NatWest Mortgage Timescale 2021

CharFTB

doglover34 said:

make it a condition of sale that they fix it

my mum just been told another 5 working days for a decision ... shes driving me nuts! it has all been approved on the tracker since 30th August

Oh definitely will have to! 

Sorry to hear about your mum - how frustrating!!!! Have they said why?

doglover34

no, they said it was passed to offer and they are carrying out final checks - ive just done my on remortgage with them in august and it was so straight forward, only 10 days to offer? 

CLJ2986

doglover34 said:

no, they said it was passed to offer and they are carrying out final checks - ive just done my on remortgage with them in august and it was so straight forward, only 10 days to offer? 

Oh no! Hope she gets her offer soon.

I've finally heard from the solicitor and plan to return all paperwork tomorrow, so hopefully we will have a completion date soon! 

CharFTB

Sooooo timeline as of today:

  - Broker submitted application 26/08
  - Hard search appears on Equifax 26/08
  - Tracker started working 01/09
  - Valuation instructed 01/09
  - Documents being reviewed 01/09
  - Documents reviewed/ticked 05/09
  - Valuation report received 07/09
  - Valuation matches offer 07/09
  - Request more payslips, bank statements and p60 from partner 07/09

Everything is ticked on the tracker but the request for further docs has come from the broker. Anything to be concerned about? 

Working day 9

doglover34

CharFTB said:

Sooooo timeline as of today:

  - Broker submitted application 26/08
  - Hard search appears on Equifax 26/08
  - Tracker started working 01/09
  - Valuation instructed 01/09
  - Documents being reviewed 01/09
  - Documents reviewed/ticked 05/09
  - Valuation report received 07/09
  - Valuation matches offer 07/09
  - Request more payslips, bank statements and p60 from partner 07/09

Everything is ticked on the tracker but the request for further docs has come from the broker. Anything to be concerned about? 

Working day 9

No I dont think so...be prepared for a wait now. Our broker said back log to draw up the offer is about 10 working days after its approved and ticked xxx

doglover34

Oh no ... so my mum rung her broker AGAIN today, he said the underwriter had found an issue with the credit card balance. She had told the broker on application that she had paid this off despite it still showing on the credit report she was waiting for it to update. anyway broker trying to find out exactly with the issue is an said we have to wait 2 business days!! it went to offer but the offers team noticed the issue and sent it back to the underwriter - thats the only thing she can think off. broker had all her credit reports on application - he said he will sort it and not to worry BUT the saga continues .. my poor mum! 

celly5460

Here's my remortgage timeline and few tips: 

22/07: Mortgage in principle
28/07: Application submitted online
03/08: Chased for valuation
05/08: Valuation booked for 24/08 
24/08: Physical valuation (drive by)
30/08: Physical valuation went missing so they decided to do a desktop after putting pressure on them
31/08: Offer received
02/09: Solicitors set completion but their completion statement was wrong. 
09/09: Completed

For context purposes, my LTV is 80% and my property is a flat in the South East. The product included free valuation and free legals. My existing lender was a subprime lender (with them for six years) and I stupidly took out a second charge in the past however, I was able to consolidate in this remortgage. My product expired on 31/08 and I was hoping to complete by then however, Natwest dragged the valuation out so I ended up paying a variable rate plus my second charge. The good thing is, I worked on my credit in the last two years so I've gone from paying £1000 (first and second charge) a month to just one payment of £580 by moving to a high street lender. I almost went ahead with a Building Society (via an online Broker) at 0.89% more interest but things worked out. 

• The best time to call Natwest is between 8:30am and 9:15am. 
• I felt like 3 weeks to do a valuation was unacceptable and I ranted that everyone on here got theirs in 3 days 
• If Legal and General are doing your valuation, they cannot actually tell you if it's a desktop or a physical. I stayed at home for nothing
• I raised a complaint and was told I would be refunded interest charges for period beyond completion as they had more than enough time to complete
• You have to chase Natwest and log in for updates, they unfortunately do not update you. 
• I used checkmyfile to monitor my credit as it pulls all three major credit agencies and you can see what is and is not reported on your file

I wish everyone the very best with their applications and would be happy to answer any questions. It's such a difficult time and I really hope we can all make savings wherever possible! 

doglover34

Finally my mum has her offer!!! 

CLJ2986

doglover34 said:

Finally my mum has her offer!!! 

Finally!! 

doglover34

CLJ2986 said:

doglover34 said:

Finally my mum has her offer!!! 

Finally!! 

I know right, apologies for driving everyone mad! she was driving me crazy!