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

Starting to panic now our application is in 😬😬😬Having to go with Precise due to DMP which will be fully paid on completion. Anyone got any experiences and timescales for us to expect. We accepted an offer on our current property and had our offer accepted during the week so it all comes down to this application.

Rejoining this thread as the wait is also killing me! lol

Awaiting Let to Buy mortgage update.. so far timelines are:
28/06 - AIP for both LTB and onward purchase obtained from broker
01/07 - sent through all the required documentation to broker
03/07 - application submitted
08/07 - hard searched twice appeared in credit file
10/07 - application and valuation fee taken

No idea what stage our application is at but apparently, should have an update tomorrow as from payment stage - up to 5 days with the underwriter.

One more sleep, make or break situation! Unfortunately, we went through the same process last year with another lender that pulled out at last minute . Fingers crossed this time would be different as we have crossed all our T's and dotted all the I's to make sure before we submitted our application that the issues were flagged with the lender by our broker.

heston2014 wrote: »

Rejoining this thread as the wait is also killing me! lol

Awaiting Let to Buy mortgage update.. so far timelines are:
28/06 - AIP for both LTB and onward purchase obtained from broker
01/07 - sent through all the required documentation to broker
03/07 - application submitted
08/07 - hard searched twice appeared in credit file
10/07 - application and valuation fee taken

No idea what stage our application is at but apparently, should have an update tomorrow as from payment stage - up to 5 days with the underwriter.

One more sleep, make or break situation! Unfortunately, we went through the same process last year with another lender that pulled out at last minute . Fingers crossed this time would be different as we have crossed all our T's and dotted all the I's to make sure before we submitted our application that the issues were flagged with the lender by our broker.

16/07 Just had an email from our broker with a query from the lender, still no clarity as to what stage we're at as it says "need this info for our lending decision". So I'm guessing, once the underwriter is ok with the info, valuation next? or perhaps valuation has somewhat taken place (desktop / drive by) and decision next???

Who knows! I feel bad for our broker as I keep pestering him and he's been so patient with us. Just have to hope for the best and wait until tomorrow.

Hi all,

I'm new to this thread having had our offer accepted on our first home late on Tuesday afternoon.

We'd previously been in contact with L&C who issued us with a decision in principle certificate but once our offer was accepted we decided instead to get in touch with a mortgage broker that other family members have used. She was fantastic and by the following morning we had emailed over all the paperwork needed. We're now playing the waiting game...

Our broker is due to come back to us either tomorrow or Monday, having reviewed all our documentation, with some mortgage options. She wants to then submit everything to obtain an agreement in principle (apparently the certificate from L&C is just their expert opinion rather than from any particular lender), followed by the application for real.

I believe all our financials should stack up well but still can't help feeling nervous about whether we'll be accepted.

So, looking forward to joining you all as we go through this process. It already feels like agony so hate knowing that this is just the beginning!

Update from Precise yesterday. They're happy with all the the documents so far and have instructed valuation. Praying the end is in sight.