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Nationwide help to buy mortgage via broker
beckywills
Posts: 13 Forumite
Hey home buyers!
We have applied via a broker for a first time buyer mortgage with HTB Wales. The DIP was initially referred and has now been updated to "subjective accept" and full app and docs submitted, what exactly does the subjective accept mean and what's the chances of it being declined now? Hate this waiting game!! valuation has also been booked for Monday...
We have applied via a broker for a first time buyer mortgage with HTB Wales. The DIP was initially referred and has now been updated to "subjective accept" and full app and docs submitted, what exactly does the subjective accept mean and what's the chances of it being declined now? Hate this waiting game!! valuation has also been booked for Monday...
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Comments
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What has your broker said?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 -
That he thinks it should be ok but can't say for certain until mortgage offer has been generated, just looking to see if anyone's had a subjective accept and all been ok afterwards or if a decline is still possible0
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A decline is always possible until you have a formal offer.
Trust your broker.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 -
I know that I was just wondering how likely that is and whether or not a subjective accept is a promising thing?0
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Subjective Accept means its been to head office underwriters for approval and been given the green light. Unless there are any material changes you can take this as good to go.I am a Mortgage & Protection Broker
MSE doesn't check my status so you have to take my word for it. Any information posted is for discussion only and should not be seen as advice. I am FCA Registered, registration details available on request.0 -
Really? That's good news, it did go from refer to subjective accept pretty quickly didn't think they would be able to get an underwriter to look at it that quick0
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Ordinarily yes, the other outcome would be the DIP refer was picked up my low risk underwriters due to an address formatting issue and had been checked by them and it's gone as a subjective accept, were you asked for 3 months bank statements at any point?I am a Mortgage & Protection Broker
MSE doesn't check my status so you have to take my word for it. Any information posted is for discussion only and should not be seen as advice. I am FCA Registered, registration details available on request.0 -
No haven't been asked for any bank statements, my husband banks with them I don't0
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Ah ok, likely it's been an address issue that has been picked up by the low risk underwriters and it's gone to subjective accept. That can still change.I am a Mortgage & Protection Broker
MSE doesn't check my status so you have to take my word for it. Any information posted is for discussion only and should not be seen as advice. I am FCA Registered, registration details available on request.0 -
Oh ok, so they may come back and ask for more documentation etc and still decline? Boo!
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