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Own bank mortgage
0400772
Posts: 12 Forumite
Is it more likely to get a mortgage acceptance through your current bank? Thinking out loud, but wouldn't they have more information on you as a person and therefore be able to boost their internal scoring system compared to just what credit agencies say?
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Comments
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If you have a thin credit history, then it could possibly offer a very slight advantage. But people with thin histories tend not to get mortgages anyway.0
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Using your own Bankers sometimes makes matters swifter. It does not turn 'no's' into 'yes's'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 -
You bank with NatWest. You want to buy on Shared Ownership. You go to NatWest and it tells you it doesn't lend on Shared Ownership! Back to square one.
Same with HSBC and Help To Buy - Equity Loan.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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