We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Coventry Building
CharlieChops
Posts: 32 Forumite
We have received a DIP with Coventry Building Society via a Broker, I can see Coventry Building Society have conducted a soft credit search and ID check from my Equifax credit report. We have now submitted a full application, we only needed to supply our p60s and 1 months wage slips. Do Coventry Building Society manually underwrite the application? If you receive a DIP is there any reason why the application won’t go through?
0
Comments
-
The application involves a full credit search. So if there's anything significant shown up by that then your application might not go through.
0 -
They will verify your documents and do some checks behind the scenes.
But in all honesty, the only one of my cases they have ever declined was one suspected to be dodgy - which I told them about applying so was not exactly unexpected anyway.
I like Coventry, they have been pretty good for a while - they were useless back in 2011-12 though.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 -
Thank you your reply, I feel a bit nervous we had a DIP Nationwide, they instructed a valuation etc then offered us £40000 less than we needed! Wouldn’t take my husband’s guaranteed bonus into consideration. Your response has made me feel more confident about Coventry 😃ACG said:They will verify your documents and do some checks behind the scenes.
But in all honesty, the only one of my cases they have ever declined was one suspected to be dodgy - which I told them about applying so was not exactly unexpected anyway.
I like Coventry, they have been pretty good for a while - they were useless back in 2011-12 though.0 -
Guaranteed bonuses are always a bit iffy.
If it were guaranteed, the general thought is that it would just be part of your basic wage. Its normally only labelled as a bonus if it is reliant on something else... eg sales targets etc.
Some lenders will use it all but it depends on the circumstances etc.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 -
That makes sense, he can evidence it for the last 3 years so hopefully it’ll be okayACG said:Guaranteed bonuses are always a bit iffy.
If it were guaranteed, the general thought is that it would just be part of your basic wage. Its normally only labelled as a bonus if it is reliant on something else... eg sales targets etc.
Some lenders will use it all but it depends on the circumstances etc.0 -
I reckon so.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
-
Mortgage offered with Coventry Building Society2
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.3K Banking & Borrowing
- 252.9K Reduce Debt & Boost Income
- 453.2K Spending & Discounts
- 243.3K Work, Benefits & Business
- 597.8K Mortgages, Homes & Bills
- 176.6K Life & Family
- 256.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards