NatWest Mortgage Timescale 2021

Kayleighwhiteley

@madamegeorge wow, that's really good!!
I was hoping ours would be fairly quick, but our valuation isn't booked in till 28th, which I was abit gutted about. Our broker originally said would take around 10 days. He hasn't asked for anymore documents as of yet, but we do have a fair bit prepared incase he does. Everything else is in place we are just waiting on natwest now. I'm assuming underwriting isn't done till valuation is back. 

MadameGeorge

@Kayleighwhiteley it feels like forever when you're waiting but the 28th isn't that far off. 

I'm waiting to hear back from the seller on accepting a brought forward exchange and that has me churning too.  It's such a stress isn't it? There's really nothing like it.

For me, I made sure I had plenty of bank statements dating back well longer than was being asked for just in case.  I downloaded 12 months.  I was asked for 3 months and then the transaction list bringing it to present time to cover a particular item.  No harm with being over prepared.

They advised broker that they were happy with all documents and the underwriting prior to the valuation.  I'm in Scotland, so with the Home Report it was just a desktop.  That may have been a factor in them tipping off the broker that the offer was there for me subject to the survey.  You're good so far so hopefully a good outcome!  There doesn't seem to be any definite order to things with any of this.  Sometimes you can be asked for more evidence after the valuation and sometimes it's as quick as mine.  I hope for you it's real quick.

Jcd1811

ManSeekingMortgage said:

Jcd1811 said:

Tracker has stayed the same from the 14th with no new updates. Does anybody know what this means? Or what else it looks they may be waiting on. 

We are in the same position, anybody know what the deal is here?

Hi! Just an update! We finally got our offer through yesterday! 🙌🏼 So our timeline was:
7.7.22: Sale Agreed
8.7.22: Application & Documents Submitted
12.7.22: Review of documents
14.7.22: Valuation Completed
19.7.22: Issue of Offer
Apart from the radio silence between 14th-19th we have had such a quick turn around! 

Solicitor is also on the ball and our date of completion is 4 weeks from today ☺️

Good luck all 

euphoriik

euphoriik said:

Updated timeline for me, applying direct with no broker FTB 5% deposit with a perfect credit history.

01/07 Sent documents to Natwest
03/07 Rang NatWest to make aware of a gift to deposit
14/07 First lot of documents ticked off and asked for more and instructed valuation
15/07 All documents ticked off 
18/07 Valuation carried out 
19/07 Valuation report received by NatWest 

just awaiting them letting me know! 😊

Offer received 20/07 8pm! Got our mortgage offer letter online just awaiting it in the post! ☺️

Kayleighwhiteley

@madamegeorge thank you. Hopefully I won't have much longer to wait. The waiting is by far the worst. 

MadameGeorge

@Kayleighwhiteley hopefully really soon. Fingers crossed by that time, all your stress can melt away.

tashak010

euphoriik said:

euphoriik said:

Updated timeline for me, applying direct with no broker FTB 5% deposit with a perfect credit history.

01/07 Sent documents to Natwest
03/07 Rang NatWest to make aware of a gift to deposit
14/07 First lot of documents ticked off and asked for more and instructed valuation
15/07 All documents ticked off 
18/07 Valuation carried out 
19/07 Valuation report received by NatWest 

just awaiting them letting me know! 😊

Offer received 20/07 8pm! Got our mortgage offer letter online just awaiting it in the post! ☺️

Amazing news! Congrats! The worst is over 😁 I rang on 19th for an update as our valuation was supposed to be on 18th, but they said on the phone it was now 20th. I’m going to leave it til tomorrow and ring for another update I think. Did you first see your offer on the tracker or via email?

MadameGeorge

For me the offer showed on the tracker first and then by post.  I've not rec'd any emails from NW at all. 

euphoriik

tashak010 said:

euphoriik said:

euphoriik said:

Updated timeline for me, applying direct with no broker FTB 5% deposit with a perfect credit history.

01/07 Sent documents to Natwest
03/07 Rang NatWest to make aware of a gift to deposit
14/07 First lot of documents ticked off and asked for more and instructed valuation
15/07 All documents ticked off 
18/07 Valuation carried out 
19/07 Valuation report received by NatWest 

just awaiting them letting me know! 😊

Offer received 20/07 8pm! Got our mortgage offer letter online just awaiting it in the post! ☺️

Amazing news! Congrats! The worst is over 😁 I rang on 19th for an update as our valuation was supposed to be on 18th, but they said on the phone it was now 20th. I’m going to leave it til tomorrow and ring for another update I think. Did you first see your offer on the tracker or via email?

Tracker first 100% I just happened to check the tracker at 8pm after a meal we had yesterday and it had said we had the offer, I got the email with the online version of the letter about an hour later and still awaiting the letter ☺️

Harley28

Another timeline for everyone to go by  

Mortgage application submitted - 14/07
Valuation instructed 19/07
Received mortgage offer - 21/07

This was first time buyer, joint application.

There was no communication in between those dates. 

We submitted any documents our mortgage advisor asked for (just the usual bank statements, payslips) - I had been off sick the month prior and asked my work to write up a letter to state I was back into full time employment etc and the mortgage advisor handed this in with the rest of the documents. I think this helped them not need to ask more questions.

They assessed valuation and sent us the mortgage offer both on the 21/07  

7 working day turnaround, very pleased! 

Good luck to everyone still waiting, hope you hear soon!!