Nationwide Mortgage

Wales2020

LZRBOI said:

Got my valuation back today. £14,000 down valued!!!  
Not sure if the seller will accept that. He is an investor who bought the house last year £13,000 less than what Nationwide have offered. He renovated it so nicely, hence us offering £14,000 more than Nationwide have valued it.

This happened to us too! £15,000 difference. Luckily we were able to negotiate a new price, have they given you the option to proceed at new value if agreed or declined?

hburnett163

SharkMan said:

Hi all, good luck with your applications

Question from me. 
1. Was speaking with a broker and they couldn't in the end find a deal better than the one I found online direct with nationwide. I already had a dip with nationwide so retained the application appontment but feel bad that the broker did some running around. Would going with the broker speed up the submission process with nationwide?
2. Appointment to submit application is this Friday. From.all of your experience on here if all goes well whats the best case scenario on getting the confirmation back? On one hand I'd love to move in November to avoid the worry of it falling through but on the other I would have to pay an EPC if I move before December!!! We have 4 groups in the chain so they must all be going through this. 

From my own personal experience with the broker I have, I wouldn't recommend it to anyone. He is radio silent and when I look on trust pilot there's only 1% bad reviews (2k reviews in total) and they all seem to be about him specifically the others have been given 5 stars!
A benefit of not using a broker is there's one less person to chase, and you will have access to the application status and know if they're waiting for documents rather than relying on a broker to tell you (even if you get a good one, they'll be so busy and overworked it'll take a while to get to your case). If I could, I'd revoke my broker but the only way to do that is to back out of the purchase altogether which is certainly not an option!!

LZRBOI

Wales2020 said:

LZRBOI said:

Got my valuation back today. £14,000 down valued!!!  
Not sure if the seller will accept that. He is an investor who bought the house last year £13,000 less than what Nationwide have offered. He renovated it so nicely, hence us offering £14,000 more than Nationwide have valued it.

This happened to us too! £15,000 difference. Luckily we were able to negotiate a new price, have they given you the option to proceed at new value if agreed or declined?

It's so frustrating! 
Fingers crossed the seller agrees the new price. Nationwide have given us the option to proceed at the new valuation price which is good news I guess.

Frances13

hburnett163 said:

SharkMan said:

Hi all, good luck with your applications

Question from me. 
1. Was speaking with a broker and they couldn't in the end find a deal better than the one I found online direct with nationwide. I already had a dip with nationwide so retained the application appontment but feel bad that the broker did some running around. Would going with the broker speed up the submission process with nationwide?
2. Appointment to submit application is this Friday. From.all of your experience on here if all goes well whats the best case scenario on getting the confirmation back? On one hand I'd love to move in November to avoid the worry of it falling through but on the other I would have to pay an EPC if I move before December!!! We have 4 groups in the chain so they must all be going through this. 

From my own personal experience with the broker I have, I wouldn't recommend it to anyone. He is radio silent and when I look on trust pilot there's only 1% bad reviews (2k reviews in total) and they all seem to be about him specifically the others have been given 5 stars!
A benefit of not using a broker is there's one less person to chase, and you will have access to the application status and know if they're waiting for documents rather than relying on a broker to tell you (even if you get a good one, they'll be so busy and overworked it'll take a while to get to your case). If I could, I'd revoke my broker but the only way to do that is to back out of the purchase altogether which is certainly not an option!!

Do you have the link to the web chat? I can't seem to find it

hburnett163

Frances13 said:

hburnett163 said:

SharkMan said:

Hi all, good luck with your applications

Question from me. 
1. Was speaking with a broker and they couldn't in the end find a deal better than the one I found online direct with nationwide. I already had a dip with nationwide so retained the application appontment but feel bad that the broker did some running around. Would going with the broker speed up the submission process with nationwide?
2. Appointment to submit application is this Friday. From.all of your experience on here if all goes well whats the best case scenario on getting the confirmation back? On one hand I'd love to move in November to avoid the worry of it falling through but on the other I would have to pay an EPC if I move before December!!! We have 4 groups in the chain so they must all be going through this. 

From my own personal experience with the broker I have, I wouldn't recommend it to anyone. He is radio silent and when I look on trust pilot there's only 1% bad reviews (2k reviews in total) and they all seem to be about him specifically the others have been given 5 stars!
A benefit of not using a broker is there's one less person to chase, and you will have access to the application status and know if they're waiting for documents rather than relying on a broker to tell you (even if you get a good one, they'll be so busy and overworked it'll take a while to get to your case). If I could, I'd revoke my broker but the only way to do that is to back out of the purchase altogether which is certainly not an option!!

Do you have the link to the web chat? I can't seem to find it

yes, follow this link https://www.nationwide.co.uk/support/contact-us/call-us and then where it says 'what would you like to contact us about' click on mortgage, update on application then you get an option to call them or chat online

Wales2020

We have a mortgage offer!! So relieved! Good luck everybody 

Tonyw193

Wales2020 said:

We have a mortgage offer!! So relieved! Good luck everybody 

Congratulations!! 

citygurly

Wales2020 said:

We have a mortgage offer!! So relieved! Good luck everybody 

Congratulations!!

mh_ww

Wales2020 said:

We have a mortgage offer!! So relieved! Good luck everybody 

Nice!

Frances13

Wales2020 said:

We have a mortgage offer!! So relieved! Good luck everybody 

Congrats!!!!