Nationwide Mortgage

hburnett163

alex864 said:

Hey all just a question, do my valuation has been sent to the lender yesterday ( confirmed by the surveyor and also confirmed that he valued the property at the same price as I offered). I have reached out to NW and they said “everything looks fine on our ends” and the review of the valuation was scheduled by 4PM today. What are the next steps now until the offer is issued? I already had the hard credit search on both Equifax and Transunion and nothing else was requested. I know I’m being a bit impatient but I’m curious what else needs to be done 😁

Are you in Scotland? The survey you commission is different to the one the lender does in England and Wales and nationwide will carry out their own valuation on the property for their risk analysis. If you are in Scotland then they use the survey you commission 

If it was a valuation booked by the lender I think if it was an in person valuation can take up to 5 working days to review the report, assuming you’ve had all your documents reviewed and accepted on that then you should get the offer soon after the valuation is analysed. If it was desktop people get their results almost straight away

alex864

hburnett163 said:

alex864 said:

Hey all just a question, do my valuation has been sent to the lender yesterday ( confirmed by the surveyor and also confirmed that he valued the property at the same price as I offered). I have reached out to NW and they said “everything looks fine on our ends” and the review of the valuation was scheduled by 4PM today. What are the next steps now until the offer is issued? I already had the hard credit search on both Equifax and Transunion and nothing else was requested. I know I’m being a bit impatient but I’m curious what else needs to be done 😁

Are you in Scotland? The survey you commission is different to the one the lender does in England and Wales and nationwide will carry out their own valuation on the property for their risk analysis. If you are in Scotland then they use the survey you commission 

If it was a valuation booked by the lender I think if it was an in person valuation can take up to 5 working days to review the report, assuming you’ve had all your documents reviewed and accepted on that then you should get the offer soon after the valuation is analysed. If it was desktop people get their results almost straight away

Hey, no I’m in Bristol but I did have a homebuyers report and the valuation carried out by the same person. I was sneaky and asked him and he confirmed. 😁
It’s just that “everything is fine on our ends” response from NW and my MB saying “it would seem that all the other documents have been approved” making me wonder is everything okay or they haven’t even looked? I submitted the application in 13th October. 

sallybeans

alexthomas21 said:

alexthomas21 said:

Hello All, 
FTB here, going through a nationwide mortgage and hope it goes smoothly...
90% LTV - could have borrowed more but settled for 81% of affordability, sent all payslips, 3 month bank statements, LISA proof and ID to broker.

12/10/2020 - application submitted 
14/10/2020 - valuation booked for 16th October 2020.
Heard nothing since off nationwide through communication channels but through live chat have said that we are having document checked and now has gone to mortgage consultant? Query if this is the underwriter, said we should know in 24 hours but that has since come and gone...

hope you all get your offers through 🙂 will keep you updated.

Keep you all updated, had a request off my broker this morning to send my LISA statement, which has been done very promptly. She expects Nationwide to start going through these and with the Wales Fire-breaker lockdown (Where I live) she is hoping Nationwide can start moving forward with all applications 

So new timeline - As i can't set up a signature 

12/10/2020 - Application submitted 
14/10/2020 - Valuation booked for 16th October 2020
21/10/2020 - Hard search done on file. 
28/10/2020 - Request made for LISA statement 

I’m on a similar timeframe to you, application and valuation dates exactly the same! Had a request middle of last week for a savings account statement (they had a statement showing the balance but it only covered a 2 week period, they wanted a full month’s statement - it’s just a regular saver with one standing order into it a month so nothing exciting to see but who am I to argue!).
Haven’t had notification of a hard search yet, which I feel like is the next key milestone. Fingers crossed I get that this week as I hate the weekends knowing I’ll definitely hear nothing.

Did you hear anything about your valuation? I got a text the evening of the valuation (a week and a half ago) to say they’d received the report and their email said they’d review it “in the next couple of days” but I’ve heard nothing since. Wish I could hear back on that so at least it’s one less hurdle to worry about!

alexthomas21

sallybeans said:

alexthomas21 said:

alexthomas21 said:

Hello All, 
FTB here, going through a nationwide mortgage and hope it goes smoothly...
90% LTV - could have borrowed more but settled for 81% of affordability, sent all payslips, 3 month bank statements, LISA proof and ID to broker.

