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Mortgage declined - Defaulted in error - HELP!
Comments
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How would be the best way forward to make a claim?0
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KerensaDelphi wrote: »They wrote to Natwest explaining - Natwest are not satisfied and have said no.
Then its not the reason for the decline.
The NatWest do not have to give the precise reason for the decline.
Wouldn't waste your time going up a blind alley.0 -
Nat west have come back and said they will give me a mortgage once the default has been removed. Nationwide have requested this but it can take 28 days. Which means I missed the stamp duty saving and have to fork out another months rent.0
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Just checked default status on Equifax and they have removed it. So now that means I have a clean record can someone tell me where the best rate can be found? I need to borrow £106000 for 30 years property value £156000.0
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What about Experian?
If it's still there, you'll be back at square one with an Experian-using lender.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Jesus HC. I didn't know that. Shouldn't Nationwide have informed both companies to get default removed? Knowing how these monkeys operate there I doubt if they did. These idiots are going to pay for this! I feel like giving up.0
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I'm not saying Experian hasn't been updated. I'm just suggesting you get your credit file from them, so you can check before you make any more applications.
IIRC the likes of Halifax, Santander and many others use Experian in preference to Equifax.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Despite everything said, i would still be angry with Natwest and would be firing off a complaint to them as well. If you intend to pursue Nationwide vigorously then you will need evidence from Natwest that they only declined for that reason (and I stick by my initial guess that Natwest were not just using that reason as a letter from Nationwide would have eradicated the problem).I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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