Bad Credit - Good Mortgage obtained

Samsung_Note2

Ohhh i was told by my mortgage adviser that Nationwide were very choosy on who they took...esp with negatives on credit file.

Hence the decision to go with Halifax.

kingstreet

Yep. I wouldn't have gone anywhere near Nationwide with this case. The cost of the speculative hard search would have outweighed the chances of success for me...

ACG

Im not sure I would have tried Nationwide either, although I suppose if you have some history with them and knowing how Natwest and Halifax have tightened up recently it might not be a bad shout.

Boppin - Speak to a Mortgage broker. They may be able to do a consolidation loan to get your repayments down. Your equity could be eaten up by higher rental payments?

Finchy2018

We've just got our mortgage offer for the same rate with Nationwide, also a 15% deposit.

EE hadn't cancelled my contract with them correctly so I was showing 3 months arrears, luckily a phone call to them and they refunded the balance and closed the account correctly - but that's not showing on my file yet, I was very worried it would mess up my chances. I was so pleased when we did get accepted, the condition of the offer is to clear the £77 balance on my CC which is not an issue at all.

scotgal30

Ive got to say my broker was very confident we would be successful? Maybe just good luck? Obviously she did say that the 15% would help us obtain a mortgage rather than a 10% / 5% which both would be out of bounds for us im positive.

No extra information was requested, I’m ecstatic.