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Nationwide application process
Comments
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If it just said the valuation is approved then there's more to come.
Ring them up and askI am a Mortgage Adviser
You 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 -
When you say there is more to come, what exactly could that be?:)0
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Application is submitted.
Valuation is instructed.
When Countrywide eventually make the call for access and book the inspection, the valuation is booked.
Once it's done, the report is eventually sent back to Nationwide.
Nationwide will eventually accept it.
The case undergoes plausibility checks.
The offer is issued.
That's the process.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Sorry to be a bit blunt, but did no-one explain to you what was going to happen when you allowed them to submit a mortgage application on your behalf?Got the valuation done yesterday. So what's the next step now and how long will it take to get the formal offer.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
kingstreet wrote: »Sorry to be a bit blunt, but did no-one explain to you what was going to happen when you allowed them to submit a mortgage application on your behalf?
He's gone direct so it would have been explained with Nationwide tinted specs on!
Yes of course it's a good idea to have 17 different departments to check different aspects before someone starts asking silly questions!
Seriously though, they will get there in the endI am a Mortgage Adviser
You 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 -
thank you for replying. well let's wait and see.0
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Nationwide were an absolute joke when I tried with them. I got that fed up I cancelled my application with them. That was 28th October, I am still waiting for my valuation fee to be refunded!! They are an absolute shambles!!
Applied with TSB, took 6 working days from AIP to full offer. Absolute dream in comparison to NW.0 -
We applied and had the offer in hand in 6 working days back in September so sometimes they really can be quick!Thinking critically since 1996....0
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Is it worth going through a broker if I can go directly online? I'm current Nationwide customer with mortgage and want to move and take new mortgage product. I found the new product myself but gave a chance to broker to see if he can come up with something better.
My case is not complicated and I'm not sure what would be benefit of going through a broker except letting him earn provision for arranging it. If I go directly, I will get cash back myself but it's not significant amount. Will broker save me any hassle and will be an extra link in chain that can cause delays?0 -
This is my experience with Nationwide
22.06.15 Mortgage appt at branch, Decision in principle.
01.07.15 Valuation/Survey
03.07.15 12.02pm Text to say valuation received from surveyor
03.07.15 12.03pm Text to say formal mortgage offer issued
08.07.15 Mortgage offer received in post.
HTHDon't wait for your ship to come in, swim out to it.0
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