Nationwide Mortgage

sambobalob

After weeks of lurking, I've finally joined add my voice to the tales of woe on here. We are now at day 30 and haven't even had a hard search (just a soft one back at the beginning of the month). The vendor's estate agents are chasing me every day and I honestly think they are close to putting it back on the market - we are holding up the entire chain. I don't know what to do, it's so stressful and as 10% buyers I think this is our one and only roll of the dice at the moment. If not, we have to be out of our rental by February and not sure what we will do from here - rentals are few and far between in our area. It's taken us years to save up nearly £30,000 and I just feel so exhausted. The only contact we've had requests for further documents which we have provided on the same day every time. Our broker said he thought we should hear something further today but I don't hold out any hope anymore. I feel so much for each and every one of you on here who are going through this too. I feel like if it's taking months for them to process mortgages then maybe they need to pause applications for a while to catch up. 

Sorry, just a bit of a rant really. Fingers crossed everyone has positive news soon. 

fingersallcrossed2020

sambobalob said:

After weeks of lurking, I've finally joined add my voice to the tales of woe on here. We are now at day 30 and haven't even had a hard search (just a soft one back at the beginning of the month). The vendor's estate agents are chasing me every day and I honestly think they are close to putting it back on the market - we are holding up the entire chain. I don't know what to do, it's so stressful and as 10% buyers I think this is our one and only roll of the dice at the moment. If not, we have to be out of our rental by February and not sure what we will do from here - rentals are few and far between in our area. It's taken us years to save up nearly £30,000 and I just feel so exhausted. The only contact we've had requests for further documents which we have provided on the same day every time. Our broker said he thought we should hear something further today but I don't hold out any hope anymore. I feel so much for each and every one of you on here who are going through this too. I feel like if it's taking months for them to process mortgages then maybe they need to pause applications for a while to catch up. 

Sorry, just a bit of a rant really. Fingers crossed everyone has positive news soon. 

Have you had a valuation yet?

mh_ww

Mortgage broker has advised mortgage approved subject to valuation! Date of which tbc. So relieved but not sunk in yet. One big hurdle out the way. Working day 44

kathonetwo34

mh_ww said:

Mortgage broker has advised mortgage approved subject to valuation! Date of which tbc. So relieved but not sunk in yet. One big hurdle out the way. Working day 44

So happy for you hoping the valuation doesn't take an age 

bekabyx

mh_ww said:

Mortgage broker has advised mortgage approved subject to valuation! Date of which tbc. So relieved but not sunk in yet. One big hurdle out the way. Working day 44

Yes! I'm so happy for you
Best of luck with the valuation.

sambobalob

fingersallcrossed2020 said:

Have you had a valuation yet?

No, not even a sniff of it! I hoping we at least hear something on that front this week but not holding out too much hope!

sambobalob

mh_ww said:

Mortgage broker has advised mortgage approved subject to valuation! Date of which tbc. So relieved but not sunk in yet. One big hurdle out the way. Working day 44

Congratulations! I think that one of the things that is giving me hope is that they seem to be doing all of the heavy underwriting work upfront, so if you get to valuation (and that's ok) you seem to be on firm ground. Fingers crossed valuation is quick and painless!

scots1991

Just spoke to the Nationwide chat for an update as hadn't heard anything since they received the valuation report over 2 weeks ago. Just said they still have to verify the documents still. Did say I passed the vetting stage on 29/09- but not sure what this means! 
If it helps (but is probably standard response) he said that 'the Mortgage team are working hard to prioritise applications that are nearing completion' - so hopefully people will hear something soon! Does seem silly that they don't just focus on completing one application, but rather send it back to the queue after requesting new docs! Good luck all

OneOfThem12

mh_ww said:

Mortgage broker has advised mortgage approved subject to valuation! Date of which tbc. So relieved but not sunk in yet. One big hurdle out the way. Working day 44

Congrats! Hope everything goes well with the valuation. 

citygurly

sambobalob said:

After weeks of lurking, I've finally joined add my voice to the tales of woe on here. We are now at day 30 and haven't even had a hard search (just a soft one back at the beginning of the month). The vendor's estate agents are chasing me every day and I honestly think they are close to putting it back on the market - we are holding up the entire chain. I don't know what to do, it's so stressful and as 10% buyers I think this is our one and only roll of the dice at the moment. If not, we have to be out of our rental by February and not sure what we will do from here - rentals are few and far between in our area. It's taken us years to save up nearly £30,000 and I just feel so exhausted. The only contact we've had requests for further documents which we have provided on the same day every time. Our broker said he thought we should hear something further today but I don't hold out any hope anymore. I feel so much for each and every one of you on here who are going through this too. I feel like if it's taking months for them to process mortgages then maybe they need to pause applications for a while to catch up. 

Sorry, just a bit of a rant really. Fingers crossed everyone has positive news soon. 

We are in the same boat as you, our application went in on 02/09 we had our valuation on 03/09. Our whole chain is waiting for Nationwide now.