NatWest Mortgage Timescale 2021

luckylucy85

We are still waiting for our mortgage offer- broker chased yesterday and was told that NatWest are prioritising First Time Buyers , they’ve had our application since 18th December 

chloeH95

luckylucy85 said:

We are still waiting for our mortgage offer- broker chased yesterday and was told that NatWest are prioritising First Time Buyers , they’ve had our application since 18th December 

Were not first time buyers and we applied on 14th jan and mortgage offer was sent to Us on 26th jan

mommt

This thread was surprisingly useful at reducing my anxiety for my recent mortgage app. For what it's worth, here are my dates done via a mortgage broker:

T - mortgage app goes in via broker (EOD)

T+5  - request for more docs. Believe my broker did things within 1 working day

T+7 - left a voicemail with my mortgage broker with a question on my income. Required more docs

T+8 - valuation instructed

(valuation booked for T+11 and done in person)

T+12 valuation received

T+13 offer received

All the above is in working days. In reality, the process took 2.5 weeks.

FTB, employed (but bonus income questioned)

[Deleted User]

Here's mine. We are FTB's 90% ltv.

30/1 AIP
1/2 called to book in MA appointment
3/2 all documents submitted to digidocs ahead of appointment
6/2 appointment with MA, full application submitted (hard credit check done and passed)
9/2 mortgage application tracker live and documents reviewed by Underwriters. Asked for p60 and payslip from December from previous employer.
Valuation booked for 15th Feb.
10/2 documents submitted to digidocs.
11/2 items we submitted ticked on Mortgage tracker and only 1 action remains (valuation)
12/2 email stating mortgage approved subject to valuation

Jmm29

Ho sorry to jump on here but new to this page and can't figure our where to start a new post lol? Anyways I started my mortgage process on the 16/12 with an advisor who is good but really bad with communication I.e. I will text then and not get a reply until maybe a week or more later. Found out on the 26/01 that the it had been referred by Natwest and my advisor told me it would be two weeks for a decision. I asked him last week if there was an update and he said no its extremely slow at the moment (I understand with covid etc) but then again today I have tried to ring and messaged and haven't heard anything for him. Does this time frame sound right? Its been since the 26/01. Just looking to see if anyone else in the same boat! 

zemarcopolo

Jmm29 said:

Ho sorry to jump on here but new to this page and can't figure our where to start a new post lol? Anyways I started my mortgage process on the 16/12 with an advisor who is good but really bad with communication I.e. I will text then and not get a reply until maybe a week or more later. Found out on the 26/01 that the it had been referred by Natwest and my advisor told me it would be two weeks for a decision. I asked him last week if there was an update and he said no its extremely slow at the moment (I understand with covid etc) but then again today I have tried to ring and messaged and haven't heard anything for him. Does this time frame sound right? Its been since the 26/01. Just looking to see if anyone else in the same boat! 

Natwest hasn't been slow. Ask your advisor to give you your mortgage application number then you can track it yourself on Natwest website https://www.tracker.natwest.com/nwb/mortgageapp/tracker/login.jsp

Jmm29

Thanks Zemarcopolo! Sorry dont know to to reply directly to your comment haha! But I had a feeling it wasn't the bank being slow 😒 it feels like I have gotten no further forward with my advisor from when I first started the process on the 16/12! I will ask for the application number but will I have one if it is just a referral?

mommt

Jmm29 said:

I will ask for the application number but will I have one if it is just a referral?

Sounds like they're pulling your leg a bit here. Yes - any live application will have an application number.

Suggest you ring (rather than text?) your broker as it's harder to ignore. On my post above, this was started in late January.

tezzywezzy

Our Timeline with Natwest so far:

29/03/2021 Online mortgage application submitted

30/03/2021 Documents uploaded via Digidocs (ID, Payslips, Bank Statements)

31/03/2021 Valuation instructed for 09/04/2021 *delayed by 5 days due to Easter Bank Holiday

09/04/2021 Valuation took place (this was a Friday)

12/04/2021 (Monday) Natwest confirmed the property was down valued by 29k and have passed the info to the underwriters

15/04/2021 Natwest confirmed their max lending amount and ask us how we wish to proceed as it was less than what we asked for

17/04/2021 (after negotiating with our seller etc) We have spoken to Natwest to confirm their max lending amount is fine and we still wish to proceed

And that brings us to today - 19 days from application submission and we are pretty much sorted as far as the application goes, now its down to solicitors etc. The house we are buying is empty and the seller is hoping to complete ASAP so fingers crossed

*update*

19/04/2021 Morgage offer received from Natwest

(insert 10 days waiting for searches to come back here)

29/04/2021 Funds ready for release

Completion date set for May 7th.

*update* we completed on May 7th without any issues.

Nath_2389

I can’t get over how handy this forum is!

any advice on my NatWest timeline would be appreciated.

Mortgage application sent: Tuesday 27/4
Application approved (subject to valuation): 28/4

What happens now? 

All done through a broker so do we just wait for our broker to get back in touch?

Thanks