Nationwide Mortgage

LZRBOI

Working day 7 for me. Still haven't had my documents approved. The wait is agonising! The lawn needs mowing! ha!

alexsnr

CharFTB said:

We’ve just been rejected for overdraft usage despite not actually being in them anymore. devastating 

So sorry for you!
Was it an arranged overdraft?
Was it a joint application, are you the main applicant?
We are in a similar situation - i am main applicant but my partner has been using arranged overdraft until June, so it does show up on the bank statements unfortunately so i am worried there will be the same outcome
Any information is appreciated!

CharFTB

alexsnr said:

CharFTB said:

We’ve just been rejected for overdraft usage despite not actually being in them anymore. devastating 

So sorry for you!
Was it an arranged overdraft?
Was it a joint application, are you the main applicant?
We are in a similar situation - i am main applicant but my partner has been using arranged overdraft until June, so it does show up on the bank statements unfortunately so i am worried there will be the same outcome
Any information is appreciated!

Thank you, yes, it was an arranged, interest free overdraft which has been paid off. Only used due to a period of unemployment. We are now employed, and in no debt at all. Managed to save etc. But since we had used it they rejected saying it was high risk. It was a joint application. Partner was main applicant but overdraft was mine. We are just going to save for three months and try again in the new year. So upsetting though! 

I think as long as you paid the overdraft off yourself it would be okay. A family member had given us some money (not actually for the overdraft but it helped with it) so Nationwide said we depending on third parties.

CharFTB

WinterInRome said:

CharFTB said:

We’ve just been rejected for overdraft usage despite not actually being in them anymore. devastating 

I’m absolutely gutted for you!!! Wish they could tell you this stuff earlier! But keep positive 👍🏻🎉 We have been knocked back for four years, I’d almost given up and this is the furthest we have got so I’m still hopeful for an offer! Keep trying and pushing your advisor to help you out!

Thank you so much that is so so kind!! Yeah we are going to save for a few months and try again in the new year. We are both employed so by then will have a strong application. Fingers crossed for you too, I’ll be checking back here to see how you all get on!! 💕💕🤞

WinterInRome

LZRBOI said:

Working day 7 for me. Still haven't had my documents approved. The wait is agonising! The lawn needs mowing! ha!

I was told to wait 12 days for mine to get reviewed! I nearly screamed at the lady on the phone 😂 

LZRBOI

WinterInRome said:

LZRBOI said:

Working day 7 for me. Still haven't had my documents approved. The wait is agonising! The lawn needs mowing! ha!

I was told to wait 12 days for mine to get reviewed! I nearly screamed at the lady on the phone 😂 

Ha! Are you just waiting for the offer now? Good luck if so

Yellow_1978

Hi, Just wanted to get opinions..... Is waiting for an offer 28 working days after valuation normal for NW? Has anyone heard of it taking that long? Thanks in advance.

xMeganCL

@CharFTB I'm so sorry to hear that!! Can't believe they took so long to tell you as well 

cherries101

Has anyone had to apply for a mortgage extension with Nationwide? If so did they request to see your payslips or any more evidence? Thanks 

Londoner86

Yellow_1978 said:

Hi, Just wanted to get opinions..... Is waiting for an offer 28 working days after valuation normal for NW? Has anyone heard of it taking that long? Thanks in advance.

I think the average is currently ~22 days however it can vary. 90% LTV seems to take longer as more thorough checks are done. Have you called to chase? Might be worth just seeing where they are with things.