Natwest AP markers possibly affecting Mortgage App

[Baggyboy]

Hi Guys

 

New to the forum, so hello!

 

Currently looking to source a new purchase mortgage, and had narrowed the choice of with HSBC and Leeds BS.

 

Just to be sure there were no issues with the applications I signed up to Experian and Equifax to take a look.

 

Experian 940 Good / Equifax 463 Good - so naturally didn't think I would have any problems moving forward.

 

Went to see HSBC on sat, they did a very quick check and gave us an AIP - then spoke to Leeds this morning who said they would run a check for an AIP.

 

They called back to say I had been declined due to adverse credit on my Equifax report,

she couldn't go into detail over the phone, but I explained about my scores

and she asked me to send them through and she would take a look,

 

 

I also asked for some feedback to point to what she thought was the problem.

 

Now I can't see anything untoward except for an AP on my NatWest Current account from 2012

- the circumstances are NatWest was my main current account and I always had an authorised overdraft of £500

 

 

- In early 2012 my partner and I decided to use her account as a joint account (HSBC) so all my salary went there.

I didn't automatically close the NatWest account as I thought you never know!

 

 

I was still being charged for the advantage gold fee and interest on the authorised borrowing,

 

 

then I received a letter from them asking me to get in touch about unauthorized lending,

turns out the account had gone over the £500 limit and charges were being added.

 

 

I got in touch with NatWest and they took me off advantage gold,

and refunded the charges and then I set up a direct debit to clear the account.

 

So the question is,

how likely is that the actual issue, and how do I get that corrected,

also will HSBC look at that too with a full application and think it's an issue also.

 

Any help or advice would be hugely appreciated

 

Neil

[dx100uk]

if you've no defaulted date

those AP markers are there for 6yrs

and will kill your mortgage.

 

 

dx

[Baggyboy]

Cheers Dx

 

So could this cause a mortgage issue to be rejected?

 

It just says AP (arrangement to pay Sept 12) nothing else, every other box is green

 

Can and would Natwest remove this?

[theoldrouge]

Cheers Dx

 

So could this cause a mortgage issue to be rejected?

 

It just says AP (arrangement to pay Sept 12) nothing else, every other box is green

 

Yes it probably will, as will more searches on your credit file

 

unless you have a very large deposit (40% plus)

 

Discuss with a reputable whole of market broker before you make another application

[dx100uk]

Cheers Dx

 

So could this cause a mortgage issue to be rejected?

 

It just says AP (arrangement to pay Sept 12) nothing else, every other box is green

 

Can and would Natwest remove this?

 

 

ask them to remove it as its preventing a mortgage

 

 

the rest I've already answered

IT WILL KILL A MORTGAGE

 

 

dx

[Baggyboy]

Thank you DX,

 

I have an AIP with HSBC, they only appear to use Experian for Mortgage Apps.

 

While Natwest is showing on Experian, the AP marker only shows on Equifax,

 

Finally, will asking Natwest to remove it, cause them to look at it in detail and then add it to Experian if they feel it's appropriate?

[theoldrouge]

Thank you DX,

 

I have an AIP with HSBC, they only appear to use Experian for Mortgage Apps.

 

While Natwest is showing on Experian, the AP marker only shows on Equifax,

 

Finally, will asking Natwest to remove it, cause them to look at it in detail and then add it to Experian if they feel it's appropriate?

 

all mortgage applications also go through National Hunter, inconsistences will show up

 

the more failed applications/searches the less your chances of sucess

 

speak to a reputable broker to see if they can place an application for you