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!
Nervous about mortgage application
Cj1392
Posts: 22 Forumite
Hi all
I’m wondering if anyone has any advice or previous history of applying for a mortgage with credit card debt.
Here’s a bit of history
Have had a natwest mortgage for 5 years and never missed a payment.
AIP from natwest via broker.
Broker declared on application of AIP that we will be paying off all debts with money from equity.
Putting Down a 25% deposit.
Debts total around £12k 9k of which are credit cards.
Has anyone else done this type of mortgage where you agree to paying off debts with equity? I’m so scared of being declined. I have terrible anxiety and I’m a mess today :-(
Are we any more likely to be accepted because we bank /current mortgage/ new mortgage and have a loan with NatWest?
Any advice aprechiated.
I’m wondering if anyone has any advice or previous history of applying for a mortgage with credit card debt.
Here’s a bit of history
Have had a natwest mortgage for 5 years and never missed a payment.
AIP from natwest via broker.
Broker declared on application of AIP that we will be paying off all debts with money from equity.
Putting Down a 25% deposit.
Debts total around £12k 9k of which are credit cards.
Has anyone else done this type of mortgage where you agree to paying off debts with equity? I’m so scared of being declined. I have terrible anxiety and I’m a mess today :-(
Are we any more likely to be accepted because we bank /current mortgage/ new mortgage and have a loan with NatWest?
Any advice aprechiated.
0
Comments
-
If you are dealing with a Broker, they would not put you back with Nat West unless in their Professional experience they expect your case to go through.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
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
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards