Nationwide HELP

AMO77

Hello friends.
Advice needed.
Recently passed DIP from Nationwide and I notice they did a full credit score before giving the DIP acceptance.
That was a Thurs, mortgage application was made a few days later on Tuesday. Valuation carried out on Thursday and came back as satisfactory.
I realised today that I defaulted on a tesco bank loan 7/8years ago and it's not on my credit file (score was 999 when Nationwide scored me). However my bank statement requested by Nationwide shows a DD to Tesco Bank for £152. I cleared the tesco bank loan a few days before getting my DIP.
Questions are: obviously the default is dead, and as of two weeks ago, the account is settled. If they are going through my bank statement, will they query the Tesco DD as I didn't mention it in my application to my broker. I totally forgot about it, it's not on my credit file, and now it's all settled.
FTB for a 30% in a new flat. Deposit £60k and mortgage requested is £86,700
Many thanks in advance for any help. I'm a total stress head

ACG

If they question it just tell them its an account that is now settled.

Ignore the default it would not have been picked up.

AMO77

Many thanks ACG.
I had a moment of blind panic. Everything else is all fine.
Do Nationwide do any underwriting before valuation or is it all done after? Ie might this have been picked up between applying for the mortgage fully last Tuesday and the valuation coming back as satisfactory today? Bank statements show I'm never in my overdraft.

ACG

If it passes credit check its done after the valuation I think - im not a massive user of theirs to be honest (most of my business is bad credit).

AMO77

Broker is confident that because of income of £39k, and £60k deposit for 30% shared ownership (required mortgage £86700) we should be fine. I did have £1,800 on my barclaycard (limit of £12 k and this has now been cleared) and £8,200 on a Barclays loan (also recently cleared) but I am now debt free. Never missed any payments on either. Praying it goes through ok. A

sparks11

I have late payments on my file from 3 years ago - not a default, but much more recent. My husband and I sailed through DIP with nationwide and they never asked us for anything other than one month's bank statement and three month's payslips. Underwriting was done after valuation. Quite some time after, I think just to increase my blood pressure. We had no tricky queries, in fact they didn't ask anything other than for me to confirm the salary sacrifice on my payslips is my pension. Had the offer within three weeks. Obviously I can't say you'll be fine, but hopefully it'll give you some comfort knowing a recent story with someone with a bit of a past issue being ok

AMO77

Many thanks sparks11. Appreciate you taking the time to post.
Nationwide have requested more recent bank statements and payslips as they have ones submitted 2 weeks ago when DIP was applied for. They also want April payslip. Requested these today.
Luckily they are one of the lenders who don't penalise for pensions. I have small contributions. Also I keep reminding myself, I am applying for 2x my salary and am providing a 41% deposit, with a clean credit file and all debts (£10k) cleared before completion.
This whole process make you really question your very existence lol

AMO77

Valuation approved and now with underwriters at Nationwide, who, broker said in an email that looked like a copy and paste text email, have written to my accountant with some certificate. I've been clear that I am salaried and also do my own accounts, hence the 3 years SA302s I have given...
Weird. It was with one guy who got me a DIP, and now it's company policy for my case to go to another (very friendly) man who "takes it to completion". Them waiting is killing me.
Anyone else know if the SA302 s will be satisfactory for the underwriters, and broker email likely a copy and paste error. Broker hasn't replied with anything when me reminded them I do my own accounts, some figure it's an error.,,hoping so

sparks11

I'd check that your broker has uploaded your SA302s. We had a similar issue. Husband is a director of a limited company, and does his own accounts. We had given broker 3 years of his SA302s, then Nationwide wrote to his company's accountant. Turned out our broker hadn't given them the SA302s, but they were happy to accept them once the confusion re accountant was cleared up.

AMO77

Thanks again Sparks! I think because it's been passed to another broker for the final phase, some miscommunication has occurred. They have sa302s. What I want to know is, as I do my own accounts, and don't have an accountant, who have they sent their certificate to? Lol