NatWest Mortgage Timescale 2021

Bubblefish89

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 

All actions now ticked on the tracker as of today 

Nuri123

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 

How come they did a soft search late on into your application 

Velar19

Good news at last!!
Finally received my offer yesterday afternoon at 3.50pm
7 weeks to the day since application.
Good luck to all those still waiting.

khasruuk

Here is my timescale: two applicant, app 1 employed, app 2 self employed.

30/09 applied through broker 
30/09 hard search (clear score)
12/10 tracker started
18/10 valuation completed
28/10  additional documents requested submitted same day
11/11 KYC stage, requested app2 ID. provided same day.

Still waiting...

doglover34

Im finally there - got remortagge offer in Sept and had to wait because of ERC! Tracker finally updated just now to 'Funds ready for release' with my completion on 12th december! phew!!! roll on the 12th!

Snakey83

Hi all, just wondering if anybody could help clarify something for me. I'm going out of my mind!!

We have submitted all documents, had a valuation come back successfully and then were told the offer documents were being ordered and would be sent to us when received, this was 7 working days ago. We noticed that 4 days ago another hard credit check appeared on clearscore. I had assumed with the wording "offer documents ordered" all that kind of stuff would have been done?

Anybody got any thoughts on this?

Charlie1985

Hi All,

Looking for some guidance. We have a current residential mortgage with Natwest but are looking to move home. Will Natwest allow us to place our current home on rent with consent to let and then allow us to take out a new residential mortgage? As part of the application does our broker need to request this consent to let also for the existing mortgage?

Note the reason we are looking at NatWest again for our onward purchase is they are coming out best on affordability after speaking with several brokers.

Charlie1985

Charlie1985 said:

Hi All,

Looking for some guidance. We have a current residential mortgage with Natwest but are looking to move home. Will Natwest allow us to place our current home on rent with consent to let and then allow us to take out a new residential mortgage? As part of the application does our broker need to request this consent to let also for the existing mortgage?

Note the reason we are looking at NatWest again for our onward purchase is they are coming out best on affordability after speaking with several brokers.

Hi All any guidance on the above? Many thanks in advance

Slou123

Hey! How long is Nat West take to confirm release of funds?n they have the COT just waiting for them to confirm so we can exchange (meant to complete Tuesday!!!!)

Lckuj2018

firstbuyer said:

firstbuyer said:

firstbuyer said:

firstbuyer said:

02/09 - Application submitted
10/09 - Offer issued subject to valuation
10/09 - Valuation instructed
13/09 - Valuation results received
15/09 - Offer received

Then things went tits up, we lost our house and our buyer so we were back to square one!

28/10 - Amendments and payslips sent for original mortgage offer for new house 
02/11 - Correction to purchase price made

Online tracker showing theres an issue today, rang broker who stated they'd put the wrong purchase price in - which meant our LTV would have been 97%... lost for words lol. Correction to the purchase price is in and hopefully things continue a bit smoother now!!

08/11 - Natwest happy to offer at 85% not 90%, begged family & sent in gifted deposit form
15/11 - Offer issued subject to valuation 
15/11 - Valuation paid

This honestly feels like it's dragging this time round!!

Update...

22/11 - Valuation completed

YAY Finally! Natwest have confirmed they received the report back, so hopefully we get news this week, it happened pretty quickly last time fingers crossed it does again now.

Can't wait for the mortgage stress to be over, and onto the conveyancing stress!

So after the complete FARCE that is our house buying process lol we have found house 3!


02/09 - Application submitted
10/09 - Offer issued subject to valuation
10/09 - Valuation instructed
13/09 - Valuation results received
15/09 - Offer received

Then things went tits up, we lost our house and our buyer so we were back to square one!

28/10 - Amendments and payslips sent for original mortgage offer for new house 
02/11 - Correction to purchase price made

Online tracker showing theres an issue today, rang broker who stated they'd put the wrong purchase price in - which meant our LTV would have been 97%... lost for words lol. Correction to the purchase price is in and hopefully things continue a bit smoother now!!

08/11 - Natwest happy to offer at 85% not 90%, begged family & sent in gifted deposit form
15/11 - Offer issued subject to valuation 
15/11 - Valuation paid
22/11 - Valuation
23/11 - 50k under value by e.surv valuer

Seller wouldn't come down on price so we were back to finding another house

01/12 - Change of property form sent
07/12 - Valuation completed and offered subject to val
08/12 - Valuation returned and report matches what we've paid


Fingers crossed we are third time lucky! We love this home more than the others I'm hoping we get our full offer this week

Offer back - panic over, and onto the hardest part of getting the keys!!

Hey, when you handed in the change of property form, did they ask for your bank statements again?