Declined by Natwest who else is accepting overtime?

sunshine900

We had a DIP with Natwest but were declined at the application stage due to a 10 year old cc default with RBS who are now part of Natwest 
Does anyone know which other lenders are accepting contracted overtime and bonuses? We are key workers not affected by the current situation but a lot of our income comes from overtime 

Carl2510

I’m guessing you didn’t use a broker or you’d be asking them

haras_n0sirrah

Other lenders are accepting overtime
Speak to a broker

Trina90

Nationwide did with us. 20% of our income is regular overtime and they factored it in.

520d2012

Barclays are - just had mine with them. May need P60 to show pay is sustainable 

520d2012

In fact I’m sure HSBC are also taking OT now. They only did this for NHS up until a couple of weeks ago, but I think they take 50% OT now

jazzyja

sunshine900 said:

We had a DIP with Natwest but were declined at the application stage due to a 10 year old cc default with RBS who are now part of Natwest 
Does anyone know which other lenders are accepting contracted overtime and bonuses? We are key workers not affected by the current situation but a lot of our income comes from overtime 

Declined for a 10 year old default?! Really? this gives me zero hope 

Thrugelmir

jazzyja said:

sunshine900 said:

We had a DIP with Natwest but were declined at the application stage due to a 10 year old cc default with RBS who are now part of Natwest 
Does anyone know which other lenders are accepting contracted overtime and bonuses? We are key workers not affected by the current situation but a lot of our income comes from overtime 

Declined for a 10 year old default?! Really? this gives me zero hope 

Historic defaults are taken into account when considering new applications for credit within the same banking group. 

SpreadableToast

jazzyja said:

sunshine900 said:

We had a DIP with Natwest but were declined at the application stage due to a 10 year old cc default with RBS who are now part of Natwest 
Does anyone know which other lenders are accepting contracted overtime and bonuses? We are key workers not affected by the current situation but a lot of our income comes from overtime 

Declined for a 10 year old default?! Really? this gives me zero hope 

It was a default with the same lender that they were applying for a mortgage with.  It's not surprising really, banks do keep records of "bad customers" for far longer than these things show on your credit file.  It doesn't mean they or you can't get a mortgage with another lender, they (and you) just shouldn't be applying to lenders (or lenders within the same group) that they've "screwed over" in the past.

jazzyja

SpreadableToast said:

jazzyja said:

sunshine900 said:

We had a DIP with Natwest but were declined at the application stage due to a 10 year old cc default with RBS who are now part of Natwest 
Does anyone know which other lenders are accepting contracted overtime and bonuses? We are key workers not affected by the current situation but a lot of our income comes from overtime 

Declined for a 10 year old default?! Really? this gives me zero hope 

It was a default with the same lender that they were applying for a mortgage with.  It's not surprising really, banks do keep records of "bad customers" for far longer than these things show on your credit file.  It doesn't mean they or you can't get a mortgage with another lender, they (and you) just shouldn't be applying to lenders (or lenders within the same group) that they've "screwed over" in the past.

Ahh i see. I genuinely didn't know records could be kept so far back! (Naive!). Im hoping to apply next year when my default from a catalogue drops off. So when I saw this I panicked! 

MinuteNoodles

jazzyja said:

Ahh i see. I genuinely didn't know records could be kept so far back! (Naive!). Im hoping to apply next year when my default from a catalogue drops off. So when I saw this I panicked! 

Lenders can keep individual records for eternity. It is your "public" credit record with the credit reference agencies where they have to be removed after 6 years. If you apply for a loan with a lender you defaulted with in the past they're perfectly entitled to use any information they have regardless of it's age to make a decision. A different lender wouldn't see that default if it was over 6 years old so you'd be fine with them.