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Mortgage Application Declined - Should we go to a broker next time?

EmmaKM · 2015-04-26 08:35:25

My boyfriend and I applied for a DIP and it got declined. It was the Nationwide we went with because it's where we have all our accounts including our mortgage savings account (Save to buy). The person who was submitting the application for us couldn't really give us an explanation for why we got declined other than,…

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Verix Posts: 241 Forumite

27 April 2015 at 12:35PM

Nationwide are often a bit funny if you have a large amount of debt even if it is being cleared. PCP's are often for more than it seems when you have one due to the potential balloon payment at the end of the initial term.

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.

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