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    • Roo89
    • By Roo89 14th Mar 18, 9:16 AM
    • 9 Posts
    • 4 Thanks
    Got the offer this morning!!!

    Got our DIP with Nationwide 30/01/18
    First Viewing 10/02/18
    Second Viewing and Offer Made 12/02/18
    Offer Accepted on house 12/02/18
    Mortgage Application Submitted 22/02/18
    Valuation and Survey completed 27/02/18
    Solicitor instructed 27/02/18
    NW required more documents (sent back same day) 02/03/18
    Survey report received 12/03/18
    Solicitor started Searches 13/03/18
    NW hard offer received for full amount 14/03/18

    We had some issues with Nationwide, I think we got unlucky with the person reviewing our application, because we had to notify them 4 times about a standing order payment before they updated their system.
    • Slick88
    • By Slick88 14th Mar 18, 9:51 AM
    • 22 Posts
    • 3 Thanks
    Nervours First Time Buyer
    So having been lurking for awhile I'm ready to join the thread!

    03/02 - AIP with Natwest
    12/2 - Appointment with independant MA to look at available options
    14/2 - First and Second viewing of a property new to the market that day!
    14/2 - First offer rejected (it was a very cheeky offer
    15/2 - Second offer rejected
    17/2 - Third and final offer accepted
    22/2 - Began to instruct Solicitors
    23/2 - AIP with MA for TSB accepted and full application submitted
    26/2 - Full application received by TSB - Credit check appears on file - Survey money taken
    26/2 - MA puts survey on hold until Application process has moved forward.
    5/3 - More documents requested and alteration to Gift declaration (make sure if your getting a gift and a joint applicant both your names are on the gift statement!)
    5/3 - Documents returned same day - MA passess info across and tells us survey should be instructed week of 12/3
    13/3 - emailed MA yesterday for an update yesterday and patiently waiting for a reply.

    I am ridiculously nervous about the process and im terriffied that something is going to go wrong! The house is exactly what we wanted and thanks to the generoisty of the OH's parents we now have a 10% deposit instead of a 5%...

    It's probably not made any better by the oter half being so chilled out about it!
    • Slick88
    • By Slick88 14th Mar 18, 12:21 PM
    • 22 Posts
    • 3 Thanks

    14/3 - MA just called to advise that he is letting the survey go ahead and that TSB are now reviewing the documents we submitted last week.

    He's fairly confident that once the survey has gone ahead we should get our mortgage offer

    *fingers crossed*
    • stripedbanana
    • By stripedbanana 14th Mar 18, 12:24 PM
    • 26 Posts
    • 4 Thanks
    It's probably not made any better by the oter half being so chilled out about it!
    Mine too. I am obsessing over it and OH is horizontal. I need somebody to stress with, it's why I'm here

    Our application tracker hasn't changed at all since last Wednesday at "valuation report received, we will contact you when it has been fully assessed".
    • Slick88
    • By Slick88 14th Mar 18, 12:37 PM
    • 22 Posts
    • 3 Thanks
    Ah that sucks!

    I'm almost glad I don't have a mortgage tracker app... I think I'd go mad and just sit in the corner of a room in the dark refreshing it until something happens.

    I'm losing so much sleep staying up at night reading horror stories on the forums, I think my students think I'm ill!
    • JBBROWN94
    • By JBBROWN94 14th Mar 18, 6:30 PM
    • 7 Posts
    • 1 Thanks
    At last I am at the end of my journey and I get the keys to my first home on Friday!!
    Home owner at 23 without the bank of Mum and Dad.
    • walkersneed
    • By walkersneed 14th Mar 18, 7:46 PM
    • 11 Posts
    • 3 Thanks
    Hey all, I wanted to share my experience as I've been so impressed - I've spent the last three months stressing out over so many 'what if's, and I ended up just going for it and applying for a mortgage as I'd found a really lovely flat I can see myself living in.

