Natwest Mortgage Timescale 2022 18 October 2022 at 8:16PM edited 21 November 2022 at 11:57PM in Mortgages & endowments 244 replies 12.3K views

Big_Rock

Here is my case 

1 Self Employed 
2 Employed 

I am assuming being one applicant self employed it will take over 4-6 weeks,

so question is did any one got being self employed offer in 15 days as timeline on their website?

and finally for those waiting ...

did you paid for searches or not yet? as soliciator said its wise to wait but that really means another 4 to 6 weeks so I am just worried vendor might feel annoyed. 

Thanks 

which1982

Hey, not the same situation but I applied on 6 October, hard search the same day - and nothing since. Applied via a broker 

Big_Rock

which1982 said:

Hey, not the same situation but I applied on 6 October, hard search the same day - and nothing since. Applied via a broker 

Have you checked the tracker? 

Also are Employed or Self employed? Major time difference in both.

I have seen another poster who applied on 4/10 got more queries yesterday so I am assuming your will be in a day or so as well. 

HWBY

which1982 said:

Hey, not the same situation but I applied on 6 October, hard search the same day - and nothing since. Applied via a broker 

Same. I same rang NatWest on Monday who said it was taking 20 days now and we can expect an update first week of November. She said that because they didn't pull any products they had a huge rush of applications and are stuck in a backlog.

We've already instructed our solicitor to begin the searches. Things are taking so long at the minute, and our vendor is already stressing. We're so desperate to get on the ladder at this point (our previous transaction fell through at six months and we lost the 1.97% rate we had... ouch) that we'll take the risk and hopefully move early next year.

Big_Rock

HWBY said:

which1982 said:

Hey, not the same situation but I applied on 6 October, hard search the same day - and nothing since. Applied via a broker 

Same. I same rang NatWest on Monday who said it was taking 20 days now and we can expect an update first week of November. She said that because they didn't pull any products they had a huge rush of applications and are stuck in a backlog.

We've already instructed our solicitor to begin the searches. Things are taking so long at the minute, and our vendor is already stressing. We're so desperate to get on the ladder at this point (our previous transaction fell through at six months and we lost the 1.97% rate we had... ouch) that we'll take the risk and hopefully move early next year.

Yeah in the same boat, worried about vendor pulling out but atleast market isn’t going up so sellers as well will have to think twice before pulling out 

which1982

Small update on the tracker for me today (which only started working yesterday). Valuation has been instructed and they’re checking pay slips. Small progress, but glad it’s moving along. 

Big_Rock

which1982 said:

Small update on the tracker for me today (which only started working yesterday). Valuation has been instructed and they’re checking pay slips. Small progress, but glad it’s moving along. 

Indeed wish you are all the best.

Also it means tracker starts working after 15 days … ie you applied on 6th and today in 21st so 21-6 =15 days .., 

Big_Rock

Just to add, spoke to NatWest today and they are saying their standard time is now 20 working days for the application just for it to be keyed in. 

Their website claims 15 but support is insisting on 20 days. 

anapiu

Hi everyone.

1 Self-employed
2 Employed

We applied with NatWest on 13/09. They booked a valuation today 25/10.

Hope that helps x

Big_Rock

anapiu said:

Hi everyone.

1 Self-employed
2 Employed

We applied with NatWest on 13/09. They booked a valuation today 25/10.

Hope that helps x

Good Luck :-) 

anapiu

Thank you! It takes too long. The seller called today complaining about it...