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Page 363
    • middy991
    • By middy991 25th Oct 17, 12:51 PM
    • 56 Posts
    • 49 Thanks
    mortgage offer received this morning, sellers solicitors seem to be holding it up been over 3 weeks nd my solicitor still waiting on the contract pack from them
    • mailmannz
    • By mailmannz 25th Oct 17, 2:22 PM
    • 290 Posts
    • 176 Thanks
    Well, this was quick. Applied last week for a mortgage through Barclays with the paper work being sent off on Friday morning.

    Got a letter today (Wednesday) from Barclays saying "congratulations, find enclosed confirmation of your mortgage offer"

    Now to get the ball rolling with everything else!


    • Budapest123
    • By Budapest123 26th Oct 17, 12:21 PM
    • 7 Posts
    • 1 Thanks
    Bit of an update: found out yesterday that the mortgage has gone through and the formal docs are in the post!

    Now just to try and get our solicitors to do sonething!

    • LittleMac13
    • By LittleMac13 30th Oct 17, 9:56 AM
    • 22 Posts
    • 25 Thanks
    I'm hoping Santander are quick with mine too! They've been pretty speedy so far :-)

    16-Oct-17 - Applied for AIP (8pm)
    17-Oct-17 - Got AIP certificate (at 9am hah!)
    23-Oct-17 - Submitted full application with broker
    26-Oct-17 - Submitted extra info as Santander requested
    28-Oct-17 - Received call for valuation appointment
    31-Oct-17 - Valuation!!
    *EDIT* - 06-Nov-2017 - MORTGAGE ACCEPTED!

    Just hoping now that the valuation goes okay and I received an offer soon :-) Fingers crossed!

    One question, does the fact I'm at the valuation stage mean I've "passed" whatever criteria Santander look for when underwriting? Or do they just run alongside each other?

    Last edited by LittleMac13; 13-11-2017 at 9:42 AM.
    • tkel01
    • By tkel01 30th Oct 17, 12:04 PM
    • 55 Posts
    • 7 Thanks
    Leeds BS
    Got AIP approved after referral with Leeds BS.....full application went in on Friday.....cant sleep...feel 10 years older!
    • LittleMac13
    • By LittleMac13 31st Oct 17, 5:03 PM
    • 22 Posts
    • 25 Thanks
    Had the valuation at 10am today and they said I'd hear in a couple of hours, however I've not heard a pip :-(

    Makes me wonder whether they've undervalued my property. Hmm, fingers crossed they've just been busy...
    • Grantley1988
    • By Grantley1988 31st Oct 17, 8:50 PM
    • 1 Posts
    • 0 Thanks

    We are pleased to confirm that your mortgage application of 225,000 on behalf of G WHITE and S JOHNSON has been accepted.

    The following product(s) have been secured;
    INC825 Fixed Interest, INC825 FIXED RATE;Fixed at 1.99% until 31.01.2023

    Where we have asked you to provide documentation please send or fax to the address below, ensuring all correspondence has the mortgage account number displayed on it.

    PO Box 820
    1 Lovell Park Road
    LS1 9PD
    Fax 0845 609 8847

    We have instructed a valuation and we will keep you updated of the outcome of this.

    What does this mean exactly? Is it just confirmation of application or that they have accepted our application?

    I!!!8217;ve copied the main part of the email forwarded to our broker from TSB.

    • bowlhead99
    • By bowlhead99 1st Nov 17, 12:55 AM
    • 7,970 Posts
    • 14,500 Thanks
    What does this mean exactly? Is it just confirmation of application or that they have accepted our application?
    Originally posted by Grantley1988
    They have accepted your application subject to receiving any documents they asked for (if they actually requested any) and that documentation being consistent with what you said it was, and on the valuation being satisfactory.

    If you do go ahead and buy that property, that agreed product rate is secured - they have accepted the idea of you and your declared personal circumstances buying that property using their mortgage at that rate for that term.