12/10/2020 - application submitted 
14/10/2020 - valuation booked for 16th October 2020.
Heard nothing since off nationwide through communication channels but through live chat have said that we are having document checked and now has gone to mortgage consultant? Query if this is the underwriter, said we should know in 24 hours but that has since come and gone...

hope you all get your offers through 🙂 will keep you updated.

Keep you all updated, had a request off my broker this morning to send my LISA statement, which has been done very promptly. She expects Nationwide to start going through these and with the Wales Fire-breaker lockdown (Where I live) she is hoping Nationwide can start moving forward with all applications 

So new timeline - As i can't set up a signature 

12/10/2020 - Application submitted 
14/10/2020 - Valuation booked for 16th October 2020
21/10/2020 - Hard search done on file. 
28/10/2020 - Request made for LISA statement 

I’m on a similar timeframe to you, application and valuation dates exactly the same! Had a request middle of last week for a savings account statement (they had a statement showing the balance but it only covered a 2 week period, they wanted a full month’s statement - it’s just a regular saver with one standing order into it a month so nothing exciting to see but who am I to argue!).
Haven’t had notification of a hard search yet, which I feel like is the next key milestone. Fingers crossed I get that this week as I hate the weekends knowing I’ll definitely hear nothing.

Did you hear anything about your valuation? I got a text the evening of the valuation (a week and a half ago) to say they’d received the report and their email said they’d review it “in the next couple of days” but I’ve heard nothing since. Wish I could hear back on that so at least it’s one less hurdle to worry about!

Hello fellow waiting patiently friend,

that’s spooky isn’t it, I never had an update from nationwide about the valuation being received but through their live chat, they did inform me that it had and the price was agreed with my purchase price, however I await to receive the approve notification from them.  I would recommend the live chat option, they are good, a little inconsistent by good none the less.

My hard search was noted on credit karma, they are really good and show you the details of it all. 

My broker seems to think that it will be a couple of days now but we should hear more from Nationwide soon? Just hope it’s not too long.

I will you all the best with your house purchase and please keep up informed, we are all in this together 😊

Petriix

I may as well join the party:

Additional borrowing on our existing Nationwide mortgage

• 16/10/2020 - AIP accepted
• 16/10/2020 - Full application submitted
• 16/10/2020 - Documents submitted (3 months bank stats and SA302s)
  
• 20/10/2020 - Further documents submitted (tax year overviews)
• 26/10/2020 - Hard credit search
• 28/10/2020 - Request for documents already submitted
• 29/10/2020 - Lost documents resubmitted (after 45 minutes on the phone)

I assume we're now at the back of the queue again for the initial assessment, although the kind lady on the phone said she will do what she can to get it pushed through.

harmz2361

Hi, joining in on the party 😃 
Application  submitted: 14th October 
Valuation scheduled: 20th October
Valuation carried out: 23rd October 
Valuation report sent: 23rd October
MA got a text on the 26th stating that Nationwide were now doing final checks.

So anxious just want a text 😫 

chlo0312

We got through the nationwide process. 

Now to battle with solicitors having conflicting stories and waiting for them!

Kiyonari

After the phone call to say I've been declined yesterday I've just had a text to say a valuation has been booked?  Are they messing with my !!!!!! head or what, sorry for the language but this is making me ill.

hburnett163

Kiyonari said:

After the phone call to say I've been declined yesterday I've just had a text to say a valuation has been booked?  Are they messing with my !!!!!! head or what, sorry for the language but this is making me ill.

I was also 'declined' but this actually means being passed on to a second assessor I think? that'd the impression I got because my case has been put to underwriters again but a different lot of people. Mine was declined because the underwriters apparently (according to my broker) wrote my salary to be lower than it is that has been proven in payslips/p60s. Hopefully we get a valuation soon too then! we're a month ahead of you and really am losing it

Kiyonari

I was also 'declined' but this actually means being passed on to a second assessor I think? that'd the impression I got because my case has been put to underwriters again but a different lot of people. Mine was declined because the underwriters apparently (according to my broker) wrote my salary to be lower than it is that has been proven in payslips/p60s. Hopefully we get a valuation soon too then! we're a month ahead of you and really am losing it

My mortgage consultant phoned me yesterday to say I'd been declined.  It had already been "referred" to the underwriter, is that what you mean by declined?  On the website it says the following:

I reckon its a glitch in their system as the case has been cancelled according to that.  Its disgusting the way they treat people.