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!
Porting mortgage declined
AnitaMT1
Posts: 1 Newbie
I have just had my request to port my mortgage with Nationwide declined although they have referred it to the underwriters to appeal the decision . They have declined based on my credit rating which is because I'm up to my limit on 3 credit cards. We are moving to a cheaper house that will free up a lump sum of £75000. All our debts will be paid and we are put down a £145000 deposit on a £224000 house. We will be £1400 a month better off with no debt and only 6 years left on our mortgage. It makes no sense to me as to why we would be declined. Has anyone else had this and been successful with their appeal?
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards