NatWest Mortgage Timescale 2021

Raneynickel4

Broker just said Natwest have reviewed my documents and they're all happy with it. Does that mean I've passed the underwriting/affordability checks or does it just mean that they won't be asking for any more documents and they've actually yet to check affordability?

[Deleted User]

Valuation survey showing as received on tracker. Does anyone know if Saturdays count as working days??

WorriedKirkels

Raneynickel4 said:

Broker just said Natwest have reviewed my documents and they're all happy with it. Does that mean I've passed the underwriting/affordability checks or does it just mean that they won't be asking for any more documents and they've actually yet to check affordability?

We received an email saying the mortgage was agreed subject to valuation but we went direct. Maybe ask your broker?

[Deleted User]

Yay full mortgage offer received yesterday so yes they do work Saturdays!!! :-)

Time line if anyone is interested:
17 July - offer made on purchase property and accepted
22 July - full mortgage application started (already had AiP)
24 July - one hr mortgage advisor zoom chat
27 July - two hr mortgage advisor zoom chat. All paperwork signed and credit check done
28 July - received text confirmation valuation survey booked for 20 August 
02 Aug - email confirmation that accepted pending valuation
20 Aug - valuation done and uploaded to Natwest
21 Aug - confirmation email received 

Very relieved! :-)

Raneynickel4

WorriedKirkels said:

Raneynickel4 said:

Broker just said Natwest have reviewed my documents and they're all happy with it. Does that mean I've passed the underwriting/affordability checks or does it just mean that they won't be asking for any more documents and they've actually yet to check affordability?

We received an email saying the mortgage was agreed subject to valuation but we went direct. Maybe ask your broker?

I did, but he hasn't got back to me yet so thought I'd ask here in case anyone knew.

Raneynickel4

Mortgage offer received! Very impressed with how quickly Natwest has processed it.

Method: Broker
Submission date: 17th August 2021 (t = 0)
Natwest said they're happy with documents: 20th August 2021 (t = 3d)
Mortgage offer received: 23rd August 2021 (t = 6d)

When Natwest said they were happy with my documents there was no mention of when the valuation of the property would be done so I wasn't expecting to hear a decision so soon. 

JimmyJ92

Morning all,

Just a quick question on how the process works once you receive your mortgage offer from NatWest; do they send an electronic copy to your solicitor? Or is this a hard copy via post? Struggling to get replies / confirmation from my solicitor due to the demand.

My timeline:

16th June - Submitted via Broker
18th June - Mortgage offer subject to valuation
19th June - Asked to submit EWS1 Form
15th August - EWS1 form obtained from developer
17th August - Full Mortgage Offer

scottie21

WorriedKirkels said:

scottie21 said:

scottie21 said:

11/8: MA appointment direct with NatWest passed affordability & credit checks
12/8: Application submitted by MA 
13/8: Hard search on credit file
16/8: Answered query from underwriter via MA
17/8: Valuation booked for 31/8 😩
Confirmed mortgage agreed subject to valuation

Just waiting now……

UPDATE: 
11/8: MA appointment direct with NatWest passed affordability & credit checks
12/8: Application submitted by MA 
13/8: Hard search on credit file
16/8: Answered query from underwriter via MA
17/8: Valuation booked for 31/8 😩
Confirmed mortgage agreed subject to
valuation
19/8: SURPRISE email to say we have been offered a mortgage!! Confirmed with EA surveyor turned up yesterday and did the valuation early as he was in the area. Valued at asking price which was what we had offered!! 🍾🎉🥳

Just waiting on structural survey (booked 26/8) and conveyancing now

Everything crossed for completion pre 30/8 to avoid SDLT 🤞🏼🤞🏼

Fantastic news - congratulations 🥳 

Thank you!! Did I read you are moving to/in the north west? 

WorriedKirkels

scottie21 said:

WorriedKirkels said:

scottie21 said:

scottie21 said:

11/8: MA appointment direct with NatWest passed affordability & credit checks
12/8: Application submitted by MA 
13/8: Hard search on credit file
16/8: Answered query from underwriter via MA
17/8: Valuation booked for 31/8 😩
Confirmed mortgage agreed subject to valuation

Just waiting now……

UPDATE: 
11/8: MA appointment direct with NatWest passed affordability & credit checks
12/8: Application submitted by MA 
13/8: Hard search on credit file
16/8: Answered query from underwriter via MA
17/8: Valuation booked for 31/8 😩
Confirmed mortgage agreed subject to
valuation
19/8: SURPRISE email to say we have been offered a mortgage!! Confirmed with EA surveyor turned up yesterday and did the valuation early as he was in the area. Valued at asking price which was what we had offered!! 🍾🎉🥳

Just waiting on structural survey (booked 26/8) and conveyancing now

Everything crossed for completion pre 30/8 to avoid SDLT 🤞🏼🤞🏼

Fantastic news - congratulations 🥳 

Thank you!! Did I read you are moving to/in the north west? 

Opposite side for me…..good old Yorkshire 😁 

scottie21

WorriedKirkels said:

scottie21 said:

WorriedKirkels said:

scottie21 said:

scottie21 said:

11/8: MA appointment direct with NatWest passed affordability & credit checks
12/8: Application submitted by MA 
13/8: Hard search on credit file
16/8: Answered query from underwriter via MA
17/8: Valuation booked for 31/8 😩
Confirmed mortgage agreed subject to valuation

Just waiting now……

UPDATE: 
11/8: MA appointment direct with NatWest passed affordability & credit checks
12/8: Application submitted by MA 
13/8: Hard search on credit file
16/8: Answered query from underwriter via MA
17/8: Valuation booked for 31/8 😩
Confirmed mortgage agreed subject to
valuation
19/8: SURPRISE email to say we have been offered a mortgage!! Confirmed with EA surveyor turned up yesterday and did the valuation early as he was in the area. Valued at asking price which was what we had offered!! 🍾🎉🥳

Just waiting on structural survey (booked 26/8) and conveyancing now

Everything crossed for completion pre 30/8 to avoid SDLT 🤞🏼🤞🏼

Fantastic news - congratulations 🥳 

Thank you!! Did I read you are moving to/in the north west? 

Opposite side for me…..good old Yorkshire 😁 

Ah it must have been someone else I’ll have to read back. Xxx