Nationwide Mortgage

Sallypeanut

Meena04 said:

mine was downvalued too so paperwork had to be amended . Change of ltv etc . The valuation is being reviewed again now . Not sure what that means or if that is good or bad . Hoping for an answer next week

I tried 2 lenders but they both used the same valuer and it down valued it by nearly 20k my broker tried to hrt ot increased but no joy so we renegotiated and I'm back in the que answer by Monday or Tuesday on tender hooks at the min. We're stumping up some cash ourselves so they needed proof of funds. Fingers frosted 4 u. I know when they reviewed mine they said its hard to over turn a valuer report 

Meena04

It was the lender  who gave two options reduce loan or increase LTV so that’s what we did increase LTV slightly and sticking to the valuation  and paying the extra outside of the mortgage . I hope given that the lender gave the options it’s all good . 

Sallypeanut

Meena04 said:

It was the lender  who gave two options reduce loan or increase LTV so that’s what we did increase LTV slightly and sticking to the valuation  and paying the extra outside of the mortgage . I hope given that the lender gave the options it’s all good . 

We did that too paying extra outside the mortgage luckily ours have reduced the amount of the property hope all OK for both of us good luck 

Meena04

Ours did too but not by much to be honest . 

Good luck 

Meena04

Meena04 said:

It was the lender  who gave two options reduce loan or increase LTV so that’s what we did increase LTV slightly and sticking to the valuation  and paying the extra outside of the mortgage . I hope given that the lender gave the options it’s all good . 

We did that too paying extra outside the mortgage luckily ours have reduced the amount of the property hope all OK for both of us good luck 

Sorry for being a pain I thought I was at the final stage . Could there be more , they havnt asked for proof of the surplus because i think it was already there in the statements . Am I at the last hurdle ? 

Sallypeanut

Meena04 said:

Meena04 said:

It was the lender  who gave two options reduce loan or increase LTV so that’s what we did increase LTV slightly and sticking to the valuation  and paying the extra outside of the mortgage . I hope given that the lender gave the options it’s all good . 

We did that too paying extra outside the mortgage luckily ours have reduced the amount of the property hope all OK for both of us good luck 

Sorry for being a pain I thought I was at the final stage . Could there be more , they havnt asked for proof of the surplus because i think it was already there in the statements . Am I at the last hurdle ? 

Ah no problem at all your not. It took a week to say its needed even though I jave a nationwide ac then another week of waiting to decide if I can have it u may be ok if they have all x

H_Darl

Hi everyone! 
Just wanted to ask for any advice. 

A few notes; 80% LTV, Standard freehold sale no government scheme, I am on a fixed term contract rolling 3 years each time but have been for 7 years now, and my partner is full time permanent and has been for 6 months now.  

This is our current timeline: 

2nd November - Full Application submitted to Nationwide
2nd November - Text received to say application accepted
3rd November - Text to say valuation and survey booked for 12th 
12th November - valuation and survey happened
15th November - survey returned to us

We have had no communication since then, so I called Nationwide direct as my broker is away on annual leave, and they said on 25th November that a note was put in our file because a date was wrong on one of the documents (my partner had a promotion recently and so they needed a letter from his employer to confirm new salary). So i sent them the revised letter with the right date directly as my broker is away. 

Two Questions: 
1) is it ok to go round the broker to send them this document? I asked on the phone and they said it was fine but worrying I've messed things up. 
2) Why is it taking so long? they couldn't tell me on the phone but it's been a month now and our application is very simple. Perhaps I am overthinking but the anxiety is making me unwell. 

Thank you!! 
H 

toria12386

H_Darl said:

Hi everyone! 
Just wanted to ask for any advice. 

A few notes; 80% LTV, Standard freehold sale no government scheme, I am on a fixed term contract rolling 3 years each time but have been for 7 years now, and my partner is full time permanent and has been for 6 months now.  

This is our current timeline: 

2nd November - Full Application submitted to Nationwide
2nd November - Text received to say application accepted
3rd November - Text to say valuation and survey booked for 12th 
12th November - valuation and survey happened
15th November - survey returned to us

We have had no communication since then, so I called Nationwide direct as my broker is away on annual leave, and they said on 25th November that a note was put in our file because a date was wrong on one of the documents (my partner had a promotion recently and so they needed a letter from his employer to confirm new salary). So i sent them the revised letter with the right date directly as my broker is away. 

Two Questions: 
1) is it ok to go round the broker to send them this document? I asked on the phone and they said it was fine but worrying I've messed things up. 
2) Why is it taking so long? they couldn't tell me on the phone but it's been a month now and our application is very simple. Perhaps I am overthinking but the anxiety is making me unwell. 

Thank you!! 
H 

We had 85% ltv had valuation (no survey) it was two weeks between valuation and offer as I had to give a letter from my employer as I am currently on maternity 

TIGASH

H_Darl said:

Hi everyone! 
Just wanted to ask for any advice. 

A few notes; 80% LTV, Standard freehold sale no government scheme, I am on a fixed term contract rolling 3 years each time but have been for 7 years now, and my partner is full time permanent and has been for 6 months now.  

This is our current timeline: 

2nd November - Full Application submitted to Nationwide
2nd November - Text received to say application accepted
3rd November - Text to say valuation and survey booked for 12th 
12th November - valuation and survey happened
15th November - survey returned to us

We have had no communication since then, so I called Nationwide direct as my broker is away on annual leave, and they said on 25th November that a note was put in our file because a date was wrong on one of the documents (my partner had a promotion recently and so they needed a letter from his employer to confirm new salary). So i sent them the revised letter with the right date directly as my broker is away. 

Two Questions: 
1) is it ok to go round the broker to send them this document? I asked on the phone and they said it was fine but worrying I've messed things up. 
2) Why is it taking so long? they couldn't tell me on the phone but it's been a month now and our application is very simple. Perhaps I am overthinking but the anxiety is making me unwell. 

Thank you!! 
H 

Hi

This is a my first post....

Ftb with high deposit and low mortgage. Full time employment  (low income) and excellent credit rating. 

I'm in a similar situation to the above. 

Mortgage application submitted 2/11/21
Valuation done on 5/11/21
Mortgage advisor received email asking to reduce mortgage by 2k on 18/11/21
Agreed and new form submitted on 21/12/21. 

Heard nothing...

.I rang Nationwide 27/11/21
had no record of acceptance of new ffigure form being submitted. 
Spoke with mortgage advisor they rang Nationwide to confirm original form was in process. Nationwide admitted it had been over looked. Will send directly to underwriters. 

Have still not heard anything. 

I'm getting so anxious about it all. I haven't done any surveys yet or signed contract with solicitors as been reccomended to wait till mortgage approval comes through. 

I hope yours comes through soon H darl....

glenroyfirst

Really hope that everyone gets sorted soon. I had a straightforward case… applied (DIP already received) 26 Nov, valuation booked for 1 Dec, valuation and offer this morning (2nd)… then my buyer pulled out.. 

Still no notification of a hard credit search… but two soft searches on Friday?

Presume there is a delay before I see a hard search as I can’t see how they would not do this before providing an offer.