    However, it's not the actual formal 'offer' of the mortgage. Until they have those documents they requested from you (if any) and they've had an independent valuation performed to show the property is worth what you want to pay, they won't just hand over the cash. But if everything proceeds according to plan, then yes you can borrow that amount on that property at that rate.
    • OW0809
    • By OW0809 1st Nov 17, 11:34 AM
    • 3 Posts
    • 1 Thanks
    TSB have carried out valuation, have they done credit checks too?
    Hi all,
    Our story so far...
    26/09 - DIP (with TSB through a broker)
    29/09 - reservation fee paid
    12/10 - full mortgage application in
    30/10 - valuation booked and assume been carried out

    I know TSB has requested for confirmation from my new job when I start employment with them (which is not until the 6th of November) so I am assuming we won't here anything after my new work has confirmed what TSB need

    My question is, does anyone know if TSB do credit checks before they instruct valuation? My credit score has down but no update on searches and I have not applied for any new credit or added to existing credit since 26/09.
    Our broker is saying all is good so far but not giving me a straight answer if the credit checks have been done.
    Can we assume if TSB has instructed valuation they are happy with our credit files? Or do they credit check after valuation? Soooooo confused
    • FTB1991
    • By FTB1991 1st Nov 17, 3:21 PM
    • 4 Posts
    • 6 Thanks
    As FTB's we thought we will add our process of applying for a mortgage.

    17/08 - AIP approved with Halifax for a max 245k with 5% deposit which I thought was ridiculously high. But nice to see anyway.

    21/08 - Viewed house (loved it!)
    22/08 - Viewed house for 2nd time with fianc!e parents and made offer at asking price (160k) and was accepted 2 hours later.

    24/08 - The nerve racking mortgage application with advisor. Which actually turned out to be very easy. Mortgage application submitted and given an A2 credit score so only 1 payslip needed from both us. And told it was approved subjected to valuation. Finally, later on we instructed our solicitors.

    02/09 - Was told by our mortgage advisor that the valuation was delayed without a date given due to an backlog with the surveyors.

    05/09 - Told the valuation is now booked for the 14/09. Just annoying waiting this length of time for a valuation survey.

    Will keep you updated of our process[/QUOTE]

    14/09 - Valuation done, pick up a few issues with property (render at back + wall ties). Therefore the house is valued at 155k now a retention is likely.

    1/11 - Mortgage offer finally through the door!!! Had to get estimates from building companies regarding the works. Halifax held a retention of 4750. During this period the valuer took 15 days to view the estimates to come to this conclusion (a ridiculous amount of time). Vendor agreed to drop the asking price to 155k therefore no retention was applied!

    Now to restart the searches etc with the solicitors. Hopefully this will go smoother than the mortgage application. Hope everyone gets a easier ride to get to an mortgage offer.
    • Riz766
    • By Riz766 1st Nov 17, 5:38 PM
    • 4 Posts
    • 0 Thanks
    Hi All .Good Evening

    We are First Time Buyers ..Buying from Sister and House is Underpriced( In Family transaction/Purchase ).
    We are using Nationwide Real Bargain Price Deal .
    My Nationwide Mortgage application Time line is as Below .

    19/10/2017 : DIP Done
    20/10/2017 : Full Mortgage Application Submitted with 2 Payalips ( Mine+Wife) as requested . Via Broker
    24/10/2017 : Valuation Done . Text received
    25/10: Valuation approved Text received .
    30/10 :Nationwide asked why There are only NI deductions on My wife!!!8217;s pay slip and NOT tax .

    We replied via Mortgage Broker same day (30/10/2017)that This is her First job in 2017/2018 and She has started in Aug 2017 . And there are no Tax deductions as She is still in her Tax free Allowance/Threshold after confirming with her Employer.

    After that there is no response at all . It!!!8217;s quiet frustrating as Other people!!!8217;s who applied from Nationwide are getting their offers pretty Quick .. !!!65533;!!!65533;
    Last edited by Riz766; 01-11-2017 at 6:00 PM.
    • tkel01
    • By tkel01 6th Nov 17, 8:16 PM
    • 55 Posts
    • 7 Thanks
    waiting for offer from leeds....

    Assessment has been done...not asked for anymore documents and valuation done thursday....i have no idea if any of this means i will get it as i dont know if they underwrite before or after valuation.

