Mortgage declined dream home, devastated. Any underwriters on here?

[TonbridgeorWinchester]

My DIP has been declined to port mortgage and I am in the process of writing an appeal which I was encouraged to do, because of an August 2026 default of £71 that I had no idea about from a previous property. My mortgage is fixed 2.59% for the next 5.5 years.

The points I've included in my appeal:

• Proof the debt has been cleared
• Never missed a mortgage payment
• Had this mortgage 4 years, overpaid £600 monthly for the last 2 years
• Have an income to mortgage ratio of 1.25
• I want to reduce borrowing from 140 to 110/100
• Want to reduce term from 18 years to 9 or 10
• I have good credit: 683 clearscore and 610 transunion
• Never defaulted on a credit card or paid late

I can't believe my dream is being taken from me over a £71 missed payment I had no idea about. It has taken 7 months to sell my house for nowhere near what I wanted and now this.

I am waiting on the appeal outcome.

I am going to use Nottingham's Life Happens mortgage as a last resort but it will add additional expense.

I am so upset....do you guys think the underwriter may overturn the appeal? It's £71 fucking pounds and I just paid it!!!!

If I were you I would appeal and get a broker on the case asap in case the appeal isn’t successful.

I've got a nationwdie rep guiding me through the appeal who seems pretty optimistic about the appeal and circumstances.

What was the default for?

eon, on a proprety i have not even lived in for 3 years. so fucking stupid. i have already paid it

Easily done unfortunately! I work in the industry and see on a regular basis. I would hope that your appeal is successful, but Nationwide aren't always the most forgiving in these situations. I work with an amazing broker who specialises in adverse cases, feel free to drop me a message if the appeal is unsuccessful and you need help.

Jesus I wouldn’t want to lose that fixed rate, good luck op x

Get a broker on it already in case you need it.

I have!

My buyer last year wanted to port a mortgage (interestingly with Nationwide too). It was at a really great rate, which he couldn't possibly have achieved if he re-applied. Nationwide threw up every objection to his purchase. They got right down in the weeds and objected to matters which were administrative issues, rather than anything to do with the value of the property against which they were lending or his ability to make the repayments. It was a really small mortgage too, less than 30% of the value of the property.

My buyer had mortgage offers from two other lenders, who had no issues at all.

The estate agent said that they had noticed a trend of some mortgage companies not being keen to port a mortgage when the rate was low. Don't know if that is estate agent bollocks or not, but in the end my buyer had to proceed with another lender, as for every solution that was found for Nationwide, they came back with another i that had not been dotted correctly etc!

Some charge. Mine was £££

Yes they do. The broker I used to work for charged a one-off lifetime fee of £250.

Anyway - as others have stated, you may need a broker if you can't port and have to pay the ERC, but for this appeal you may as well wait and see what they say first. You could well be successful as there is no additional borrowing.

Whoever said credit scores don't matter is also correct. There are about 5 or 6 different credit agencies which all use different number scales. The best thing to do before applying for anything is download checkmyfile and have a look for any defaults as it combines info used by three credit agencies.

I had problems with Nationwide amd taking on the whole mortgage when my ExH left me. They refused yet I had been paying the mortgage for years. I took it higher and higher. Their advisers do not look outside the box. In the end they agreed otherwise I would have been homeless.

Compound interest

I thought brokers were free that they got paid by the lender ? I have always used London and Country.

London and Country is based in a big call centre in Bath with hundreds of brokers. They can afford to be free. Some brokers are one man/woman bands or two/three brokers and some admin staff.