Nationwide Mortgage

lancslass26

FTBNorthernIreland said:

Hi, my partner and I are first time buyers. This is our timeline with Nationwide

AIP- 29th July decision accept

Full Application - 31st July
Valuation text - 5th August
Valuation date - 8th August

There has been no hard search on either of our credit files, I’m guessing they will do this after valuation. 

We’ve not yet had hard check done and valuation was received today. Previous poster had full offer without hard checks even showing, only soft checks. Seems each case is a totally different order

carriesmonkies

lancslass26 said:

carriesmonkies said:

lancslass26 said:

lancslass26 said:

Valuation day today, 3 weeks since applying with NW. Still no hard checks done on credit file but Monday they had asked for further documents so hopefully is now being looked at. 

Just had an email / text to say valuation has been received and they’ll review and be in touch in the next few days if they need further information. How much longer from this point!!???

It was still another 3 weeks from valuation being received for us to get our offer - hopefully that isn’t the case for you! 

Wow that’s a long wait. I’m think we’ll be the same as I haven’t a clue if documents have been looked at. Seem to get the impression they do initial checks when you submit application and then send for senior underwriter at the point that I’m at now. Keep seeing posts where people get valuation text then mortgage offer text straight away - I wish!! 

I was really nervous.  Like you I kept seeing people who had the offer straight away and was sure something must have been wrong. It wasn’t, they just asked for documents on three separate occasions and at one stage were taking 10 day to verify them.  It was incredibly frustrating but they are just super busy at the moment.

firsttimebuyerlpl

firsttimebuyerlpl said:

firsttimebuyerlpl said:

lemliss said:

firsttimebuyerlpl said:

lemliss said:

firsttimebuyerlpl said:

lemliss said:

Our surveyor came this morning (we rent the property we are buying and it was a physical Valuation) he said the reports are completed and signed off on day of valuation and their systems are linked to the Nationwide so they automatically receive them the same day. I know its 7 working days to assess documents but he did say feel free to chase because they sometimes say they don't have the report and they do. X

Ah that’s great to know. Thank you. Yeah I don’t believe they haven’t received the report by now. I would expect a couple of days for it to be uploaded but feel like it was just an excuse while they asses. Going to speak to NW again today to see where we are

Because ours was meant to be done on 20th and wasn't and we were never informed; our surveyor messaged to tell us they submitted their report at 2pm. I called and Nationwide said they didn't have it, I confirmed they definitely did and then they found it on another system (the guy said they upload the valuation and then it has to be moved over to the NW server). Worth chasing for sure x

I’ve just spoken to NW in live chat and they said all the info they have is that the property my not be suitable to lend against and someone will contact us soon. Our MA hasn’t got in touch yet so we have no idea what the issue is. It’s never ending. 

For godsake. Its like they don't understand the stress?! Id be on the phone to my MA at 9am. Let me know what they say x

I’ve already emailed him as sometimes he does reply in evening. If not, I’ll be on the phone. Nightmare 

Our MA is not even reply to messages and call at the minute. Nationwide passed me this info so I’m assuming they would have passed him the same. Absolute joke. 

Spoke to our MA this morning and he said it’s still with the underwriter and there is a massive queue. Received the valuation on the 28th apparently. However, when I spoke to NW on during the week they said the valuation report says they may not be in a position to lend against the house. Not sure why our MA hasn’t told us this yet. 

leodis23

NW are quoting 11 working days for initial underwriting at the moment - it's day 10 for me today and I've had the hard search so hoping I get an update soon.

khtaylor

We applied on the 14th, had a hard check 24th and our documents were only verified yesterday now in the queue for under writting. 

lancslass26

Our timescales so far:
13/7 - DIP & soft searches 
16/7 - Full app & Text/email to confirm
21/7 - Valuation Text 
3/8 - Further docs requested about our businesses
6/8 - Valuation complete and text / email to say NW have received 
Still no hard searches done - Still waiting 

lemliss

I called Nationwide who have told me as of today there is a 10 day wait for valuations to be assessed. 

lancslass26

lemliss said:

I called Nationwide who have told me as of today there is a 10 day wait for valuations to be assessed. 

I’ve just been on chat and they’ve said that I should hear by end of next week from underwriters

lemliss

Ah fingers crossed for you! They've told me 20th August 🙈

lancslass26

lemliss said:

Ah fingers crossed for you! They've told me 20th August 🙈

The wait is awful isn’t it. I have a document I still need to upload but have to wait for HMRC activation code so I know nothing can be approved. It’s the Tax overview form to prove he’s paid his self assessment tax!! Even though bank statements show it being paid in January!