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Nationwide mortgage
Hi I have seen recently on a number of posts that Nationwide haven't asked for supporting documents with applications. Does anyone know the reason for this and is there criteria for this? Preparing for reapplication due to current offer expiring and wondering if need to prepare supporting evidence such as payslips, bank statements etc
Comments
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If the applicant's primary current account is with Nationwide then they already have access to all the data needed.
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If they can verify your income electronically they do not need payslips.
If they can verify your ID electronically they do not need ID.
Statements can be a little more hit and miss.
I did a case on Monday last week, it went straight to offer as in immediate. I hit submit at 5.59pm and closed my laptop down. I then had an email pop up on my phone a few minutes later.
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 -
When you say reapplication, do you mean just a rate change at the end of a fix, or do you mean you are trying to borrow more money?
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It will be a new valuation I imagine as the old one will be over 6 months old.
Its not to do with the amount borrowed, the case last week was for over £600k, I have cases where they only want £130k and ask for everything. I dont know what the criteria is. I imagine there are a few things - employed/self employed, size of deposit, where the deposit has come from, how your application scores etc.
Is there something you are hoping they do not see? If not, I would not worry too much. If you had an offer last year unless something big has happened it is unlikely you will have a problem this time.
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 -
The issue will be what £800 represents and if it shows on your credit report.
If your overdraft limit is £850-900, it COULD be a problem. If your limit is £1,000 it should be fine.
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
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