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Nationwide mortgage process???
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We're buying near Plymouth 🙂 It's been a quicker process than I thought so far. Houses seem to be selling so quick everywhere! For every three houses we liked and were set to view , one would go before we had chance !FTB 🙂
05/10/20 DIP
10/10/20 Offer made on property
12/10/20 Instructed solicitors
16/10/20 Mortgage application made
10/11/20 Solicitors received the contract pack from vendor and started the searches
18/11/20 Homebuyers survey + mortgage valuation conducted
19/11/20 Survey report and valuation received
20/11/20 Drainage and environmental search back, waiting on personal search. Initial enquires sent to vendors solicitor01/12/20 Mortgage offer received 🎉
07/12/20 Final search and enquires back25/01/21 Exchanged 🎉
29/01/21 Completed on our first home 🏡0 -
We noticed loads of houses were being added to the market when we were looking. We looked at one and didn't have an offer accepted, think we looked at 2 more on the same day and loved both but the second was a lot bigger and needed a bit more work so could degotitate a lower price with the seller! Just want to be in and move now haha!
16/10 - Decision in principle
22/10 - offer accepted
30/10 - application submitted
10/11 - hard credit search (ClearScore)
13/11 - application cancelled due to wrong address submitted by MA
16/11 - application re-submitted
25/11 - hard credit search (Credit Karma)
10/12 - valuation booked for 18/12
18/12 - valuation and homebuyers survey completed
23/12 - mortgage offer received and homebuyers survey returned0 -
Yh I bet, just want to do everything we can to speed up the process ... Did you resubmitted your application today? What did your MA say about it all, were they notified about the address issue by nationwide ? Hope it's all back on track now.FTB 🙂
05/10/20 DIP
10/10/20 Offer made on property
12/10/20 Instructed solicitors
16/10/20 Mortgage application made
10/11/20 Solicitors received the contract pack from vendor and started the searches
18/11/20 Homebuyers survey + mortgage valuation conducted
19/11/20 Survey report and valuation received
20/11/20 Drainage and environmental search back, waiting on personal search. Initial enquires sent to vendors solicitor01/12/20 Mortgage offer received 🎉
07/12/20 Final search and enquires back25/01/21 Exchanged 🎉
29/01/21 Completed on our first home 🏡0 -
The MA called us at 7am and said they had been notified by Narionwide late Friday and hadn't seen (not buying it I genuinely think they were trying to correct it thinking we wouldn't go directly to NW) but they have resubmitted the application yesterday and seem to think it will only delay by 3-4 days max (again not convinced) but we shall see. Not had any notification of valuation / homebuyers survey yet but didn't have this last time either but kind of makes sense we didn't then if the address was totally wrong! Thank-you fingers crossed we were going to complete early January, what about you?16/10 - Decision in principle
22/10 - offer accepted
30/10 - application submitted
10/11 - hard credit search (ClearScore)
13/11 - application cancelled due to wrong address submitted by MA
16/11 - application re-submitted
25/11 - hard credit search (Credit Karma)
10/12 - valuation booked for 18/12
18/12 - valuation and homebuyers survey completed
23/12 - mortgage offer received and homebuyers survey returned0 -
Hopefully it only delays by the few days , if they've already done your credit check then I suppose you know there's nothing to worry about there.
I'm not sure when we'll complete, it's all down to how quick our solicitors and mortgage offer is I guess. Our vendor is ready to go asap so I'm hoping it'll be early January.
