Mortgage gone to underwriters - late payment account

sophie9191

Hello - My partner and I have an AIP from NatWest - I had the 2 hour meeting with the mortgage advisor on Thursday and she said she had our credit report , pay slips etc in front of her and she is pretty certain we will get approved. A hard search was done the day I spoke to her.

The one thing that is worrying me is I have a late payment on my file from a water company for £67 - I didn't realise it was on there until this month as they reported to a different credit reference agency than I had been checking . The late payment is originally from 2013 and is dated to when I had actually moved out the property. But as it is not paid they started reporting a late payment on my file every month from July 17 (as this is when they started reporting on files ). I told the advisor and she said it won't be a problem , this morning I have called the water company and they have sent me an email stating when the late payment is from and that they didn't chase me on the debt .

So my question is do you think this will stop us getting approved ? I have some credit card debt and my bf has a loan , but we are still way withinin our affordability range , the advisor said we could have borrowed another 150k and the payments will be 300 less a month than we pay now in rent . NatWest have booked our valuation for this Wednesday.

Thanks

ACG

If they have booked the valuation, it does not sound like you need to worry about the late payment.

...A 2 hour meeting! Did you not run out of things to talk about? :P

LRmortgage

Lol ACG!
I was with a client this morning for 45 minutes and he was glazing over by the end... what happens in a 2 hour meeting? Do you get lunch or dinner with the advisor?

ACG

I have a few jokes and a laugh along the way and still get through an average meeting in an hour give or take. I think my quickest was 20 minutes as they had filled the paperwork out already so short of skimming over it there was little else to do. 20 minutes was with me dragging it out.

I remember once having a meeting that took an hour and 45 minutes and that was because the customers had prepared nothing and had to go hunting for bank statements and payslips whilst I was sat in their living room having an allergic reaction to their cat, dogs, or birds... Runny nose, red eyes, itchy throat. Would you believe that does not make my top 3 worst appointments.

LRmortgage

Oh dear, that doesn’t sound fun.
I try to do most of my appointments at my office these days unkess the client is easily on my route home or nearby where I live.

sophie9191

Thank for coming back ...It was with NatWest...they said it would take 2 hours before I went so it wasn't just me over talking I hope haha. She was asking lots of questions if we are having children soon, work promotions , if we enjoy work etc ! I had uploaded pay slips etc online so she had looked at these ahead of the meeting.