Hi All, we’ve recently submitted our mortgage application (on 12.02.24) with Nationwide through a broker. We currently already have a mortgage with them but our 5 years deal is coming to an end in April so hence why we’ve made a decision to move on plus we also have 2 kids now (3 year old and a 2 months old) so we need more space.
We went with Nationwide directly back in 2019 and the whole process only took about a week. This time they seem to be a bit more fussy with things, not sure if it’s because we are going with a broker and the mortgage is obviously much bigger than our first one.
We’ve chased the broker a couple of times and found out they’ve done the property valuation already but no one was informed. We thought maybe they’ve done a desktop valuation but we found out from the estate agent we are buying from that someone actually turned up at the house but the vendors nor the estate agents were informed, which we think it’s really bad. You don’t just turn up at peoples house.
Anyways, we were told by the broker on Wednesday that they have the valuation report and they are just finishing the last reviews but then yesterday, our broker came back and said they are having a bit back and forth with Nationwide at the moment and asked my husband to send in another 3 weeks (the latest 3) of payslips as he gets paid weekly and his pay is made up with basic pay, overtime and night premiums as he works nights. His overtime is guaranteed every week(to be honest, it’s not really ‘overtime’, they just pay 1.5 times after the first 5 hours of his shift, his total shift is a minimum of 11 hours a night. It’s generally around 12-13 hours a night plus the night rate etc after certain time of the night). They now have a total of 16 weeks of payslips from him.
He was on paternity leave in December so is this why they are asking for more payslips?
Does anyone think it’s a bad sign when they say ‘they are having a bit back and forth with them’?
We both have excellent credit score and excellent credit history. The only debt we have at the moment is £4500 on a credit card (we used it to do the driveway as it’s 0% interest) and we said we will pay it off with the equity of the house on completion.
I’ve emailed our broker yesterday after we sent more payslips to check if there’s any problem but she didn’t get back to us, I assume she finished for the weekend.
This waiting around is absolutely killing us ☹️☹️