Nationwide declined my AIP

romeo21

Hi, so nationwide have declined my mortgage in principle online. They said it was due to credit score and wouldn't tell me any more than that!

I have checked my credit file with all three agencies and they are perfect.

Had anyone tried to appeal with nationwide or knows the process?

ACG

Your credit score with the credit agencies are irrelevent. Every lender uses their own scoring system.

I have never tried to appeal a DIP. I think you would be best finding a new lender.

Is your full address history on your credit report?

Thrugelmir

romeo21 wrote: »

I have checked my credit file with all three agencies and they are perfect.

Forget the scores. They have no value.

Mobeer

Actually you are doing the right thing checking your "credit files" - making sure these have no bad errors is always a good idea.

Waldorf_Statler

Yes, use the credit files to check there are no errors - but Thrugelmir is right; they are irrelevant. Just a brilliantly clever rouse to gather huge the huge amount of detail individuals disclose when they sign up and then package that data up to sell on to marketing companies. So I've heard...

kingstreet

When a lender says credit score, it doesn't necessarily mean there is adverse data on your credit file.

It may mean against the lender's risk profile you don't score enough points for a 95% mortgage, but do for 90% and so on.

Each bit of data you submit carries points towards the total needed. Working for the same employer for the last three years is going to score more than only being in your job six months and so on.

Same with address history. Same address for three years scores more than three addresses in three years.

Speak to a broker to establish your options.