Nationwide Mortgage

Ejcmjj

Wales2020 said:

Ejcmjj said:

Anyone in a similar position?
20% LTV application 
18/8/20 - agreement in principle and full application submitted - text received from nationwide. 
20/8/20 nationwide hardsearch (equifax) 
28/8/20 nationwide hardsearch (equifax) 
3/9/20 another nationwide hardsearch (equifax) 
Anyone had multiple hardsearches and or heard absolutely nothing back? 

Only one hard search so far and valuation completed. I would assume your valuation should have been booked by now? 

Not that I've been informed of?! 😳 

Wales2020

Ejcmjj said:

Wales2020 said:

Ejcmjj said:

Anyone in a similar position?
20% LTV application 
18/8/20 - agreement in principle and full application submitted - text received from nationwide. 
20/8/20 nationwide hardsearch (equifax) 
28/8/20 nationwide hardsearch (equifax) 
3/9/20 another nationwide hardsearch (equifax) 
Anyone had multiple hardsearches and or heard absolutely nothing back? 

Only one hard search so far and valuation completed. I would assume your valuation should have been booked by now? 

Not that I've been informed of?! 😳 

Honestly, from what I have read on here there seems to be no rhyme or reason for timelines... its literally pot luck..

i know it says dont contact them for the first 19 days but i would if I hadnt heard anything at all... if you have a broker ask them to check the portal. Its so stressful 😢😢

WinterInRome

winogronek said:

Application submitted about 20th of July, no issues with valuation but Nationwide asked for few extra documents and each time we submit a document they ask for, it takes them almost 2 weeks to process it. I understand they are busy but 2 weeks to process 1 piece of paper? Jeez

20th July?! You must be fuming!!! I’m absolute raging and i submitted mine a week later then you 😂

bec820

Ejcmjj said:

hburnett163 said:

Hi all,
bit worried about not having a valuation confirmation yet! Using a broker and the only confirmation we’ve had was the text letting us know they received our application. Last Tuesday (01/09). Most people got their valuation confirmation very quickly after their application confirmation, anyone else in my position?!

We sent our application on the 18th August and have heard nothing back. Our mortgage broker says its due to the long delays due to lack of staff. We've had no valuation info! Pulling my hair out! 

We have also heard nothing about a valuation, so assume it's not been booked yet.
Only had hard search done

tcw6

Hi - I should probably know this, but how do I know if Nationwide has done a hard credit search - presumably you're getting a text to confirm this?  Or are you reviewing your credit reports with the main providers?

My wife and I are existing customers of there's and have applied to port our existing mortgage and extend it for the purchase of a new place.  Applied on 17th August and have heard very little since other than a request for another bank statement from me.  Our broker has said it is because we took a mortgage holiday (we didn't need to in the end - neither of us were furloughed - we did it out of precaution and put all money saved into savings - we're back paying now and really wish we hadn't taken the holiday in the first place!).

Fingers crossed they review things sooner rather than later - the time taken so far is beginning to test my nerves!

xMeganCL

tcw6 said:

Hi - I should probably know this, but how do I know if Nationwide has done a hard credit search - presumably you're getting a text to confirm this?  Or are you reviewing your credit reports with the main providers?

My wife and I are existing customers of there's and have applied to port our existing mortgage and extend it for the purchase of a new place.  Applied on 17th August and have heard very little since other than a request for another bank statement from me.  Our broker has said it is because we took a mortgage holiday (we didn't need to in the end - neither of us were furloughed - we did it out of precaution and put all money saved into savings - we're back paying now and really wish we hadn't taken the holiday in the first place!).

Fingers crossed they review things sooner rather than later - the time taken so far is beginning to test my nerves!

Through credit reports. The only texts I've had from Nationwide are confirming application received, valuation booked, received and approved. Nothing since 17th August from them.
Got an alert on 20th August that they'd done a hard search via Equifax on me.

tcw6

xMeganCL said:

tcw6 said:

Hi - I should probably know this, but how do I know if Nationwide has done a hard credit search - presumably you're getting a text to confirm this?  Or are you reviewing your credit reports with the main providers?

My wife and I are existing customers of there's and have applied to port our existing mortgage and extend it for the purchase of a new place.  Applied on 17th August and have heard very little since other than a request for another bank statement from me.  Our broker has said it is because we took a mortgage holiday (we didn't need to in the end - neither of us were furloughed - we did it out of precaution and put all money saved into savings - we're back paying now and really wish we hadn't taken the holiday in the first place!).

Fingers crossed they review things sooner rather than later - the time taken so far is beginning to test my nerves!

Through credit reports. The only texts I've had from Nationwide are confirming application received, valuation booked, received and approved. Nothing since 17th August from them.
Got an alert on 20th August that they'd done a hard search via Equifax on me.

Thanks - I will keep an eye out on my credit reports then - I'm checking Experian, Equifax and Transunion!  

The only texts I've received are to: 1) tell me my mortgage product has been reserved; and 2) they they have received my application - both were on 17th August shortly after my broker submitted our application - nothing since!  I wish they'd hurry up and at least book the valuation!

Wales2020

Anyone have timescales from Valuation being carried out to hearing whether it was approved? Ours was done 09/09... just wanted to know rough timescale although i am guessing thats a “how long is a piece of string” question atm

xMeganCL

Wales2020 said:

Anyone have timescales from Valuation being carried out to hearing whether it was approved? Ours was done 09/09... just wanted to know rough timescale although i am guessing thats a “how long is a piece of string” question atm

I got a text on the 11th saying it was blocked and then two texts at the same time on the 17th to say received/will be reviewed and then accepted. I don't think they have a timescale for anything at the moment except "forever" 😂

WinterInRome

Wales2020 said:

Anyone have timescales from Valuation being carried out to hearing whether it was approved? Ours was done 09/09... just wanted to know rough timescale although i am guessing thats a “how long is a piece of string” question atm

Think it’s the how long is a piece of string situation, some people seem to get offers within a week, or there’s people like me who have to wait 40 million years for an offer 😐