Nationwide Mortgages

miss_moody12

kingstreet said:

IMHO the purchase/remortgage and further advance processes are different and you shouldn't read across progress in one as indicative of what to expect in the other. Purchase/remortgage is usually faster from my experience.

Do you have any idea how it works if my LTV is now lower after valuation and we have to change our product banding?

Hoenir

chrisjp2017 said:

Does anyone know the process for Nationwide with regards to stages of the application process?

Different workstreams cover different aspects of the application. A question of how long it takes to pull all the information together. Before it can be passed to an underwriter for review and authorisation. Underwiters having the authority to make offers on the lenders behalf. 

chrisjp2017

Hoenir said:

chrisjp2017 said:

Does anyone know the process for Nationwide with regards to stages of the application process?

Different workstreams cover different aspects of the application. A question of how long it takes to pull all the information together. Before it can be passed to an underwriter for review and authorisation. Underwiters having the authority to make offers on the lenders behalf. 

Thank you for this. Appreciate it’s a lengthy process. We are on working day 9 today and the average is around 11 currently according to Nationwide timescales. We shall see. 

miss_moody12

chrisjp2017 said:

Hoenir said:

chrisjp2017 said:

Does anyone know the process for Nationwide with regards to stages of the application process?

Different workstreams cover different aspects of the application. A question of how long it takes to pull all the information together. Before it can be passed to an underwriter for review and authorisation. Underwiters having the authority to make offers on the lenders behalf. 

Thank you for this. Appreciate it’s a lengthy process. We are on working day 9 today and the average is around 11 currently according to Nationwide timescales. We shall see. 

Hopefully you should hear something by tomorrow, fingers crossed

chrisjp2017

miss_moody12 said:

chrisjp2017 said:

Hoenir said:

chrisjp2017 said:

Does anyone know the process for Nationwide with regards to stages of the application process?

Different workstreams cover different aspects of the application. A question of how long it takes to pull all the information together. Before it can be passed to an underwriter for review and authorisation. Underwiters having the authority to make offers on the lenders behalf. 

Thank you for this. Appreciate it’s a lengthy process. We are on working day 9 today and the average is around 11 currently according to Nationwide timescales. We shall see. 

Hopefully you should hear something by tomorrow, fingers crossed

We received our offer earlier this afternoon 🙌 

All the best for you moving forward 

kingstreet

miss_moody12 said:

kingstreet said:

IMHO the purchase/remortgage and further advance processes are different and you shouldn't read across progress in one as indicative of what to expect in the other. Purchase/remortgage is usually faster from my experience.

Do you have any idea how it works if my LTV is now lower after valuation and we have to change our product banding?

Presumably you have to choose a different product?

miss_moody12

kingstreet said:

miss_moody12 said:

kingstreet said:

IMHO the purchase/remortgage and further advance processes are different and you shouldn't read across progress in one as indicative of what to expect in the other. Purchase/remortgage is usually faster from my experience.

Do you have any idea how it works if my LTV is now lower after valuation and we have to change our product banding?

Presumably you have to choose a different product?

Yes we do, i spoke with them again and was told once product banding is changed it should then be approved to offer, a valuation is apparently last thing they look at and their email didn't reference anything else other than needing to change the product banding on our application, hopefully i get an offer tomorrow

miss_moody12

chrisjp2017 said:

miss_moody12 said:

chrisjp2017 said:

Hoenir said:

chrisjp2017 said:

Does anyone know the process for Nationwide with regards to stages of the application process?

Different workstreams cover different aspects of the application. A question of how long it takes to pull all the information together. Before it can be passed to an underwriter for review and authorisation. Underwiters having the authority to make offers on the lenders behalf. 

Thank you for this. Appreciate it’s a lengthy process. We are on working day 9 today and the average is around 11 currently according to Nationwide timescales. We shall see. 

Hopefully you should hear something by tomorrow, fingers crossed

We received our offer earlier this afternoon 🙌 

All the best for you moving forward 

Good news!!

miss_moody12

We have just received our offer! seconds after resubmitting out application on the lower LTV banding

chrisjp2017

miss_moody12 said:

We have just received our offer! seconds after resubmitting out application on the lower LTV banding

Fantastic news!! 🙌