Nationwide timescales!

fairyloveheart

Hi

I appreciate they are busy and have looked on their website but not sure we fit with the timescales.

Dip refer 13/9
Application documents submitted 16/9

Presume it is with the underwriters as still being looked at and valuation fee still not taken.

Is this normal? We were referred due to 25k of debt which will be cleared from sale of existing home.

Many thanks

Thrugelmir

When did you receive notification that your application had been referred?

xxlauxx

Still no news fairy? X

fairyloveheart

13/9 the broker said it was referred. He spoke to NW to find out why as affordability looked fine but it was due to existing debt which will be cleared if this sale/purchase go through.
It just seems a long time.

There were two queries from our documents - child benefit where was it paid to, even though the monthly credit is on our bank statements they had and a query requiring an extra payslip for my husband as one of his payslips showed £10 or so less. We answered/submitted the day queries were raised and that was weeks ago now.

fairyloveheart

xxlauxx wrote: »

Still no news fairy? X

Nope not a peep!

Got the help to buy atp through on Friday but not much use without a mortgage!

betmunch

It's not right but nationwide are all over the place at the moment.

By now your mortgage advisor should have got his BDM involved, they should give you a clear idea of the true timescales.

I would be looking at plan b by now if I was you

fairyloveheart

Plan b is Halifax but they will only lend us 207k apparently which means we couldn't pay all the debt off! Maybe I need a plan z! X

xxlauxx

Have you tried calling nationwide yourself? Rather than asking the broker/advisor? They have been forever! X

Jess716

We are still waiting on ours which was:

Full application 23rd september
Valuation 25th September

Since then the underwriters declined on affordability and then when questioned by the broker it turned out the calculated it wrong as hadn't taken into consideration a loan which is being paid off this month.
So the file went back to underwriters on Thursday and now it's waiting yet again for us

Jess716

BTW we also had the child benefit issue.. Bloody stupid if you ask me, expecially as they had 6 months of bank statements which showed child benefit grrrrrr

fairyloveheart

I think I will call Monday if I hear nothing more. I think it's a no
Feeling harassed!
Can't believe they calculated it wrong! That's crazy!