Mortgage application

alfie1104

Hi, had mortgage application initially accepted by nationwide, however when the valuation of property happened they down valued the property which resulted in LTV increasing over 90%. Nationwide then couldn't complete the offer. Our application had been accepted at all stages until valuation and had been reviewed by underwriters. 
We have now renegotiated our offer and increased deposit which brought LTV down to 90% and application was resubmitted to Nationwide. Do you think chances of approval are high given everything passed the first time and was the down valuation which impacted offer?

ACG

Reapplied or amended your original application? 
In either event it should be fine, but they might ask why you have made a second application if you went down that route. 

alfie1104

Hi we had reapplied, with the initial decline due to LTV they give us a cut off date to come back. We did go back through their advisor before that cut off date to amend however when she went to put the new details in she had said the application had been closed. I think she then had to resubmit all our details again. This happened about a week ago and there have been no updates sent via text or email like before. When the first application went in we got text to say received, then that it had been reviewed by underwriter, then the valuation whereas this time it's been silence which worried me slightly