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    • wharty
    • By wharty 8th Feb 18, 1:11 PM
    • 375Posts
    • 639Thanks
    wharty
    Nationwide Mortgage application rejected through B
    • #1
    • 8th Feb 18, 1:11 PM
    Nationwide Mortgage application rejected through B 8th Feb 18 at 1:11 PM
    Hi

    My wife and I were made bankrupt in 2013 and discharged in 2014.
    We had a broker apply for a mortgage on our behalf and he contacted Nationwide who performed a hard search and soft search on our credit files.

    The broker seemed very disinterested from the start and didn't seem to read everything we sent him, often asking for details several times even though he already had them.

    He was extremely hard to get information from and wouldn't give information unless i coerced him into doing so.

    We got the impression that he thought he was defeated before he even tried.

    Because of these concerns I asked him if he had a copy of the application he sent to Nationwide but he said there wasn't an application as such.

    I eventually got a reference number from him so I could contact Nationwide ourselves which I will do in due course.

    Nationwide said it was rejected due to information on our credit file which is fair enough but why say in your lending criteria that you will consider an ex bankrupt if they have been discharged for more than 3 years?

    I appreciate we have defaults that have been settled and the bankruptcy is there but what else could it be?

    We passed the affordability check according to the broker and our wages are fine, it just seems the broker wasn't interested and didn't even try.

    I would appreciate any advice or thoughts, Thanks.
Page 1
    • wharty
    • By wharty 8th Feb 18, 1:41 PM
    • 375 Posts
    • 639 Thanks
    wharty
    • #2
    • 8th Feb 18, 1:41 PM
    • #2
    • 8th Feb 18, 1:41 PM
    UPDTAE: Whilst i was writing the original thread the broker rang back and said he had spoken to somebody at Nationwide who said it may help if we increase our deposit beyond 5%.

    We were going to use Help to Buy which would have us at 75% LTV.

    Now that seems reasonable, but something doesn't add up.

    Why say that Nationwide rejected it because of something on our credit file but when I ask for a copy of his application on our behalf and a reference number when he said there was no application as such, would he then turn around and say increasing the deposit may help?

    How would increasing our deposit change what Nationwide rejected us for on our credit file?

    It doesn't make sense, if its rejected because of our credit file then surely a bigger deposit wouldn't help?

    Shouldn't he just have told us that as ex bankrupts, Nationwide require us to put down a bigger deposit and that they rejected us because we didn't have a sufficient enough deposit?

    Thanks.
    • wharty
    • By wharty 8th Feb 18, 1:50 PM
    • 375 Posts
    • 639 Thanks
    wharty
    • #3
    • 8th Feb 18, 1:50 PM
    • #3
    • 8th Feb 18, 1:50 PM
    Sorry just notice the thread title is wrong.

    It should read, "Nationwide Mortgage application rejected through broker".
    • wharty
    • By wharty 8th Feb 18, 2:40 PM
    • 375 Posts
    • 639 Thanks
    wharty
    • #4
    • 8th Feb 18, 2:40 PM
    • #4
    • 8th Feb 18, 2:40 PM
    Feel free to move this elsewhere if its in the wrong section, i could really use some advice on this. Thanks
    • Johnsmith2016
    • By Johnsmith2016 10th Feb 18, 8:58 AM
    • 436 Posts
    • 224 Thanks
    Johnsmith2016
    • #5
    • 10th Feb 18, 8:58 AM
    • #5
    • 10th Feb 18, 8:58 AM
    Nationwide will lend you will likely need a decent deposit though. 5% is not .
    • wharty
    • By wharty 12th Feb 18, 12:28 PM
    • 375 Posts
    • 639 Thanks
    wharty
    • #6
    • 12th Feb 18, 12:28 PM
    • #6
    • 12th Feb 18, 12:28 PM
    Nationwide will lend you will likely need a decent deposit though. 5% is not .
    Originally posted by Johnsmith2016
    The mortgage broker asked nationwide if increasing the deposit would help but they said no.

    Nationwide say its something on our credit file.
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