    Not many people seem to know leeds process!?
    • Frarubvio
    • By Frarubvio 7th Nov 17, 9:17 AM
    • 33 Posts
    • 14 Thanks
    Goodluck tkel
    • callumheeler
    • By callumheeler 7th Nov 17, 11:11 AM
    • 2 Posts
    • 0 Thanks
    I am not sure if I want to join. But you gave reasons to think about. Maybe, I'll try but it is not 100%. Sorry, sometimes I can be too indecisive and this case is not an exception.
    • liquoricet
    • By liquoricet 7th Nov 17, 5:05 PM
    • 52 Posts
    • 102 Thanks
    Tkel01 not sure but think they do the underwriting then the valuation. We had an AIP about 2 weeks ago, the email with the application last Tuesday.

    Hubby gave it in to a branch weds with all the supporting documents, I checked all received on Friday and heard nothing as of yet. Waiting for them to approve the application and then for the valuation.

    I was told we're unlikely to hear for a week (which would be Thursday).
    Did you use a broker?
    • Mr2man
    • By Mr2man 7th Nov 17, 10:29 PM
    • 2 Posts
    • 0 Thanks
    Hello all. I'm a Scottish FTB patiently waiting on HSBC - anyone had any luck with them recently?

    10 Oct - 1 Nov - DIP obtained for mortgage of 162k (10.1% dep)
    2 Nov 2017 - Offer accepted on cheaper property (134k + 10.1% dep)
    2 Nov 2017 - Application completed online/direct
    3 Nov 2017 - Handed in large bundle of docs at HSBC branch (way more than they asked for)
    6 Nov 2017 - Phoned up - told that docs are in and to be allocated to an underwriter. Should get a decision in 5-10 working days.

    Slightly regretting jumping in with HSBC as it seems Virgin Money and Santander are better, quicker and less picky options. Decent salary (39k), stable job and ideal credit rating but I've got 7k worth of credit card debt. Will just need to wait and see and keep my fingers crossed
    • Roril321
    • By Roril321 7th Nov 17, 10:41 PM
    • 13 Posts
    • 0 Thanks
    Been calling our broker every day for the past two and half weeks. Reserved a property, got AIP, sent all relevant documents off for review and two weeks into our deadline and he's been reassuring us that everything is fine and there's no need to worry and that he will secure us a mortgage etc etc. Emails to tell us our paper work is ready to send off and next day calls to tell us he doesn't want to help us after reviewing our bank statement and can see my partner fell into his overdraft once within the last 3 months which he paid back the same day. (No affect on credit score) So two and a half weeks in and back to square one.
    • tkel01
    • By tkel01 8th Nov 17, 3:01 PM
    • 55 Posts
    • 7 Thanks
    Tkel01 not sure but think they do the underwriting then the valuation. We had an AIP about 2 weeks ago, the email with the application last Tuesday.

    Hubby gave it in to a branch weds with all the supporting documents, I checked all received on Friday and heard nothing as of yet. Waiting for them to approve the application and then for the valuation.

    I was told we're unlikely to hear for a week (which would be Thursday).
    Did you use a broker?
    Originally posted by liquoricet
    Hi yes we update....underwriting done last week waiting for valuation report now then final checks....really want to be in for xmas...its a new build and is ready to go so once the offer is in im going to be harrassing the solicitor....anyway fingers crossed no last minute issues!

    Good luck all
    • liquoricet
    • By liquoricet 8th Nov 17, 10:16 PM
    • 52 Posts
    • 102 Thanks
    Think we're right behind you. Application sent to underwriters today, valuation booked for 20th but some good news, we'll keep the interest rate we applied for.
    • Firsttimebuyers
    • By Firsttimebuyers 10th Nov 17, 10:29 AM
    • 158 Posts
    • 160 Thanks
    Application going in with Natwest today

    Previously had a DIP for 120k Purchase Price

    7/11 Spot a property reduced that afternoon on Rightmove which was previously out of our price range
    7/11 View the house
    8/11 Offer Accepted for 135k
    9/11 New DIP for 135k with Natwest goes through
    10/11 Broker is putting in the full application today

    Nerves are kicking in now, would be our dream house but not sure we're stretching too far with a 5% deposit
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