Any NatWest reverse credit experience

Lckuj2018

Any brokers have experience of NatWest accepting their clients with a satisfied CCJ? 

I’m reading so much conflicting stuff. Just wanted to see if anyone’s had any success with them? we have an AIP with them 3 times, and put full mortgage app in just waiting. 

Do I get my hopes up or not?

MovingForwards

Trust your broker, they wouldn't have put you with NW if they didn't think you stood a chance at getting an offer.
https://forums.moneysavingexpert.com/discussion/6391673/natwest-aip-with-a-ccj#latest

PXP

@Lckuj2018My partner has two satisfied CCJs, but we were able to get a mortgage with NatWest last year, so they do take it into account.

Good luck 

ACG

I have plenty of examples. 
They were my go to lender before covid hit for customers with minor historic (and satisfied) adverse. 

After covid, they went terrible and were being very picky. It would be interesting to hear how you get on, its been a while since I tried with them due to their terrible turn around times at the moment. 

Lckuj2018

ACG said:

I have plenty of examples. 
They were my go to lender before covid hit for customers with minor historic (and satisfied) adverse. 

After covid, they went terrible and were being very picky. It would be interesting to hear how you get on, it’s been a while since I tried with them due to their terrible turn around times at the moment. 

I will let you know how it goes

Lckuj2018

PXP said:

@Lckuj2018My partner has two satisfied CCJs, but we were able to get a mortgage with NatWest last year, so they do take it into account.

Good luck 

Ah that’s reassuring to hear. My partners CCJ was a big one at £1300 and I know thats allot when it comes to mortgages but it wasn’t his fault. It was an old credit union writing to his old address. Payment history isn’t even showing on his credit file. 

If you don’t mind me asking, what was the value of the CCJs and how old? 

Thanks 

Lckuj2018

ACG said:

I have plenty of examples. 
They were my go to lender before covid hit for customers with minor historic (and satisfied) adverse. 

After covid, they went terrible and were being very picky. It would be interesting to hear how you get on, its been a while since I tried with them due to their terrible turn around times at the moment. 

So, can I ask, (I don’t want to hound my broker) would the CCJ have shown or been considered on the soft search when we got the AIPs? 

Also, if the hard credit search was done last Thursday and we didn’t meet their criteria would we have known we were unsuccessful already? 

thanks 

ACG

Halifax do not have hard and fast rules on defaults/CCJs. Although they do generally not like unsatisfied adverse. 
If it has passed the credit check, it should have been picked up and passed the scoring. If it has got past that, then its down to the underwriter, but I have only had one application with natwest declined due to underwriters discretion... And they accepted an application a month later for the same customer. 

Lckuj2018

ACG said:

Halifax do not have hard and fast rules on defaults/CCJs. Although they do generally not like unsatisfied adverse. 
If it has passed the credit check, it should have been picked up and passed the scoring. If it has got past that, then its down to the underwriter, but I have only had one application with natwest declined due to underwriters discretion... And they accepted an application a month later for the same customer. 

Just had and update and it’s gone to ‘refer for manual underwriting. 

Is this bad? 😳

ACG

Natwest manually underwrite every application as far as I am aware. 
Are you getting an update from a broker or their tracker? 

Lckuj2018

Broker. He said that it could be due to the CCJ flagging up or the poor credit on my partners side. 

I guess I am asking you as I don’t want to be a nightmare client for him 😂