    Background: FTB, approx. 55% LTV, clean credit history (no overdrafts, no credit cards, no loans, no mortgages, no CCJs, no bankruptcies, have three hard searches in the last 3 months due to various reasons)

    12/03 evening: Applied with Natwest direct over the phone (paperless system) (took two hours, from 6pm to 8pm). I had uploaded 3 months' bank statements and 3 payslips and 1 proof of ID beforehand onto their digidocs system. The advisor who helped me was so lovely, and whenever I freaked out over interpretations of questions she was so good at reassuring me.
    13/03 morning: Natwest sends me a text message confirming they've received my application.
    13/03 afternoon: I receive a text message from 'Valuation' saying that they'll carry out a valuation on behalf of Natwest on the 15/03.
    14/03 morning: can finally access the tracking system. Nothing shows up of interest.
    14/03 afternoon: I receive a text message from Natwest saying 'Good news! Your mortgage application xxxx has been agreed subject to receiving a satisfactory valuation.'
    14/03 night: I call up the Natwest mortgage centre to make sure this text was not a system error - and it was not! The advisor was able to assure me that an underwriter had actually reviewed my application and clicked 'send' to send me that lovely text message.

    So the turnaround for underwriting was less than 48 hours from submission of full application! I would recommend making use of the Paperless system that Natwest set up - I only used it because I wanted a 6pm appointment (due to work hours), and in-branch couldn't offer me that. But I'm impressed. It actually sped up the process and got me to this stage so quickly!
    • Alarae
    • By Alarae 14th Mar 18, 8:45 PM
    • 324 Posts
    • 334 Thanks
    Just checked the progress on the tracker and the application was passed back to underwriters on 10 March.

    Santander are currently looking at applications to underwriters from 7 March. Probably won't get check until Wednesday now, when no doubt they will ask for something else and then will be another wait for underwriters..

    At this rate my solicitors will have the legal work done before we have the mortgage offer!
    Originally posted by Alarae
    As predicted, Santander are asking for more. This is information they definitely could have asked for last week! Need to provide more payslips, last year p60, letter to confirm I will continue zero hour (second job) and confirmation of our current outstanding mortgage balance.

    Annoyingly I can find every p60 except for that one job for that year. Asked payroll to try and email me another copy otherwise I'll have to wing it and send my last March payslip instead.

    It's just one thing after the other. Will be another week wait as well
    Save 10k in 2018: #58

    £4,111.44 / £10,000 - 41.11%
    • Scottmac19
    • By Scottmac19 15th Mar 18, 7:16 AM
    • 5 Posts
    • 0 Thanks
    Getting mortgage with payday loan history
    So so stressful , trying to buy a new build with my wife , both have good credit scores and approx 100k annual salary between us however I have a history of payday loans the most recent being 9 months ago , they were all paid on time or early I was badly advised it would be good for my credit report . Anyway we went for a mortgage with Leeds building society through a broker and got an AIP, and have done full application just playing waiting game now ,anyone else in same situation with PDLís and getting a mortgage??
    • stripedbanana
    • By stripedbanana 15th Mar 18, 10:04 AM
    • 26 Posts
    • 4 Thanks
    Finally been an update on the application tracker after me stalking it relentlessly for a week. They are now reviewing our bank statements/payslips. Anyone have any idea how long this stage generally takes? (Natwest)
    • walkersneed
    • By walkersneed 15th Mar 18, 12:12 PM
    • 11 Posts
    • 3 Thanks
    Finally been an update on the application tracker after me stalking it relentlessly for a week. They are now reviewing our bank statements/payslips. Anyone have any idea how long this stage generally takes? (Natwest)
    Originally posted by stripedbanana

    Hi, they took less than 48 hours to pick up and review my bank statements/payslips, just this week. They seemed to have a light workload, which I confirmed with the mortgage centre people.
    • Slick88
    • By Slick88 15th Mar 18, 12:56 PM
    • 22 Posts
    • 3 Thanks
    Scottmac19 - I have payday loans history and I am currently going through the process.

    I read some horror stories on here about people getting rejected for them and made myself physically sick.

    However a quick phone call to my MA the next day put my mind at ease. He said that the lender were using doesn't ask about payday loans and, depending on the credit reference agency, some of them dont even show up. Mine didnt on Experian which is what our bank uses.

