NatWest Mortgage Timescale 2021

MrCarrot

Camboudica said:

MrCarrot said:

I heard that my buyer got his mortgage after 16 days

@MrCarrot, Was this the Underwriting part of the process that took 16 working days, or the entire process start to finish, please? 

@Camboudica I am really not sure because I haven't been privvy to the entire process.  It was implied it was 16 working days for the entire process but I am not convinced.  From peicing together various bits of information I think it was more like 21 - 22 working days.

Crevitus

Update from me!

Application submitted (direct online): 22/09/2022

Access to tracker: 23/09/2022

Futher documents requested and submitted: 23/09/2022

Document assessment and review - Completed 04/10/2022

Valuation instructed - 04/10/2022

Bank statements requested and submitted - 04/10/2022

Note the tracker said a valuation had been instructed before I submitted my bank statements!

ashleighflint

@Crevitus

Thats really fast, we submitted our application on the 20th September, valuation instructed on the 23rd, valuation carried out on the 26th, all back okay. 

Been waiting since then as no other requested but all documents are still awaiting review. 

Have any of your documents been ticketed yet? 

Thank you 

Camboudica

I'm so fed up of waiting for our broker to give us feedback I'm currently trying to get our mortgage application number directly from Natwest so I can at least see the timeline. 

ashleighflint

@Camboudica when did you apply? 

Little_Gem

ashleighflint said:

@Crevitus

Thats really fast, we submitted our application on the 20th September, valuation instructed on the 23rd, valuation carried out on the 26th, all back okay. 

Been waiting since then as no other requested but all documents are still awaiting review. 

Have any of your documents been ticketed yet? 

Thank you 

We are on a similar timeline, submitted on 16th, valuation on 23rd, heard nothing since! Broker said the application is still with the underwriter. I’m avoiding getting the application number as if I have access to the tracker I’ll be checking it every 10 minutes and I’ll panic if it says anything unusual and I haven’t heard from the broker!! I think it’ll just add to my anxiety 😬

ashleighflint

@Little_Gem it’s horrible isn’t it, I got our mortgage number but nothing has changed and I do check about 100 times a day. 

Our broker did call NatWest last week and they said they will update before the 17th October. It’s just painful as it’s been two weeks now and I know that if they didn’t approve it we wouldn’t no what to do with all the new rates. 

I honestly don’t no why they keep people waiting so long 

Camboudica

@ashleighflint, our application was submitted on the 05/09, however, I have a feeling our broker didn't actually submit any documents until the following week. Long story short, he 'forgot' to ask us for something that we then had to scramble to get from my partners accountant, which we didn't get until the week after the application was put in. I suspect he held off submitting the documents until he had them all together, so whilst I'm worrying it's taking so long, I have a feeling I'm a week ahead of myself, if that makes any sense....

Little_Gem

ashleighflint said:

@Little_Gem it’s horrible isn’t it, I got our mortgage number but nothing has changed and I do check about 100 times a day. 

Our broker did call NatWest last week and they said they will update before the 17th October. It’s just painful as it’s been two weeks now and I know that if they didn’t approve it we wouldn’t no what to do with all the new rates. 

I honestly don’t no why they keep people waiting so long 

We are in a similar position, I don’t think we could afford to apply anywhere else with the increase in interest rates it would just push the monthly cost up too much and we can’t go any longer with the term so would have to pull out! 

ashleighflint

Such a horrible wait! 

I just want a yes or no. It doesn’t help that my partner is self employed so I’ve heard it takes so much longer for them to process. The start of the application was so fast with valuation ect and now it’s just a drag! 

Fingers crossed that we all hear some news soon