NatWest Mortgage Timescale 2021

firstbuyer

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!

nicolanickynic

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!

If you had confirmation that the valuation report is back, you should receive your offer tomorrow. Natwest are super speedy.

I had a confirmation that my valuation report was in at 18:45 and received the offer by 12:00 the next day.

Good luck🙂

desperatelytryingtoimprove

Thought I would put my time line in as I was SO impressed and finally after months of worry on my credit woes I seem to be near the end!

19/11 submitted aip and full application
20/11 soft and hard check notification on clearscore 
22/11 underwriter reviewing payslips and bank account
23/11 instructed offer subject to valuation

just waiting on valuation to come back it'd a new build so touch wood don't envisage any issues.

just for those wanting hope I had a default (less than three years old) and a pay day loan two years ago so there is hope for everyone!

Lisa820

2/11: DIP with broker
16/11: full application submitted
17/11: hard search on Equifax, soft search on Experian 
17/11: phone call from surveyor to arrange valuation
18/11: valuation done
19/11: confirmation valuation report received and NatWest are happy with it 
19/11: a few queries raised on some transactions on my bank statement (nothing scary)
22/11: NatWest confirmed they’d received the extra info and were reviewing. 

23/11: everything ticked on tracker. Waiting impatiently since then for a yes or a no 😬

Lisa820

Lisa820 said:

2/11: DIP with broker
16/11: full application submitted
17/11: hard search on Equifax, soft search on Experian 
17/11: phone call from surveyor to arrange valuation
18/11: valuation done
19/11: confirmation valuation report received and NatWest are happy with it 
19/11: a few queries raised on some transactions on my bank statement (nothing scary)
22/11: NatWest confirmed they’d received the extra info and were reviewing. 

23/11: everything ticked on tracker. Waiting impatiently since then for a yes or a no 😬

Mortgage offer through this morning - 11 days from full application!

firstbuyer

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

firstbuyer

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!!

charlotteo1988

Anyone know when valuation stop for Christmas? 

We just had an offer accepted on our third property so wondering if a valuation would be done before Christmas. 

Thanks 

charlotteo1988

Does this mean a valuation has been booked? 

BalanceTransferDude

Just thought I'd share my timeline.

Thursday 16/12 - AIP
Friday 17/12 - applied late in the evening direct (online)
Monday 20/12 - uploaded documents

Tuesday 21/12 - deposit proof documents requested and valuation survey booked
Tuesday 21/12 (PM) - valuation survey completed

Wednesday 22/12 - further deposit proof requested

Thursday 23/12 - mortgage offered (around 16:30)

I'm 70% LTV. Have to admit that's unbelievably quick!