NatWest Dip

louj22

If I have had a NatWest dip accepted (not through broker) how likely is it to go through some adverse on my account but wouldn’t that be picked up at the initial search? Thanks 

K_S

@louj22 With a positive DIP, you've got as much assurance as you can get at this stage. In theory the DIP should be based on a soft-footprint credit check which should have picked up any adverse in the last 6 years on the Equifax report.

Just to be clear it doesn't mean that it can't be declined at full application as the threads below describe but it's definitely a big positive that your case passed the NatWest 'credit-scoring'.
https://forums.moneysavingexpert.com/discussion/6287940/natwest-morgate-declined-after-aip/p1
https://forums.moneysavingexpert.com/discussion/6390364/issue-with-natwest-mortgage-application

louj22 said:

If I have had a NatWest dip accepted (not through broker) how likely is it to go through some adverse on my account but wouldn’t that be picked up at the initial search? Thanks 

louj22

Thank you. I’m worried about doing a full application. I have had a broker doing some research for me but they are coming back with nothing less than 85% and I need 95% ideally. Have spoken directly to Mansfield BS and they sound more promising so will see what they say next week when I have a full appointment with them. I’m at the point not where I just need to get a mortgage as I have a house ready to buy! 

K_S

@louj22 What kind of adverse is it? If it's just a couple of missed payments on unsecured accounts then that's very different from defaults or CCJs or mortgage missed payments.

If you've had a positive NatWest DIP at 95% LTV and your broker hasn't come back with that as an option, it might be worth just asking them about it. At least you'll know whether there's anything else in the NatWest criteria that make it a no go.

louj22

No it’s 1 default, £700 on a credit card. It’s now 4 years old. Some other missed payments but nothing in the last 30 months. 

I will see what the Mansfield say as they have had my credit report in full at the first stage and happy to look at this further. Suppose I’m feeling deflated that I was in this position 18 months ago and nothing seems to have improved my chances, in fact by suggesting I now need 85%ltv is worse than what I have been told before!