We have our survey/valuation tomorrow and I'm nervous about that as I've seen a few threads on here now about properties being undervalued what they'd offered. I'm just an anxious person I think and I don't want to get my hopes up too much in case it all comes crashing down 🤦 ... We should get the results from that by Monday our MA reckons ...FTB 🙂
05/10/20 DIP
10/10/20 Offer made on property
12/10/20 Instructed solicitors
16/10/20 Mortgage application made
10/11/20 Solicitors received the contract pack from vendor and started the searches
18/11/20 Homebuyers survey + mortgage valuation conducted
19/11/20 Survey report and valuation received
20/11/20 Drainage and environmental search back, waiting on personal search. Initial enquires sent to vendors solicitor01/12/20 Mortgage offer received 🎉
07/12/20 Final search and enquires back25/01/21 Exchanged 🎉
29/01/21 Completed on our first home 🏡0 -
No-one tells you how stressful and testing the who process is - definitely should be something you learn about at school!
I'm sure it will be fine, let me know how it goes!16/10 - Decision in principle
22/10 - offer accepted
30/10 - application submitted
10/11 - hard credit search (ClearScore)
13/11 - application cancelled due to wrong address submitted by MA
16/11 - application re-submitted
25/11 - hard credit search (Credit Karma)
10/12 - valuation booked for 18/12
18/12 - valuation and homebuyers survey completed
23/12 - mortgage offer received and homebuyers survey returned0 -
So it all went well, the survey was yesterday and they rang before they conducted it explaining how the report will look and if there was anything in particular we were looking at as a concern.
Then we got the report this afternoon and our MA got a text from Nationwide to say they also had received the valuation. They have valued the property at the same as our offer price so no problem there hopefully and the survey has only flagged a couple of things so I'm very relieved!! We should hear from Nationwide in 6 working days apparently so I'll let you know if that's an accurate timescale and then you know what to expect too 👍FTB 🙂
05/10/20 DIP
10/10/20 Offer made on property
12/10/20 Instructed solicitors
16/10/20 Mortgage application made
10/11/20 Solicitors received the contract pack from vendor and started the searches
18/11/20 Homebuyers survey + mortgage valuation conducted
19/11/20 Survey report and valuation received
20/11/20 Drainage and environmental search back, waiting on personal search. Initial enquires sent to vendors solicitor01/12/20 Mortgage offer received 🎉
07/12/20 Final search and enquires back25/01/21 Exchanged 🎉
29/01/21 Completed on our first home 🏡0 -
Ahhhhh that's so good! We still haven't had notification off when our home survey is booked - think I am just inpatient!16/10 - Decision in principle
22/10 - offer accepted
30/10 - application submitted
10/11 - hard credit search (ClearScore)
13/11 - application cancelled due to wrong address submitted by MA
16/11 - application re-submitted
25/11 - hard credit search (Credit Karma)
10/12 - valuation booked for 18/12
18/12 - valuation and homebuyers survey completed
23/12 - mortgage offer received and homebuyers survey returned0 -
Thanks, I'd be the same to be honest especially when we know how things are delayed ... How long was it last time before you heard or were asked to pay ?FTB 🙂
05/10/20 DIP
10/10/20 Offer made on property
12/10/20 Instructed solicitors
16/10/20 Mortgage application made
10/11/20 Solicitors received the contract pack from vendor and started the searches
18/11/20 Homebuyers survey + mortgage valuation conducted
19/11/20 Survey report and valuation received
20/11/20 Drainage and environmental search back, waiting on personal search. Initial enquires sent to vendors solicitor01/12/20 Mortgage offer received 🎉
07/12/20 Final search and enquires back25/01/21 Exchanged 🎉
29/01/21 Completed on our first home 🏡0 -
We didn't hear about the survey the first time but the money was deducted immediately, they refunded when the application was cancelled and on Monday as soon as it was resubmitted it was taken again. Going to ring MA today to see what is going on 😩16/10 - Decision in principle
22/10 - offer accepted
30/10 - application submitted
10/11 - hard credit search (ClearScore)
13/11 - application cancelled due to wrong address submitted by MA
16/11 - application re-submitted
25/11 - hard credit search (Credit Karma)
10/12 - valuation booked for 18/12
18/12 - valuation and homebuyers survey completed
23/12 - mortgage offer received and homebuyers survey returned0
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