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Nationwide Mortgage
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Nationwide are referring every application with higher than 85% LTV, so it's perfectly normal. If you go ahead with the full application, you may also find that they do the underwriting up front (before the valuation on the house), and it might take a bit longer. Mine's taken 6 weeks from submitting the application so far, and still no decision.randrews1 said:FTB and had a DIP with Nationwide from June this year. The DIP expired so I applied again today and it has been referred - £150k house value, £135k mortgage, 90% LTV.No negative financial consequences due to COVID as my partner and I work for the NHS, so I am concerned it’s been referred. Has anyone else experienced similar?
Buy My First House During A Pandemic Challenge
26/7 Nationwide 90% LTV Application Received | 26/7 Soft Credit Search | 4/8 Hard Search | 14/8 Underwriter questions | 17/8 Valuation booked | 19/8 Physical valuation & report received | 7/9 Mortgage offer | 27/11 Exchange & Completion1 -
I’m praying that we both get some sort of answer this week! Can’t believe how long ours has taken!leodis23 said:
Nationwide are referring every application with higher than 85% LTV, so it's perfectly normal. If you go ahead with the full application, you may also find that they do the underwriting up front (before the valuation on the house), and it might take a bit longer. Mine's taken 6 weeks from submitting the application so far, and still no decision.randrews1 said:FTB and had a DIP with Nationwide from June this year. The DIP expired so I applied again today and it has been referred - £150k house value, £135k mortgage, 90% LTV.No negative financial consequences due to COVID as my partner and I work for the NHS, so I am concerned it’s been referred. Has anyone else experienced similar?Nationwide application- FTB, 85% LTV
Application Received 27/7
Valuation booking text received 4/8
Hard search on 6/8
Valuation took place on 19/8
Valuation report received 26/8
Valuation approved 26/8
Request for more documents 3/9
Requested more documents 16/9
Mortgage offer issued 16/90 -
Many thanks, best of luck with your application.leodis23 said:
Nationwide are referring every application with higher than 85% LTV, so it's perfectly normal. If you go ahead with the full application, you may also find that they do the underwriting up front (before the valuation on the house), and it might take a bit longer. Mine's taken 6 weeks from submitting the application so far, and still no decision.randrews1 said:FTB and had a DIP with Nationwide from June this year. The DIP expired so I applied again today and it has been referred - £150k house value, £135k mortgage, 90% LTV.No negative financial consequences due to COVID as my partner and I work for the NHS, so I am concerned it’s been referred. Has anyone else experienced similar?0 -
Fingers crossed for news this week everyone! The wait is killing me!0
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Finally!!
Buy My First House During A Pandemic Challenge
26/7 Nationwide 90% LTV Application Received | 26/7 Soft Credit Search | 4/8 Hard Search | 14/8 Underwriter questions | 17/8 Valuation booked | 19/8 Physical valuation & report received | 7/9 Mortgage offer | 27/11 Exchange & Completion8 -
Massive congratulations 🥳 🎉leodis23 said:Finally!!Nationwide application- FTB, 85% LTV
Application Received 27/7
Valuation booking text received 4/8
Hard search on 6/8
Valuation took place on 19/8
Valuation report received 26/8
Valuation approved 26/8
Request for more documents 3/9
Requested more documents 16/9
Mortgage offer issued 16/91 -
Such a relief, now just got to wait to exchange.. Here's my timescale for those who are still waiting. I'm a FTB with a 90% LTV, borrowing just over 3x my salary (so about 60k under my AIP limit), working full time and not impacted by COVID.26 July Application Received (via Habito)26 July Soft Credit Search (Credit Karma)4 August (Working Day 7) Hard Search (Credit Karma, eventually Clearscore too)14 August (WD 15) Underwriter questions17 August (WD 16) Valuation booked19 August (WD 18) Physical valuation & report received4 September (WD 30) Application escalated to Senior team7 September (WD 31) Mortgage offer
Buy My First House During A Pandemic Challenge
26/7 Nationwide 90% LTV Application Received | 26/7 Soft Credit Search | 4/8 Hard Search | 14/8 Underwriter questions | 17/8 Valuation booked | 19/8 Physical valuation & report received | 7/9 Mortgage offer | 27/11 Exchange & Completion2 -
Just got our offer too! Hurray! All searches are back too and all fine so onward with the process! Only spanner in the works is that Nationwide have listed our solicitors name wrongly on the paperwork so that needs to be corrected but otherwise we're good to go!5
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Congratulations! How long did it take from application to offer.loverlygal said:Just got our offer too! Hurray! All searches are back too and all fine so onward with the process! Only spanner in the works is that Nationwide have listed our solicitors name wrongly on the paperwork so that needs to be corrected but otherwise we're good to go!
Nationwide FTB 90%LTVFull applications 26/08Valuation booked 26/08Hard Search (equifax & Transunion) 04/09
Valuation completed 8/9
Valuation approved 30/9
More documents requested 30/9
Mortgage offer 16/100
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