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DMP paid off, can't get a mortgage now!
Comments
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kingstreet wrote: »Many lenders won't accept any visible adverse credit, settled or otherwise.
Some will accept the odd default as long as it was below a certain amount and registered more than x years ago.
Did your broker actually look at your credit file before selecting Nationwide?
Sorry to interrupt but can I quickly ask.... Does adverse credit include late payment markers ( 1 month late only)0 -
It might.Terryschocorange wrote: »Sorry to interrupt but can I quickly ask.... Does adverse credit include late payment markers ( 1 month late only)
Depends on lender, loan to value, rest of case quality 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 -
We had a mortgage in principle from Nationwide and paid all arrangement and survey fees etc, it was then rejected a few weeks later but I'm not certain at what point is was rejected.
Oh, ok, that's odd. It was my understanding that the full credit check part was done at DIP stage with Nationwide.0 -
Was the DIP result "accept" or "refer"?
If refer, all the docs would be requested, before a decision can be made. You can submit a full application while on a refer decision.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
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