Nationwide Mortgage

cii4ps

Got my offer after 50 workdays . FTB 85%, single applicant, no complications.

Harria01

cii4ps said:

Got my offer after 50 workdays . FTB 85%, single applicant, no complications.

Wow 50 days! Thats ridiculous. 

Im on working day 23 now and they said estimated 26 working days. Im a ltd co contractor so classed as self employed and application is having to be done manually to over ride the computer that says no lol.
All cases of over 85% and self employed are referred and manually under written now by nationwide since may 1st i beleive.

hburnett163

Have been calling nationwide everyday (saved to my contacts now, can’t believe they’ve not blocked my number  )
was told yesterday we should hear about a valuation being booked today - today is working day 36 so fingers crossed!!

Kiyonari

Called Nationwide Mortgage update line today.  The guy on the phone told me the following:  He said at the moment all referred mortgage applications are going through 2 stages.  The first stage is vetting, making sure all documentation is present and correct etc.  The second stage is the final decision with the underwriter.  He said I have passed the first stage, and the second stage is due to be completed on 30/10/2020, so a week on Friday.  He said that usually they wait to book a valuation until the final decision with the underwriter, but because I am "subject to accept", this may be able to done earlier, and he has sent an email to the valuation team to see if this can be booked in.  Can anyone explain what he meant by "subject to accept"?????  I asked him to repeat it three times and he definitley said "subject to accept", and he said that it means as long as my documentation is correct then I will be accepted?!?!  But then he kept saying "final decision" so I am a bit confused to be fair.

GN2020

Kiyonari said:

Called Nationwide Mortgage update line today.  The guy on the phone told me the following:  He said at the moment all referred mortgage applications are going through 2 stages.  The first stage is vetting, making sure all documentation is present and correct etc.  The second stage is the final decision with the underwriter.  He said I have passed the first stage, and the second stage is due to be completed on 30/10/2020, so a week on Friday.  He said that usually they wait to book a valuation until the final decision with the underwriter, but because I am "subject to accept", this may be able to done earlier, and he has sent an email to the valuation team to see if this can be booked in.  Can anyone explain what he meant by "subject to accept"?????  I asked him to repeat it three times and he definitley said "subject to accept", and he said that it means as long as my documentation is correct then I will be accepted?!?!  But then he kept saying "final decision" so I am a bit confused to be fair.

I hope you don’t mind my asking, when did you submit your mortgage application? 

Just to get an idea of where ours could be up to. 

Thank you 😊

GN2020

hburnett163 said:

Have been calling nationwide everyday (saved to my contacts now, can’t believe they’ve not blocked my number  )
was told yesterday we should hear about a valuation being booked today - today is working day 36 so fingers crossed!!

Oh god, fingers crossed for you that you get an answer today! 

Kiyonari

GN2020 said:

Kiyonari said:

Called Nationwide Mortgage update line today.  The guy on the phone told me the following:  He said at the moment all referred mortgage applications are going through 2 stages.  The first stage is vetting, making sure all documentation is present and correct etc.  The second stage is the final decision with the underwriter.  He said I have passed the first stage, and the second stage is due to be completed on 30/10/2020, so a week on Friday.  He said that usually they wait to book a valuation until the final decision with the underwriter, but because I am "subject to accept", this may be able to done earlier, and he has sent an email to the valuation team to see if this can be booked in.  Can anyone explain what he meant by "subject to accept"?????  I asked him to repeat it three times and he definitley said "subject to accept", and he said that it means as long as my documentation is correct then I will be accepted?!?!  But then he kept saying "final decision" so I am a bit confused to be fair.

I hope you don’t mind my asking, when did you submit your mortgage application? 

Just to get an idea of where ours could be up to. 

Thank you 😊

Not at all.  I did have a signature but now it says I am not permitted to have a signature!!!  Full application submitted on 25/09

hburnett163

hburnett163 said:

Have been calling nationwide everyday (saved to my contacts now, can’t believe they’ve not blocked my number  )
was told yesterday we should hear about a valuation being booked today - today is working day 36 so fingers crossed!!

Called them to check in given time of day... we were misinformed yesterday... valuation won’t be booked until the 30th October... if the sellers don’t decide to give up on us and put it back on the market by then

Harria01

hburnett163 said:

hburnett163 said:

Have been calling nationwide everyday (saved to my contacts now, can’t believe they’ve not blocked my number  )
was told yesterday we should hear about a valuation being booked today - today is working day 36 so fingers crossed!!

Called them to check in given time of day... we were misinformed yesterday... valuation won’t be booked until the 30th October... if the sellers don’t decide to give up on us and put it back on the market by then

nightmare at mo, if nationwide cant handle the demand they really need to put a stop on new applications until they can offer decent service levels

GN2020

Kiyonari said:

GN2020 said:

Kiyonari said:

Called Nationwide Mortgage update line today.  The guy on the phone told me the following:  He said at the moment all referred mortgage applications are going through 2 stages.  The first stage is vetting, making sure all documentation is present and correct etc.  The second stage is the final decision with the underwriter.  He said I have passed the first stage, and the second stage is due to be completed on 30/10/2020, so a week on Friday.  He said that usually they wait to book a valuation until the final decision with the underwriter, but because I am "subject to accept", this may be able to done earlier, and he has sent an email to the valuation team to see if this can be booked in.  Can anyone explain what he meant by "subject to accept"?????  I asked him to repeat it three times and he definitley said "subject to accept", and he said that it means as long as my documentation is correct then I will be accepted?!?!  But then he kept saying "final decision" so I am a bit confused to be fair.

I hope you don’t mind my asking, when did you submit your mortgage application? 

Just to get an idea of where ours could be up to. 

Thank you 😊

Not at all.  I did have a signature but now it says I am not permitted to have a signature!!!  Full application submitted on 25/09

I wouldn’t even have the first clue how to put a signature on here 🤣

We applied on the 18/09 so hopefully we’ll hear something soon. 

I want to pester our broker everyday but I daren’t! 😬

I hope someone on here is able to clarify what subject to accept means for you 😊