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Nationwide Referral
Comments
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its so life destroying, I fear for my buyer walking away because of the time delay. hey ho its a fresh new day tommorow0
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Well we finally had an answer tonight and after such a long wait it was declined!! Gutted.0
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Oh gutted for you, it don't hold much hope for me then, my answer should be later today0
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They won't lend the amount you requested, or they won't lend at all?Well we finally had an answer tonight and after such a long wait it was declined!! Gutted.
To a broker, decline means they'll offer nothing.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Hi Kingsteet,
I am awaiting my decision on DIP refer done through my broker, I didn't realise but from your post I am assuming nationwide will come back to my broker with a maximum loan if my DIP is accepted?0 -
Sorry, Kingstreet!0
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You don't get a refer for an affordability issue.
The system would show a decline, but allow the broker to change data to reduce the amount of borrowing/loan to value to see if then passes.
Once you have a refer, that's Nationwide asking for data to determine if it will lend, not how much it will lend.
You can get a refer for a borderline credit score; recent address change/not on voter's roll; an Experian address targeting issue as happens with flat number/building name/building number issues etc.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Mine was for a low credit score, I am putting down 16% deposit though which is £38400 from equity from our house. Apparently I have a low score because I have lots of settled credit accounts, never missed payments or anything. I am just a bit prudent and would open new accounts to get 10% off ect, pay them and close them! Me and my husband do have a joint loan but we have the money in the bank to pay it off, they have requested proof we can pay it off and we have provided it. Just waiting on a final answer now!0
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We have been on the electoral role for 8 years since we brought our first house so its not that, funny I had the same problem when we first brought our house because I had no credit history.0
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