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Nationwide additional borrowing advice
DM2424
Posts: 2 Newbie
Morning all,
Hoping to get some advice on the below please. We've had a mortgage for coming up 4 years with Nationwide and decided to go for some additional borrowing to do a few things around the house. Currently have £138k owing, additional borrowing requested of £22k. House was valued at £207k when I completed the application online (through their own populated value). The decision was refereed at time of application so have had to send in pay slips and bank statements which has given us the below updates on our timeline...
Couple of questions - Does a valuer come out to your home to complete the valuation or just do this remotely currently? Any more potential hickups at this point in the process other than them not agreeing with Nationwide's own valuation?
Thanks!
Hoping to get some advice on the below please. We've had a mortgage for coming up 4 years with Nationwide and decided to go for some additional borrowing to do a few things around the house. Currently have £138k owing, additional borrowing requested of £22k. House was valued at £207k when I completed the application online (through their own populated value). The decision was refereed at time of application so have had to send in pay slips and bank statements which has given us the below updates on our timeline...
Couple of questions - Does a valuer come out to your home to complete the valuation or just do this remotely currently? Any more potential hickups at this point in the process other than them not agreeing with Nationwide's own valuation?
Thanks!
| Description | Date |
|---|---|
| Other Document has been received and is awaiting approval | 06 Apr 2021 |
| Other Document has been received and is awaiting approval | 06 Apr 2021 |
| Other Document has been received and is awaiting approval | 06 Apr 2021 |
| New Document Requested - ValuationReport | 06 Apr 2021 |
| New Document Requested - ValuationBookingDate | 06 Apr 2021 |
| A valuation has been instructed | 06 Apr 2021 |
| Decision in Principle - Accept | 06 Apr 2021 |
| Other Document has been received and is awaiting approval | 06 Apr 2021 |
| LastestFullMonthsBankStatements received and satisfactory | 06 Apr 2021 |
| LastestFullMonthsBankStatements received and satisfactory | 06 Apr 2021 |
| PayslipsPrimaryEmployment received and satisfactory | 06 Apr 2021 |
| Other Document has been received and is awaiting approval | 06 Apr 2021 |
| Other Document has been received and is awaiting approval | 30 Mar 2021 |
| New Document Requested - ConsentRequired | 26 Mar 2021 |
| New Document Requested - ConsentRequired | 26 Mar 2021 |
| Mortgage Application Submitted | 26 Mar 2021 |
| Product Reserved - 10 Year Fixed Rate | 26 Mar 2021 |
| Decision in Principle - Refer | 26 Mar 2021 |
0
Comments
-
Just awnsered my own first question, valuation booked for next week after they just called me to come out and do0
-
Probs as your loan to value will be quite high then at 80% so they want to check if that is correct. Whenever Ive borrowed more its been automated as Im down in the lower 30%’s loan to value1
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