How long for nationwide mortgage to go through?

ironlady2022

Hi

Applied to nationwide mortgage through broker last week and we are borrowing much less than we can lend.

We have given all info to them.

Anyone applied for a mortgage recently to nationwide.

I want to gage time scales as our exchange is imminent and feeling nervous.

How long did it take for yours to go through? We are lending £145k on joint basis. We earn 70k between us per annum.

Thrugelmir

mayling03 wrote: »

I want to gage time scales as our exchange is imminent

Have you instructed your solicitor to commence work prior to a formal mortgage being received?

ironlady2022

Tthrugelmir- yes solicitors have completed all searches. draft contract came through last week. Just a few things to amend so they are not pacing. Just mortgage and survey to do as far as I'm concerned.

Hawtin1584

I would say 3 weeks at the most from now until you receive your formal offer. They will have to instruct a valuation etc and it can take time, big delays at the moment with mortgages. As long as you have started with your solicitors, applied for searches, raised enquires already, then i would say 3 weeks. If you haven't instructed solicitors a lot longer

ironlady2022

I wish i could wait 3 wks. Wonder if anyone has had it approved in quicker time?

kiddakidda

Full Application = 05/08

Text Notification of offer = 13/08

Formal Written offer received = 16/08

Of course it's going to depend on individual circumstances and the process needed for your application. Oh, and how quick a Valuation can be carried out.

Is it normal to do a fair wack of the legals before a mortgage offer?

ironlady2022

Kiddakidda was your application with nationwide? That seems super quick. I got a text from them today to say they received my application.

I'm not surah our doing legal beforehand but it's on new build and everything seems to have to move so much quicker.

kiddakidda

mayling03 wrote: »

Kiddakidda was your application with nationwide? That seems super quick. I got a text from them today to say they received my application.

I'm not surah our doing legal beforehand but it's on new build and everything seems to have to move so much quicker.

Aye, Nationwide.

Kirstyb1987

Mine was with nationwide -


21st May - formal mortgage application
22nd May - Valuation
2nd June - Formal offer received


8 working days!!! Fantastic service, highly recommended!!!

ironlady2022

Kirstyb1987 - that sounds fantastic - looks like nationwide seem to be pretty quick - that's what I'm hoping for anyway

Westyggx

Monday 14th July we applied for ours, we received our offer yesterday the 18th August. We also had to get 3 specialist surveys though until the offer came so if yours doesnt need any i suspect it will be much quicker.