Nationwide Mortgage

emilbasil2003

My mortgage application so far

FTB with H2B and 5% deposit. Applied through a broker

10/11 - DIP approved 
10/11 - Soft search appeared on the credit file
16/11 - Full application submitted along with documents. Confirmation text message and email received from Nationwide.
17/11 - Soft search appeared again on the credit file (subsequent credit search)
17/11 - Received a message from Nationwide confirming the valuation has been booked in for 23/11
19/11 - Update from the broker, document checks completed and application accepted subject to valuation
19/11 - Valuation delayed because the site was closed on the 23rd. Rescheduled valuation for 30/11. Text message and email received from Nationwide confirming the new valuation date
26/11 - Hard search appeared on the credit file
29/11 -  Text and email from nationwide confirming valuation report received and few minutes later received another email and text confirming offer issued

Very pleased with the timescales. If the building site wasn't closed for the first valuation appointment the whole process would have been completed in a week's time. It was a very anxious times for us and good luck to all with your application

toria12386

We have put in new app as our previous purchase fell through, the broker interest is higher than on nationwides website. Only slightly but would there be a reason for this 

MzH_2021

Just got the three texts, does this mean we've got the mortgage at the amount we requested? Been really worried about downvaluation!

leominademi

MzH_2021 said:

Just got the three texts, does this mean we've got the mortgage at the amount we requested? Been really worried about downvaluation!

What did they say? Did you receive the texts just now? I just assumed we would get any updates after 5pm

MzH_2021

leominademi said:

MzH_2021 said:

Just got the three texts, does this mean we've got the mortgage at the amount we requested? Been really worried about downvaluation!

What did they say? Did you receive the texts just now? I just assumed we would get any updates after 5pm

They said "We're delighted to let you know we've issued a mortgage offer which will be posted out to you and your mortgage broker shortly."

Was surprised to get it after 6pm, still don't want to get excited in case their offer isn't 100% of what we wanted due to downvaluation.

leominademi

MzH_2021 said:

leominademi said:

MzH_2021 said:

Just got the three texts, does this mean we've got the mortgage at the amount we requested? Been really worried about downvaluation!

What did they say? Did you receive the texts just now? I just assumed we would get any updates after 5pm

They said "We're delighted to let you know we've issued a mortgage offer which will be posted out to you and your mortgage broker shortly."

Was surprised to get it after 6pm, still don't want to get excited in case their offer isn't 100% of what we wanted due to downvaluation.

Amazing! That’s your offer! If it was down valued, I’m sure they would have let you know. Congratulations! 

I’ve got some hope that we might get our offer today then still 🤞🏽

MzH_2021

leominademi said:

MzH_2021 said:

leominademi said:

MzH_2021 said:

Just got the three texts, does this mean we've got the mortgage at the amount we requested? Been really worried about downvaluation!

What did they say? Did you receive the texts just now? I just assumed we would get any updates after 5pm

They said "We're delighted to let you know we've issued a mortgage offer which will be posted out to you and your mortgage broker shortly."

Was surprised to get it after 6pm, still don't want to get excited in case their offer isn't 100% of what we wanted due to downvaluation.

Amazing! That’s your offer! If it was down valued, I’m sure they would have let you know. Congratulations! 

I’ve got some hope that we might get our offer today then still 🤞🏽

Oh thank goodness! Good luck to you x

Sallypeanut

MzH_2021 said:

leominademi said:

MzH_2021 said:

Just got the three texts, does this mean we've got the mortgage at the amount we requested? Been really worried about downvaluation!

What did they say? Did you receive the texts just now? I just assumed we would get any updates after 5pm

They said "We're delighted to let you know we've issued a mortgage offer which will be posted out to you and your mortgage broker shortly."

Was surprised to get it after 6pm, still don't want to get excited in case their offer isn't 100% of what we wanted due to downvaluation.

Mine has been down valued we agreed a new price nearly 2 weeks ago but as they needed a statement showing how we would the surplus its now back in the que its another 7 working days so it'll be next Tuesday. Congrats on your offer 

LeoPP

Moneybear said:

Mover2021 said:

Hi everyone,

I’ve just seen that Nationwide have reduced their interest rates since our offer was issued - does anyone know if it’s possible to ask for the new lower rate please? And if so, how laborious ( or tense!) the process is?

I asked my mortgage broker to change the rate. It took just under a couple of weeks to go through the queue to be processed again and it reoffered on the new rate. 

Did you have to go through all the process again or they just changed to the new rate? My completion date is in Feb/March and my mortgage offer was issued early October and valid for 6 months. Wondering if it is worth asking for the new lower rate or wait until next year?

Sallypeanut

MzH_2021 said:

Just got the three texts, does this mean we've got the mortgage at the amount we requested? Been really worried about downvaluation!

Have u been  waiting long. Congrats by the way