New mortgage with defaulted banking group

Bluebayou

Around 7-8 years ago I stupidly defaulted on an overdraft with the Rbos with my now ex wife. The account was marked as settled on my credit file and has since fallen off although I never cleared the outstanding balance. I am now happily remarried and am looking to buy a new house. My broker has presented a good deal to me with Natwest however I know this is part of the Rbos group. Will this old account come back to haunt me if I apply for a mortgage with them and am I best looking elsewhere or generally speaking would I be ok? I haven't mentioned this blip to my broker yet but think I might have to.

Thanks.

ACG

Its difficult to say, I have placed Mortgages for people who have defaults with Natwest in the past, I cant remember who they were with but they are not an automatic decline.But let your broker know and see what they say.

Bluebayou

Should have mentioned my credit and history was and still is perfect apart from that one bad error of judgement.

Bluebayou

Thanks for the quick reply, I think I will have to speak to my broker as I am kind of worried about it. I already have a dip from my own bank (TSB) but spoke to a broker today who can beat them hands down for much better deals.

Bluebayou

Spoke to my broker today and he thinks there's nothing to worry about as it was nearly 8 years ago and although the same group they don't really talk that much together. I'm still not convinced but am going to go with his instincts.

Thrugelmir

Bluebayou wrote: »

Spoke to my broker today and he thinks there's nothing to worry about as it was nearly 8 years ago and although the same group they don't really talk that much together. I'm still not convinced but am going to go with his instincts.

Natwest is part of RBS not HBOS ( part of Lloyds now).

Plenty of talking goes on internally. Modern technology has meant that maintaining black lists is a straightforward task. Like elephants some lenders do have long memories. In their interest too.

David_White

RBoS = Royal bank of Scotland:
This is part of the Royal Bank of Scotland group which includes Natwest.

BoS = Bank of Scotland:
This is part of the Lloyds banking group that includes Halifax and Bank of Scotland (used to include TSB also but not anymore)

There is no connection between Royal Bank of Scotland and Bank of Scotland.

I used to work at RBS and we'd get post for the BoS branch down the road everyday!! :mad:

Bluebayou

Spoken to my broker again today and have now got the same deal with Virgin. He still thinks the banking groups don't talk that much but from reading the forums here I think he's not right. Thanks for all your help ��

maff39

We had a situation with Natwest whereby they gave us a DIP, were happy with affordability and credit score etc then an underwriter picked up on the other halves account conduct on a student account where a small overdraft ended in default 10 years ago, came off her credit file about 4 years ago, but declined us due to conduct.

Bluebayou

maff39 wrote: »

We had a situation with Natwest whereby they gave us a DIP, were happy with affordability and credit score etc then an underwriter picked up on the other halves account conduct on a student account where a small overdraft ended in default 10 years ago, came off her credit file about 4 years ago, but declined us due to conduct.

Thanks, this has confirmed what I kind of thought.

David_White

maff39 wrote: »

We had a situation with Natwest whereby they gave us a DIP, were happy with affordability and credit score etc then an underwriter picked up on the other halves account conduct on a student account where a small overdraft ended in default 10 years ago, came off her credit file about 4 years ago, but declined us due to conduct.

I'm assuming the student account was with Rbs or Natwest?

Your partner will be on a list held within RBS group in this case and for the foreseeable future will not be able to get credit with them.

Being off their credit file however it will have no impact on getting credit outside of the RBS group.