Nationwide Mortgage

rdchick

So our timeline so far... 

Viewed house 21/05
Offer accepted 24/05
DIP 25/05
Mortgage applied for 27/05
Solicitor instructed 30/05
Valuation booked 31/05 


I have been worrying about my credit file/bank statements as they show old debt repayments that don't show on my file... 

Now they've put in to value the property does this mean they're relatively happy with our money side of things or are we not out of the woods yet? 

Valuation is in 2 weeks time ☺️

Feels like forever but it's actually been a lot quicker than I thought it would be!

KPHOME

@rdchick I don’t think so, we applied 5/5 our valuation was 17th valuation approved 18th and extra payslip asked for on the 18th. U think nationwide book the valuation straight away 

rdchick

@KPHOME Okies, we will just have to sit and wait it out. It's such a cruel process isn't it?!

KPHOME

Yep! My husband is chilled I hate the waiting!

GGM29

Its a horrible process!  What I can't understand is why they would pay for a valuation to be undertaken AND for conveyancing lawyers to undertake all the searches , ID verification and get the redemption figures before doing a hard credit search - it makes absolutely no sense to me at all!!  Surely it would be better value for them if they did the credit bit first and if you failed that bit they wouldn't progress?  It doesn't seem to work that way though?

rdchick

I'm not too worried by the hard search... The longer they wait the better as my old CCJ falls off on the day they go value the house 😅😅 but it's Lowell on the bank statements I worry about 😅

eva1984

Hi All 

Wondering if anyone has experienced this from Nationwide? It has caused quite a delay in my application and I’ve still yet to hear! Very concerned about wording and it insinuating a lower value than we purchased the house for.

so our first valuation = zero valuation.

The valuer has been unable to provide a valuation figure for the property due to fire safety risks. Before it can be considered further, we require more information to be provided. Please provide us with any of the following:

a) An original Building Regulations completion certificate for the works or,

b) A Regularisation Certificate or,

c) Confirmation from the applicant acknowledging that H&S/Fire Risk concerns mean the aroom can never be used as habitable accommodation

Where option 3 (c) has been chosen, the applicant will need to complete and return the following statement:

The valuation for mortgage purposes reflects this situation.

It’s not an issue for me - the room it refers to wasn’t advertised as a bedroom and I don’t need it as one. 

It was over 4 weeks now since our initial “valuation” and I still haven’t had a figure - I’m so panicked and sick of waiting.

Anyone had a similar experience?

Shellbell136

GGM29 said:

Hi, first time poster and long time stalker of this thread!  We are also on tenderhooks and I'm completely stressed out of my head with these timescales.  I keep thinking that we are going to get knocked back because its taking so long!  We aren't even buying a new house, its a remortgage.  My timelines are below:

DIP     6 May
full application 9 May
Survey 17 May
Request additional payslip (that they already had) 18 May
Radio silence since then
Hard credit search 9 May
Second hard credit search 27 May (with 9 May one removed from Clearscore)

We are now at working day 16 in the process and its been 8 days since the last piece of paper went in.  Demented!

I'm working day 15 today and 5 working days since last documents were given in. 

I've noticed today on the intermediary page that the average days from application to offer has gone down by a day. But they still want 11 working days to review documents. I can't get my head round why it would take so long to check a document. 

But yes I'm going demented waiting also. 🥴🤯

flamboyant_dude

Hey folks, 

Been lurking for a while here, might as well join in with my timeline and take solace in knowing that I'm not alone playing the dreaded waiting game. FTB 90%. 

We applied through a mortgage advisor. 

05/04 - AIP received
09/04 - offer placed
10/04 - offer accepted
13/04 - full application done
15/04 - valuation booked 21/04
21/04 - property down valued by 25k
30/04 - hard search appears on clearscore
15/05 - independent valuation carried out 
19/05 - seller agrees 25k reduction
20/05 - application re-submitted with amended figures
31/05 - radio silence - we ask the mortgage advisor for updates
01/06 - mortgage advisor stating Nationwide hadn't even noticed the amended application broker is now trying to escalate to espedite the procedure

Long bank holiday weekend ahead, we won't hear anything until Monday, at the very earliest. FML.

hanmoe

Mortgage broker has been in contact this afternoon stating Nationwide have requested more documents from us 🙈
Have had to send another payslip!