Natwest mortgage application

Sammy81

Hi all,

I have recently applied for a mortgage through L&C and they told me it was going through Natwest. I have supplied them with my bank statement and payslip and a valuation was done on Monday. The LTV is about 40%. I was wondering if anyone could tell me if Natwest will approach my employer for a reference as I am thinking of leaving there soon, or how often and in what circumstances Natwest would approach them. Would appreciate any info and advice. Thanks

Wolves0504

Obviously not an expert here but I have a mortgage with NatWest at 70% LTV - when I applied last year there was no reference request required from my employer even though I was 1 month into a new job on a 3 month probation; just the copy of contracts and payslip.

ashp_2

I believe they would only do so to verify your income if the requested documentation was not sufficient. I think it's highly unlikely they will do this.

I don't really understand the reasoning behind your concern. If you are thinking of leaving I don't see how that could be an issue in terms of an employer reference unless you are under notice or going through a disciplinary.

Sammy81

Thanks, how long did the whole process take from application to receiving the funds

ashp_2

Ah well, Yes that's a bit risky. If your mortgage provider finds out you are under notice they will quite likely decline your application as you are meant to inform them about any changes in circumstances. On the other hand I think it's highly unlikely they will contact your employer.

maximus2015

Id be more concerned at the fact your going to another job, which likely has a probationary period....Id sit back and have a long hard think in case of a worst case scenario happens after you start paying for a mortgage