Hi,
I’m a first time buyer and I just applied for a mortgage agreement in principle with Nationwide (it was an automatic online process, with a soft credit check only), which was declined due to failed credit file.
It didn’t say what the problem was, it just said it was due to credit score, and “this may not be due to adverse bureau information”.
I am puzzled. The only thing I can think of is that I accidentally went into my unarranged overdraft twice while a student (2 years ago) but now I have a full time job with a good salary so it won’t happen again. I’ve got 2 years of a solid income and no debts other than student loan.
I am viewing a house on Saturday and had hoped to het the AIP so I could potentially make an offer.
What should I do now? Shall I try for another mortgage in principle with Halifax or another bank that does soft credit checks only, to see if I get a different outcome from them, or is that unwise? Does this mean I won’t get a mortgage from anyone?
Any advice appreciated!
Please or to access all these features
Please
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to access all these features
AIBU?
Agreement in principle declined
113 replies
Firsttimebuyer1 · 24/06/2021 20:53
OP posts:
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