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    • Cbythesea
    • By Cbythesea 4th Jan 18, 6:38 PM
    • 2Posts
    • 1Thanks
    Cbythesea
    NatWest taken valutation fee
    • #1
    • 4th Jan 18, 6:38 PM
    NatWest taken valutation fee 4th Jan 18 at 6:38 PM
    Hello everyone, I would very much appreciate your views on this. We got a DIP with NatWest after we made an offer on a house and it was accepted. They have now booked the valuation (we requested a Homebuyers one) and have taken the fee. Our mortgage broker has submitted the full application and they only asked for a couple of additional docs.

    I know there are no guarantees but do you think it's a good sign that we might get the mortgage? Our mortgage broker seems very confident ...

    Many thanks

    C :-)
Page 1
    • JoJo1978
    • By JoJo1978 4th Jan 18, 6:52 PM
    • 226 Posts
    • 232 Thanks
    JoJo1978
    • #2
    • 4th Jan 18, 6:52 PM
    • #2
    • 4th Jan 18, 6:52 PM
    I'm afraid that the lender arranging the valuation is no more of a signal that they will lend. Following the valuation survey you will receive a final offer to lend a specific amount and it may have conditions attached.

    It can be a frustrating waiting game but your solicitor will keep you informed if the lender had conditions or additional questions that need answering.

    Also remember that lenders change their criteria all the time and it's not a bad reflection on you personally if your current lender doesn't agree.

    That happened to our buyer, his first application was rejected due to which zone our London house was in vs the amount he wanted to borrow. He found another lender easily enough and the delay was only 2 weeks.

    Best wishes!
    Hamster in the wheel (London) 1999-2017
    Mortgage free since 2015; Pension pot sorted 2017
    Second career (what TBD!) 2018
    • Cbythesea
    • By Cbythesea 4th Jan 18, 6:53 PM
    • 2 Posts
    • 1 Thanks
    Cbythesea
    • #3
    • 4th Jan 18, 6:53 PM
    • #3
    • 4th Jan 18, 6:53 PM
    Thank you so much! The wait is killing us :-)
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