Natwest Mortgage Fund Release -Do they credit check again

mailsmsi

Waring for Natwst Mortgage Fund release . Exchange already completed. Completion next week.

But online Mortgage application tracker , fund is not ready yet.

Fill little bit worried.Do they credit check again?

Joy_mate

First of all nothing to worry.
It's one of the steps to check credit before fund release for some lenders. It was done by my lender too. (Barclays)
If time period between mortgage appli acceptance and fund release (completion) is longer then some lenders will check your credit again, just to stay on safe side in case applicant's financial situation has been changed during that period.
However credit was not checked again in my friend's case.
Again nothing to worry the most hardest part in application is gone. Get ready for new home.
Best wishes.

mailsmsi

My application time line is


Middle of July application submitted online.
Next day they do hard credit search .
Last week of July application approved.

If I want to see my current credit report which one is the best to cover most of the things

Joy_mate

Well in that case they might just do soft credit check.

Bonfire_Bride

In the financial industry I work in...if more than 30 days have lapsed between original assessment and advance of funds, we credit check the customer again just to make sure.

It also makes sure the business is following "fair lending criteria". If a customer all of a sudden misses a mortgage/credit card payment...the customer maybe showing signs of financial distress.

Not to worry though

mailsmsi

Thanks for the all reply .
Any experience from recent natwest mortgage application

lee111s

Every single case is different.

You could have two people with mortgages offered on the same day, due to complete on the same day and one might get checked, the other might not.

If you've not taken out new credit and your financial situation hasn't changed, why are you worried?

GirlBoardingSchool

Hi, i just made a post about a similar situation. After my remortgage was aproved and underwritten I went back to the branch to change it and add extra borrowing. the staff member checked my internal credit score (from 50 days ago) and manually added it into the extra borrowing form. I'm not experienced in this area so take from it what you will..