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

1stForEverything

Been following this thread for a while but thought I’d finally post my timeline if it helps anyone. Mortgage with Nationwide. Based in N.Ireland

20/03 - Submitted application
April - Nothing
May - Nothing
17/06 - Valuation booked for 25th
25/06 - Valuation received
06/07 - Mortgage offer issued

4 months of waiting but relieved to finally get there. Note I never got any messages after valuation to say it was ok or not, just the actual offer. I was thinking there must be an issue with it having taken 10 days to review but turned out it was ok!

Unfortunately my vendor’s valuation for their new home is still in limbo so I can’t move anytime soon anyway... back to twiddling my thumbs.

28tsw

xx_mstilda_xx said:

28tsw said:

xx_mstilda_xx said:

Hi Everyone,
Knew I'd find some really useful info here!
It's been a rollercoaster already given the current situation, as our DIP product was pulled from the market by Halifax. Then we applied with Nationwide directly as their High LTV products weren't being offerred through brokers, who rejected our DIP (despite us meeting their affordability) and refused to give a reason, other than an "internal check" that they wouldn't elaborate on and they then pulled the product the next morning, reducing their max LTV to 85%.
We revised our offer as we found Saffron BS had just reintroduced 90% LTV but the product was pulled again within 48hrs during our negotiation wait, leaving us with an accepted offer and no product. Our Broker has now managed to submit an application to HSBC during their early morning window of opportunity.

 FTB awaiting an update with HSBC. 90% LTV.
26/06 - Joint app submitted by broker (both Employed F/T and throughout Lockdown).
28/06 - Request from our MA received and approved for permission for an Electronic Identity Check.
2 or 3/07 - Valuation booked/completed (Sellers EA called me and said it was booked for Friday, asked MA for confirmation as we'd heard nothing directly, who called HSBC for an update and said it was done Thursday and satisfactory, so no idea if actually physical or desktop 🤷‍♀️
03/07 - Latest Payslips requested and provided by MA which are now awaiting underwriting...

I'd like to think I'm a patient person but the wait really is a killer 😫 I think it's harder knowing that we don't currently have any other options at the moment if HSBC refuse us given the almost non-existence of 90% products 😭

Congratulations to those who have received offers recently and good luck all! 🤞
XxX

How many days did your broker try before getting your application through for HSBC?

He managed to submit it on the first day - the morning after we gave him the go-ahead but he did say that was very lucky and he'd previously been trying for anything up to a week recently for other clients. We were 1 of 2 90% HSBC apps he had to submit and were first to give him the green light so first in his queue to attempt to get it in. It's crazy right now. 

Thanks

My broker tried this morning first attempt and got to last page of application. Hoping Monday morning is hardest day of the week and Tuesday comes through. I’m so flipping paranoid they’ll be pulled before it goes in 

xx_mstilda_xx

reb_29 said:

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!

I should have mentioned going with HSBC through Habito. Thought I said that! Whoops

Completely agree with what @Jaimacanmelaff said, big brokers will have a much larger list of apps to try and submit during HSBC's morning window so you'll possibly be waiting a long time if you're at the back of a long queue. I'd suggest applying directly if Habito can't give you a time frame for submission.

Creditfixer3021

This is interesting. If they were to say they would put a stamp duty holiday from October, I’d completely change my tune and encourage Santander to take as long as they want!! 

https://www.google.co.uk/amp/s/www.thisismoney.co.uk/money/mortgageshome/article-8493877/amp/Proposed-stamp-duty-cut-freeze-housing-market-experts-warn.html

RPF1992

macca2424 said:

I submitted my application to Barclays via a broker on 16/6, hard credit search carried out the same day and then sent their declaration to sign and return a few days later. My HtB authority to proceed was supposed to have been submitted the same day however there was an issue with some of the forms I was supposed to have signed (I was sent the wrong versions) so that didn’t get submitted until 23/6 but it was approved on the 26/6. 

Latest update is that Barclays still haven’t given a date on the valuation yet; it’s a new build due to be ready in November so not sure if they’ll be doing a desktop or physical valuation. Apparently they don’t need anymore information/documents from me so it’s just a waiting game for the valuation now. 

In exactly the same position... looks as though valuations are what holding up the process for most mortgages at the moment! 

Hopefully won’t be too long until you get a date sorted 👍🏼

heston2014

xx_mstilda_xx said:

Hi Everyone,
Knew I'd find some really useful info here!
It's been a rollercoaster already given the current situation, as our DIP product was pulled from the market by Halifax. Then we applied with Nationwide directly as their High LTV products weren't being offerred through brokers, who rejected our DIP (despite us meeting their affordability) and refused to give a reason, other than an "internal check" that they wouldn't elaborate on and they then pulled the product the next morning, reducing their max LTV to 85%.
We revised our offer as we found Saffron BS had just reintroduced 90% LTV but the product was pulled again within 48hrs during our negotiation wait, leaving us with an accepted offer and no product. Our Broker has now managed to submit an application to HSBC during their early morning window of opportunity.

 FTB awaiting an update with HSBC. 90% LTV.
26/06 - Joint app submitted by broker (both Employed F/T and throughout Lockdown).
28/06 - Request from our MA received and approved for permission for an Electronic Identity Check.
2 or 3/07 - Valuation booked/completed (Sellers EA called me and said it was booked for Friday, asked MA for confirmation as we'd heard nothing directly, who called HSBC for an update and said it was done Thursday and satisfactory, so no idea if actually physical or desktop 🤷‍♀️
03/07 - Latest Payslips requested and provided by MA which are now awaiting underwriting...

