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Good sign/ bad sign/ neither...update
lindsaygalaxy
Posts: 2,068 Forumite
Evening
This question may be one along the lines of how long is a piece of string....
Applied for a mortgage through a broker to Nationwide and it was referred to underwriters. Lots of documents asked for, passed to senior underwriter. Asked for 1 more document and now with head office.
Any ideas if this is a good sign, bad sign or neither!
Brief background - 1 good credit history/ 1 discharged BR (over 6 years). 1 AP marker - company agree wrongly marked but having trouble removing from 1 file. Email from company confirming. 90% mortgage. Good affordability.
This question may be one along the lines of how long is a piece of string....
Applied for a mortgage through a broker to Nationwide and it was referred to underwriters. Lots of documents asked for, passed to senior underwriter. Asked for 1 more document and now with head office.
Any ideas if this is a good sign, bad sign or neither!
Brief background - 1 good credit history/ 1 discharged BR (over 6 years). 1 AP marker - company agree wrongly marked but having trouble removing from 1 file. Email from company confirming. 90% mortgage. Good affordability.
£2 Savers club £0/£150
1p a day £/
1p a day £/
0
Comments
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Has your case been looked at by the underwriter and then extra document requested or has it just been looked at by an initial assessor to ensure all documents requested have been received?I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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With that profile not of this is unexpected.
Best of luck with it.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Has your case been looked at by the underwriter and then extra document requested or has it just been looked at by an initial assessor to ensure all documents requested have been received?
A long list of documents were asked for on referral. Went to senior underwriter and letter for adverse requested and a few other docs. Now been told it has been signed off and gone to Head Office.£2 Savers club £0/£150
1p a day £/0 -
I dont know the answer as I do not use Nationwide much - although I do have a case in a similar situation at the minute, albeit mine is probably about a week or so behind yours.
I suspect it has had initial sign off and is just being double checked, which seems ok but I suppose the outcome could still be accept or decline, if it were cut and dry they would not have this hoop to jump through.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Today it is still neither- the wait it driving me crazy!£2 Savers club £0/£150
1p a day £/0 -
Theyre taking 8 working days to look at paperwork.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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Even though its for the dip not full application?£2 Savers club £0/£150
1p a day £/0 -
Yup.
DIPs are taking longer than full appsI am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
In exactly same position.
2x self employed applicants, which may automatically trigger refer?
Sent across bank statements, SA302s, marriage certificate etc. and also told 8 days to find out. Already a mortgage customer with them.
All done through a broker.0 -
Today they have asked for more documents...£2 Savers club £0/£150
1p a day £/0
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