Nationwide Mortgage

WinterInRome

Cwill123 said:

Thought I’d join the fun. Not sure if finding this thread has helped me or made me worry even more! 😆

Nationwide: 75% LTV - 20% HTB, 5% deposit. 

DIP 6/7

Full application 14/8 
Soft credit check 18/8
Valuation booked 2/9

Going for a new build that doesn’t look cosy just yet. 
A bit stressed as my other half accidentally missed one credit card payment 71 months ago (6 year check is 72 months... of course it is!). Also I have a few grand still on an interest free credit card from buying a car a few years ago. 

I’m just into the ‘good’ credit rating of all 3 of the major companies. Other half is on the borderline of average/good. 

MB sent off our last 2 payslips and last 2 bank statements with the full application. Both work full-time, no furlough or anything. 

 

Fingers crossed, I’ll keep updating in case anybody else is in a similar situation. Good luck to everyone else too and thanks for sharing, helped me not to expect a quick decision! 

Welcome to the thread of stressing and constant phone checking 👋🏻 😂 

Just commenting on the credit situation, when I met my partner 5 years ago, he had a horrible credit history, debts and CCJ’s. 

We worked really hard to pay it all off within the space of a year, so his credit score was finally okay but not amazing. 

Which is a shame because he brings in the better income but neither of us have been furloughed and worked right through all of this pandemic, with two dependents. 

We have had our hard search done before our valuation and nothing seems to have caused an issue so far, so I’m sure you will be absolutely fine and sail through it all 🥳🤞🏻

jodie5633

Thought I would share our timeline to put people at ease as we have been following this post and worrying. We are FTB with 90% LTV. 

Full application - 12th August
Valuation booked text - 13th august 
Valuation & report recieved - 19th August 
Mortgage offer - 27th August 

All in all only 13 working days! Good luck everyone!

Tonyw193

jodie5633 said:

Thought I would share our timeline to put people at ease as we have been following this post and worrying. We are FTB with 90% LTV. 

Full application - 12th August
Valuation booked text - 13th august 
Valuation & report recieved - 19th August 
Mortgage offer - 27th August 

All in all only 13 working days! Good luck everyone!

Thanks thats certainly given me a bit of hope for a quick decision. Ive just applied for the same product. Im not to worried about it, i would just like things to get through the process quite quickly. Congratulations on your offer. 

fitechrry9

Out of interest, how do you know the underwriting has been done upfront? I had a hard search done on my credit file by NW on 17th August but as my other post says, still waiting for valuation report to be approved. So wondering if the hard search is part of the underwriting process?

mathdotrandom

I think the hard search is part of the underwriting process but depending on the risk profile they assign you this either happens before valuation is instructed or at the same time. So in my case for example the valuation has not yet been instructed and I am on day 12, so I think underwriting is happening upfront (also makes sense as a hard search has already happened) but there's clearly many people where both is happening concurrently.

fitechrry9

mathdotrandom said:

I think the hard search is part of the underwriting process but depending on the risk profile they assign you this either happens before valuation is instructed or at the same time. So in my case for example the valuation has not yet been instructed and I am on day 12, so I think underwriting is happening upfront (also makes sense as a hard search has already happened) but there's clearly many people where both is happening concurrently.

My valuation was instructed the same day I submitted my application (7th august). And then the valuation report was received on 9th August. Nothing happened until I received the hard search on 17th August and I'm still waiting on the valuation being approved. Hopefully this means the bulk has been done and is just awaiting this final piece.

xMeganCL

I'm so jealous of all of you with offers 😂

orangepeel105

jodie5633 said:

Full application - 12th August
Valuation booked text - 13th august 
Valuation & report recieved - 19th August 
Mortgage offer - 27th August 

All in all only 13 working days! Good luck everyone!

This is really good going! We submitted full app one day after you and valuation was one day after yours too...May be too much to hope for an offer soon 😂

mh_ww

Hi all,
Here's our timeline so far, FTB 90% Nationwide
Application submitted/confirmed and soft checks - 13th August
Hard Credit Checks - 23rd August
And that's been it so far, nothing else yet. On working day 11 so I imagine a little while to go yet. 

anybodynat

Woohoo, I got a text at 8.30am this morning saying they've issues my mortgage offer.  Finally relieved and I told the seller's of the new house who are happy now as we know everything is definite.  Took nearly 7 weeks, and a few sleepless nights and constant worry

Nationwide Application

10/07 Obtained illustration and applied for DIP

13/07 DIP approved, full application submitted.  Soft & Hard searches with Experian and Transunion

15/07 Text rec'd - Application has been received

17/07 Text rec'd - Valuation booked for 31/07

23/07 Sent in extra payslips for pre-furlough and for being back full-time

25/07 Hard search - Transunion (second hard search)

31/07 Text rec'd - Valuation completed and report rec'd by Nationwide

04/08 I called Nationwide who confirmed the valuation was fine

07/08 TMW offer for L2B remortgage approved, copy submitted to Nationwide who had requested it

19/08 Nationwide approved the TMW offer.  Nationwide requested a Let to Buy Certificate from TMW

26/08 Broker rec'd Let to Buy Certificate from TMW and submitted to Nationwide
29/08 NATIONWIDE OFFER ISSUED

The Mortgage Work Application (Let to Buy Remortgage)

13/07 DIP approved, full application submitted

30/07 Physical valuation carried out

07/08 Mortgage offer rec'd