FTB Nationwide Save To Buy

andyp774

Hi my wife and I are in the process of saving through the Nationwide Save to Buy mortgage scheme. We only have about 6 weeks till the mortgage application actual goes through. I have a mortgage in principal application soon.
I have a default and wanted to know how this would affect it, Its due to come off end of May

rodenal

What in particular are you worried about r.e the default? Whether it will still be on file when you apply very much depends on when the CRA update their records - I would have thought though that a very near 6 year old default would have little impact on your application (I could be completely wrong though) unless you're applying for the 95% mortgage. Even then I would have thought overall affordability was much more important than a default that's literally about to disappear.

Ignore the scores given by the reference agencies btw, each lender will have their own criteria that you may or may not match.

andyp774

rodenal wrote: »

What in particular are you worried about r.e the default? .

Yeah just wondered whether this would affect the application or not. Like you said it is so close to the 6 year cut off point should be ok.