Waiting patiently (!!!) for our mortgage offer...

Didymus

Hi all,

Apologies if there is already a recent thread on this subject, I couldn't find one so thought I'd start a new one. We're currently waiting for our mortgage offer to buy our first home. So far everything seems to be going well and moving quickly, but ever the pessimist, I'm waiting for something to go wrong! Our journey started by putting an offer in on a place, but then ended up having to wait two weeks for the vendor to decide which offer they would accept. We found out this Monday that they chose a different party so we arranged multiple viewings of other properties we'd been interested in on Tuesday and Wednesday. On Wednesday we viewed the property that was 'the one', and we're now in the anxious wait for our mortgage offer to come through. Anyone fancy adding their stories and joining me in the wait?

Our timeline so far -
21/11 - AIP from Halifax
22/11 - made offer on first property
10/12 - offer rejected on first property
12/12 - viewed 'the one' and put in an offer. Estate agents came back saying the vendor was hoping for a bit more. Offered £3000 more with the proviso that the property was removed from the market immediately. Offer accepted half an hour later and property marked as 'Sold STC'.
12/12 evening - Made full application over the phone with Halifax mortgage advisor. Passed credit checks, valuation fee taken.
13/12 - upload requested proof of income (3 payslips each as my partner earns commission and I earn a shift allowance for working nights and weekends, and CMS letter to prove nominal maintenance from ex husband).
14/12 - call from Halifax as notes have gone on about our payslips. They noticed additional income (holiday pay) and wanted to confirm whether this was included in annual salary. Advisor tells us at the same time that valuation booked for 17/12 and all is looking very good as affordability well within (we're borrowing £229000 and they are willing to lend up to £330000), credit checks all fine and just waiting on valuation.

So now, we wait :eek:

AdrianC

So your offer was accepted on Wednesday this week, and you made the full application that evening, the lender have already confirmed a few details about income, and the valuation's booked for Monday. That's pretty damn quick so far...



You won't get a firm offer until the lender has confirmed the valuation agrees the property is acceptable security.


Don't forget that there's a heck of a lot of other things between now and exchange. Easter's late April next year... That should be doable, everything else being equal. Any chain?

Sanne

Have a look over on the mortgage board, there is a waiting for mortgage offer thread - after that you can then join the waiting for exchange thread on this board

Didymus

Thanks Adrian. Yes, it is super quick so far. I'm not complaining, just anxiously waiting.

There is no chain at all. We're first time buyers and currently renting, and the place we're buying is being rented currently and the tenant is moving out on the 26th Jan. The owner is keen to move quickly which is why they accepted our offer over another one, due to our position.

I'm not worried about when it all eventually happens, just anxiously awaiting the mortgage offer, which our advisor says should be happening on Tuesday if the valuation goes as expected.

Didymus

Sanne wrote: »

Have a look over on the mortgage board, there is a waiting for mortgage offer thread - after that you can then join the waiting for exchange thread on this board

Thank you! I'll head over there 😊