NatWest if you have applied for SSEIS

skinnymonkey

😂 who wouldn't take the grant and therefore be able to stay at home as requested. Every mortgage application is micro managed  ... Criteria set at board level has not been published. How much is NatWest making. self employed need to consider other lenders

anonymouse2202

skinnymonkey said:

they will not consider any other income if you have applied for SSEIS

Hi Skinnymonkey, don't know if you will ever see this, but wanted to say thanks again for posting this thread. We got our mortgage offer 2 weeks ago (nearly 4 months after applying!!) and are due to pick up the keys on Friday. If it wasn't for your heads up and us subsequently paying the grant back, we would have lost the flat, so I am eternally grateful! Hope that everything worked out for you in the end too.

sofsar

skinnymonkey said:

I had very candid conversation with NatWest regarding their decision to downgrade loan amount!!!. Implied that if you took a grant, you needed it and therefore automatically deemed affected by Covid. My argument is that when grant applications went in no-one could forsee the impact of Covid. Who wouldn't accept a salary top up ? taxed as income and therefore should only be deemed as supplementary income to "stay home." My partner after 10 weeks of isolation in line with government guidelines has worked doubly hard to fulfil all his work and is booked until December, with a number of upcoming projects. He will earn more than last year's reported SA. They are not considering bank statements showing income deposited as not reported income. So I am not sure where this leaves any applicant .
 They haven't made this public knowledge. And they have introduced part way through my application. So I have wasted another 6 weeks (after a failed application due to their admin failures). So 3 months after valuation survey I am still left in the balance looking at alternative lending or homeless! I really do wish you all the best. I have my fingers crossed for you.... M

NatWest declined my application too and I waisted 7 weeks with the cow boys. Husband claimed both grants and broker should have asked me if we claimed it or not. I went in Branch to enquire, they said they don’t accept customers who claimed it so maybe that’s why I was declined.