We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Nationwide DIP

LuckyG
LuckyG Posts: 226 Forumite
edited 24 April 2017 at 11:05PM in Mortgages & endowments
I've recently had a DIP with Nationwide and it's been accepted, my credit history is fine with no defaults. However, I'm about to pay off in full a £600 debt from over 10 years ago (this is not on my report).
My question is, if this is paid off before I complete and submit my full mortgage application, is it essential to mention it.

Comments

  • Nikkinakkinoo2017
    Nikkinakkinoo2017 Posts: 93 Forumite
    Hi. I am no expert but I would imagine there is no need if it isn't on your report and wouldn't need to be taken into consideration for affordability? Good luck with your application. X
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    What is there to notify? An amount you don't owe someone ? Why would you mention that ? You only mention loans you have not ones you don't have !
  • LuckyG
    LuckyG Posts: 226 Forumite
    edited 25 April 2017 at 9:01AM
    I think I'm overly worried.

    Obviously previous payments will be on my recent bank statements and I thought they'd be questioned. I am banking with Nationwide so they've probably noticed it already.

    Thank you for the help though
  • ACG
    ACG Posts: 24,690 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    If you bank with them then its not a problem as they will know about it. So whatever you do, they will know about it.

    They may ask what the payments are for. They may also ask for confirmation it has been cleared in full (so get a letter from the company).
    I am a Mortgage Adviser
    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.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.2K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture