Has your application been refused?

JA1000

After reading through quite a few of these threads I have noticed a lot of mortgages applications which have been declined. Probably why you are on here. In particular I have noted that Nationwide keeps coming up. All those £99 fees they are collecting

I am a member of the Nationwide refusal club on a 70% LTV and a multiple of 2.2 joint income.

I would be interested if we can get an indication as to which lenders are turning down apps as an unofficial survey, are these lenders offering good rates to appear on the best tables and apparently be in the market but not actually lending.

Thanks

MrsWILLIAMSCASTLE

I am also interested in this

We purchased our first home with Northen Rock 110% mortgage in 2007 2yr fixed had no problem getting the mortgage at all.

We have since tried to remortgage with Lloyds paid £100 booking fee only to be declined.

We then went to Yorkshire bank 90% ltv no booking/valuations fees and was accepted no problem

Dan_1976

Welcome to 2010!

I was talking to a broker friend just this week who said that lenders have got better although they are still tight. Valuations are becoming a little less of a problem also.

I do think we have to accept that times have changed and that we will be refused lending and we wont be able to bend the rules or get silly income multiplers.

JA1000

I agree times have changed but I am concerned about the AIPs being accepted with full credit checks and then being thrown out at application.

I think these dual credit checks are unnecessary.

VIGILANT22

JA1000 wrote: »

I agree times have changed but I am concerned about the AIPs being accepted with full credit checks and then being thrown out at application.

I think these dual credit checks are unnecessary.

Maybe you do think it is unnecessary BUT it is not YOUR money that is being lent out and YOU don't make the rules.

Dan_1976

Lenders have not changed the way they score just the score to get through and policy.

clearing_out_my_pockets

I was accepted by nationwide.

90% LTV, 3.2x joint salary

Dan_1976

Proof at last! lol

boxer691

You will probably find that in some cases it will involve information that has been provided by the National Hunters Limited

Dan_1976

Give over Boxer!

Wutang_2

boxer691 wrote: »

You will probably find that in some cases it will involve information that has been provided by the National Hunters Limited

I am very very very very very very very very very very very very interested - please say more fruitloop