NatWest Mortgage Timescale 2021

TDPIX

4th August - application submitted

Does anyone know whether NatWest do desktop valuations for low LTV cases? (We're at 40% LTV)

vi009na

TDPIX said:

4th August - application submitted

Does anyone know whether NatWest do desktop valuations for low LTV cases? (We're at 40% LTV)

I heard for 90% LTV they 100% do physical valuation. For your case it might be desktop but not sure 😊

All the best with the process 

grossepointblank

Hi,

Reading this thread, seems like there isn't much of an issue with Natwest getting back to you in a reasonable timescale. I'm wondering if our broker has been a bit slow or dropped the ball somewhere.

We had an offer accepted on a property in June and our broker finally informed us that our Natwest mortgage application had been declined today due to an adverse credit issue.

Hard search was on the 3rd July. Trying to work out why it took over a month to inform me that our application was declined.

Fingerscrossed1989

Fingerscrossed1989 said:

Hi,

FTB, AIP in place and we submitted our full application to NatWest through a broker on Monday 28th June. Further documents requested (bank statements and payslips before maternity leave) all sent on 29th June. Advised our valuation is booked for 26th July, this seems like a very long way off? Is anyone else being held up due to valuation date? 

Does this mean everything else is ok?! 

We have some adverse credit but all settled as of March 2019. Very anxious to hear some positive news.

any reassurance much appreciated! 😰

Update - we received our mortgage offer on 27th July 😃 Quickly moving towards completion now. 

vi009na

Really surprised with the speed of searches in my council. in 3 days only

MrsBrush

To be fair, had a mortgage with them for 7 years and they have been excellent. Got agreement in principle to port the mortgage within 24 hours and it took 2 days to get full mortgage offer once homebuyers report / valuation done.

helppls

Got our new build mortgage offer through this morning. 85 LTV.

29/7 - Application submitted via broker. Hard search shows on Equifax
30/7 - Off plan valuation carried out
6/8 - Full mortgage offer received

BeauS17

I got my offer through on Monday!

12/7 - Application submitted (didn't go through a broker)
23/7 - Valuation carried out 
28/7 - Asked to provide EWS1 form
2/8 - Offer received 

BeauS17

vi009na said:

Really surprised with the speed of searches in my council. in 3 days only

Wow this is really speedy! Fingers crossed I’m the same 

hawkins1980

I wonder if anyone can help, I'm really panicking as I'm a first time buyer and so worried the mortgage will be declined. I wonder do Natwest do the hard searches before they valuation? I have received a message to say the valuation is booked for 11th August and I logged into Experian today and noticed that that credit score has gone done over 50 points but it doesn't say why (only doft searches showing so the 50 points don't make any sense)?
Can anyone help?