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Skipton DIP Unsuccessful.
Saltywater
Posts: 47 Forumite
I'm after some advice if I may, we have just applied for a DIP with Skipton online and it was unsuccessful.
I think this is due to putting down our Buy To Let properties.
They are self funding, over 125% rent.
We pass the affordability criteria and are looking for an 85% remortgage for a personal home extension, the DIP application will have put a footprint on our record and don't want to screw it up with any more searches.
Only other outstanding loan is for a personal loan for a car with 2 years to run.
Current lender is Nationwide, not offering great rates at the minute but as we were buying a new build at the time they were the best lender.
Thanks.
I think this is due to putting down our Buy To Let properties.
They are self funding, over 125% rent.
We pass the affordability criteria and are looking for an 85% remortgage for a personal home extension, the DIP application will have put a footprint on our record and don't want to screw it up with any more searches.
Only other outstanding loan is for a personal loan for a car with 2 years to run.
Current lender is Nationwide, not offering great rates at the minute but as we were buying a new build at the time they were the best lender.
Thanks.
0
Comments
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Get copies of your credit files from Experian, Equifax and Call Credit.
Speak to a broker. With other properties in the background lender selection, as you have found out is crucial.I am a Mortgage AdviserYou 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.0 -
Thanks GSM,
Managed to get through to someone on the phone and the DIP was approved.
Panic over!0
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