NatWest mortgage advice please!!!!

Sgmetro

Hi! Just looking for some advice:..
AIP recieved 09/02/19
Our broker put our full application in 15/02/19 (last night)
She’s got back to us this afternoon saying application has been accepted and documentation is getting reviewed, valuation has also been instructed. (Seems very quick!!)
Has anyone any ideas how long before we hear??
Does this look reliable that we will get the mortgage offer??

ACG

How can the application be accepted if the documents have not been reviewed?

Your application has gone in. Assuming everything has been entered correctly, you have passed the affordability and credit checks. The document checking should just be a formality - in 6-7 years I have only ever had them query anything 3 times and all 3 were fine.

As for how long, that will depend on the valuation and when it is booked in for. Assuming it will be carried out on sat Wednesday, you will probably have a Mortgage offer a week on Monday.

Everything looks fine though. Once you have got this far, based on my experience there is very little to worry about.

Sgmetro

Thank you for the reply!!
This was my worry also, thinking how could we be accepted if they haven’t reviewed the documents!!?
So basically all the broker means is that they have submitted our application?!
Thanks for the reassurance though, it has helped... obviously as first time buyers we are stressing out a little!
I’ve asked for the tracking number for the mortgage tracker online but broker hasn’t gave us it! Would be piece of mind to be able to log in and track each step but don’t want to feel like I’m pestering them!!

Sgmetro

Also. Can I just ask... as my broker doesn’t work a Sunday....
When she has put the application forward.. is that a stage where it can either get declined or accepted? Regardless of having the AIP.
Or is this just a stage where it’s a computer who’s checked over and gave a answer straight away...
Only reason I ask is I’m sure she said the underwriters has accepted the application?
Very confused!!!!!

csgohan4

wait for official written offer, can take 1-2 weeks +

Sgmetro

I know that, I’m just looking for some reassurance and people’s experience on the NatWest process as it’s quite a anxious time to sit and wait about. Thanks

csgohan4

Everyone's circumstances are different, your post has no information on whether one can make a reasonable judgement call

salary, deposit, debts, house price, CCJ, e.t.c


My offer took 2 weeks, but that means nothing

https://forums.moneysavingexpert.com/discussion/5965464/natwest-ftb-whos-with-me

ACG

If your documents stack up and the valuation comes back fine, your mortgage will be offered. The credit check has been done.

Thrugelmir

Sgmetro wrote: »

I’ve asked for the tracking number for the mortgage tracker online but broker hasn’t gave us it! Would be piece of mind to be able to log in and track each step but don’t want to feel like I’m pestering them!!

Relax. You are at the start of a long process. The actual house purchase could be even more frustratating and drawn out.

starM

My remortgage application took less than 2 weeks for mortgage offer with NatWest. The best way is ring NatWest and ask for your application refs number so you can track the application yourself on NatWest website.

Much easier and you don't have to wait an update from the broker then.

My broker was L&C they were great but whatever update they told me was available on the tracker so I knew it beforehand.

LydiaTheKind

Hi,

My application via broker was put in with NatWest on Tuesday 12th Feb, valuation has been arranged for Wednesday 20th Feb. Broker thinks we will get an answer by Friday 22nd but I’m realistically expecting it on Monday 25th.

Don’t get stressed out by it - you can only do what you can do.