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 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?

MovingForwards

Just noticed you have the same thread in the mortgages section, that's the better place for it as brokers do comment on threads.

https://forums.moneysavingexpert.com/discussion/6213439/mortgage-with-natwest-10-years-after-bankruptcy#latest

boochops

Thank you for your response it’s much appreciated and for the information, I had seen this on their mortgage criteria. No NatWest weren’t part of BR. I think I just need to wait & hope!!

bradders1983

Did you have a Natwest account (or a RBS account, remember they are part of the same group) as part of the bankruptcy? If so, you may not get one full stop with them, regardless of how long ago the bankruptcy was. Banks and credit houses are known to keep internal lists of bad debtors for much longer than credit files (American Express certainly do as an example).

As an aside, ignoring the above, if it was 10 years ago they probably arent bothered and if they are the notification of discharge will suffice.