Nationwide Mortgage Application

bennyboy1888

Hi, havent posted on the forum in a long time.

Have applied for a ftb mortgage with my girlfriend via a broker. In the last couple days have found a lot of poor reviews/experiences of Nationwides mortgage process re: documents , customer service.

We've applied for 85% mortgage with 15% deposit for house worth 170k, joint income 37.500 both with 'excellent' equifax credit rating.

I know mortgage applications are mostly guess work and you never know which way they'll go.

But just wondered what other peoples experiences of nationwide process is like re: approval rates , length of time, documentation required (bank statements? Broker didnt ask for any up front).

Any info would be greatly appreciated. Going to be a nervous few weeks/months im guessing !

stalkah

We've just (on Monday) applied with Nationwide, our DIP requested proof of last 2 bonuses, last pay slip and one months bank statement for both applicants.


Did you DIP request anything?

bennyboy1888

We didnt get a DIP , we checked a few online mortgage calculators and then put an offer in which was accepted this week. Our broker applied today - he asked for proof of id x2 , last 3 pay slips, last p60. Didnt know we might need statements until seeing all these document issues on review online with nationwide. Hoping maybe having to send these off at some point wont delay the process.

Thrugelmir

bennyboy1888 wrote: »

Hi, havent posted on the forum in a long time.

Have applied for a ftb mortgage with my girlfriend via a broker. In the last couple days have found a lot of poor reviews/experiences of Nationwides mortgage process re: documents , customer service.

We've applied for 85% mortgage with 15% deposit for house worth 170k, joint income 37.500 both with 'excellent' equifax credit rating.

I know mortgage applications are mostly guess work and you never know which way they'll go.

But just wondered what other peoples experiences of nationwide process is like re: approval rates , length of time, documentation required (bank statements? Broker didnt ask for any up front).

Any info would be greatly appreciated. Going to be a nervous few weeks/months im guessing !

I wouldn't get stressed this early in the house buying process. The mortgage is the relatively straight forward part. That normally requires a little patience and an understanding that you aren't the only person in the UK making a mortgage application at this very time. The purchase itself could throw you all sorts of curved balls. Sometimes vendors aren't what they seem either.

My personal recommendation would be to take up yoga. As you'll get there in the end. How long who knows.

stalkah

I might be wrong but I thought the first step was to get a DIP?

bennyboy1888

You may well be right . Possibly we'll get a DIP at some point soon and then have to forward this onto applying for the offer? Broker never mentioned anything. He said to put offer in then we'd know what amount to apply for.

Also - ive heard the valuation usually occurs quite quickly ( it better do considering the cost and that you dont get this back if unsuccessful) have you had a date for yours ?

stalkah

Might be worth asking the broker if he's applied for it and what stage that is at. Ours was an instant approval decision.


No got a date for valuation. Was told it's with the underwriters today so should hear on monday

bennyboy1888

Thrugelmir wrote: »

I wouldn't get stressed this early in the house buying process. The mortgage is the relatively straight forward part. That normally requires a little patience and an understanding that you aren't the only person in the UK making a mortgage application at this very time. The purchase itself could throw you all sorts of curved balls. Sometimes vendors aren't what they seem either.

My personal recommendation would be to take up yoga. As you'll get there in the end. How long who knows.

Yoga sounds like a good plan ! I dont know how my partner stays so calm in all this.

Cheers !

bennyboy1888

stalkah wrote: »

Might be worth asking the broker if he's applied for it and what stage that is at. Ours was an instant approval decision.


No got a date for valuation. Was told it's with the underwriters today so should hear on monday

Fingers crossed ! We said we'd give it a fortnight before seeing how its all going, can imagine how swamped nationwide gets because of its low rates.

Touch wood first and last move/mortgage for a long long time !

p1nky

We had to provide bank statements. Valuation was arranged within 2 weeks of applying

Thrugelmir

bennyboy1888 wrote: »

Fingers crossed ! We said we'd give it a fortnight before seeing how its all going, can imagine how swamped nationwide gets because of its low rates.

Easter's coming up. So there's two bank holidays to allow for. Also fair number of staff will be away for school holidays.