Vida Homeloans return to market?

Resnik001

Rickydewitt said:

Hi all, we've lost all contact the past few days, our MB has said they haven't replied to his notes that he's left on our case. I'm starting to loose hope, I also check VIDA's trust pilot and I understand people will always write the bad stuff but the last few reviews really related to most of our stories on here etc. Such a stressful and difficult time 

Know how you feel mate, in normal circumstances it is stressful. In the middle of a global pandemic, has certainly increased anxiety levels. I tend not to read reviews personally, as you cannot gauge or ascertain if applications are the same as yours. Though easier said than done.

kays69

Resnik001 said:

Hi all, noticed today we have been hard searched again. Search done on application date/ & yesterday. 

Update has been the adverse explanation. I’ve not got a clue what to put down. 

Just be honest in your explanantions. They do know the file's story, so now they want your story. We were asked the same questions. Good luck.

greenback

shondoc said:

greenback said:

Morning all.  I had my valuation on 09/11 and still haven't heard anything  I need to complete within the next four weeks or I'll lose my deposit from the First Home Fund.  Stress levels are through the roof.  Hope everyone is hanging in there 

We are in a similar position to you. We have 6 weeks left to get a mortgage sorted or lose the FHF however my mortgage broker told me they can ask for the reward letter to be reissued and he didn’t think it was a problem? 

Oh really?!  That's so good to know!  I really hope it's the case as it's added stress on top of the mortgage fiasco   

greenback

emmabricksandmortar said:

Hi again everyone. Just wanted to let you know we completed today. Don’t panic, it takes forever but it will be ok 💐 

Well done! It's good to hear some positive news!  Happy new home 

Sophielucia22

Hi everyone. I am new to the thread! It’s good to hear some positive stories! 

Our application was submitted on 12th October, our broker asked for an adverse letter from my partner the day after then we haven’t heard anything else since. Our valuation was 2 weeks ago! Our vendors are purchasing a new build and need to exchange before Christmas but I can’t see it happening at this rate! So frustrating! I just want to know whether we will get the mortgage or not! Hate the waiting around

kays69

Sophielucia22 said:

Hi everyone. I am new to the thread! It’s good to hear some positive stories! 

Our application was submitted on 12th October, our broker asked for an adverse letter from my partner the day after then we haven’t heard anything else since. Our valuation was 2 weeks ago! Our vendors are purchasing a new build and need to exchange before Christmas but I can’t see it happening at this rate! So frustrating! I just want to know whether we will get the mortgage or not! Hate the waiting around

Welcome to the waiting place!!! We have been waiting for a bit now, but things seem to have started moving. Our app was mid-September. There are quite a good number of positive outcomes here, so that has kept us going. And it is a good sharing platform. Keep the faith. I am not sure December completion that feasible, but you never know. 

JaneEyre

Just wanted to post and let everyone know that we got the keys to our new house today!  I still can't quite believe that after waiting over 7 weeks for our mortgage offer, we got our keys on our original settlement date!!

I'm posting our timeline again, as I know that helped me when we were waiting.  Good luck everyone. I never really believed we would be able to get a mortgage, and now here we are! You will get there too.  

10/9/20 - DIP
23/9/20 - Offer on house accepted
24/9/20 - Full application went in
24/9/20 - Hard search done
25/9/20 - Asked to fill out gifted deposit form and reason for bad credit.
29/9/20 - Asked if we took payment holidays and told case progressed to underwriter and should have update within 9 days!
27/10/20 - Asked for bank statement and first home fund award letter.  Valuation instructed.
2/10/20 - Vida received valuation. In queue for review...
13/11/20 - Verbal offer
20/11/20 - Got house keys

bell2020

Amazing!!! Congratulations @JaneEyre!!

SarahMayhtb

Has anyone seen the new update on timescales on vidas website. I can’t make sense of it? 

bell2020

SarahMayhtb said:

Has anyone seen the new update on timescales on vidas website. I can’t make sense of it? 

I read it as 29 working days inital underwrite. It takes 1 working day to instruct valuation. Then 21 working days for final review/underwrite/offer !? 🤷‍♀️