Mortgage with NatWest 10 years after bankruptcy

boochops

Hi,
 I hope someone is able to offer some advice please? 

I was discharged from bankruptcy in July 2011. I am currently living with my partner in a property mortgaged in his name only. We have 2 children & have had an offer accepted on a property we are hoping to buy in joint names. My partner has equity in the current property and we have spoken to NatWest who advised to port the mortgage and add me onto the mortgage. We do not need to borrow anymore money & our loan to value would be around 40%. We applied yesterday, my credit score has been steadily building since my bankruptcy, it is now excellent and we have easily passed affordability, both our current accounts are with NatWest. My worry is that now I’ve disclosed my bankruptcy it’ll be declined by the underwriter. We now have a anxious wait. Does anyone have experience of getting a mortgage with NatWest after bankruptcy please?

Many thanks in advance.

MovingForwards

This is their lending criteria for those with adverse credit:

Adverse credit

We consult credit reference agencies to look at credit and bank account conduct. 

We will not consider applications from individuals who have been subject to a bankruptcy order or an Individual Voluntary Arrangement in the last six years.

We can consider applications where one or more applicant(s) has a history of unsecured loan arrears. Subject to credit checks and bank account conduct carried out by an underwriter

Were NW, or their banking group, part of your bankruptcy order?

ACG

You have passed the credit check with Natwest, that is the biggest hurdle.
Assuming your bank account is in credit and managed well I would be very surprised if they would decline you now. 

As MovingForward asks though, were Natwest/RBS/Mint credit cards part of the bankruptcy? If they were, then they have a general rule where it is an automatic decline if they have ever had to write off a penny in your name. That would usually get picked up at the DIP stage though so it does not sound like they were? 

boochops

Thank you for your reply. I hadn’t realised RBS were part of the same group of banks, I had an RBS loan as part of the bankruptcy but not a mortgage. Not sounding too good, I should have done more research first! Application is done now, credit checks passed & DIP agreed but I guess I should prepare for it being picked up & declined at underwriting stage. Thanks again.