NatWest Mortgage Timescale 2021

Bubblefish89

Velar19 said:

Bubblefish89 said:

Hi everyone. 

New to the forum. We recently completed on our sale, temporarily back with parents whilst hopefully buying our second home which is a new build (fingers crossed). 

1) Self employed 
2) Employed 

LTV technically 69% but product applied for 75% LTV. 

Our timeline so far;

Mon 17/10/22 - Mortgage submitted via broker 

Friday 28/10/22 - NatWest application live, requested one further doc doc submitted same day as held on file by broker

Thurs 3/11/22 Valuation booked 

Fri 4/11/22 Valuation. 

The wait is killing me. We are also under pressure as we had an exchange deadline with the developer of 6 weeks which isn’t looking very achievable based on Natwest timescales. Eeek 

@bubblefish89 sorry to tell you that I applied on 27th SEPTEMBER and STILL NO OFFER!! Timescales at NatWest are beyond ridiculous.

I know. Accessing these forums is the only thing keeping me going. 

It’s also crazy how different peoples experiences are from a couple of weeks to nearly two months! 

julietfoxtrot18

@Bubblefish89

FTB applied to Natwest just a day later than yourself. Been told that valuation has been instructed and all documents are being checked. Not been asked to submit anything further as of yet. 

It's been just 3 working weeks but it feels as though I have been waiting months! Interesting as you say that some people are getting offers within a few weeks whereas others is can be a couple of months. 

Hopefully we hear soon.

Gemgems1310

hi everyone just thought I’ll share my offer timescale 

12/10 applied through broker 
12/10 hard search 
28/10 desktop valuation 
2/11 soft search carried out 
3/11 further documents req submitted same day 
8/11 offer made from NatWest by email at 7.30 pm 
good luck for everyone still waiting 

Gemgems1310

Also forgot to mention 80% ltv 

Big_Rock

Gemgems1310 said:

Also forgot to mention 80% ltv 

Congratulations !!!!  Was it join application or single and self employed or employed?

Gemgems1310

Big_Rock said:

Gemgems1310 said:

Also forgot to mention 80% ltv 

Congratulations !!!!  Was it join application or single and self employed or employed?

It was a single application full time employed but lots of commission on my payslips 

Bubblefish89

Gemgems1310 said:

hi everyone just thought I’ll share my offer timescale 

12/10 applied through broker 
12/10 hard search 
28/10 desktop valuation 
2/11 soft search carried out 
3/11 further documents req submitted same day 
8/11 offer made from NatWest by email at 7.30 pm 
good luck for everyone still waiting 

Congratulations! That’s a fair timescale for natwest to offer. I’d be pleased if we could make the same timescale. We are slightly behind having applied 17/10. Fingers crossed. Will keep everyone updated 

Bubblefish89

Just logged in to our tracker. 

Appears to have been a request for another set of docs today 09/10 in addition to the ones requested on 28/10. 

Not sure what they have requested but states ‘we are pleased to confirm that we have received the information sent on behalf of your client. We are reviewing this and will contact you if we need any further information’

Back to the queue… I guess a positive is it seems they are continually reviewing our case. 

sharewithsunny

Its almost a week now since i submitted application and uploaded all documents. Not a single update. Very disappointing 😕 

which1982

sharewithsunny said:

Its almost a week now since i submitted application and uploaded all documents. Not a single update. Very disappointing 😕 

Took just over 2 before I got my tracker number…