Nationwide Mortgage

CHaynes1975

Updating in case helpful for others:
Application via broker 26/9 (text confirmation same day)
Hard credit check 26/9
Valuation booked 2/10 for same day - text at 13.30
Valuation received and offer made also 2/10 - text at 15.30

Unbelievably fast! I was only asked for one payslip through the whole process.

Nostra999

Just to update also - similar experience;

- Application via broker - 26/09
- Valuation booked same day for 29/09 also one question about pension answered
- Valuation received and offer made at same time 04/10

(7 working days)

Really good experience - defo worth considering nationwide, possibly the easiest application process I have ever had (so far anyway)

zobo1993

Thought I would add in here too, quite nervous!

Wed 04/10 - DIP Approved
Wed 04/10 - Application put in midday
Wed 04/10 - Application text by Nationwide
Wed 04/10 - Valuation text 13.56, booked for same day
Thurs 05/10 - Hard Credit Checks with Credit Karma & Clear Score

Nothing since 😢 keeping my fingers crossed.

zobo1993

zobo1993 said:

Thought I would add in here too, quite nervous!

Wed 04/10 - DIP Approved
Wed 04/10 - Application put in midday
Wed 04/10 - Application text by Nationwide
Wed 04/10 - Valuation text 13.56, booked for same day
Thurs 05/10 - Hard Credit Checks with Credit Karma & Clear Score

Nothing since 😢 keeping my fingers crossed.

To update this, I rang nationwide yesterday (10/10/23) for an update. They said they had the report back on Wed 4th so it should have been looked at by latest Friday 6th, so they will escalate it and I should hear something within 1 working day. 

I then received two texts at 8.31am today (11/10/23) to say our valuation has been received and our mortgage has been approved!! 🥂🎉 

Don't be afraid to give them a call!! 

theonenonly

How different is the actual amount they let you borrow when compared to the decision in principle?

Cheryl2010

theonenonly said:

How different is the actual amount they let you borrow when compared to the decision in principle?

I think a DiP is the most they will offer you- we were offered around 250/260 and ended up borrowing 179 as the purchase price was 190 and we had 11 in our deposit. 

I am not sure if we would have gotten the full 260 if we applied for it as it was at the top of our budget 

DM23

Currently awaiting decision from Nationwide FTB 95% mortgage, applies through L&C who messed up my application so we had to resubmit, anxiously waiting, here's my time line so far.

25/09 - DIP 
25/09 - Soft Check
26/09 - Made offer on property
16/10 - Offer Accepted
17/10 - Full MA
17/10 - Payslips provided
17/10 - Valuation requested
19/10 - Hard Check
24/10 - Error with valuation L&C keyed in wrong house number resubmit application
24/10 - Product Reserved  (received text) 
24/10 - Another full MA  (received text) 
25/10 - Valuation booked (received text) 
26/10 - Valuation completed ( No text confirmation, but I know it was carried out as I am renting the home I am hoping to purchase)

Crickets, I am so nervous, has anyone got this far and had a decline? 

ashthemash

I applied through Trinity and here is my timeline.
26/10/23 Full mortgage application 26 October
27/10/23 Hard check message from Credit Karma
27/10/23 Valuation booked 27 October (text confirmation from NW)
29/10/23 Another hard check message from Credit karma
30/10/23 Mortgage Broker (Trinity) emailed to say Mortgage has been accepted subject to valuation.

DM23

DM23 said:

Currently awaiting decision from Nationwide FTB 95% mortgage, applies through L&C who messed up my application so we had to resubmit, anxiously waiting, here's my time line so far.

25/09 - DIP 
25/09 - Soft Check
26/09 - Made offer on property
16/10 - Offer Accepted
17/10 - Full MA
17/10 - Payslips provided
17/10 - Valuation requested
19/10 - Hard Check
24/10 - Error with valuation L&C keyed in wrong house number resubmit application
24/10 - Product Reserved  (received text) 
24/10 - Another full MA  (received text) 
25/10 - Valuation booked (received text) 
26/10 - Valuation completed ( No text confirmation, but I know it was carried out as I am renting the home I am hoping to purchase)

Crickets, I am so nervous, has anyone got this far and had a decline? 

Update 31/10 - Valuation recieved 
31/10 - Valuation Approved
31/10 - "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."

5 working days from the second app! WOW!

Now what happens can we celebrate?! 

ashthemash

DM23 said:

DM23 said:

Currently awaiting decision from Nationwide FTB 95% mortgage, applies through L&C who messed up my application so we had to resubmit, anxiously waiting, here's my time line so far.

25/09 - DIP 
25/09 - Soft Check
26/09 - Made offer on property
16/10 - Offer Accepted
17/10 - Full MA
17/10 - Payslips provided
17/10 - Valuation requested
19/10 - Hard Check
24/10 - Error with valuation L&C keyed in wrong house number resubmit application
24/10 - Product Reserved  (received text) 
24/10 - Another full MA  (received text) 
25/10 - Valuation booked (received text) 
26/10 - Valuation completed ( No text confirmation, but I know it was carried out as I am renting the home I am hoping to purchase)

Crickets, I am so nervous, has anyone got this far and had a decline? 

Update 31/10 - Valuation recieved 
31/10 - Valuation Approved
31/10 - "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."

5 working days from the second app! WOW!

Now what happens can we celebrate?! 

Congrats, are you booking a Level 2 or 3 survey and have you instructed a conveyancer?