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    • Ali03
    • By Ali03 10th Sep 17, 10:42 PM
    • 14Posts
    • 4Thanks
    FTB NatWest
    • #1
    • 10th Sep 17, 10:42 PM
    FTB NatWest 10th Sep 17 at 10:42 PM
    Hi everyone, I'm a FTB and have a mortgage application in with NatWest. They called Thursday asking me to pay the valuation fee, is this a good sign that I have passed the affordablility? My credit history is not a problem, I just worried about the affordability as I was getting a higher rate compared to others through NatWest and worried it was incorrect. Thank you
Page 1
    • csgohan4
    • By csgohan4 11th Sep 17, 6:31 AM
    • 4,134 Posts
    • 2,590 Thanks
    • #2
    • 11th Sep 17, 6:31 AM
    • #2
    • 11th Sep 17, 6:31 AM
    did you shop around for other lenders, use a broker? or just went to the bank you have a current account with? If the latter, then likely your not getting the best deal

    Valuation fee does not confer mortgage offer success, you still need to wait, the valuation could come up with something for eample
    "It is prudent when shopping for something important, not to limit yourself to Pound land"
    • VentureMM
    • By VentureMM 11th Sep 17, 12:45 PM
    • 10 Posts
    • 4 Thanks
    • #3
    • 11th Sep 17, 12:45 PM
    • #3
    • 11th Sep 17, 12:45 PM
    It's always best to speak to an adviser, especially as a FTB. It's a very difficult process and helping you through it is what we're hear for, and you may find by speaking to one that they could help you find a rate far better than the one you've gone for, as they will know who best fits your criteria. Natwest have very good rates at the moment, but they may take a stricter approach to calculating your affordability than other lenders.

    With regards to your question, as already stated a valuation does not mean you will receive an offer, only that the lender is prepared to view the property the assertion if the value you have provided is true.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • Ali03
    • By Ali03 11th Sep 17, 1:57 PM
    • 14 Posts
    • 4 Thanks
    • #4
    • 11th Sep 17, 1:57 PM
    • #4
    • 11th Sep 17, 1:57 PM
    Thanks guys. I had previously gone through 2 mortgage advisors, only to be let down by both, the first forgot to include my partners child maintenance when she done the DIP and we then had to pull out of the house. She held her hands up, but only after she tried to say that we had bad credit and when we challenged this, she then admitted she made a mistake. The 2nd wasnt very forth coming with information and wouldn't return calls and then completed the application when we werent there an completed it incorrectly. He advised the bank that we would be paying off debt, so they wanted proof of this. He forwarded on the email request from the bank without an explanation, then vanished off the face of the earth. So based on that we decided to go it alone as we lost faith. So we done a lot of research beforehand and are now crossing our fingers and toes and making sure we have done everything we need to. I guess i was more concerned about the online affordability calculators. They all vary but natwest offered about £5k more than most of the ones we looked at, so worried that their affordability calculator wasnt accurate, i tripple check everything was filled in correctly. I think im worrying they come back and offer us less than what we need. Would that come with the mortgage offer if that was the case or would they notify us that they wouldnt give us what we need before then? I guess we need to sit tight and be patient. Something im not very good at
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