Nationwide Mortgage

DM23

ashthemash said:

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?

Hi @ashthemash we've been living in the property for 15 years, so we had a basic homebuyers given how familiar with the property we are, conveyancer was instructed when we made the offer prior to mortgage app all searches, AML have been completed already.  

MrsHart

Hi, does anyone have any updated timeline? We had a text yesterday saying our valuation had been done so wondered how long it’s taken them lately 

Nmq880405

03/05 - application submitted, received text confirmation. Hard credit search done on ClearScore. 
07/05 (the next working day due to bank hol) - received text to advise valuation booked 
09/05 - valuation took place
15/05 - received text to confirm valuation received, and another one received within 2 minutes to confirm mortgage offer issued 

sophagemcmuffin

10/05 Pre-valuation team confirmed that they would lend against the property 
13/05 Application submitted and text received to say valuation booked 
14/05 Hard search 
16/05 Valuation took place 
21/05 Texts all within a minute to confirm valuation happened, had been accepted then that they'd issued a mortgage offer

Super speedy! 

Magrice

Created an account to contribute my timeline and details to this after all the unfounded anxiety I experienced applying for a Nationwide Helping Hand product

24th June 2024 - Application Submitted and texts received to confirm product reservation

26th June 2024 - Text confirming that valuation had been instructed for the following day (27th)

27th June 2024 - Text confirming that the valuation had been completed and the report received

1st July 2024 - Reached out to broker (moneybox) for an update, advised that NW had asked for my June payslip to confirm bonus (expected as it was not published when I submitted the application) Provided the document within the hour and was advised that there would be a ~3day lead time for the next update

4th July 2024 - Received a text confirming that an offer had been issued and was in the post. Proceeded to become a human jellyfish as the anxiety was released!

Absolutely no complaints with either Nationwide or Moneybox. 8 working day lead time for the offer on the Nationwide side and my poor Moneybox advisor put up with my incessant questions and worries!