NatWest Mortgage - taking a while

DLH215650

RedCannon94 said:

DLH215650 said:

Hi

I have read through this forum and its proved really helpful so I thought I would add our experience and timescale with Natwest. Also worth noting we went through a broker (who has been excellent) and would fully recommend going down this route.  FTB. 

22/5/23 - Official mortgage offer made and bank statements, credit reports, deposit proof, wage slips and bonus wage slips requested and submitted
31.5.23 - Hard search done (Soft search done a few weeks ago at A.I.P offer)
5.6.23 - Valuation done
7.6.23 - More info requested as copies were 'grainy' so had to PDF them
14.6.23 - More proof of bonus slips for last 2 years requested. Submitted. Didn't hear anything after this....Radio Silence
20.6.23 - Official mortgage offer received via email ( We can sleep now! )

So pretty much 4-5 weeks for us from official application to Official Mortgage offer and estimated 5-6 weeks wait now for solicitors to do their work now. That's fine for us and no issues with the Natwest and process. We had no chain and neither did the seller so maybe that sped things up a little I don't know? 

One thing I will say...Our broker was saying it is absolute carnage in the mortgage market and the minute for various reasons. Must be a tough job at the minute being a broker.  
Good luck to everyone else!

Did the email go directly to you once the offer was approved or via the broker?

It went direct to us but the broker received an email as well but they were off on Tuesday!

DLH215650

ohgoodgrief said:

DLH215650 said:

Hi

I have read through this forum and its proved really helpful so I thought I would add our experience and timescale with Natwest. Also worth noting we went through a broker (who has been excellent) and would fully recommend going down this route.  FTB. 

22/5/23 - Official mortgage offer made and bank statements, credit reports, deposit proof, wage slips and bonus wage slips requested and submitted
31.5.23 - Hard search done (Soft search done a few weeks ago at A.I.P offer)
5.6.23 - Valuation done
7.6.23 - More info requested as copies were 'grainy' so had to PDF them
14.6.23 - More proof of bonus slips for last 2 years requested. Submitted. Didn't hear anything after this....Radio Silence
20.6.23 - Official mortgage offer received via email ( We can sleep now! )

So pretty much 4-5 weeks for us from official application to Official Mortgage offer and estimated 5-6 weeks wait now for solicitors to do their work now. That's fine for us and no issues with the Natwest and process. We had no chain and neither did the seller so maybe that sped things up a little I don't know? 

One thing I will say...Our broker was saying it is absolute carnage in the mortgage market and the minute for various reasons. Must be a tough job at the minute being a broker.  
Good luck to everyone else!

Thank you - our timescale looks fairly quick then despite feeling it’s taken a while. Broker said they called them today and the underwriter has agreed the offer and we are now in a queue for the offer paperwork to be issued. It does seem like it is very busy and they are fire fighting a lot with the interest rate uncertainty. 

ohgoodgrief said:

DLH215650 said:

Hi

I have read through this forum and its proved really helpful so I thought I would add our experience and timescale with Natwest. Also worth noting we went through a broker (who has been excellent) and would fully recommend going down this route.  FTB. 

22/5/23 - Official mortgage offer made and bank statements, credit reports, deposit proof, wage slips and bonus wage slips requested and submitted
31.5.23 - Hard search done (Soft search done a few weeks ago at A.I.P offer)
5.6.23 - Valuation done
7.6.23 - More info requested as copies were 'grainy' so had to PDF them
14.6.23 - More proof of bonus slips for last 2 years requested. Submitted. Didn't hear anything after this....Radio Silence
20.6.23 - Official mortgage offer received via email ( We can sleep now! )

So pretty much 4-5 weeks for us from official application to Official Mortgage offer and estimated 5-6 weeks wait now for solicitors to do their work now. That's fine for us and no issues with the Natwest and process. We had no chain and neither did the seller so maybe that sped things up a little I don't know? 

One thing I will say...Our broker was saying it is absolute carnage in the mortgage market and the minute for various reasons. Must be a tough job at the minute being a broker.  
Good luck to everyone else!

Thank you - our timescale looks fairly quick then despite feeling it’s taken a while. Broker said they called them today and the underwriter has agreed the offer and we are now in a queue for the offer paperwork to be issued. It does seem like it is very busy and they are fire fighting a lot with the interest rate uncertainty. 

Yeah Id say so...and broker said theres a fair backlog. We had to resend a bit over as the images were grainy so might be the case for many others too. Hopefully your offer will be with you anyday now!