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Nationwide First Time Buyer Mortgage
CMT1994
Posts: 2 Newbie
Hi everyone,
If you are like us, then you'd have been scouring these forums for some relief to the absolutely horrific stress that comes with applying for a mortgage as a FTB.
As the newest forum I could find was 2018 I thought I'd share our experience/timeline here in 2020.
Timeline
Monday 6th Jan 2020 - Decision in Principle refer
Tuesday 7th Jan 2020 - Decision in Principle approved (following document submission)
Thursday 9th Jan 2020 - Mortgage Application submitted
Wednesday 15th Jan 2020 - Mortgage Valuation
Wednesday 15th Jan 2020 - Mortgage Valuation received
Friday 17th Jan 2020 - Valuation approved
Monday 20th Jan 2020 (Afternoon) - Request for verification on ID Docs
Monday 20th Jan 2020 (Evening) - Mortgage offer
Our LTV is 92%. We got texts and emails at every milestone with only 2 chaser calls.
Its been a very stressful time and its only 1 hurdle but all in all Nationwide have been very quick at processing our application, we were hard credit checked on the 16th Jan after the valuation.
I wish all FTB and anybody getting a mortgage the best of luck! You'll get through it (what i kept telling myself)
If you are like us, then you'd have been scouring these forums for some relief to the absolutely horrific stress that comes with applying for a mortgage as a FTB.
As the newest forum I could find was 2018 I thought I'd share our experience/timeline here in 2020.
Timeline
Monday 6th Jan 2020 - Decision in Principle refer
Tuesday 7th Jan 2020 - Decision in Principle approved (following document submission)
Thursday 9th Jan 2020 - Mortgage Application submitted
Wednesday 15th Jan 2020 - Mortgage Valuation
Wednesday 15th Jan 2020 - Mortgage Valuation received
Friday 17th Jan 2020 - Valuation approved
Monday 20th Jan 2020 (Afternoon) - Request for verification on ID Docs
Monday 20th Jan 2020 (Evening) - Mortgage offer
Our LTV is 92%. We got texts and emails at every milestone with only 2 chaser calls.
Its been a very stressful time and its only 1 hurdle but all in all Nationwide have been very quick at processing our application, we were hard credit checked on the 16th Jan after the valuation.
I wish all FTB and anybody getting a mortgage the best of luck! You'll get through it (what i kept telling myself)
0
Comments
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I'm SO pleased to see some positive news on this forum! I am a FTB looking to buy in the next few months and all I can see are horror stories and people having negative experiences
if you are still to complete, I wish you the best of luck and a happy life in your new home! First Time Buyer (Scotland)
DIP 13/02/2020 ~ Offer Accepted 02/03/2020 ~ Full Application 19/3/2020 ~ Valuation Booked 19/03/2020 ~ Mortgage Offer Issued 20/03/2020 ~ Completed 15/05/20200
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