until Wednesday for an update. 

Jamaicanmelaff

heston2014 said:

Jamaicanmelaff said:

So I got an update. My additional docs are finally being assessed by the underwriters. They told my broker they would hopefully get back to her by Friday with either a valuation date or to request additional documents. No idea why the valuation hasn't been instructed before this but at least something is sort of moving so it's better than the last 4 weeks of updates, so I'll take it for now!

Great news! Still annoying that it has taken them so long to review! Let’s hope we both get the good news before the weekend! Going to try hard not to call again tomorrow 😂 will give them until Wednesday for an update. 

If we both get some sort of decent update before the weekend I'll be getting so drunk on Friday, I don't know about you! Yeah, my broker was like, "HSBC are currently working on a 7 working day turnaround for assessing documents which explains the long wait times." It's actually been 20 working days waiting for them to assess mine so not really, but OK 😂.

28tsw

reb_29 said:

There are a lot of people on this thread! I signed up for MSE Forum purely for this reason. I knew others would be in the same dilemma. I haven't read every post as there are so many, so apologies if this has already come up, but is anyone in the same position as me?

Applied for 90% LTV through Habito on 17th June. Not awaiting mortgage decision as such, but awaiting application(!) as Habito have told me about the limitations on applications. I understand why they won't give me a time-frame but it's driving me mad not knowing if the application will be submitted in 2 days or 2 months! ANY information at all would be appreciated!

Are they trying to submit it every day or is there a queue ahead of you?

Jamaicanmelaff

reb_29 said:

There are a lot of people on this thread! I signed up for MSE Forum purely for this reason. I knew others would be in the same dilemma. I haven't read every post as there are so many, so apologies if this has already come up, but is anyone in the same position as me?

Applied for 90% LTV through Habito on 17th June. Not awaiting mortgage decision as such, but awaiting application(!) as Habito have told me about the limitations on applications. I understand why they won't give me a time-frame but it's driving me mad not knowing if the application will be submitted in 2 days or 2 months! ANY information at all would be appreciated!

In all honesty, broker applications for HSBC atm are seriously limited. For smaller brokers with just a couple of cases to submit, that may not be so bad, but for large brokers like L&C and Habito it must be a nightmare trying to submit all the applications they need to. If I were you I'd try to find out how many applications they have to submit to HSBC before you. If there's a good few it may be worth going to HSBC direct. It may be a bit more difficult, but it'll at least get your application in quicker and I'm sure people on here will do their best to support you if there's anything you're unsure of.

heston2014

Jamaicanmelaff said:

heston2014 said:

Jamaicanmelaff said:

So I got an update. My additional docs are finally being assessed by the underwriters. They told my broker they would hopefully get back to her by Friday with either a valuation date or to request additional documents. No idea why the valuation hasn't been instructed before this but at least something is sort of moving so it's better than the last 4 weeks of updates, so I'll take it for now!

Great news! Still annoying that it has taken them so long to review! Let’s hope we both get the good news before the lweekend! Going to try hard not to call again tomorrow 😂 will give them until Wednesday for an update. 

If we both get some sort of decent update before the weekend I'll be getting so drunk on Friday, I don't know about you! Yeah, my broker was like, "HSBC are currently working on a 7 working day turnaround for assessing documents which explains the long wait times." It's actually been 20 working days waiting for them to assess mine so not really, but OK 😂.

Oh yes! Will be getting drunk! Husband and I have been saving a bottle of Dom for 10 years I believe it is, wasn’t sure what we were saving it for, who knows this could be it! 😂 or will just drown our sorrows in cider or cheap beer! 

What’s another few days of wait, right? Fingers crossed! 😅😅😅

watch3r

Do you think you mortgage advisor/ broker is aware that when they say “we should have an update within 24h” you call them in 24 h and 1 minute ??