Nationwide Mortgage

Harria01

RightBobbyDazzler said:

Harria01 said:

scots1991 said:

Just had our mortgage offer agreed (whilst I was researching reasons why a mortgage may get declined...I was really stressing based on other peoples experiences).
Our timelines (25 WD): 
Joint FTB 85% LTV
Application submitted: 18/09
Valuation requested: 18/09
Initial documents sent (partners pay slip and gifted deposit form- these are the only documents they ever asked for): 24/09
Valuation booked: 25/09
Valuation completed: 29/09
Passed vetting process: 29/09
Valuation received by Nationwide: 30/09 (I didn't get any text to say it had been approved)
Update 20/10: I called Nationwide for an update. Was told application was sent to senior underwriter queue (I think that’s what they said- some additional approval?) but then was determined this wasn't required so went back to original case worker and back into that queue to look at docs. So looks like my application was in and out of queues for 2 weeks.... Was told would hear more on 27/10
Mortgage offer issued text and email received: 23/10

I can’t see any hard credit check performed yet (have signed up to Equifax free trial and nothing on there yet- can’t access TransUnion atm)

 Some details that may help other people who are worrying:

1. My partner was on furlough but back full time and pay now – the pay slip provided showed that
2. My partner had gone into his overdraft (max £400 in March- other months not as much) but as we didn’t provide bank statements, Nationwide would have only seen what was on the Credit Report which for the past 4 months show overdraft as £4, £0, £14, £0 (based on the day it was reported). So I know there have been some people refused mortgages because of overdraft usage, so may depend how much and how much this is in relation to overall income. I never went into my overdraft and between us we have monthly income of ~£5,500 and are borrowing just under 4x our salary- so they may not see that as an impact to affordability. I could have helped him out of the overdraft sooner as I earn more than he does but I always asked if he was ok with money which he said yes! But no overdraft now and he is managing money better!
3. My partner also has a thin credit file. All bills etc are in my name and he doesn’t have a credit card just one current account- so thought this may impact us but hadn’t seemed to. But neither of us any late payments etc.

So just hang in there and don’t read too much into other peoples declines- lots of factors impact this. Good luck!

Thanks! My application was only completed 3 days after yours. On furlough too (ltd co director) but income slowly coming back upto to normal levels and with a good ltv and credit rating with no use of any credit fingers crossed should be ok.....now on working day 25! They est 26 Working days. 

My fingers are crossed for you!

Thanks i had an email from consultant today to said approval and offer letter had been sent out 20th oct. So that would of been 22 days to offer. Not recieved in post yet but its only been 3 days yet. 

higgins99

New here been keeping an eye on this thread for a while now so thought I’d add my timeline in we’re FTB with 80% LTV
Application recieved text 12/10
valuation booked and recieved 13/10
hard credit check 22/10 
and they sent us a gifted deposit form to fill out on the 22nd so that’s been sent back now just a waiting game🤞🏼

Appleiau

Hey all, first time poster sharing my (somewhat bleak) experience so far. 
I'm a FTB with 90% LTV going through a broker.
01/09 I received the application received text, the valuation booked for the 15/09 and then... Nothing. 
I've been chasing my broker regularly and all they can tell my is that Nationwide have advised it's still in the back log.
I'm starting to forget what the house looked like 

citygurly

Appleiau said:

Hey all, first time poster sharing my (somewhat bleak) experience so far. 
I'm a FTB with 90% LTV going through a broker.
01/09 I received the application received text, the valuation booked for the 15/09 and then... Nothing. 
I've been chasing my broker regularly and all they can tell my is that Nationwide have advised it's still in the back log.
I'm starting to forget what the house looked like 

I share your frustration, and we too can't remember what the house looks like, Nationwide sure take the excitement out of the home buying process

HJK2017

Hello all,
First time poster here. I am a FTB with 85% LTV and have gone through a broker. I am becoming anxious waiting to hear back from NW.
Here is my timeline:
DIP: 03/09
Full application submitted: 14/10
Full application received: 14/10
Valuation booked: 14/10 for 19/10
Hard search shown on Equifax: 24/10

I haven’t heard anything back from the valuation 🤷‍♀️ Think I might ring them up tomorrow. 

hburnett163

Appleiau said:

Hey all, first time poster sharing my (somewhat bleak) experience so far. 
I'm a FTB with 90% LTV going through a broker.
01/09 I received the application received text, the valuation booked for the 15/09 and then... Nothing. 
I've been chasing my broker regularly and all they can tell my is that Nationwide have advised it's still in the back log.
I'm starting to forget what the house looked like 

our application was submitted on the same day! We haven’t even heard about a valuation 
you can always ask to see the house again!

GN2020

Appleiau said:

Hey all, first time poster sharing my (somewhat bleak) experience so far. 
I'm a FTB with 90% LTV going through a broker.
01/09 I received the application received text, the valuation booked for the 15/09 and then... Nothing. 
I've been chasing my broker regularly and all they can tell my is that Nationwide have advised it's still in the back log.
I'm starting to forget what the house looked like 

I stare longingly at the photos I took 🤣

GN2020

hburnett163 said:

Appleiau said:

Hey all, first time poster sharing my (somewhat bleak) experience so far. 
I'm a FTB with 90% LTV going through a broker.
01/09 I received the application received text, the valuation booked for the 15/09 and then... Nothing. 
I've been chasing my broker regularly and all they can tell my is that Nationwide have advised it's still in the back log.
I'm starting to forget what the house looked like 

our application was submitted on the same day! We haven’t even heard about a valuation 
you can always ask to see the house again!

We’ve not heard a thing about the valuation either. 

I wonder if they do a desktop valuation whether we receive the text message that everyone else gets because they’re not actually booking in to see it....

Appleiau

hburnett163 said:

our application was submitted on the same day! We haven’t even heard about a valuation 
you can always ask to see the house again!

Alas, I live in Wales. Being allowed to visit again to measure for furniture is all but a dream  😂

Here's hoping they book the valuation soon, this timescale is bonkers!

alvaronistal

HJK2017 said:

Hello all,
First time poster here. I am a FTB with 85% LTV and have gone through a broker. I am becoming anxious waiting to hear back from NW.
Here is my timeline:
DIP: 03/09
Full application submitted: 14/10
Full application received: 14/10
Valuation booked: 14/10 for 19/10
Hard search shown on Equifax: 24/10

I haven’t heard anything back from the valuation 🤷‍♀️ Think I might ring them up tomorrow. 

Our case is very similar, through broker, 85% LTV and submitted on the 8/10 but valuation was like yours on the 19th. We had the hard search on the 21st. By what I've read here valuations take over 5 days to be received if they're not desktop. Hoping to hear this week, as you would probably do.