Accord mortgage application - late payments on credit file

heatherdob

Hi guys,
Just looking for any advice or previous experiences.
I applied for a mortgage in principle with Accord which got referred to an underwriter and then accepted?
I have now submitted the full application.
My experien credit score is 962 of 999 but I had a late payment in Dec and Jan just to an error with my direct debit which I was unaware of. They were literally 2 days late but I don't think this matters?
The underwriter when reviewing my aip was aware of this.
What are the chances of them deciding to decline me on the full application.
My broker said it shouldn't be a problem but their lending criteria online says "no missed payments within the last 24 months" so I'm a bit confused why I would have been given an AIP.
I'm apply with a 15% deposit and minimal debt.

Any advice would be amazing as I'm currently stressing and have all weekend to wait.
Thank you

Rosiessmith

Hi, just wondering how you got on? Hope all is well. 

csgohan4

An AIP is not a complete check, only on full application will you know. 

Did your broker not request your files before submission?

Adam200

Hi @heatherdob wondering if your process was successful in the end with accord ? 

We are in a similar situation got our DIP referred and then approved the next day. Submitting full application today.  

Have recent missed payments on credit file but all disclosed to broker before applying with accord and no issues raised yet. 

Thanks 

K_S

Adam200 said:

Hi @heatherdob wondering if your process was successful in the end with accord ? 

We are in a similar situation got our DIP referred and then approved the next day. Submitting full application today.  

Have recent missed payments on credit file but all disclosed to broker before applying with accord and no issues raised yet. 

Thanks

@adam200 Accord are a rare breed, a common sense mainstream lender with very competitive rates. Even though their published criteria mentions the "no missed payments in 24 months", it's not a straight decline. In most cases, the underwriter will ask the broker for a reason for the markers and if it sounds ok, go on with the app.

Adam200

Thank you @K_S you have been very helpful in this forum! 

Hopefully it all goes well for us.