Nationwide application info

KAP0365

So we just did a DIP with Nationwide as they have preferential 5 year fixed rates. Was accepted for our maximum budget, we haven’t found a property yet. However it said if we were to apply, the only other information needed was my most recent payslip. Nothing for my husband. No mention of bank statements etc. Is this normal or does that request come later? We are not first time buyers 

KAP0365

Hello... Anybody?!

MovingForwards

It's normal, others have asked the question before.

Don't get impatient, not everyone knows the answer and those who do would probably need more than 1 hour 2 minutes to see your first post when looking through the forum due to being at work, gardening, cleaning, reading a book etc.

KAP0365

Sorry, I couldn’t find any similar posts after searching the forums. Wasn’t meant to sound impatient, apologies.

Thrugelmir

Until you make the full application there's no point in speculating what may or not be required. Criteria can change at any time and is very much dependent on the details of the application. 

KAP0365

Thrugelmir said:

Until you make the full application there's no point in speculating what may or not be required. Criteria can change at any time and is very much dependent on the details of the application. 

Thanks, yes I understand but it just says on the DIP certificate documents required for full application and then nothing for my husband and one payslip for me. Just wondered what Nationwide’s standard requirements were e.g I know NatWest are 3 months of everything regardless of individual applications. Thanks for responding anyway

TWIGLET1234

My broker took all kinds of documents from me when we did the AIP so that she had it all on file. At full application I don’t even know what she gave them, but it’s now with underwriter and they’ve asked for even more. (Clarity on my DDs, accountants certificate, proof of child benefit etc etc) My application is with a different lender to yours though, and I’m into my second week of waiting! 

[Deleted User]

Natwest aren't 3 months of everything for a start. 

Nationwide will only ask initially for what's on the aip.  They don't always ask for payslips because they can verify it through access to hmrc and credit data.  Bank statements aren't always required either.  If they ask for payslips it's usually for people they haven't been able to verify centrally. People who are paid differently each month are also hard to verify without documents 

Brokers will always take more so they can be prepared for any questions that come up from a lender.  
During underwriting they can and frequently do ask for more. 

 But it's also possible the case will go to offer with just the payslip requested. 

KAP0365

Deleted_User said:

Natwest aren't 3 months of everything for a start. 

Nationwide will only ask initially for what's on the aip.  They don't always ask for payslips because they can verify it through access to hmrc and credit data.  Bank statements aren't always required either.  If they ask for payslips it's usually for people they haven't been able to verify centrally. People who are paid differently each month are also hard to verify without documents 

Brokers will always take more so they can be prepared for any questions that come up from a lender.  
During underwriting they can and frequently do ask for more. 

 But it's also possible the case will go to offer with just the payslip requested.

Sorry but I beg to differ, we bank with Natwest and have done for over a decade. We initially got a DIP with them but their longer term fixed rates are 1.4% higher than Nationwide; we just wanted the option of choosing a lender (I know the rate isn’t guaranteed until application). Natwest told us as DIP stage that they would need 3 months payslips and 3 months bank statements from my husbands’ other accounts. 

Thanks for your reply though, when we bought our house 5 years ago they wanted everything plus the kitchen sink so we were preparing to do the same. All lenders previously have told us what we would need to apply fully at DIP stage, hence why we were surprised when Nationwide said on DIP that that’s all they needed. Just preparing ourselves a bit

[Deleted User]

I literally submit dozens of applications to Natwest every year.  They can offer a mortgage on a single payslip and do so very regularly. 

They may have said they will ask for 3 months slips and statements from you, but they can do it with less depending on their assessment of the risk. 

KAP0365

Deleted_User said:

I literally submit dozens of applications to Natwest every year.  They can offer a mortgage on a single payslip and do so very regularly. 

They may have said they will ask for 3 months slips and statements from you, but they can do it with less depending on their assessment of the risk. 

Yes I didn’t mean it was standard for everybody, when I said I know NatWest want 3 months of everything that was because they asked us for it. Was just surprised at the lack of requirements from Nationwide. Anyway, appreciate your response, thank you