I'd like to think I'm a patient person but the wait really is a killer 😫 I think it's harder knowing that we don't currently have any other options at the moment if HSBC refuse us given the almost non-existence of 90% products 😭

Congratulations to those who have received offers recently and good luck all! 🤞
XxX

Hmnnn.. that was quick for you in terms of valuation! We submitted our application same time as you, we haven’t heard anything yet re: valuation stage. 🤔 

Jamaicanmelaff

heston2014 said:

xx_mstilda_xx said:

Hi Everyone,
Knew I'd find some really useful info here!
It's been a rollercoaster already given the current situation, as our DIP product was pulled from the market by Halifax. Then we applied with Nationwide directly as their High LTV products weren't being offerred through brokers, who rejected our DIP (despite us meeting their affordability) and refused to give a reason, other than an "internal check" that they wouldn't elaborate on and they then pulled the product the next morning, reducing their max LTV to 85%.
We revised our offer as we found Saffron BS had just reintroduced 90% LTV but the product was pulled again within 48hrs during our negotiation wait, leaving us with an accepted offer and no product. Our Broker has now managed to submit an application to HSBC during their early morning window of opportunity.

 FTB awaiting an update with HSBC. 90% LTV.
26/06 - Joint app submitted by broker (both Employed F/T and throughout Lockdown).
28/06 - Request from our MA received and approved for permission for an Electronic Identity Check.
2 or 3/07 - Valuation booked/completed (Sellers EA called me and said it was booked for Friday, asked MA for confirmation as we'd heard nothing directly, who called HSBC for an update and said it was done Thursday and satisfactory, so no idea if actually physical or desktop 🤷‍♀️
03/07 - Latest Payslips requested and provided by MA which are now awaiting underwriting...

I'd like to think I'm a patient person but the wait really is a killer 😫 I think it's harder knowing that we don't currently have any other options at the moment if HSBC refuse us given the almost non-existence of 90% products 😭

Congratulations to those who have received offers recently and good luck all! 🤞
XxX

Hmnnn.. that was quick for you in terms of valuation! We submitted our application same time as you, we haven’t heard anything yet re: valuation stage. 🤔 

Don’t let it worry you. I submitted my application on May 1st and they still haven’t booked the valuation yet 😂

heston2014

Jamaicanmelaff said:

heston2014 said:

xx_mstilda_xx said:

Hi Everyone,
Knew I'd find some really useful info here!
It's been a rollercoaster already given the current situation, as our DIP product was pulled from the market by Halifax. Then we applied with Nationwide directly as their High LTV products weren't being offerred through brokers, who rejected our DIP (despite us meeting their affordability) and refused to give a reason, other than an "internal check" that they wouldn't elaborate on and they then pulled the product the next morning, reducing their max LTV to 85%.
We revised our offer as we found Saffron BS had just reintroduced 90% LTV but the product was pulled again within 48hrs during our negotiation wait, leaving us with an accepted offer and no product. Our Broker has now managed to submit an application to HSBC during their early morning window of opportunity.

 FTB awaiting an update with HSBC. 90% LTV.
26/06 - Joint app submitted by broker (both Employed F/T and throughout Lockdown).
28/06 - Request from our MA received and approved for permission for an Electronic Identity Check.
2 or 3/07 - Valuation booked/completed (Sellers EA called me and said it was booked for Friday, asked MA for confirmation as we'd heard nothing directly, who called HSBC for an update and said it was done Thursday and satisfactory, so no idea if actually physical or desktop 🤷‍♀️
03/07 - Latest Payslips requested and provided by MA which are now awaiting underwriting...

I'd like to think I'm a patient person but the wait really is a killer 😫 I think it's harder knowing that we don't currently have any other options at the moment if HSBC refuse us given the almost non-existence of 90% products 😭

Congratulations to those who have received offers recently and good luck all! 🤞
XxX

Hmnnn.. that was quick for you in terms of valuation! We submitted our application same time as you, we haven’t heard anything yet re: valuation stage. 🤔 

Don’t let it worry you. I submitted my application on May 1st and they still haven’t booked the valuation yet 😂

Ooopps! 🤪 This forum is great for info but not for blood pressure or palpilations! 😅

Facknats

Offer from HSBC successful!

04th/05th June, L&C are absolutely brilliant - although they can't submit an application due to broker limits (HSBC were working over capacity) they are up front, honest and helpful and suggest we try going solo.

06th-7th June We try solo. We get an AIP, two AIPs.. but after two days of trying cannot complete an application through portal and book a phone appt with an advisor.

18th June - telephone appointment. We get third AIP from HSBC. I was impressed with the HSBC advisor too, very helpful. 

Friday 3rd July - Valuation day
Today, 6th July - Offer!
It was worth it for the LTV and rate.

xx_mstilda_xx

How many days did your broker try before getting your application through for HSBC?

He managed to submit it on the first day - the morning after we gave him the go-ahead but he did say that was very lucky and he'd previously been trying for anything up to a week recently for other clients. We were 1 of 2 90% HSBC apps he had to submit and were first to give him the green light so first in his queue to attempt to get it in. It's crazy right now. 

Thanks

My broker tried this morning first attempt and got to last page of application. Hoping Monday morning is hardest day of the week and Tuesday comes through. I’m so flipping paranoid they’ll be pulled before it goes in 

 Oh goodness - good luck! 🤞 It may be encouraging that they managed to get to the last page. You're probably right about Monday's so hopefully tomorrow is the day! 🌞
I completely understand why you're worried about them being pulled - it's happened to us twice so far. The products are so unstable right now. As a first time buyer it's certainly not the exciting process I was expecting it to be, not that I was expecting it to be stress-free but the current situation is adding a  bucket load of additional worry which is stealing any joy, as there simply aren't an abundance of other options! 🥴