NatWest Mortgage application

denimjeans12

Hi there, 

just wondering if anyone has had success with NatWest mortgage application with 1 missed shopping account payment in the last 6 months? It was only one missed payment and account has been active for last 3 years?

thanks

Mark_d

Why did you miss the payment?  Do you have difficulty paying bills (little disposable income) or are you just poor when it comes to making payments on time?

If you have a 50% LTV then NatWest won't care.  They'll be quids in if they need to repossess.

eschaton

Mark_d said:

Why did you miss the payment?  Do you have difficulty paying bills (little disposable income) or are you just poor when it comes to making payments on time?

If you have a 50% LTV then NatWest won't care.  They'll be quids in if they need to repossess.

You can never be too sure. 

Just over 3 years ago, I tried to remortgage with Barclays on 7 year fix at 2.24% taking 18m off the term. I’d been on a BR tracker for 17 years. 

LTV was 21% and they knocked me back. Remortgage was £46k and I had £33k on 0% credit cards. Zero risk. Perfect credit history. 

Gutted not to get the rate at the time. If I did I’ve have bought a new car last year and still have 3.5 years to go. 

Instead, I don’t have a new car or a mortgage. 

They didn’t even ask about savings that more than covered the credit cards. Just a straight knock back. Salary was more than enough, no dependents. 

I tried again a week or so later putting CC’s at £0 based on paying them all off immediately. Still no. 

Since then Barclays have only been good for 0% credit cards with free cashback and a CA bribe. 

I’ll always thank them for the KB’s 

ACG

Mark_d said:

Why did you miss the payment?  Do you have difficulty paying bills (little disposable income) or are you just poor when it comes to making payments on time?

If you have a 50% LTV then NatWest won't care.  They'll be quids in if they need to repossess.

Wow!
Its 1 late payment. 

ACG

denimjeans12 said:

Hi there, 

just wondering if anyone has had success with NatWest mortgage application with 1 missed shopping account payment in the last 6 months? It was only one missed payment and account has been active for last 3 years?

thanks

If it was last month and you are 95% LTV with a gifted deposit chances are probably 50/50.

If its 75% LTV and a saved deposit with good stable jobs it should be ok. 

denimjeans12

Mark_d said:

Why did you miss the payment?  Do you have difficulty paying bills (little disposable income) or are you just poor when it comes to making payments on time?

If you have a 50% LTV then NatWest won't care.  They'll be quids in if they need to repossess.

It was a genuine error, and rectified straight away. Wrote to creditor to in attempt to get it removed and they refused. We have a 70% loan to value and joint application, with other applicant with great credit history 

denimjeans12

ACG said:

denimjeans12 said:

Hi there, 

just wondering if anyone has had success with NatWest mortgage application with 1 missed shopping account payment in the last 6 months? It was only one missed payment and account has been active for last 3 years?

thanks

If it was last month and you are 95% LTV with a gifted deposit chances are probably 50/50.

If its 75% LTV and a saved deposit with good stable jobs it should be ok. 

Thanks. The missed payment was in May. We have a 70% LTV, with saved deposit from previous house sale. Both in stable jobs (10 year + length of service) we already have a DIP.

ACG

denimjeans12 said:

ACG said:

denimjeans12 said:

Hi there, 

just wondering if anyone has had success with NatWest mortgage application with 1 missed shopping account payment in the last 6 months? It was only one missed payment and account has been active for last 3 years?

thanks

If it was last month and you are 95% LTV with a gifted deposit chances are probably 50/50.

If its 75% LTV and a saved deposit with good stable jobs it should be ok. 

Thanks. The missed payment was in May. We have a 70% LTV, with saved deposit from previous house sale. Both in stable jobs (10 year + length of service) we already have a DIP.

You will be fine.