Anyone want to join me? Awaiting Mortgage decision...

azza2007 wrote: »

Good evening everyone.

Here's how my application with Leeds Building Society has gone so far :

(I am a home owner moving house )

03/08/15 - Offer accepted on my property

06/08/15 - Decision In Principle with Halifax

08/08/15 - View Property I like

18/08/15 - After clarifying buyers position, make offer on property I like (offer rejected)

18/08/15 - 2nd offer made - (Offer accepted £5k under asking) :T

22/08/15 - Gave ID, Solicitor details for the sale of my property and agreement in principle to estate agents.

24/08/15 - Estate agents advise offer has now been officially accepted after clarifying details with my solicitor for the sale of my property and the house is sold subject to contract.

27/08/15 - After speaking to a broker and doing various research decide to apply direct with Leeds Building society online as opposed to Halifax due to offering a better rate for my circumstances.

(Agreement in Principle and full application submitted online)

28/08/15 - Post off full application with all documents requested

02/09/15 - Leeds Building Society ask for an additional 2 months bank statements which were not clearly asked for at time of application.

03/09/15 - Sent off additional 2 months bank statements as requested

08/09/5 - Call for update and advised all documents have now been submitted to underwriter for review.

10/09/15 - Receive valuation report in post for property valued on 08/09/15 which was news to me as I was expecting valuation to be done once underwriter was ok with all documents submitted.

11/09/15/ - Receive letter requesting clarification of employer name, as I get paid through the parent company which is a different name to my employer.

Also get asked to send in latest payslip and bank statement (even though I don't get this till 25th September) to clarify my recent pay increase, which is a little annoying as I provided a letter from my HR department on company headed paper confirming my new pay amount, from what day, signed and dated by my company.

(LBS already have my June, July and August Payslips and Bank Statements)

I Have called LBS and advised of these two points and have to wait now possibly until Friday 18th September to see what they say.

I am just happy that the buyer is in no real rush to move in to my property and as yet the seller of the property I am buying from is still searching for somewhere to buy/ rent.

I would hate to be in this situation if either one of them was trying to move fast as all these little set backs take a full week to be answered and progressed to the next hurdle.

Good luck with everyone awaiting mortgage offers.

sheraz_aries wrote: »

I been informed by our Financial Adviser today that our mortgage has been approved and the mortgage offer letter is now in post.

a) Does it means credit checks have been conducted?
b) I am keen to buy some stuff worth £1000 through my credit card, was on hold as don't want to effect our mortgage application. Was wondering if its safe to do it now?