NatWest application timescale

Atlantic2011

Our valuation was done on 11/11 and Natwest received it on 13/11, I called them today and confirmed valuation all ok however it has not been underwritten yet, they said they are very busy and dealing with a backlog of applications and that we should have a decision by 23/11, I have seen from reading posts on this forum that if you apply through a broker your hard search is already done they just have to look at payslips etc to make sure they are same as declared on application so hopefully not much can go wrong, but still nerve wracking waiting for the offer!!, good luck everyone

hema123456789

AW1980 said:

hema123456789 said:

AW1980 said:

hema123456789 said:

AW1980 said:

hema123456789 said:

Valuation was done on Thursday and they’ve marked that they’ve received all the documents now. 

Currently at the assessment stage. Honestly just praying it all goes through ok.

Was your valuation done before it was reviewed by an underwriter? 

Think ours was done after as our broker received an email saying offer accepted subject to valuation

Our valuation was today. What does your tracker say? Do they just tick valuation? Did your broker say how long you’ll wait to hear? 

So tracker initially said they received it and they would let us know if they needed any more info in bold text and linked the intermediaries website - on Thursday 

Yesterday it said it had been received and showed as ticked and said they’d contact us as soon as it had been assessed


Broker said 3-5 days but I spoke to Cora online and they advised that the valuation came back fine, that there was an issue with our solicitors details and our broker went back to them today and it will take 7 working days to update this and then the offer will come out.

Felt a bit nervous but they advised that our application was approved subject to valuation so it’s a matter of when not if...!

2 more questions sorry...
how quickly did NatWest receive your valuation?

also, I’ve just realised you spoke to NatWest, can you just contact them rather than ask broker for update? Thanks

They showed it as being received the same day the valuation was done. The day after I made my broker call up and check what the valuation was

i just spoke to them online as I was feeling impatient 

niknaks0285

AW1980 said:

niknaks0285 said:

Our valuation with Natwest was done 9/11. Our offer was approved this afternoon!! 
6 weeks from when application was submitted back in the first week of october, and our mortgage was straight forward. We had a broker to push the application along and we did have issues with the company organising the valuation with natwest.  It will come but I  know how frustrating it is sitting on the edge of your seat waiting. Best of luck to you all! 

Did you have your application go to underwriters first or valuation first?

Our valuation was instructed from the get go. Glad we did as there were so many delays with our valuation, our broker had to get involved in the end and changed the company valuating our new property. 

hema123456789

Our tracker has moved to offer

NewHouse86

hema123456789 said:

Our tracker has moved to offer

Yay! Congratulations. Hope it’s for the amount you wanted too and your home is closer to reality!

Atlantic2011

hema123456789 said:

Our tracker has moved to offer

Congratulations! Must be a relief! 

Did they ask you for any additional documents or just went straight to offer? 

They’ve asked me for a few more things and I’m hoping that’s not a bad sign ......

fromrubbletobecket

Timeline:
- 05/11/2020 - Application Submitted @ 3pm
- 06/11/2020 - Valuation fee taken out bank account @ 9am
- 12/11/2020 - Desktop Valuation instructed @ 3pm
- 16/11/2020 - Valuation received by Natwest @ 6am
- 18/11/2020 - Underwritter reviews payslips @ 12pm
- 18/11/2020 - Mortgage offered and solicitors instructed to proceed @ 2pm 

This was our process i just posted on a separate thread. Seems like time is different based on case by case basis imo. 

Atlantic2011

fromrubbletobecket said:

Timeline:
- 05/11/2020 - Application Submitted @ 3pm
- 06/11/2020 - Valuation fee taken out bank account @ 9am
- 12/11/2020 - Desktop Valuation instructed @ 3pm
- 16/11/2020 - Valuation received by Natwest @ 6am
- 18/11/2020 - Underwritter reviews payslips @ 12pm
- 18/11/2020 - Mortgage offered and solicitors instructed to proceed @ 2pm 

This was our process i just posted on a separate thread. Seems like time is different based on case by case basis imo. 

Wow that’s very quick! Do you bank with them? 

NewHouse86

Atlantic2011 said:

fromrubbletobecket said:

Timeline:
- 05/11/2020 - Application Submitted @ 3pm
- 06/11/2020 - Valuation fee taken out bank account @ 9am
- 12/11/2020 - Desktop Valuation instructed @ 3pm
- 16/11/2020 - Valuation received by Natwest @ 6am
- 18/11/2020 - Underwritter reviews payslips @ 12pm
- 18/11/2020 - Mortgage offered and solicitors instructed to proceed @ 2pm 

This was our process i just posted on a separate thread. Seems like time is different based on case by case basis imo. 

Wow that’s very quick! Do you bank with them? 

That is really quick!! I bank with them (current accounts, credit card, savings, loan) and I’m waiting 5 weeks from application just for my survey!

AW1980

Atlantic2011 said:

hema123456789 said:

Our tracker has moved to offer

Congratulations! Must be a relief! 

Did they ask you for any additional documents or just went straight to offer? 

They’ve asked me for a few more things and I’m hoping that’s not a bad sign ......

hi! Can I ask if they’ve asked for additional documents after agreeing pending valuation then  receiving the valuation?