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NatWest vs Halifax - which is best?
ellison007
Posts: 66 Forumite
My understanding is that Halifax is one of the most forgiving and flexible high street lenders, is NatWest too?
My wife banks with NatWest and I bank with Halifax. We are FTB's and have decided to apply with NatWest. Neither of us have any defaults, CCJ's etc. or indeed any outstanding credit card / loan balances / recent missed payments.
I have AP (arrangement to pay) markers tho' from a Black Horse HP loan, balance now cleared tho' and account closed in Feb 2016.
We've done DIP's in branch with mortgage advisors at both Halifax and NatWest and passed the soft credit search.
Just wondering what experiences people have had with NatWest? Are they strict? Or, flexible?
Thank you for your help.
My wife banks with NatWest and I bank with Halifax. We are FTB's and have decided to apply with NatWest. Neither of us have any defaults, CCJ's etc. or indeed any outstanding credit card / loan balances / recent missed payments.
I have AP (arrangement to pay) markers tho' from a Black Horse HP loan, balance now cleared tho' and account closed in Feb 2016.
We've done DIP's in branch with mortgage advisors at both Halifax and NatWest and passed the soft credit search.
Just wondering what experiences people have had with NatWest? Are they strict? Or, flexible?
Thank you for your help.
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Comments
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Black Horse is part of the Lloyds banking group. Halifax likewise. Possibility that the outcome maybe influenced.0
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With an AP in your history do not assume that either will issue you a full mortgage offer.
Get a broker to assist you.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
Thank you amnblog; that's a fair comment. AP's don't look great!
I have engaged informally with three separate brokers & Halifax and NatWest were mentioned by all of them.
Our strategy is to approach high street banks in the first instance prior to the more specialist lenders such as Precise or Aldermore etc. Furthermore, NatWest have a very good Direct Mortgage Advisor to whom you can throw questions at via email or telephone prior to making a full app in branch. He is aware of the AP marker on my CR and he says it's not a problem but, no guarantees of course.
Let's see what happens. I just don't fancy the specialist lenders; it seems desperate - if we have to go down that route fair enough but, I will try my best to avoid them to begin with.0 -
Halifax seem an odd choice to me given your history with them.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
ellison007 wrote: »
Thank you amnblog; that's a fair comment. AP's don't look great!
Let's see what happens. I just don't fancy the specialist lenders; it seems desperate - if we have to go down that route fair enough but, I will try my best to avoid them to begin with.
a broker isn't just there for specialist lending, they will assist you with any additional information and liase with the lender. alot more is left to you if you go direct0
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