Nationwide Mortgage

Chris6019155

My timescale so far is:
01/09: application submitted
09/09: documents received and passed to underwriter.
10/09: hard search
21/09: valuation booked
22/09: valuation complete and report received and under review.

mh_ww

Had an email right at the end of yesterday from broker advising application was fully assessed but needed clarification on whether we had a dependent (we have one). Apparently this wasn't on the application but I know the details I submitted had it. So hopefully not too difficult to change.

Tonyw193

On working day 20 now. The valuation took place 2 weeks ago and still nothing! 

GN2020

Chris6019155 said:

My timescale so far is:
01/09: application submitted
09/09: documents received and passed to underwriter.
10/09: hard search
21/09: valuation booked
22/09: valuation complete and report received and under review.

Wow! That’s amazing! Congratulations.

I hope you don’t mind me asking, did you use a broker and did you have any debts to declare? It sounds like your application would have been very straight forward! 

chz211

Unfortunately had mine declined today after 28 working days (FTB, 83% LTV) due to being in overdraft during one of the bank statements I provided. Has anyone had any experience with appealing a decision? I could not really find anything about the process online.

I have had a pay rise since my application and I was in only in an arranged overdraft (interest free) to pay off final debt from a Masters I completed 2 years ago, so I am hoping they might re-consider on appeal. 

DC89216

chz211 said:

Unfortunately had mine declined today after 28 working days (FTB, 83% LTV) due to being in overdraft during one of the bank statements I provided. Has anyone had any experience with appealing a decision? I could not really find anything about the process online.

I have had a pay rise since my application and I was in only in an arranged overdraft (interest free) to pay off final debt from a Masters I completed 2 years ago, so I am hoping they might re-consider on appeal. 

That's interesting... Did the other bank statements show the money required for your deposit? I'm confused.

GN2020

chz211 said:

Unfortunately had mine declined today after 28 working days (FTB, 83% LTV) due to being in overdraft during one of the bank statements I provided. Has anyone had any experience with appealing a decision? I could not really find anything about the process online.

I have had a pay rise since my application and I was in only in an arranged overdraft (interest free) to pay off final debt from a Masters I completed 2 years ago, so I am hoping they might re-consider on appeal. 

I hope you don’t mind my asking but what was your agreed overdraft limit? 

DC89216

Hi all,
Newby here. Not too sure on the process and what to expect.
I applied for an MIP on the 18th, it got approved a couple of days later and on the 21st I submitted the documents they requested (bank statements / pay slips / proof of address). I've now been told to wait 16 days until they are assessed. Is this correct? 
What can I do in the time waiting? What can I expect to happen in 16 days? Any help would be appreciated. 

mh_ww

DC89216 said:

Hi all,
Newby here. Not too sure on the process and what to expect.
I applied for an MIP on the 18th, it got approved a couple of days later and on the 21st I submitted the documents they requested (bank statements / pay slips / proof of address). I've now been told to wait 16 days until they are assessed. Is this correct? 
What can I do in the time waiting? What can I expect to happen in 16 days? Any help would be appreciated. 

You may get another text in the meantime to say that a valutation has been booked, or you may just hear nothing. I applied on 13th Aug and only just hearing progress with mine in the last week or so. Nothing about the valuation stage yet.

DC89216

mh_ww said:

DC89216 said:

Hi all,
Newby here. Not too sure on the process and what to expect.
I applied for an MIP on the 18th, it got approved a couple of days later and on the 21st I submitted the documents they requested (bank statements / pay slips / proof of address). I've now been told to wait 16 days until they are assessed. Is this correct? 
What can I do in the time waiting? What can I expect to happen in 16 days? Any help would be appreciated. 

You may get another text in the meantime to say that a valutation has been booked, or you may just hear nothing. I applied on 13th Aug and only just hearing progress with mine in the last week or so. Nothing about the valuation stage yet.

Okay great. Thank you. This thread seems extremely useful.
So what have you heard recently? What kind of progress? Are you expecting to hear about a valuation soon? Sorry for being stupid but what does the valuation entail?