Anyone Waiting on Natwest Application?

bottleandahalf

Hi folks
Anyone waiting on a Natwest mortgage application?

I have been waiting for this past 2 weeks. Broker phoned them today and they still haven't sorted the valuation?

Broker reckons there's a backlog as everyone is trying to get applications sorted before Christmas. Natwest offering pretty god rate for 5 year fixed, and £500 cashback. No fee.

Should we just ditch Natwest and go for another lender as the lack of communication and movement is a bit concerning?

ACG

I submitted an application yesterday and received an email today

On behalf of NatWest, we will be carrying out a property valuation report on 26/11/2018.

We will let you know via email once this has been completed and sent to NatWest.

Many Thanks

Legal & General Surveying Services Team

bottleandahalf

That was quick. Wonder what hold up is my end? Were looking to evaluate before end of last week, now all quiet.
Had an AIP with Halifax, wonder should I try them?

LRmortgage

Cases with Nat West are flying through at the moment, I submitted an application for a client last Thursday, valuation was instructed Friday and carried out on Monday and then offer received at 9am Tuesday.

Is your mortgage amount under £500k? If so, Nat West usually instruct the valuation on the day after they receive the application and run the underwriting process in tandem.

bottleandahalf

Hi.
Mortgage is for £100k. House is in N. Ireland.

FBaby

Same here, cant believe how quickly its gone. If anything its me slowing the pro ess down as I struggle with their efficiency. They did a valuation within a week and confirmation of offer only two days later.

Sorry OP, you might be unlucky but it could be things are slower in NI. Am in England.

ACG

bottleandahalf wrote: »

That was quick. Wonder what hold up is my end? Were looking to evaluate before end of last week, now all quiet.
Had an AIP with Halifax, wonder should I try them?

Thats a big jump.
Speak to your broker to find out why there is such a delay. If they can not get to the bottom of it, then look at plan B but you may as well see i you can sort the issues out with NAtwest first.

bottleandahalf

Broker not too sure why such a delay either, few debits still coming out monthly maybe. Have said I can pay off the biggest one any time.

Trying Halifax now. Bit disappointing as NW had 500 cashback, no valuation fee etc.

ACG

It wont be the DDs that are holding the survey up I would not have thought.

Not to be rude, but give your broker a kick up the ****. "not too sure why the delay" is not really good enough. I would be on the phone to our account manager getting it sorted.

Jigglebiz

Haven’t read the full thread but a broker advised me yesterday that NatWest mortgages are currently taking about 25 working days to go through at the moment.

ACG

No chance.
I am expecting a Mortgage offer issued by Thursday/Friday next week on the case I submitted on Thursday.