We are trying with Nationwide. If this sale falls through we need to borrow more than the £34900 they said we can (its a joke, we have over 80k for a deposit).
Our outgoings are not OTT, we don't tend to spend a lot in general but according to Nationwide, they are too much (when we don't smoke, drink, eat out, have sky etc etc). DH has a full time secure job as well.
Does anyone know which lenders are more reasonable now the rules have changed? I have heard that Nationwide are the strictest ones and I can believe it. We may be needing a plan B and obviously we can't apply for the mortgage until we have found a house but we can't know what they are willing to lend until we have applied for a mortgage. A MIP doesn't seem to mean much. We had one for Nationwide for 45k and they turned it down at the application stage.
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Now lenders are tightening their rules, who are the more lenient ones?
7 replies
CrapBag · 05/06/2014 13:43
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