Should I wait 2 weeks

ELToro

DIP agreed and Nationwide require bank statements from us both.

Last month my account was 700 OD in agreed limit and now out of it. But it would show on the last months statement. My other half has over 2k in her account with bills coming out.

We have been accepted so far for a 263k mortgage we are putting down 15% so the house we are buying is 310k. We are selling our current house and will have our deposit from that around 50k equity.

Clean credit history no outstanding debt, they have confirmed our wage slips and sent them back but just require a bank statement. I get paid in 2 weeks and the account will be a lot healthier.

So to wait or not to wait? We have paid our solicitor for searches and and we have booked the product we want from Nationwide.

kingstreet

Irregular use of an agreed overdraft should not be a major issue. However, waiting until the offending item has dropped off your rolling month history would be prudent, even if it might not be essential.

ELToro

Thanks Kingstreet, its annoying but my fault....

They called chasing them today I asked a few more questions which they were quite unhelpful on, should of gone down the broker route but I knew the product and mortgage I wanted so thought it may be easier this way.

WRONG!!!

mak12345

I'd wait 2 weeks, just tell them that you are waiting for the bank to send you an official statement.

ELToro

mak12345 wrote: »

I'd wait 2 weeks, just tell them that you are waiting for the bank to send you an official statement.

Yeah thats what I have stated to them.

I understand the MMR rules but the mortgage we are applying for has the same rates and payment I had 7 years ago with them, with the exception our combined salary has grown 25k....

mak12345

El Toro I agree with you but there does seem a lack of common sense at the moment. I am just in the final process with Nationwide but who knows whether they will approve our application or not.

ELToro

mak12345 wrote: »

El Toro I agree with you but there does seem a lack of common sense at the moment. I am just in the final process with Nationwide but who knows whether they will approve our application or not.

Yeah just find the whole mortgage process a bit of a joke really, I know someone from Nationwide and he suggested wait it out as it could lead to a decline and a whole new application.

What I do find funny with the process is that we were asked for wage slips a week ago, credit score get accepted then ask for more documents. I just asked it wont have the deposit in my bank account (50k+) as our house is in the process of being sold. He said that may be an issue but will let me know.....