Help! Nationwide mortgage panic!

hyderliz

Hello!

If anyone is familiar with the Nationwide mortgage system and can offer advice I would be grateful!

DIP accepted a couple of weeks ago, full mortgage application completed and submitted on Wednesday. I have been keenly following their online mortgage tracking system, and after coming up with things like 'Solicitor instructed' 'Valuation instructed''employment details confirmed' it has now come up with 'decision in principle declined'???

This was accepted weeks ago, why would Nationwide be going back over old ground? Or does this mean mortgage declined?

Will it already have gone to the underwriter for this to have happened? We haven't even had the valuation yet?

I can't seek advice from Nationwide until Monday now so if anyone has been in a similar situation, knows what a declined mortgage looks like on their system or is familiar with the order of process please help!

Thanks

Liz

mandyy

mine is a bit more advanced but similar. nationwide seem to have a history of this according to a lot of unhappy customers though. most had paid for the surveyor before being told

amnblog

No one but Nationwide can advise you on this unfortunately.

Call them tomorrow.

It could be, and probably is, as simple as a mis key of information.

hyderliz

You were exactly right Amnblog... Nationwide underwriters failed to include my partners London waiting as well as putting in too much for student loan payments, hence the decline.

Fortunately the lovely mortgage consultant in our local branch sorted it out...all back on track!

kingstreet

As the case progresses and data is received, it is re-DIPped at each point an often changes to declined, if something does not match what has been declared, or they miss something.

I had one case recently where it sat on "declined" for three weeks while we tried to get an employer to sign an employer's reference and put their name in the correct box.