NatWest Mortgage Timescale 2021

Charliesnoop

Greenbluewindow said:

Greenbluewindow said:

New to this but thought I would add my story so far:
- FTB
- Mortgage application sent via broker 22/04
- Hard check on Equifax on 22/04

Nothing since then!

My MB sent me the mortgage reference number but it still doesn't appear to be working.
Has anyone else had to wait this long to access their tracker?

Oops - meant 22/03 of course!

My application was submitted on 15/03 by MB and the tracker did not work for me until 25/03. Apparently they are very behind at the moment.

as of today they have completed the valuation but still haven’t assessed income/bank statements or HMRC documents.

hopefully it will not be much longer now…

lantanna

My application went in on the 24th, MB contacted me yesterday to ask for gifted deposit letter. Kind of peeved she didn’t ask for this beforehand.  

I had a hard search on the 24th as well but that’s all. 

Soku

Their service levels aren't looking good at the moment. It says on their website:

"Please do not contact us within the first 13 working days after you submit an application, as we'll be assessing the application."

Redflag22

Soku said:

Their service levels aren't looking good at the moment. It says on their website:

"Please do not contact us within the first 13 working days after you submit an application, as we'll be assessing the application."

Is it right saying assess further information will include the hard credit check, review of application and supporting documents? 

Wondering at which point we can feel a little optimistic.

or is all the reviewing of application at the underwriting stage? 

lantanna

They’ve actually come down a bit, it was don’t contact us for 15 days a couple of days ago

lantanna

I don’t really understand the process the way they’ve described it there, which is first ?

tab99uk

my buy to let mortgage with natwest dint get approved due to valuation said not many investors in the area and not many properties sold in the area im only borrowing 90k 

any way to appeal this is  broker said cant do nothing once they dont approve it

GentleGiant01

tab99uk said:

my buy to let mortgage with natwest dint get approved due to valuation said not many investors in the area and not many properties sold in the area im only borrowing 90k 

any way to appeal this is  broker said cant do nothing once they dont approve it

If you don’t have a broker I suggest now is a good chance to get one I guess now it depends if other lenders will use different survey methods. Who was your original mortgage with, when did it end and what Town are you in? 

lantanna

Got an update from Broker, looking to instruct valuation next week. So no news for me this week. I’m on working day 7. 

I see the service levels have come down another day though which is good

Soku

I can see some movement on the tracker for the first time since submitting an application on 03/03.

It is so good to see some progress.