Nationwide Mortgage

Wales2020

I can’t believe how long you’ve both waited.... my nerves are through the roof as it is... 

WinterInRome

Wales2020 said:

I can’t believe how long you’ve both waited.... my nerves are through the roof as it is... 

it might be worth ringing them or contacting them through the web chat, if the days start to creep on! We had our valuation approved, it went really quiet and they were actually waiting for our most recent payslips (I guess because it had taken so long). But no one actually knew nationwide were waiting for one, until we rung and asked wth is going on 😂

Londoner86

Londoner86 said:

Good luck to everyone who is currently waiting on offers, fingers crossed for all of you. Thought I'd share current experience:

Offer on property accepted: 15/6
First Mortgage Appt with NW: 24/6
DIP agreed: 24/6
Hard search of credit file: 03/07
Application cancelled due to valuation team putting in incorrect address: 11/7
Application resubmitted: 16/7
Follow up search of credit file: 03/08
Valuation organised: 07/08
Valuation completed: 27/08
Valuation submitted: 28/08
Valuation flagged as incomplete: 01/09 (valuation team to submit outstanding elements within 48hrs)
Pending application as valuation report still not finalised: 04/09

Working day 52: Wife and I are just glad the sellers are understanding despite a degree of anxiety over all these delays. Hopefully we should hear next week but I have learnt after this long that I shouldn't hold my breath.
We were advised that the underwriters have approved the DIP and the valuation value is fine but the 3rd party valuation team has yet to respond to the request.

Update from this end. We should hear from them on Wednesday. That’ll be working day 60. We’ve chased them only to find out the valuation team didn’t respond to their request. 2 working days turned into 6 before NW received a response. We have been calling every other day to make sure everything is on track and if they need anything from this end. We were told we have been accepted and they have to manually key in the offer because of their mistake earlier in the process. 

orangepeel105

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

Ours was done on 20th August, got a text on the same day to say it had been received. Nothing since then. Broker called and said it had come back as price offered so all seems OK, but no actual confirmation from Nationwide that anyone has even looked at it. 

Wales2020

orangepeel105 said:

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

Ours was done on 20th August, got a text on the same day to say it had been received. Nothing since then. Broker called and said it had come back as price offered so all seems OK, but no actual confirmation from Nationwide that anyone has even looked at it. 

Mine was completed 09/09 nothing as yet but I know there are people on here waiting a lot longer so i just need to sit tight 😬😬😬 so hard though! 

peppapig14

with everyone experiencing delays in their Nationwide Mortgage Offer, and the timeline online now saying 28 days, is it more likely Nationwide will be asking for updated evidence due to the time lag ( ie newer pay slip, updated bank statements etc) 

Wales2020

peppapig14 said:

with everyone experiencing delays in their Nationwide Mortgage Offer, and the timeline online now saying 28 days, is it more likely Nationwide will be asking for updated evidence due to the time lag ( ie newer pay slip, updated bank statements etc) 

I am guessing so... but i assume it’s going to depend on how far you are through their checks etc. I am going to ask my broker tomorrow the same question!

lets hope all of us waiting on some sort of communication from NW whether thats valuation info or formal offer get something this week.... fingers crossed

Mentox

I got my DIP on the tenth of August and paid the reservation fee nine days later.

The only document they requested was my payslip and I did email this to them when I got the DIP and then again when paying the fee. Also posted it to them but the status did not change. Eventually called them on the 7th and emailed it to someone directly.

Now I do not have any hard search or any reference to a valuation, does this mean that this still needs to be done?

I am moving home (hopefully...) and the LTV is 50%.

xMeganCL

Working day 24...still no news! 

Wales2020

xMeganCL said:

Working day 24...still no news! 

I was hoping you’d post to say you had your offer. How frustrating.

they called my broker friday about our documents and said its now been passed to underwriters and the valuation would be a “factor” in the offer so our broker is assuming we wont get full amount as house undervalued :-( i am gutted.