Nationwide Mortgage

GGM29

@marrandrew @Shellbell136 my MB broker said that it is not uncommon for mortgage companies to do this to ensure that they stay within their SLAs.  Apparently most of the major lenders are doing this because they are so busy.  I am assuming that straightforward applications (that don't require senior underwriting) are approved and those that are a bit more complicated are taking longer?  from our perspective this might be because we have a high level of credit card debt - which we were hoping to get rid of during the remortgage process - never missed a payment on anything and we have 70% LTV - but I imagine its probably making them a bit more cautious.  I don't even know whether my MB indicated on the application that this was our intent and I'm too frightened to ask her to do it because it will put us right back to the very beginning again.  Just nervous we are going to get knocked back after all of this time.  Horrible situation.

KPHOME

We had our offer yesterday before 9am via text. Now to wait for the funds! 
Remortgage 50%ltv

Dip 3/5
App 5/5 1 payslip each
valuation 17/5
extra payslip requested 18/5
Offef 7/6

marrandrew

GGM29 said:

@marrandrew @Shellbell136 my MB broker said that it is not uncommon for mortgage companies to do this to ensure that they stay within their SLAs.  Apparently most of the major lenders are doing this because they are so busy.  I am assuming that straightforward applications (that don't require senior underwriting) are approved and those that are a bit more complicated are taking longer?  from our perspective this might be because we have a high level of credit card debt - which we were hoping to get rid of during the remortgage process - never missed a payment on anything and we have 70% LTV - but I imagine its probably making them a bit more cautious.  I don't even know whether my MB indicated on the application that this was our intent and I'm too frightened to ask her to do it because it will put us right back to the very beginning again.  Just nervous we are going to get knocked back after all of this time.  Horrible situation.

agree  

GGM29

KPHOME said:

We had our offer yesterday before 9am via text. Now to wait for the funds! 
Remortgage 50%ltv

Dip 3/5
App 5/5 1 payslip each
valuation 17/5
extra payslip requested 18/5
Offef 7/6

Great news!!! You can have a lie down now 🤣

Charmoo

That's our sellers withdrawn the missives today if we don't have a mortgage offer by Friday the whole thing falls through. Gutted.

GreenCat80

Charmoo said:

That's our sellers withdrawn the missives today if we don't have a mortgage offer by Friday the whole thing falls through. Gutted.

Oh no! What a nightmare! How far in are you? I hope you hear from NW with the news you need tomorrow 🤞🏻

Charmoo

Everything is with nationwide and the case was escalated on Monday. The sellers are losing out on their home which is why they have signed the missives. It's so hard - we are FTB at 40 years old. Apparently it's all down to processing times. Happy for everyone's that has gone through. 

Shellbell136

Something needs to be done by the government to speed things up. This isn't right. 

Fanglang

Charmoo said:

Out of interest (and probably a silly question) for those of you who received a decision - what time of day did it come through?

14.30 for me

Flo87

After reading all the thread I`m lucky with my timings:
31/05 Application through MA
04/06 Text about Valuation booked for 07/06
07/06 Valuation received by NW and Mortgage offer issued(15:13)