TSB Mortgage AIP Question

M140iiiCL

Hi there, So we have just had a Nationwide mortgage declined. Due to account conduct, they believe we were at risk of utilising credit lines after an offer would have been given. The fact it wasnt due to not being able to afford the property gives me a bit of hope.  Mortgage broker has reapplied with TSB 26/09 and valuation has been booked for 30/09.  All of our debt except our 2 cars will be paid off with the equity we have in the sale of our current house (offer accepted) and we are still able to put 40k deposit down and have 20k left over for us to use for new furninshings.  New house Value is £320K.

We do have AIP with TSB so im hoping things will get accepted this time around. 

Any advice or similar situations out there at all?

Do TSB check bank statements? Nothing to hide just shows were in the overdraft alot. But EVERYTHING debt wise will be cleared. 

Thank you 

ACG

I always say every lender has their quirks, things they like or do not like. 
Nationwide are very good at certain things but credit utilisation and availability is something Nationwide are not too great on. 

I do not have a lot of experience with TSB, but they seem to be a little more relaxed on that side of things. 

Devlin1976

We are also using TSB for our mortgage application and they asked to see our bank statements.

M140iiiCL

Devlin1976 said:

We are also using TSB for our mortgage application and they asked to see our bank statements.

NO problem, Im hoping if we do get asked for them things will be okay. Having spoken to our broker Today, only payslips have been requested and Vlauation has been done and accpeted. So im hoping its plain sailing from her ebut obviosuly had Nationwide decline us so im not holding out much hope. But fingers crossed for us both! How long have you been waiting? 

Devlin1976

We've been waiting for nearly two weeks now, they have now requested the wife's pension statement as she's in her early 50's and our broker was pushing for a 23 year term. Fingers crossed.

M140iiiCL

Devlin1976 said:

We've been waiting for nearly two weeks now, they have now requested the wife's pension statement as she's in her early 50's and our broker was pushing for a 23 year term. Fingers crossed.

How you getting on mate? Were still waiting for Docs to be checked i beleive. Been 5 days since valuation.

Devlin1976

We're still waiting. I was asked today for my latest payslip and bank statements for September from myself and the Mrs. It certainly is dragging out.