NewBuy 5% for Discharged Bankrupt (or 90% LTV)

droiderm

I managed to get a newbuy DIP too.
Full app went in today. Fingers crossed.

sandy9876

wonder if the OP got approved at full application? - since he seems about 2 or 3 months ahead of us...>Any of the fabulous experts have a view on Nationwide - AIP reliability?

Mr Newbie

droiderm

I think the general conscensus seems to be it's as good as other lenders who complete a full credit search at DIP/AIP stage (unlike Halifax who do a soft search).

It's not guaranteed. But , like you I went through 3 AND A HALF WEEKS to get a DIP. So, I am hoping the underwriters have already considered the risky parts. I would hope provided everything else stacks up, they wouldn't change their mind, unless there is a difference somewhere...

sandy9876

Can I ask droiderm as to whether you had a reposession as part of your BR? I'm just checking our DIP application form and note it doesn't ask that and I'm racking my brains to remember if this was declared to the Nationwide. But I presume if they did a full search anyway this would show up.?

sandy9876

mortgage offer recieved from Nationwide Friday....:j

lindsaygalaxy

Congratulations!
Sadly for us Nationwide wasnt a creditor for me, but when checking and sorting my credit files, my ex had put a dd on the account without my knowledge (the post got redirected to his mums addresss after the split) and so there is a £118 default on the account. Im guessing Nationwide wouldnt give me a mortgage now (now partner has a perfect credit history).

anyhope

Hi im hoping someone can help as im losing all hope. I was declared bankrupt in april 2007 so it is almost 7 years ago, i had a meeting with a mortgage advisor yesterday and as soon as i mentioned the bankruptcy basically the meeting was over with him saying that noone will touch me unless i have 25% deposit and even then it would still be difficult. Does anybody know if this is correct or a lender that would take me on as i only have 5% deposit. Any advice greatly appreciated.