    As long as they are paid on time and you pass affordability, which I had, I was told I would be fine. The banks already done the hard search on my credit file and it hasn't been mentioned to my MA. My last one was for a small amount in October due to not being paid correctly by work.
    • Scottmac19
    • By Scottmac19 15th Mar 18, 1:24 PM
    • 5 Posts
    • 0 Thanks
    Hey thanks for your reply , I passed the soft credit search so Iíd hoped the payday loan history would of been taken into consideration then , and yes all are paid off and always on time , hard credit search was done on Friday 9th March and since then the only thing Iíve heard is they wanted another bank statement from my broker, fingers crossed I hear something soon
    • Scottmac19
    • By Scottmac19 15th Mar 18, 1:42 PM
    • 5 Posts
    • 0 Thanks
    Slick88- who are you getting mortgage with ? Yes itís been the horror stories on here thatís been making me ill too !
    • Slick88
    • By Slick88 15th Mar 18, 3:13 PM
    • 22 Posts
    • 3 Thanks
    Scottmac19 - TSB via independent mortgage adviser.
    • ma786
    • By ma786 15th Mar 18, 3:20 PM
    • 25 Posts
    • 1 Thanks
    We are in the same process, sent application to TSB via broker last week expecting to get a response this week but they are way behind on checking applications / docs so looking at another week or so!
    The wait is now killing us - first time buyer so extremely nervous!
    • Sazzy7
    • By Sazzy7 15th Mar 18, 5:02 PM
    • 11 Posts
    • 0 Thanks
    My flat buying is going nowhere. I changed mortgage broker after five weeks and getting nowhere, with Halifax constantly reducing the amount they would loan me. New mortgage broker found a mortgage with Leeds but when they looked at the property brochure they decided they didn't like my flat so wouldn't loan me the money, then he went to Ipswich Building Society, who decided after seeing the shared ownership rent that I couldn't afford the flat. Considering I earn around £75k (as a contractor) is ridiculous. I could afford to buy a non-shared ownership place, but it will take me a couple of years to save up that much and I don't want to keep living in a shared rental. If I go and rent somewhere on my own I'll be paying more than my rent and mortgage on a shared ownership.

    It is sooooo stressful, haven't had a good night's sleeps in two months, my flat is sat there empty waiting for me to move in and I can't seem to find a lender who will do a shared ownership mortgage for me as a self employed with 1 year accounts (same line of work for 13 years) on a new flat that is in a converted building. Everything seems to be against me getting this flat.
    • tori.k
    • By tori.k 15th Mar 18, 6:34 PM
    • 3,169 Posts
    • 7,977 Thanks
    we finally get to join you guys
    5/3 house viewed
    7/3 offer excepted
    10/3 DIP reproduced
    12/3 mortgage application with platform (co-op) via broker

    This should be a fairly easy process as we were set up with another property that fell through so hopefully looking to complete in 5/6 weeks time.
    Originally posted by tori.k
    15/03 full mortgage offered subject to valuation,
    20/03 valuation booked
    Debit to Credit (stage 1) 3652.34 completed 15/10/16
    Debit to Credit (stage 2) 6299.09 completed 25/06/17
    Mortgage Free (stage 3) 140000/ 870
    Save 12k in 2018 #76 3000/6000
    • DragonQ
    • By DragonQ 16th Mar 18, 10:08 AM
    • 2,000 Posts
    • 676 Thanks
    12/02: Applied via broker.
    16/02: Valuation carried out.
    20/02: Solicitor forms submitted.
    26/02: TSB asks about taxable benefit & I answer.
    12/03: I ask broker to confirm valuation was fine and TSB doesn't need anything else, he answers yes to both.

    So it's been nearly a month since we submitted everything that we needed to (our case tracker says nothing more is required) and still nothing. >_>
    • stripedbanana
    • By stripedbanana 16th Mar 18, 11:53 AM
    • 26 Posts
    • 4 Thanks
    Waaahhh, our online tracker has updated to stage 3 (completion) and confirms we'll receive our written offer within 5 days. Inexplicably relieved amd much faster than I expected!!

    Timeline (no separate valuation as buying in Scotland):

    6/2 - AIP from Natwest via broker
    28/2 - Closing date offer accepted
    7/3 - Full application
    8/3 - Valuation report received by lender
    15/3 - Payslips and bank statements assessed
    16/3 - Online confirmation of offer
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