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Natwest mortgage with defult
farfromhome19
Posts: 1 Newbie
Hello!
I suppose, like most, just looking for some thoughts...
our situation:
My husband and I are FTB buying a new build with a 5% deposit (20k) which is a mixture of a gift from my parents and inheritance from my grandma (both from the US). We have also applied for the help to buy equity loan (78k) and we have since received the Authority to proceed). I am a US citizen with indefinite leave to remain and my husband is British. We have a combined income of £97,000 a year with 1 kiddo and very stable jobs. We don’t have any car payments or finance apart from my husband has a small personal loan (used to consolidate some debt) and we both have credit cards (not maxed out and on zero percent- we balanced transferred)
the not so great stuff:
I have 1 default on my credit registered in 2016 and has since been satisfied (I completely forgot about an over draft on an account). Upside everything else is on time etc- my husband has perfect credit.
We have applied for a mortgage of about £282,000 with NatWest through a mortgage broker (after receiving a DIP). The application went in on 14/10 and the valuation has been booked for 18/10. There was a hard check on my credit report when we received the DIP.
Essentially, I keep waiting for the bad news that because of my default we won’t be approved.... thoughts? I had false hope when the mortgage broker sent through the case report and the decision was “accept” subject to checking my visa status...
I suppose, like most, just looking for some thoughts...
our situation:
My husband and I are FTB buying a new build with a 5% deposit (20k) which is a mixture of a gift from my parents and inheritance from my grandma (both from the US). We have also applied for the help to buy equity loan (78k) and we have since received the Authority to proceed). I am a US citizen with indefinite leave to remain and my husband is British. We have a combined income of £97,000 a year with 1 kiddo and very stable jobs. We don’t have any car payments or finance apart from my husband has a small personal loan (used to consolidate some debt) and we both have credit cards (not maxed out and on zero percent- we balanced transferred)
the not so great stuff:
I have 1 default on my credit registered in 2016 and has since been satisfied (I completely forgot about an over draft on an account). Upside everything else is on time etc- my husband has perfect credit.
We have applied for a mortgage of about £282,000 with NatWest through a mortgage broker (after receiving a DIP). The application went in on 14/10 and the valuation has been booked for 18/10. There was a hard check on my credit report when we received the DIP.
Essentially, I keep waiting for the bad news that because of my default we won’t be approved.... thoughts? I had false hope when the mortgage broker sent through the case report and the decision was “accept” subject to checking my visa status...
0
Comments
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Hi do you have an update? Will be applying tomorrow with a 5 year settled default and fair credit score, husband has excellent credit score0
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