Natwest mortgage application advice

MsVonDarkness

Hi everyone

I applied for a mortgage through Natwest yesterday and I'm now a bit worried waiting for the outcome.

I have applied for £76,500, paying a 10% deposit. I passed the credit check at my appointment and earn more than enough to cover the mortgage payments and have a good standard of living.

I chose the mortgage I wanted to go with and was told I should hear by Friday/Monday if I have been accepted. The mortgage consultant stated she could see no reason I would be declined. However I worry that having a 10% deposit may cause problems, but at the same time think the mortgage consultant would have mentioned this as she was aware I could go up to 15% but would rather not as I want to spend money on the property when I move in.

Does anyone have any idea on whether I am likely to be rejected?

Many thanks in advance

Dave_the_Ginger_Cat

Without knowing a whole lot more, it's hard to say.

Given that you've only got a couple of days to wait, why not throw yourself into something distracting - a hobby or planning next year's holiday?

It's stressful, and this generally continues throughout until completion. If you've done everything you can, I'd recommend relaxation techniques to suit, and your professionals will do their part

Wh05apk

Assuming you passed the initial AIP, provided the information supplied was correct and confirmed by payslips etc you should be fine, unless you have conveniently forgotten about a bankruptcy or something equally severe, which will likely come up later!

swanny78

MsVonDarkness wrote: »

Hi everyone

I applied for a mortgage through Natwest yesterday and I'm now a bit worried waiting for the outcome.

I have applied for £76,500, paying a 10% deposit. I passed the credit check at my appointment and earn more than enough to cover the mortgage payments and have a good standard of living.

I chose the mortgage I wanted to go with and was told I should hear by Friday/Monday if I have been accepted. The mortgage consultant stated she could see no reason I would be declined. However I worry that having a 10% deposit may cause problems, but at the same time think the mortgage consultant would have mentioned this as she was aware I could go up to 15% but would rather not as I want to spend money on the property when I move in.

Does anyone have any idea on whether I am likely to be rejected?

Many thanks in advance

My valuation has just been instructed with NatWest on a £221,400 mortgage with 10% deposit. sit tight .