NatWest Mortgage Application Timescale 2023

RedCannon94

90% FTB -

19th June - App submitted via Broker
19th June - Soft Search (ID)
19th June - Vaulation Scheduled for 27th June

Broker spoke with Natwest today to confirm the docs will be review by COB 27th, alongside the Valulation.

Naturally super on edge about all of this. Tracker hasn't updated since the 21st

RedCannon94

inama said:

FTB here purchasing a home with my husband (both employed) on a 75% LTV.

Before we put our mortgage application in I read through this forum & I assumed it would take us weeks to get approved, but it only took 5 days?!

01/06: mortgage application submitted (via a broker)

05/06: bank valuation (desktop)

06/06: valuation report

06/06: mortgage offer

What day did they approved your payslips / statements?

RedCannon94

PanicRoom123 said:

ohgoodgrief said:

PanicRoom123 said:

Our application submitted via broker on 01/06 just before the last interest rate hike.
First time buyers with 90%LTV. 2 applicants, one in full time employment.
It's been 3 weeks....still waiting. Some additional questions were asked and documents provided about 2 weeks ago.
This forum has helped me stay sane but I don't see any other recent posts?
Not sure I can handle another weekend of anxiety over this...

Where on the tracker are you?
is it at stage 1 assessment and valuation?

We don't have view of the tracker, it is all done by the broker. So it is hard to gauge at which step we are at. The broker assured me that he is waiting on NatWest. Might be easier to be able to look at something, rather than nothing!

Ask your broker for your mortgage ID. He 100% has it. This will allow you to track it via Natwests' site

ohgoodgrief

RedCannon94 said:

90% FTB -

19th June - App submitted via Broker
19th June - Soft Search (ID)
19th June - Vaulation Scheduled for 27th June

Broker spoke with Natwest today to confirm the docs will be review by COB 27th, alongside the Valulation.

Naturally super on edge about all of this. Tracker hasn't updated since the 21st

I didn’t sleep for a fortnight I don’t think, waiting on NatWest. However our broker also said the same around how NatWest will review documents with valuation in same day or day after. Just to hopefully allay some of your worries, they are super busy and they didn’t actually do the final underwriting until four days after valuation, so although everything was fine, it was outside the timescale they hoped. They gave verbal confirmation of approval to our broker Thursday and we got the offer in writing Friday evening. Fingers crossed yours will be faster - I think ours took slightly longer due to one of us self employed. 

RedCannon94

ohgoodgrief said:

RedCannon94 said:

90% FTB -

19th June - App submitted via Broker
19th June - Soft Search (ID)
19th June - Vaulation Scheduled for 27th June

Broker spoke with Natwest today to confirm the docs will be review by COB 27th, alongside the Valulation.

Naturally super on edge about all of this. Tracker hasn't updated since the 21st

I didn’t sleep for a fortnight I don’t think, waiting on NatWest. However our broker also said the same around how NatWest will review documents with valuation in same day or day after. Just to hopefully allay some of your worries, they are super busy and they didn’t actually do the final underwriting until four days after valuation, so although everything was fine, it was outside the timescale they hoped. They gave verbal confirmation of approval to our broker Thursday and we got the offer in writing Friday evening. Fingers crossed yours will be faster - I think ours took slightly longer due to one of us self employed. 

That's good to know. Broker made us aware that by COP docs will be reviewed so hoping we can get an offer by Friday at the latest!

Apollo81

RedCannon94 said:

90% FTB -

19th June - App submitted via Broker
19th June - Soft Search (ID)
19th June - Vaulation Scheduled for 27th June

Broker spoke with Natwest today to confirm the docs will be review by COB 27th, alongside the Valulation.

Naturally super on edge about all of this. Tracker hasn't updated since the 21st

Ours took 2 months, and a very simple application. I was refreshing the tracker every 5 mins, so feel your pain. 

It all got approved though, so don’t panic too much, and good luck. 

RedCannon94

Apollo81 said:

RedCannon94 said:

90% FTB -

19th June - App submitted via Broker
19th June - Soft Search (ID)
19th June - Vaulation Scheduled for 27th June

Broker spoke with Natwest today to confirm the docs will be review by COB 27th, alongside the Valulation.

Naturally super on edge about all of this. Tracker hasn't updated since the 21st

Ours took 2 months, and a very simple application. I was refreshing the tracker every 5 mins, so feel your pain. 

It all got approved though, so don’t panic too much, and good luck. 

Oooft what were the service levels meant to be at the time? What was the cause for the delays?

RedCannon94

RedCannon94 said:

90% FTB -

19th June - App submitted via Broker
19th June - Soft Search (ID)
19th June - Vaulation Scheduled for 27th June

Broker spoke with Natwest today to confirm the docs will be review by COB 27th, alongside the Valulation.

Naturally super on edge about all of this. Tracker hasn't updated since the 21st

Spoke to Natwest today. Might now take until next week for the docs to reach  the underwriters which seems mental considering it’s 4/5 days according to their site.

Will be a whole week after the valuation takes place potentially which seems crazy

PanicRoom123

PanicRoom123 said:

Our application submitted via broker on 01/06 just before the last interest rate hike.
First time buyers with 90%LTV. 2 applicants, one in full time employment.
It's been 3 weeks....still waiting. Some additional questions were asked and documents provided about 2 weeks ago.
This forum has helped me stay sane but I don't see any other recent posts?
Not sure I can handle another weekend of anxiety over this...

Finally this morning we've received our offer, exactly 18 working days since submission on 01/06.
Had a call yesterday morning from broker confirming that there was a hold-up (they failed to pass it onto the next level for approval). He chased and they said it would be concluded within 24 hours which was the case. 
Good luck to everyone waiting. Seems 3 - 4 weeks is not that unusual.

RedCannon94

PanicRoom123 said:

PanicRoom123 said:

Our application submitted via broker on 01/06 just before the last interest rate hike.
First time buyers with 90%LTV. 2 applicants, one in full time employment.
It's been 3 weeks....still waiting. Some additional questions were asked and documents provided about 2 weeks ago.
This forum has helped me stay sane but I don't see any other recent posts?
Not sure I can handle another weekend of anxiety over this...

Finally this morning we've received our offer, exactly 18 working days since submission on 01/06.
Had a call yesterday morning from broker confirming that there was a hold-up (they failed to pass it onto the next level for approval). He chased and they said it would be concluded within 24 hours which was the case. 
Good luck to everyone waiting. Seems 3 - 4 weeks is not that unusual.

Congrats! - When during the 18 days did you have a) the valuation b) the docs all reviewed by underwriters?