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Nationwide Mortgage

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Comments

  • Tonyw193
    Tonyw193 Posts: 103 Forumite
    10 Posts Name Dropper
    Tonyw193 said:
    Looks like there goes another blinking day 😭 what are these people doing, one application a day!!
    You would certainly think so onto day 34 now, their process is pathetic. 
    Can't believe it what could possibly be taking so long I know it's a lot of money and with covid there is added risk but it's a yes or no why does that take months
    I just think they don't have a decent system in place. It seems that should they have a query or question your instantly back of the queue again. They've seen a big rise in demand just dont think they're set up to cope with it. 
    Nationwide FTB 90%LTV
    Full applications 26/08
    Valuation booked 26/08 
    Hard Search (equifax & Transunion) 04/09
    Valuation completed 8/9 
    Valuation approved 30/9 
    More documents requested 30/9 
    Mortgage offer 16/10
  • Tonyw193 said:
    Tonyw193 said:
    Looks like there goes another blinking day 😭 what are these people doing, one application a day!!
    You would certainly think so onto day 34 now, their process is pathetic. 
    Can't believe it what could possibly be taking so long I know it's a lot of money and with covid there is added risk but it's a yes or no why does that take months
    I just think they don't have a decent system in place. It seems that should they have a query or question your instantly back of the queue again. They've seen a big rise in demand just dont think they're set up to cope with it. 
    Agreed but after Lloyds they are the biggest mortgage provider in the UK, so why aren't they set up to cope? 
    40% LTV
    Nationwide Application
    Full Application - 02/09
    Valuation booked - 03/09
    Valuation received - 03/09
    Hard search - 12/09
    Latest wage slip requested and provided - 21/09
    Award letter requested and provided - 11/10
    Mortgage offer - 04/11
  • Tonyw193
    Tonyw193 Posts: 103 Forumite
    10 Posts Name Dropper
    citygurly said:
    Tonyw193 said:
    Tonyw193 said:
    Looks like there goes another blinking day 😭 what are these people doing, one application a day!!
    You would certainly think so onto day 34 now, their process is pathetic. 
    Can't believe it what could possibly be taking so long I know it's a lot of money and with covid there is added risk but it's a yes or no why does that take months
    I just think they don't have a decent system in place. It seems that should they have a query or question your instantly back of the queue again. They've seen a big rise in demand just dont think they're set up to cope with it. 
    Agreed but after Lloyds they are the biggest mortgage provider in the UK, so why aren't they set up to cope? 
    Totally agree, i think they're rather happy to allow you to wait a long with gradually increasing their Intrest rates for FTB. Its shocking that they're allowed to get away with it and put peoples lives on hold. Buying a house should be an exciting experience but this is anything but. 
    Nationwide FTB 90%LTV
    Full applications 26/08
    Valuation booked 26/08 
    Hard Search (equifax & Transunion) 04/09
    Valuation completed 8/9 
    Valuation approved 30/9 
    More documents requested 30/9 
    Mortgage offer 16/10
  • mh_ww said:
    EA emailed to say vendor is wondering what's going on.. first thing I've really heard from them since the application went in other than a couple of emails I sent to say I still existed. I really hope NW deliver soon.
    I have regular calls from estate agent for ‘updates’ each time they push asking why it’s not done and that the vendors have a new build waiting for them... I honestly wish I could tell them what nationwide are up to but who knows!
    pretty sure at one point they even doubted we had applied for the mortgage!!
    First time buyer (FTB) - 90% Loan to value (LTV)
    Nationwide Application
    01/09 - confirmation of application being received
    11/09 - Alert from Clear Score of hard check being carried out
    25/09 - Spoke with Nationwide via 'web chat' box on their website and they confirmed our documents hadn't been reviewed yet
    27/10 - request for payslips (even though they were provided to our broker at the beginning of the application)
    31/10 - Mortgage appointment with Barclays to explore Springboard mortgage options
  • mh_ww said:
    EA emailed to say vendor is wondering what's going on.. first thing I've really heard from them since the application went in other than a couple of emails I sent to say I still existed. I really hope NW deliver soon.
    I have regular calls from estate agent for ‘updates’ each time they push asking why it’s not done and that the vendors have a new build waiting for them... I honestly wish I could tell them what nationwide are up to but who knows!
    pretty sure at one point they even doubted we had applied for the mortgage!!
    Same, our vendors estate agent are understanding of the situation (the vendors have moved out and aren't in a rush to complete), our estate agent on the other hand are chasing us up on progress every other day, I have told them that as soon as I hear anything they will be the first to know obviously! Today they asked for my MB's number to speak direct to him. They rung him and he confirmed what I had told them. They are being a bit annoying to say I will be paying them, not our buyer!!
    40% LTV
    Nationwide Application
    Full Application - 02/09
    Valuation booked - 03/09
    Valuation received - 03/09
    Hard search - 12/09
    Latest wage slip requested and provided - 21/09
    Award letter requested and provided - 11/10
    Mortgage offer - 04/11
  • LZRBOI
    LZRBOI Posts: 39 Forumite
    10 Posts
    Another house, another down valuation. About to lose it! Last house was £14,000 under and this is £10,000! 

    Nationwide Application / Joint FTB / 85% LTV 

    DIP accepted 4/10
    Full Application Received 4/10
    Valuation Instructed 4/10
    Valuation access requested 4/10
    Valuation report requested 4/10
    Valuation booked and on hold 6/10
    Valuation booked for 9:00am 9/10 on 7/10
    Valuation received and under review 9/10
    Down valuation of £10,000 received 14/10
  • LZRBOI said:
    Another house, another down valuation. About to lose it! Last house was £14,000 under and this is £10,000! 
    No way :neutral:
    That’s so s*** i’m sorry! Crossing everything that the vendor will reduce the price?! 
    FTB- 90% LTV
    Nationwide Application
    DIP - 27/08
    Full Application - 28/08
    Valuation Booked - 01/09
    Hard Search - 07/09
    Valuation Completed - 09/09
    Valuation Reviewed & Accepted - 28/09
    Mortgage Offer Received - 29/09




  • Tonyw193
    Tonyw193 Posts: 103 Forumite
    10 Posts Name Dropper
    LZRBOI said:
    Another house, another down valuation. About to lose it! Last house was £14,000 under and this is £10,000! 
    You've got to be kidding!! I feel so sorry for your situation. Hopefully can come to some agreement 
    Nationwide FTB 90%LTV
    Full applications 26/08
    Valuation booked 26/08 
    Hard Search (equifax & Transunion) 04/09
    Valuation completed 8/9 
    Valuation approved 30/9 
    More documents requested 30/9 
    Mortgage offer 16/10
  • GN2020
    GN2020 Posts: 227 Forumite
    Third Anniversary 100 Posts Name Dropper
    LZRBOI said:
    Another house, another down valuation. About to lose it! Last house was £14,000 under and this is £10,000! 
    Aw no, I’m so sorry! 
    Is there any chance the seller will reduce the price at all? 
  • Good morning people, I am determined to go in to today feeling positive. Good luck everyone my fingers are crossed for you all.
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