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Turned down by natwest help!

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Comments

  • stinkypluff
    stinkypluff Posts: 53 Forumite
    Thanks Dave Ham, I think you're right! Have you known any pitt falls with this kind of agreement? I may be a little paranoid, only I've heard horror stories of the lender withdrawing their mortgage offer right at the last minute! :o/
  • Dave_Ham
    Dave_Ham Posts: 6,045 Forumite
    Tenth Anniversary Combo Breaker
    I know loads of pitfalls and bad news stories but not sure that will help your peace of mind.

    I am assuming they make it a condition of on the mortgage offer that you repay these so do not necessarily need to pay them now....

    I also know many more good stories where there is a happy ending - keep being prudent but try not to worry about things which are outside of your control and may not happen in any case...
    I am a Mortgage Broker
    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • stinkypluff
    stinkypluff Posts: 53 Forumite
    Thank you, very sound advice!
  • Dave_Ham
    Dave_Ham Posts: 6,045 Forumite
    Tenth Anniversary Combo Breaker
    Most welcome...
    I am a Mortgage Broker
    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • stinkypluff
    stinkypluff Posts: 53 Forumite
    Jesus, can you believe Natwest HAVE confirmed this in writing?!! Wooohoo!
  • Dave_Ham
    Dave_Ham Posts: 6,045 Forumite
    Tenth Anniversary Combo Breaker
    WOW - well done
    I am a Mortgage Broker
    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • stinkypluff
    stinkypluff Posts: 53 Forumite
    Yep! My sentiments exactly! :o)
  • vaselinequeen
    vaselinequeen Posts: 21 Forumite
    great news!! totally nerve wracking but great result. :j

    Stinky how long did you have to wait to hear back from Natwest initially? Just sent docs today and would be good to have an idea...

    thanks!
  • stinkypluff
    stinkypluff Posts: 53 Forumite
    Hey Vaselinequeen, It took them 2 weeks! :o/ Apparently there is a huge backlog due to the stamp duty leverage (end of March) and that is why it took so long......

    Does anyone know what the process is now? I'm under the impression that Natwest won't send a surveyor round until we have paid off the debts, is this the case? Also can they value a property when it is in the final stages of building it?
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