NatWest Mortgage Timescale 2021

chloeH95

hopeitwill said:

I'm beginning to think 9 working days without any news other than document requests is a bit long.

I’m on my 7th working day with no update since app was submitted... 

hopeitwill

I will probably contact the broker today to ask if anything has been updated. With Halifax the whole process took a week.

chloeH95

When do NatWest do the hard credit checks as we applied on 14th jan and nothing is showing on Experian yet 😳

zemarcopolo

chloeH95 said:

When do NatWest do the hard credit checks as we applied on 14th jan and nothing is showing on Experian yet 😳

They do it at the time of AIP.
They use Equifax so it will show on Clearscore but not on Experian. 

fromrubbletobecket

LP_London said:

Hi All, 
I am about to apply with NatWest next week, 85% LTV, Myself (Employed) and someone else (Self-Employed), this is for a residential home. 

It would help if any of you can share your timelines here and your overall experience with NatWest. 

Thank You  

This is ours...
Timeline:
- 05/11/2020 - Application Submitted @ 3pm
- 06/11/2020 - Valuation fee taken out bank account @ 9am
- 12/11/2020 - Desktop Valuation instructed @ 3pm
- 16/11/2020 - Valuation received by Natwest @ 6am
- 18/11/2020 - Underwritter reviews payslips @ 12pm
- 18/11/2020 - Mortgage offered and solicitors instructed to proceed @ 2pm 

We are FTB, both in salaried full time employment, no furloughs, we're not using help to buy, we're buying a new build and we used a mortgage broker. Everything took a lot quicker than expected. We're due to complete in June 2021.

Also our mortgage broker did our affordability checks, deposit proof, payslips and bank statements all prior to application submission so they used that to get our AIP, then the timeline starts from the day the full application was made. I believe that Natwest did a hard credit check during AIP and haven't done one since (including full application) .

LP_London

fromrubbletobecket said:

LP_London said:

Hi All, 
I am about to apply with NatWest next week, 85% LTV, Myself (Employed) and someone else (Self-Employed), this is for a residential home. 

It would help if any of you can share your timelines here and your overall experience with NatWest. 

Thank You  

This is ours...
Timeline:
- 05/11/2020 - Application Submitted @ 3pm
- 06/11/2020 - Valuation fee taken out bank account @ 9am
- 12/11/2020 - Desktop Valuation instructed @ 3pm
- 16/11/2020 - Valuation received by Natwest @ 6am
- 18/11/2020 - Underwritter reviews payslips @ 12pm
- 18/11/2020 - Mortgage offered and solicitors instructed to proceed @ 2pm 

We are FTB, both in salaried full time employment, no furloughs, we're not using help to buy, we're buying a new build and we used a mortgage broker. Everything took a lot quicker than expected. We're due to complete in June 2021.

Also our mortgage broker did our affordability checks, deposit proof, payslips and bank statements all prior to application submission so they used that to get our AIP, then the timeline starts from the day the full application was made. I believe that Natwest did a hard credit check during AIP and haven't done one since (including full application) .

Thank you fo sharing and congrats on your mortgage offer! However we ended up going with Barclays and got an offer within two days. Just waiting for the valuation report now so that we can obtain the formal mortgage offer! 

chloeH95

chloeH95 said:

Thought I’d join in! 

AIP done in December 2020 
12/01- all documents/payslips provided to mortgage advisor. 

14/01 - full application submitted to NatWest. 

21/01 - survey done 
26/01 - mortgage offer received 😃

hopeitwill

We've also received ours, it was 2 weeks in total. A bit slower than I thought but the rates are quite good

Rosemary1982

Hi, I applied for my natwest mortgage last week (porting and borrowing a bit more).  When I check the online mortgage tracker, everything is ticked as completed apart from the valuation which is happening in Feb.  Would that indicate that it is all approved subject to valuation?  Broker seems to think so.  I assume underwriters would have done their bit if this is all ticked off?

debtfreeian

Rosemary1982 said:

Hi, I applied for my natwest mortgage last week (porting and borrowing a bit more).  When I check the online mortgage tracker, everything is ticked as completed apart from the valuation which is happening in Feb.  Would that indicate that it is all approved subject to valuation?  Broker seems to think so.  I assume underwriters would have done their bit if this is all ticked off?

I've just done a mortgage app direct with Natwest (sorry not via broker). I got an offer on their tracker saying subject to valuation prior to valuation being complete. Valuation was done yesterday and final offer today. The whole process was stupidly quick.
While no expert, I'd say it looks like it.