Nationwide Mortgage!!

GuyLondon84

Some advice please…

I have an existing mortgage with Nationwide of £86,500. I have sold my flat and am getting a mortgage on a house for £195,000. I have 30k (15%) deposit to put down, my credit file is “excellent” score of 968 and I have 1 car debt in my name. Never missed a mortgage payment.

I applied through my broker two weeks ago. They first asked for proof of deposit, done. Then bank statements, done. They've credit checked me twice for identification and for mortgage amount. Now they’re saying they will issue a decision on the decision in principle next week as it’s gone to underwriters for a decision.

Does this seem right??

R_P_W

What? That it has gone to an underwriter?

Thrugelmir

Process seems standard.

GuyLondon84

Unknown error

zzzLazyDaisy

eThe debt was in your name? In that case it is your debt, and your default. So now it is showing on your credit file (it is not clear to me why it wasn't showing before).

Anyway, unless the entry is a mistake - in other words it was in fact a default on a debt in your gf's name that has somehow found its way onto your credit record, you cannot apply to have it transferred to her.

You need to bring this to the attention of your mortgage broker pronto, because the even if it doesn't do another check right now, the lender WILL do another credit check before sending the money to your solicitor to complete on the purchase, and can still withdraw the mortgage offer. That leaves you having incurred fees and no way to complete the purchase.

If you tell your broker now, they may be able to sort it out with the lender, or find you another lender. This is not a time to be hiding your head in the sand and hoping it will go away. It won't.