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NatWest Mortgage Timelines 2022
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Velar19
Posts: 51 Forumite
Morning all, I am a new poster, so please bear with me!
My husband and I have recently applied for an "unencumbered" mortgage with NatWest (We own our house outright, and are looking to raise funds via a mortgage). We have applied via broker.
My timeline so far:-
27th Sept - Application submitted (by our broker)
27th Sept - Notification from ClearScore that a hard search by NatWest "will be added to your October report"
28th Sept - Text from Legal and General asking us to make an appointment for a valuation
30th Sept - Valuation completed (physical, came to the house)
4th October - Broker confirms valuation report received by NatWest with no issues. Says there will be an update from NatWest by 12th October.
This is a very straightforward application. Both full time employed, with no issues over salary. Extremely low LTV (less than 15%) Fair/Good credit score with no late payments, defaults etc.
Strange thing has happened with the credit check (another poster earlier this week says this happened to her) - I got a notification from Clear Score, via the app, that a hard search by NatWest will be added to my October report. It shows it was done on 27th Sept (day application was submitted). However, last night, I got a notification that my "new score" was available (which incidentally has gone up!) but the notification (in the upcoming changes section) about the hard search, has disappeared. It does not show in the Searches section either. In addition to this, a soft search by NatWest shows on the Credit Karma app, and on the Totally Money app too. Not sure if this is how it works (in terms of the hard search not being visible at the moment) and I am assuming that when my report does update for October (via Clear Score) that the hard search will show up then. Anyone else had this happen to them? And what about time lines? My broker says I will have an update by 12th October, yet I have seen other posters state they applied early Sept, and have been told no updates until late October?! I know every case is different, it's just so hard having to wait, and I tend to worry about every little thing!!
My husband and I have recently applied for an "unencumbered" mortgage with NatWest (We own our house outright, and are looking to raise funds via a mortgage). We have applied via broker.
My timeline so far:-
27th Sept - Application submitted (by our broker)
27th Sept - Notification from ClearScore that a hard search by NatWest "will be added to your October report"
28th Sept - Text from Legal and General asking us to make an appointment for a valuation
30th Sept - Valuation completed (physical, came to the house)
4th October - Broker confirms valuation report received by NatWest with no issues. Says there will be an update from NatWest by 12th October.
This is a very straightforward application. Both full time employed, with no issues over salary. Extremely low LTV (less than 15%) Fair/Good credit score with no late payments, defaults etc.
Strange thing has happened with the credit check (another poster earlier this week says this happened to her) - I got a notification from Clear Score, via the app, that a hard search by NatWest will be added to my October report. It shows it was done on 27th Sept (day application was submitted). However, last night, I got a notification that my "new score" was available (which incidentally has gone up!) but the notification (in the upcoming changes section) about the hard search, has disappeared. It does not show in the Searches section either. In addition to this, a soft search by NatWest shows on the Credit Karma app, and on the Totally Money app too. Not sure if this is how it works (in terms of the hard search not being visible at the moment) and I am assuming that when my report does update for October (via Clear Score) that the hard search will show up then. Anyone else had this happen to them? And what about time lines? My broker says I will have an update by 12th October, yet I have seen other posters state they applied early Sept, and have been told no updates until late October?! I know every case is different, it's just so hard having to wait, and I tend to worry about every little thing!!
0
Comments
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Not sure about timeline but the same thing happened to me with clear score. Got a hard search notice, but actually can’t find the search at all 🥴
have you had any good news ?0 -
@Lckuj2018
All boxes ticked as of Monday morning this week. However, my broker then phoned NatWest for an update, and they asked for further info about how our credit card debt had accrued (we own our house outright and are mortgaging to raise funds to pay off the credit cards)
Broker sent the info to them immediately, and now back to “we are assessing the info you sent us……
However, we have been contacted by the conveyancers, which is a good sign. So hopefully it will go to offer. We are just waiting….0 -
Fingers crossed for you.I too have credit card debt of 12k however I am paying it all off with my equity from
the house I am in. Hopefully they don’t ask me that as I am not sure what sort of answer to give?
what did you say?0
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