Natwest Mortgage Timescale 2022

Jkm5219

anapiu said:

Hi all! Just to update my situation. I just received an offer!

1 Self employed 
2 Employed

80% LTV

So, here's my full timeline:

13/09 Application via broker Mojo
17/10 Asked for more documents
25/10 Booked a valuation
26/10 In-person valuation & Offer sent

Congratulations anapiu :-) so pleased for you, You had a long wait there but worth it now you have an offer!

Big_Rock

This may help... Official processing time as of  27th Oct 2022

AtPanAtPan

Big_Rock said:

This may help... Official processing time as of  27th Oct 2022

Could I check I’m understanding this correctly? Thanks for posting 

- underwriting Day 20 means 20 working days following submission

- assess further information Day 15 means 15 extra working days every time they ask you for further info and you submit it?

I am struggling to be patient with NatWest and understanding this will hopefully help. We submitted extra info on 12th Oct and my broker said it would be 7 working days to hear back. Ofc we are here on 27th Oct no further forward…

thanks

which1982

Agree this is confusing. 

My reading was that it could take up to 15 working days to do pre-underwriting/keying the application in, a further 20 working days to do full underwriting, and an additional 15 working days each time they request documents. 

So potentially 35 working days quickest, 50+ slowest? 

Big_Rock

AtPanAtPan said:

Big_Rock said:

This may help... Official processing time as of  27th Oct 2022

Could I check I’m understanding this correctly? Thanks for posting 

- underwriting Day 20 means 20 working days following submission

- assess further information Day 15 means 15 extra working days every time they ask you for further info and you submit it?

I am struggling to be patient with NatWest and understanding this will hopefully help. We submitted extra info on 12th Oct and my broker said it would be 7 working days to hear back. Ofc we are here on 27th Oct no further forward…

thanks

yes correct ... its really a slow process.

May be due to too much of work load 

Big_Rock

Just been on chat and now they are claiming, cases are going over 25 days :-( 

AtPanAtPan

Big_Rock said:

Just been on chat and now they are claiming, cases are going over 25 days :-( 

My broker at L&C told me NatWest are not even accepting calls in the last two days and only offering a 48hr callback function

Big_Rock

AtPanAtPan said:

Big_Rock said:

Just been on chat and now they are claiming, cases are going over 25 days :-( 

My broker at L&C told me NatWest are not even accepting calls in the last two days and only offering a 48hr callback function

Incredible !!!! And it’s now weekend as well so nothing much will be moving till Monday 

AtPanAtPan

Big_Rock said:

AtPanAtPan said:

Big_Rock said:

Just been on chat and now they are claiming, cases are going over 25 days :-( 

My broker at L&C told me NatWest are not even accepting calls in the last two days and only offering a 48hr callback function

Incredible !!!! And it’s now weekend as well so nothing much will be moving till Monday 

Indeed! At least it’s two days where I can put it out of my mind as nothing will be possibly happening

Viperex

Mine has been applied on 24/10 and today NatWest have asked  ' A valuation has been instructed and we are now awaiting your client's survey report' 

also i am LTV 52% 

Just want a offer so i can relax and get on with it .

also would it be a desktop valuation