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FTB - Natwest Advice
RedCannon94
Posts: 77 Forumite
Hey all.
Had a bit of a nightmare few weeks. Initially applied for a 95% LTV mortgage with BoI who after 3 and a bit weeks decided to decline our application due to things within the credit file they did not like (We have some debt but no missed payments, CCJs, etc. Debt-to-income ratio isn't bad either)
Since then, we've decided to up our deposit and go with a 90% LTV mortgage with Natwest upon Broker guidance.
What's the general experience like with Natwest in terms of turnaround speed? Just a bit cautious as the vendor's on our back a little bit (Fully understand them being concerned considering the initial application took 3 weeks)
Also from experience, do their AIPs generally match up to approved applications? Our AIP gave us a max loan of around 40k more than we'll actually need and we hope the increase deposit is enough to get this application approved.
Thanks
Had a bit of a nightmare few weeks. Initially applied for a 95% LTV mortgage with BoI who after 3 and a bit weeks decided to decline our application due to things within the credit file they did not like (We have some debt but no missed payments, CCJs, etc. Debt-to-income ratio isn't bad either)
Since then, we've decided to up our deposit and go with a 90% LTV mortgage with Natwest upon Broker guidance.
What's the general experience like with Natwest in terms of turnaround speed? Just a bit cautious as the vendor's on our back a little bit (Fully understand them being concerned considering the initial application took 3 weeks)
Also from experience, do their AIPs generally match up to approved applications? Our AIP gave us a max loan of around 40k more than we'll actually need and we hope the increase deposit is enough to get this application approved.
Thanks
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