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First Time Buyer Process

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Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    shell88 wrote: »


    I’m also worried about an AIP as I don’t have the best credit history 

    What issues in particular?

    An AIP does not guarantee a mortgage offer. Perhaps focus on what is achievable prior to actually looking at houses.
  • shell88
    shell88 Posts: 66 Forumite
    Thanks for all of the replies!

    Thrugelmir - i have a default of £350 from August 2012 which has been satisfied and also several payday loans all over 4 years old. Since then everything has been fine! Ideally we'd have got some sound advice before considering an offer but we were not expecting something like this to come up for sale!
  • Regina.filangie
    Regina.filangie Posts: 76 Forumite
    kingstreet wrote: »
    Some lenders carry out a fully-scored decision in principle and carry out no further search when the case is converted to a full application. Nationwide is one such lender.

    Is Natwest one of these lenders??
  • kingstreet
    kingstreet Posts: 39,370 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Regina.filangie wrote: »
    kingstreet wrote: »
    Some lenders carry out a fully-scored decision in principle and carry out no further search when the case is converted to a full application. Nationwide is one such lender.

    Is Natwest one of these lenders??
    See post #9 for the broker perspective.
    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.
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