Nationwide Criteria

tillyismyname

We were declined for AIP last week with Nationwide but after a lot of chatting with the mortgage advisor over the phone and documents sent over for the underwriters to look at they've now agreed to this is principle. We have our interview next week, the underwriters have 3 months bank statements each and our accounts, I also sent over my credit file as it was missed payments on a Next account 12 months ago which the computer declined it on instantly. We are already Nationwide clients. My question is how likely is this to get over the line? Our affordability on paper is fine, we are looking for 85% LTV. Im worried this is a waste of time, Ive did some soft searches and Lloyds is coming up as an excellent chance of obtaining a mortgage. If this doesn't go through Ill go through a broker, the only reason I went direct is because we are clients already. Thank you

sannytwist

Personally if l have already been declined once before, l'd go to a broker. Normally, they have inside contacts with some banks and lenders. If there is a reason for decline they would be able to tell you why. A tip, go to a small local mortgage broker, l find these businesses appreciate you more and work harder for you.

tillyismyname

Thank you for your reply, when it was declined I probed and the mortgage advisor not he phone went to the underwriters, this is when it was then approved as we sent int he documentation we needed. It was only declined once but overturned so to speak

kingstreet

You should be fine if the documents you supply to back up the rest of the information match what was submitted.