NatWest application timescale

Doodlebugs

NewHouse86 said:

NatWest emailed to say my mortgage is accepted pending valuation. Trying to be cool about it but so excited. 

Did you apply directly or via a broker? Ours should be with the underwriters today and valuation has already been done, just the nervous wait to hear! Wasn’t sure if we would hear via broker or directly from Natwest. 

NewHouse86

Doodlebugs said:

NewHouse86 said:

NatWest emailed to say my mortgage is accepted pending valuation. Trying to be cool about it but so excited. 

Did you apply directly or via a broker? Ours should be with the underwriters today and valuation has already been done, just the nervous wait to hear! Wasn’t sure if we would hear via broker or directly from Natwest. 

I applied directly so have been getting updates through the tracker or email. 

My valuation was done on Monday and NatWest confirmed receiving it on Monday so just waiting for offer. BUT, electrical report has come back as unsatisfactory and “requiring immediate repair” so not sure what I’m going to do now. Looks like a full rewrire is needed. 

Doodlebugs

NewHouse86 said:

I applied directly so have been getting updates through the tracker or email. 

My valuation was done on Monday and NatWest confirmed receiving it on Monday so just waiting for offer. BUT, electrical report has come back as unsatisfactory and “requiring immediate repair” so not sure what I’m going to do now. Looks like a full rewrire is needed. 

Ah that makes sense. Will give our broker a few days then check if they’ve heard anything. 

Can you go to your vendor and negotiate on the repair or a price reduction? 

Doodlebugs

Mortgage offer through today   
DIP - 01/10
App - 13/11
Valuation - 19/11
Underwriters - 25/11
Offer - 26/11 
Surprised how quickly it came through, that’s one less stress at least! Now we just need our buyers to get their mortgage...

NewHouse86

Doodlebugs said:

Mortgage offer through today   
DIP - 01/10
App - 13/11
Valuation - 19/11
Underwriters - 25/11
Offer - 26/11 
Surprised how quickly it came through, that’s one less stress at least! Now we just need our buyers to get their mortgage...

Congratulations!! My offer came through today too. WooHoo!

SB1990

Couple of questions about how the valuation updates are displayed to people on the Natwest mortgage tracker, our timeline is as follows: 
Wed 11th Nov - Mortgage application submitted through broker
Wed 17th Nov - Valuation instructed (according to tracker)
Thur 18th Nov - Valuation fee taken
Wed 25th Nov - Documents reviewed (according to tracker)
I spoke to Natwest on the chat today and whilst the valuation was instructed on Wed 17th November they still haven't actually booked it yet so there isn't even a date in the diary for it, so my first question is if people have had a desktop valuation did your tracker specify 'desktop valuation instructed' so because ours just says 'valuation instructed' I can assume it will be done in person? Second question is how long has it taken other's valuation to be booked in from instruction and once it is booked is this date shown on the tracker or does the tracker only show once its been carried out? I have asked our broker to pester re the valuation getting booked in but wondered what others experience had been more recently.

AW1980

SB1990 said:

Couple of questions about how the valuation updates are displayed to people on the Natwest mortgage tracker, our timeline is as follows: 
Wed 11th Nov - Mortgage application submitted through broker
Wed 17th Nov - Valuation instructed (according to tracker)
Thur 18th Nov - Valuation fee taken
Wed 25th Nov - Documents reviewed (according to tracker)
I spoke to Natwest on the chat today and whilst the valuation was instructed on Wed 17th November they still haven't actually booked it yet so there isn't even a date in the diary for it, so my first question is if people have had a desktop valuation did your tracker specify 'desktop valuation instructed' so because ours just says 'valuation instructed' I can assume it will be done in person? Second question is how long has it taken other's valuation to be booked in from instruction and once it is booked is this date shown on the tracker or does the tracker only show once its been carried out? I have asked our broker to pester re the valuation getting booked in but wondered what others experience had been more recently.

Our tracker stayed as instructions until it was received them in updated

SB1990

AW1980 said:

SB1990 said:

Couple of questions about how the valuation updates are displayed to people on the Natwest mortgage tracker, our timeline is as follows: 
Wed 11th Nov - Mortgage application submitted through broker
Wed 17th Nov - Valuation instructed (according to tracker)
Thur 18th Nov - Valuation fee taken
Wed 25th Nov - Documents reviewed (according to tracker)
I spoke to Natwest on the chat today and whilst the valuation was instructed on Wed 17th November they still haven't actually booked it yet so there isn't even a date in the diary for it, so my first question is if people have had a desktop valuation did your tracker specify 'desktop valuation instructed' so because ours just says 'valuation instructed' I can assume it will be done in person? Second question is how long has it taken other's valuation to be booked in from instruction and once it is booked is this date shown on the tracker or does the tracker only show once its been carried out? I have asked our broker to pester re the valuation getting booked in but wondered what others experience had been more recently.

Our tracker stayed as instructions until it was received them in updated

And how long did that take for you between instruction and report received back? 

AW1980

SB1990 said:

AW1980 said:

SB1990 said:

Couple of questions about how the valuation updates are displayed to people on the Natwest mortgage tracker, our timeline is as follows: 
Wed 11th Nov - Mortgage application submitted through broker
Wed 17th Nov - Valuation instructed (according to tracker)
Thur 18th Nov - Valuation fee taken
Wed 25th Nov - Documents reviewed (according to tracker)
I spoke to Natwest on the chat today and whilst the valuation was instructed on Wed 17th November they still haven't actually booked it yet so there isn't even a date in the diary for it, so my first question is if people have had a desktop valuation did your tracker specify 'desktop valuation instructed' so because ours just says 'valuation instructed' I can assume it will be done in person? Second question is how long has it taken other's valuation to be booked in from instruction and once it is booked is this date shown on the tracker or does the tracker only show once its been carried out? I have asked our broker to pester re the valuation getting booked in but wondered what others experience had been more recently.

Our tracker stayed as instructions until it was received them in updated

And how long did that take for you between instruction and report received back? 

2 weeks from paying valuation. Then 24 hours once valuation was done it change.

Teresa789

Our application was submitted on the 12th and we got the offer today. It was a desk top valuation so guess that sped things up but not to bad a time in my view.