Nationwide DIP declined

Kenny86

Hi

Need some advice. I completed a DIP last night for nationwide and to my shock it was denined twice in a row even after change the amount to borrow.

I spoke to the bank today and they said its due to undisclosed credit agreements.

So checked my credit file and my Barclays home insurance is down as an unsucured loan for £120! I didn't declare this. Also I have a credit card but pay this off in full each month.

Does anyone know if I'm likely to get accepted by nationwide if I try again? Also do I need to disclose the credit card? Their advisor said yes but the website says no if I pay it off in full each month.

I wouldn't have thought a £20 credit agreement meant I was declined.

Any help great fully received.

Ps. Got to stick with nationwide as they are the only lender I can find that will accept a job offer 3 months before start date as proof of salary

goodwithsaving

Find a broker. Don't attempt again without one as if you get another decline you could enter the spiral. A broker may also direct you to another lender who accepts written offer letters as income evidence.

Malmo

You really need to find a good broker for your case.

One suggested method (as well as Google), is to follow the steps in this post.

dancingfairy

Trouble is, presumably you've now got 2 black marks on your record due to having been turned down? This is going to, unfortunately make it even harder.
What you must do is therefore make a considered, targetted application and not rush out to the first place you find. Consulting a broker is probably a good idea as they should be able to give you a good guide as to who is likely to accept you.
df