NatWest Mortgage Application Timescale 2024

yaar001

What is current time frame from start to finish on a mortgage application with NatWest?

kingstreet

https://www.intermediary.natwest.com/

Scroll down

bluey1406

Ours was a week (across a weekend Wed - Wed) with a couple of queries being raised by NW.  We used a broker. Nat West seemed to deal with any information they received from the broker within 24 hours.  Hope that helps

ftbapr2024

Hi all, just thought I would put our recent experience with NatWest (which has been good, but obviously nail biting). We're both first time buyers, applied with NatWest via broker. New build. So around 3 weeks from submission to offer, with a few queries/documents requested in between and the long Easter weekend!


21 March- application submitted
22 March - valuation completed 
25 March - first round of documents submitted
28 March - second round of documents submitted
Bank holiday weekend!
5 April - third round of documents submitted
10 April - Mortgage offer received

SF_1990

29th April - Application submitted via broker
30th April - Valuation completed 
1st May - Additional documents submitted (Work contract) 
3rd May - Mortgage offer received 

Super fast processing considering first time buyers with only 5% deposit. I work abroad and being payed in foreign currency and Mrs is nurse, so not alot of lenders to work with. 

Topmax

What is current time frame from start to finish on a mortgage application with NatWest?
I have applied remortgage but waiting latest 4 weeks for my offer. 
Anyone facing long deay from Natwest Mortgage. 
Thanks

red_mush95

If anyone has any info on how long NatWest are currently taking for mortgage applications, I would appreciate it! 

Just about to submit an application with them and all party’s have verbally agreed to a move in date of August 9th so hoping it all goes smoothly

TeddyWelsh

red_mush95 said:

If anyone has any info on how long NatWest are currently taking for mortgage applications, I would appreciate it! 

Just about to submit an application with them and all party’s have verbally agreed to a move in date of August 9th so hoping it all goes smoothly

I put my application in on 4th July - affordability checks and valuation have been done but still waiting a decision.

Have you submitted yours yet?

red_mush95

TeddyWelsh said:

red_mush95 said:

If anyone has any info on how long NatWest are currently taking for mortgage applications, I would appreciate it! 

Just about to submit an application with them and all party’s have verbally agreed to a move in date of August 9th so hoping it all goes smoothly

I put my application in on 4th July - affordability checks and valuation have been done but still waiting a decision.

Have you submitted yours yet?

We submitted our application on Friday the 5th July at 8:30am!

Monday 8th July, they requested some additional documents in relation to tax returns as I am self employed! This was due to my accountant being completely incompetent and not submitting my last 3 years returns correctly so all had to be amended for lenders which set us back a day or two!

Tuesday 9th valuation was done!

Thursday 11th all amended returns and requested documents were sent to them once I had finally got my useless accountant to get them ammended and back to me! 

Monday 15th our application was added to the offer queue 

Tuesday 16th Offer received!

If I had had a competent accountant, we probably would’ve received our offer 5/6 days sooner!

So to be fair to NatWest, they are moving super, super quick! 

jom222

Found everyone’s timelines useful so wanted to add ours to help others know what they could expect. Bit of a gap between the application and the valuation but once that was done the process was really quick.

22nd July - Submitted our application through broker.

29th July - Valuation instructed and desktop valuation carried out (didn’t expect it to be a desktop as our LTV is high and the house hasn’t sold since 1997 and has had a few extensions added since then.

31st July - Valuation accepted by NatWest.
31st July - Requested letter confirming details of gifted deposit (parents are giving £5k as the house we are buying came up faster than expected so were slightly short on our own savings).

1st August - Additional payslips requested (this was my first payslip after a pay increase so wanted proof of that).
1st August - Offer received for full amount.

yorkshire89

As the above has said, found others useful, so here is our timeline, it was for a second property therefore a few additional documents to submit but all in all very straightforward and quick. 

Application was via a broker. We are both employed. 

29th July -  AM application submitted and valuation completed in the PM. 
30th July - additional documents requested - work contracts. 
1st August - additional documents requested - details of outgoings for main residence. 
5th August - mortgage offer received 

We have just (yesterday) requested NatWest reduce the rate to match the new lower rates released - Still awaiting a response.