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Mortgage Extension Process (NatWest)

Hi all,

Our new build is looking like its going to be ready right on the tail end of our mortgage offer expiry date this month. We've applied for an extension with NatWest, just incase we need it. Any idea how long this takes? And has anyone had any experience of this request being declined?
 Thanks.

Comments

  • K_S
    K_S Posts: 6,891 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    clouds15 said:
    Hi all,

    Our new build is looking like its going to be ready right on the tail end of our mortgage offer expiry date this month. We've applied for an extension with NatWest, just incase we need it. Any idea how long this takes? And has anyone had any experience of this request being declined?
     Thanks.
    @clouds15 Can't comment on how long it takes as NatWest are quite backed up at the moment, it's good that you've applied as early as you can. No need to worry though, it's a fairly routine process and involves a soft check and an automated valuation refresh. So as long as your credit history hasn't deteriorated, you should be fine.

    I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

  • @K_S Thanks for that, sounds like it shoudn't be a problem then. 
  • rui1101
    rui1101 Posts: 9 Forumite
    First Anniversary Name Dropper First Post
    clouds15 May I know how long it took for your case? I am waiting now from Natwest but was told it takes a while.. 
  • catb13
    catb13 Posts: 12 Forumite
    10 Posts Name Dropper
    @rui1101 It took about 3-4 weeks for our NatWest extension which we received in September :smile:

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