Natwest FTB help you buy

vinnie_89

Hi guys, somebody reassure me!! Please!

me and my partner using help to buy scheme with 5% deposit and first time buyers. Have very good credit scores, both of us have never missed a payment, ever!
Our broker submitted full application last Weds evening with NatWest. Haven’t heard back yet and it’s Friday! Been told valuation is booked in for today.
Natwest got back to the us via the broker last Friday and asked us to verify the debts we had recently paid (credit cards, settlements of finance agreements early) because they were too fresh to be showing on credit report. So we provided this to them via statements etc so all this wasn’t a problem. We did that on the following Monday. Now haven’t had an update for 5 days? Is this normal or a bad sign?
This is driving me nuts!!!!!! So stressful and would appreciate if someone would come back to me.
one last question, we passed AIP also with no issues to start, but when a broker uses a lender, do they do this because they are confident that lender will use you? 

Thanks

vinnie_89

Also, we have our valuation booked for today on our new build. Have paid the fee, NatWest took this two days after application. Is this a good sign???

04brobins

The brokers here will be able to give you more confidence than I can but it sounds fine to me. We had our offer from Natwest a few months ago and I think they underwrite at the same time as instructing the valuation to keep the process fairly quick. If the broker did the AIP then that will have incurred a hard check on your file and from experience of worrying when we applied I've heard that the broker AIP's through Natwest are very reliable as the hard search has essentially already been done before the application goes in.

Asking for clarification on debts not yet updated is normal I think so you sound like you should be fine. They're probably still just very busy and taking a little longer to turn applications around.

vinnie_89

04brobins Thankyou for helping that make sense it’s much appreciated.

I have had a little look at the Natwest tracker and it says a lot of actions have been ticked off I.e. ID checks, P60 checks, wage slip and bank statements. All has ticks next to it. Says that they are reviewing documents that have been sent to them. With them initially looking at our application 6 working days ago, would you think that if they were to turn us down they would have by now? 

Im just so nervous but excited! It’s such a stressful thing to go through and anyone’s experiences with NatWest mortgages would help massively for my nerves....ha!

Liamo3

Just out of curiosity are you guys also banking with Natwest? I've an app in with them also from yesterday.

MovingForwards

@vinnie_89 where did you find your broker?

vinnie_89

Liamo3 said:

Just out of curiosity are you guys also banking with Natwest? I've an app in with them also from yesterday.

No my partner is. However I’m HSBC

Liamo3

vinnie_89 said:

Liamo3 said:

Just out of curiosity are you guys also banking with Natwest? I've an app in with them also from yesterday.

No my partner is. However I’m HSBC

I bank with them so hoping that pulls some weight on getting it through. Also have my business account with them.

vinnie_89

MovingForwards said:

@vinnie_89 where did you find your broker?

We used him on recommendation from a friend. Glad we did! We originally used two different brokers that Persimmon homes who make the new build offered to us. They were awful!!! Didn’t move forward in 7 weeks!

we moved to someone else on word of mouth and within 24 hours we had AIP and full application in With NatWest 

04brobins

vinnie_89 said:

04brobins Thankyou for helping that make sense it’s much appreciated.

I have had a little look at the Natwest tracker and it says a lot of actions have been ticked off I.e. ID checks, P60 checks, wage slip and bank statements. All has ticks next to it. Says that they are reviewing documents that have been sent to them. With them initially looking at our application 6 working days ago, would you think that if they were to turn us down they would have by now? 

Im just so nervous but excited! It’s such a stressful thing to go through and anyone’s experiences with NatWest mortgages would help massively for my nerves....ha!

I think if they've reviewed the documents and all is as it should be then subject to the valuation I think you'll be fine. The tracker is always slightly delayed in terms of being updated. Your broker will definitely have more information than you do so may be worth just giving them a ring to see if they can get an update for you.

Good luck but I reckon you'll be alright!

vinnie_89

Liamo3 said:

vinnie_89 said:

Liamo3 said:

Just out of curiosity are you guys also banking with Natwest? I've an app in with them also from yesterday.

No my partner is. However I’m HSBC

I bank with them so hoping that pulls some weight on getting it through. Also have my business account with them.

Good luck mate 👍🏻