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    • Daverogers
    • By Daverogers 14th May 18, 12:27 PM
    • 17Posts
    • 3Thanks
    Daverogers
    Another Mortgage application
    • #1
    • 14th May 18, 12:27 PM
    Another Mortgage application 14th May 18 at 12:27 PM
    Hi all let me start from the beginning.

    Iím trying to buy a home which has a value of 380k. I have a 200k down payment so Iím trying to get a mortgage for 180k.

    I was approved in principal with NatWest however they declined for the simple fact I went into a unwarranted overdraft in March and April. Now the March one was because I changed jobs and moved all my dd to just after the new pay date but I missed 1. Itís was for about 25.00.
    The other was because of NatWest charging me the previous months fee lol.

    Iím appealing this as I have had the one removed and the other was just a stupid mistake, Iíve even showed in the last 12 months Iíve not done it at all.

    Whatís your thoughts thanks guys.
Page 1
    • foxy-stoat
    • By foxy-stoat 14th May 18, 4:02 PM
    • 2,205 Posts
    • 1,194 Thanks
    foxy-stoat
    • #2
    • 14th May 18, 4:02 PM
    • #2
    • 14th May 18, 4:02 PM
    Try another lender - or maybe a broker
    • kingstreet
    • By kingstreet 14th May 18, 4:04 PM
    • 33,704 Posts
    • 18,280 Thanks
    kingstreet
    • #3
    • 14th May 18, 4:04 PM
    • #3
    • 14th May 18, 4:04 PM
    Wait until your NatWest account has been three months clear and they should be prepared to lend.

    Find another lender, or get an independent broker to find you the best deal.
    I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.
    • Daverogers
    • By Daverogers 14th May 18, 7:35 PM
    • 17 Posts
    • 3 Thanks
    Daverogers
    • #4
    • 14th May 18, 7:35 PM
    • #4
    • 14th May 18, 7:35 PM
    Thanks all. I forgot to mention Im using a broker at the minute.
    • Thrugelmir
    • By Thrugelmir 14th May 18, 8:03 PM
    • 59,247 Posts
    • 52,619 Thanks
    Thrugelmir
    • #5
    • 14th May 18, 8:03 PM
    • #5
    • 14th May 18, 8:03 PM
    however they declined for the simple fact I went into a unwarranted overdraft in March and April.
    Originally posted by Daverogers
    Is that your supposition? What other factors may have impacted the lenders decision.
    Financial disasters happen when the last person who can remember what went wrong last time has left the building.
    • Daverogers
    • By Daverogers 16th May 18, 10:40 AM
    • 17 Posts
    • 3 Thanks
    Daverogers
    • #6
    • 16th May 18, 10:40 AM
    • #6
    • 16th May 18, 10:40 AM
    Hi and thanks for the response. That is the response we received from the underwriter. We were told if we can prove its not habitual we have a good chance which I did. Otherwise my credit and salary etc... are good.
    • Daverogers
    • By Daverogers 17th May 18, 4:37 PM
    • 17 Posts
    • 3 Thanks
    Daverogers
    • #7
    • 17th May 18, 4:37 PM
    • #7
    • 17th May 18, 4:37 PM
    Ok it gets even better. Now apparently I have a debt written off with NatWest lol.
    I!!!8217;ve never had any debt written off that!!!8217;s a joke. When I spoke to NatWest they say they don!!!8217;t see a write off anywhere on my account. My credit file with Experian shows no write off either. What the heck is going on.
    • kingstreet
    • By kingstreet 17th May 18, 5:10 PM
    • 33,704 Posts
    • 18,280 Thanks
    kingstreet
    • #8
    • 17th May 18, 5:10 PM
    • #8
    • 17th May 18, 5:10 PM
    The RBS Group, which includes NatWest has internal bad debt markers which become visible to mortgage underwriters during the process. These are not time-limited.

    They may have the wrong Dave Rogers.
    I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.
    • Daverogers
    • By Daverogers 17th May 18, 7:59 PM
    • 17 Posts
    • 3 Thanks
    Daverogers
    • #9
    • 17th May 18, 7:59 PM
    • #9
    • 17th May 18, 7:59 PM
    I should have never gone with the bank I have my account with. What a pain
    • Daverogers
    • By Daverogers 19th May 18, 1:57 PM
    • 17 Posts
    • 3 Thanks
    Daverogers
    Update. I have found out the debt. Get this.

    I liquidated a company in 2016 and paid all money owed to NatWest. However they kept the bank account open. This cost 25 a month there about. I called NatWest and told them they need to close this we are not trading anymore. NatWest advised me they cannot until the liquidation process is complete. They then advised me once it!!!8217;s complete they will close the account and remove the charges. Well that!!!8217;s not what happened. It rose to £275.00. When I asked NatWest yesterday what this has happened. They informed me the debt was so low they didn!!!8217;t bother to contact me. Wtf......

    So now within the rbs group I have a written of debt because they could not be asked to deal with it. How is this fair. I would have paid.
    • Daverogers
    • By Daverogers 23rd May 18, 11:45 AM
    • 17 Posts
    • 3 Thanks
    Daverogers
    Ive now applied to Halifax . Lets see how it goes. Ill keep the post updated till completion for anyone else who need the guidance.
    Last edited by Daverogers; 01-06-2018 at 11:23 AM.
    • Daverogers
    • By Daverogers 1st Jun 18, 11:26 AM
    • 17 Posts
    • 3 Thanks
    Daverogers
    Update all. I have been accepted and received my loan offer. Halifax only wanted to see my payslip and ID. Really glad. Hope this thread helps someone else. If anything changes Ill let you know.
    • katie4
    • By katie4 1st Jun 18, 2:14 PM
    • 145 Posts
    • 43 Thanks
    katie4
    Update all. I have been accepted and received my loan offer. Halifax only wanted to see my payslip and ID. Really glad. Hope this thread helps someone else. If anything changes Ill let you know.
    Originally posted by Daverogers
    Yay well done

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