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Natwest application made - how long so i want for a decision?

sacha1dog
sacha1dog Posts: 72 Forumite
Tenth Anniversary 10 Posts Combo Breaker
in Mortgages & endowments
I am self employed and have provided all of the requested paperwork and tax information.

I am going through a broker if that is any help or not.

just looking for a rough guide of timelines thats all.

thank you.

Comments

  • ACG
    ACG Posts: 24,746 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Ask your broker, thats what they are there for.
    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.
  • NOVAMET21
    NOVAMET21 Posts: 197 Forumite
    Seventh Anniversary 100 Posts Name Dropper Combo Breaker
    Not that I'm against self employed, but if you have just recently been self employed and your salary is inconsistent then it will be hard to get mortgage accepted.


    Going through broker is the best thing for self employed. I know someone who was self employed and you can imagine you will be asked more information than non-self employed. It is more risker for lender to lend money hence it might take longer. It depends how speedy is your broker. He may take couple of days or more if busy.
  • wannabeprudent
    wannabeprudent Posts: 63 Forumite
    Sixth Anniversary 10 Posts Combo Breaker
    This link gives current times to look at applications once received and the average time to offer.

    http://intermediary.natwest.com/?extcam=furl-intermediarysolutions
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