Vida Homeloans return to market?

SarahMayhtb

bell2020 said:

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 !? 🤷‍♀️

I thought so 😫 we’re on working day 29 now-ish! Do you think that means we could be waiting until mid/late December for offer? 😱

haras_n0sirrah

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 💐 

Glad it all got sorted in the end and the other broker managed to get the 2 year. 

emmabricksandmortar

Thanks so much @haras_n0sirrah and thank you for listening to me rant on the phone and getting our other DIP in case they didn’t agree to go back on the 2 year. Honestly, I was surprised they did!! 

I highly recommend anyone looking for a mortgage to come to you and we will be in around 18 months!! Thanks again 💐

haras_n0sirrah

emmabricksandmortar said:

Thanks so much @haras_n0sirrah and thank you for listening to me rant on the phone and getting our other DIP in case they didn’t agree to go back on the 2 year. Honestly, I was surprised they did!! 

I highly recommend anyone looking for a mortgage to come to you and we will be in around 18 months!! Thanks again 💐

No problem at all. Staying with the same lender and getting the 2 year was the clear first choice solution due to speed - just a shame you needed to worry and look for alternatives really. Enjoy your new home and will speak to you again in the future

Emeljay19

Hello All
Ive never posted in a forum like this before but I am also awaiting a decision on a mortgage with Vida.
We were given our AIP on 18/09/2020
Application officially entered and £180 fee taken on 25/09/20
Valuation Instructed on 6/11/20
Valuation completed on 12/11/20
More questions asked on 17/11/20 and advised passed to senior underwriter 19/11/20. 

Senior underwriter asked final questions on 20/11/20 to which we responded straight away. I’m now told we have a 3 working day SLA so should get final decision by tomorrow. 

We are buying a new build with h2b. House is complete, we have had our new home demonstration and builders wanting to complete by 27/11/20 but will push to 30/11/20 latest. 

I have never been so stressed in my whole life! I feel sick. If Vida say no, the builders will remarket the house.
I’ve read through and there appears to be success stories. Has anyone been refused by Vida this late on? I think I’ve convinced myself they would have said no by now but I may just be wishful thinking. We haven’t paid for the valuation 

mariesch1

Well we were asked to complete a few questions which we did and also my partner's work to fill in a vida own form for reference and overtime to which they said they cannot do but provided  a reference on their own headed paper with details etc which Vida are saying that they cannot accept. I haven't got a clue as if we don't they say there is no mortgage offer. We are pleading with his company but getting no where. I feel like its just getting no where after nearly 2 months. Stressed is not even the word atm!!

bell2020

Feeling the stress here too.... 

Our valuation took place last Friday. Then we had an email from solicitor with a copy of an email from sellers solicitor saying the seller is now stating the gifted deposit is now a loan and he wants a charge on the property. 100k!!! The seller is my father in law. Vida will not agree to this so unless FIL changes his mind we cannot buy the house and we are stuck living in a cold caravan with our children 😭😭

Emeljay19

We have spoken to our broker today. Everything is completely fine except my partner hasn’t been registered on the electoral role for 2 years. He only registered in 2019. Vida have said we need to provide a posted utility bill, bank or credit card statement, or tax documented which was posted 18 months ago. We have nothing. Everything we do is online and they will not accept online stuff. Has to have been posted! Broker has put a note on our file and we await a decision on Wednesday from the senior underwriter to see if they will accept us anyway. 

Has anyone else been in a similar position?

bell2020

Emeljay19 said:

We have spoken to our broker today. Everything is completely fine except my partner hasn’t been registered on the electoral role for 2 years. He only registered in 2019. Vida have said we need to provide a posted utility bill, bank or credit card statement, or tax documented which was posted 18 months ago. We have nothing. Everything we do is online and they will not accept online stuff. Has to have been posted! Broker has put a note on our file and we await a decision on Wednesday from the senior underwriter to see if they will accept us anyway. 

Has anyone else been in a similar position?

Hi, as it says in my signature.. we were asked for proof of address from June 2019 and also June 2018. I downloaded online PDF bank statements for that period to confirm the addresses at those times! 

Emeljay19

bell2020 said:

Emeljay19 said:

We have spoken to our broker today. Everything is completely fine except my partner hasn’t been registered on the electoral role for 2 years. He only registered in 2019. Vida have said we need to provide a posted utility bill, bank or credit card statement, or tax documented which was posted 18 months ago. We have nothing. Everything we do is online and they will not accept online stuff. Has to have been posted! Broker has put a note on our file and we await a decision on Wednesday from the senior underwriter to see if they will accept us anyway. 

Has anyone else been in a similar position?

Hi, as it says in my signature.. we were asked for proof of address from June 2019 and also June 2018. I downloaded online PDF bank statements for that period to confirm the addresses at those times! 

Thank you for this. We have supplied online stuff so I’m hoping they accept it 🤞🏻🤞🏻

I really hope you manage to find a resolution too