Our application was submit 3rd of June. They asked for more documents on the 8th (wet signatures rather than e signatures on two forms)
Still waiting on a CML or disclosure of incentives form from the developer (they've been difficult right through) we've since found out that the person dealing with our information went on holiday last week (as much use as when she was in the office to be fair) The developers keep asking for documents they've been given and not sending out information we asked to be sent to the solicitors over 2 weeks ago.
They want to exchange contracts within 28 days but they didn't even give us the homebuilders code until the 5th day, obviously then it was a 4 day wait until we got our ATP. The developers are really screwing us over.
Also precise asked for our children's D.O.B's, not sure what for.
No direct questions from precise yet, completion date isn't until Jan/Feb anyway but the waiting/not knowing is pretty unbearable to say the least.
Our valuation fee was refunded today so I guess that means it can take 3 days from application to rejection!
If you do get decline then least you can go to new lender I know bluestone and kensington plus few others accept alot more than precise..I'm sure your broker will know of more.. its not the end 😊
Got an update today and they had one last question and have said we should be at valuation this week. MB wasn't sure whether because its a remortgage transfer of equity if it will just be a drive by valuation. Just glad we are nearly there x
We've still not been contacted by precise. They've asked how much of tax year 20/21 income is from seiss grant (my dip was based without seiss grants)
Our MA keeps asking for a yearly overview of my partners universal credit, obviously with me being self employed paid weekly it works out differently and is based on my incoming and outgoings each month so you don't get a set figure for a year.
We've just sent them all of our universal credit statements and hopefully that will do, otherwise they're asking for something which doesn't exist. Problem is it's totally dependent on how well the business does, the more I earn the less we get credit wise. They're basically asking for a yearly fixed sum but it doesn't work like that for self employed cases.
It's annoying really because we must have handed over the £2000 mark in fees for solicitors, developers, ma and valuation, granted most will be refundable if it's rejected but I think we'll be a good 4-600 worse off if it gets knocked back at this stage.
Oh no thats one reason im glad we both full time employed.. and as key workers.. surely unerversal credit statemts enough as loads of people self employed in same boat as you so must be a way round it? Statement of earnings on inland revenue also could be a option?
Replies
They asked for more documents on the 8th (wet signatures rather than e signatures on two forms)
Still waiting on a CML or disclosure of incentives form from the developer (they've been difficult right through) we've since found out that the person dealing with our information went on holiday last week (as much use as when she was in the office to be fair) The developers keep asking for documents they've been given and not sending out information we asked to be sent to the solicitors over 2 weeks ago.
They want to exchange contracts within 28 days but they didn't even give us the homebuilders code until the 5th day, obviously then it was a 4 day wait until we got our ATP. The developers are really screwing us over.
Also precise asked for our children's D.O.B's, not sure what for.
No direct questions from precise yet, completion date isn't until Jan/Feb anyway but the waiting/not knowing is pretty unbearable to say the least.
Our MA keeps asking for a yearly overview of my partners universal credit, obviously with me being self employed paid weekly it works out differently and is based on my incoming and outgoings each month so you don't get a set figure for a year.
We've just sent them all of our universal credit statements and hopefully that will do, otherwise they're asking for something which doesn't exist. Problem is it's totally dependent on how well the business does, the more I earn the less we get credit wise. They're basically asking for a yearly fixed sum but it doesn't work like that for self employed cases.
It's annoying really because we must have handed over the £2000 mark in fees for solicitors, developers, ma and valuation, granted most will be refundable if it's rejected but I think we'll be a good 4-600 worse off if it gets knocked back at this stage.