Struggling with the wait

newbielou

Long story short I’m almost 43 who has cleared almost 40k of debts in the last few years, I’ve also doubled my income by expanding my business and am finally in a position to buy a house.
I applied last week through a broker and got an agreement in principal straight away with Barclays, I’ve sent everything off and am now struggling with the wait to see if it’s gone through, no point to my post but no one irl I can talk to about it 🤣. This point has been my goal and motivation to clearing my debts for the last 7 ish years and now I’m worrying I’m going to crash if I’m not successful.

thanks for reading 🙂

Myci85

Good luck with your application, really hope it goes through for you. I know what it feels like to think buying your own house is never going to happen for you, at an age where it seems everyone else has owned for years, and then when it actually looks possible, the waiting on tenterhooks convinced something will go wrong is very real!

ACG

Even if Barclays do decline it, the fact you passed the DIP with them suggests there will be a Plan B and C and D and..

newbielou

ACG said:

Even if Barclays do decline it, the fact you passed the DIP with them suggests there will be a Plan B and C and D and..

Oh really I thought if Barclays declined it that would be it as I would have a failed application on credit file … this gives me hope 🤞🏻

ACG

It doesnt record the outcome anywhere.
You might not proceed because its been declined, because the property failed the valuation, because the seller pulled out etc. 

You will be fine im sure. 

newbielou

Hello everyone, a quick update for those of you who took the time to advise, the first bank turned me down but the 2nd bank approved and they have a higher percentage for overpayment so I’m very happy. Currently debating a mortgage free wannabe diary before I’ve made my first payment 🤣.

Thank you all

ACG

Congratulations. 
Well done.