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Skipton DIP Unsuccessful.

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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.

Comments

  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    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 Adviser
    You 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.
  • Thanks GSM,

    Managed to get through to someone on the phone and the DIP was approved.

    Panic over!
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