NatWest Mortgage Timescale 2021

Octothorpe

Nath_2389 said:

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 

We submitted ours eod 27th too with broker - haven't heard from broker so will be chasing up next week now I've seen you got your acceptance in one day 😂

Sonson91

tezzywezzy said:

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.

Similar situation but 10k less value - however was told to reapply as mortgage was done online?

YRazor

How reliable is the natwest tracker?

Ive given them the benefit of the doubt so far but I reckon my mortgage broker is simply dreadful.

Application Submitted 13/04

Valuation Completed 27/04

No information from broker at any point other than an initial email stating that the application with Natwest had been submitted (actually the email incorrectly stated a different lender). Prior to agreeing to go with Natwest I was advised that I would have the option to pay for a Survey to take place with the valuation, the valuation went ahead and the option wasnt presented to me so arranged with a different surveyor afterwards.

I finally got through to my broker and asked them for the mortgage ref number and viewing the tracker it shows 3 actions from the 27/04 (proof of deposit requested, proof of additional income, check voicemail we need to discuss application).

Which is why I pose the question on how reliable the information on the tracker is, if Natwest really have been waiting for those 3 things (for a week now) is that fairly outrageous?

Baggies16

YRazor said:

How reliable is the natwest tracker?

Ive given them the benefit of the doubt so far but I reckon my mortgage broker is simply dreadful.

Application Submitted 13/04

Valuation Completed 27/04

No information from broker at any point other than an initial email stating that the application with Natwest had been submitted (actually the email incorrectly stated a different lender). Prior to agreeing to go with Natwest I was advised that I would have the option to pay for a Survey to take place with the valuation, the valuation went ahead and the option wasnt presented to me so arranged with a different surveyor afterwards.

I finally got through to my broker and asked them for the mortgage ref number and viewing the tracker it shows 3 actions from the 27/04 (proof of deposit requested, proof of additional income, check voicemail we need to discuss application).

Which is why I pose the question on how reliable the information on the tracker is, if Natwest really have been waiting for those 3 things (for a week now) is that fairly outrageous?

Hi have gone from AIP to full offer today with NatWest through a broker in 2 weeks. Have found tracker very accurate. When they requested a payslip and broker uploaded it showed writhing a few hours that it had been received and was being reviewed. This morning it moved to offer on the tracker and 15 mins later it was emailed to me.

Sonson91

Baggies16 said:

YRazor said:

How reliable is the natwest tracker?

Ive given them the benefit of the doubt so far but I reckon my mortgage broker is simply dreadful.

Application Submitted 13/04

Valuation Completed 27/04

No information from broker at any point other than an initial email stating that the application with Natwest had been submitted (actually the email incorrectly stated a different lender). Prior to agreeing to go with Natwest I was advised that I would have the option to pay for a Survey to take place with the valuation, the valuation went ahead and the option wasnt presented to me so arranged with a different surveyor afterwards.

I finally got through to my broker and asked them for the mortgage ref number and viewing the tracker it shows 3 actions from the 27/04 (proof of deposit requested, proof of additional income, check voicemail we need to discuss application).

Which is why I pose the question on how reliable the information on the tracker is, if Natwest really have been waiting for those 3 things (for a week now) is that fairly outrageous?

Hi have gone from AIP to full offer today with NatWest through a broker in 2 weeks. Have found tracker very accurate. When they requested a payslip and broker uploaded it showed writhing a few hours that it had been received and was being reviewed. This morning it moved to offer on the tracker and 15 mins later it was emailed to me.

When the items are ticked on the tracker - does that mean it’s already been reviewed? 

Sonson91

YRazor said:

How reliable is the natwest tracker?

Ive given them the benefit of the doubt so far but I reckon my mortgage broker is simply dreadful.

Application Submitted 13/04

Valuation Completed 27/04

No information from broker at any point other than an initial email stating that the application with Natwest had been submitted (actually the email incorrectly stated a different lender). Prior to agreeing to go with Natwest I was advised that I would have the option to pay for a Survey to take place with the valuation, the valuation went ahead and the option wasnt presented to me so arranged with a different surveyor afterwards.

I finally got through to my broker and asked them for the mortgage ref number and viewing the tracker it shows 3 actions from the 27/04 (proof of deposit requested, proof of additional income, check voicemail we need to discuss application).

Which is why I pose the question on how reliable the information on the tracker is, if Natwest really have been waiting for those 3 things (for a week now) is that fairly outrageous?

I think it’s pretty accurate - and it’s been updating fairly quick 

onemoreguy

Hi everyone,

• Method: Broker
• Submission date: 21/04/2021 T+0
• Further documentation requested (payslips): 30/04/2021 T+9
• Further documentation requested (IDs): 04/05/2021 T+13
• Valuation date instructed: 05/05/2021 T+14
• Valuation date instructed with estate agent: 06/05/2021 T+15
• Valuation date booking: 17/05/2021 T+26
• Completion: TBD 

Looking forward to hear about your updates

tezzywezzy

Nath_2389 said:

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 

Im guessing your broker will be in contact once the valuation has been done, shouldnt be too long as they are generally very quick to get the valuation sorted.

Raneynickel4

Method: Broker
Submission date: 26th April 2021 (t = 0)
Valuation date: 7th of May 2021 (t = 11d)
Valuation result: 10th of May 2021 (t = 14d)
Requested more documents (payslips + bank statements): 10th of May 2021 (t = 14d)

Raneynickel4

Raneynickel4 said:

Method: Broker
Submission date: 26th April 2021 (t = 0)
Valuation date: 7th of May 2021 (t = 11d)
Valuation result: 10th of May 2021 (t = 14d)
Requested more documents (payslips + bank statements): 10th of May 2021 (t = 14d)

Mortgage offer received!! Very surprised at how quick this has been
Method: Broker
Submission date: 26th April 2021 (t = 0)
Valuation date: 7th of May 2021 (t = 11d)
Valuation result: 10th of May 2021 (t = 14d)
Requested more documents (payslips + bank statements): 10th of May 2021 (t = 14d)
Mortgage offer received: 12th May 2021 (t = 16d)