We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Previous Debts and Mortgage Lender
Options
Cola133
Posts: 52 Forumite
What is the chance of securing a mortgage with a lender that you have ever had a debt management plan with?
My mortgage advisor has found us a mortgage with Natwest, but for the life of me, I can't remember if I had an IVA, with them included, about 10-20 years ago.
My mortgage advisor has found us a mortgage with Natwest, but for the life of me, I can't remember if I had an IVA, with them included, about 10-20 years ago.
0
Comments
-
Each lender keeps their own records so it's possible. Whether they keep them 15-20 years now that GDPR has come in and they are supposed to have a retention policy...
You might be ok.1 -
Natwest/RBS are very strict on this.
Their internal records will have probably put a flag next to your name if they had to write off a penny. It usually means they will not give you a mortgage.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.1 -
@ACG Thank you. If you get an Agreement in Principle from Natwest, will they already have checked their records or would they only say 'No' when you actually apply? Thank youACG said:Natwest/RBS are very strict on this.
Their internal records will have probably put a flag next to your name if they had to write off a penny. It usually means they will not give you a mortgage.0 -
Normally (but not always) it would get picked up at AIP stage.
I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards