I go on the VR on 1 Dec, but Nationwide have been aware of my address since I moved in.

Lets see what Saturday brings when I go and talk to them!

maxsteam:

MortgageSpecialist:

Not so. Being on the electoral register of a property is absolutely not a requirement to get a mortgage.

In theory you don't need to be on the electoral register to apply for a mortgage. In practice, the answer will be "no" unless you are on the electoral register. If you are on the electoral roll at a different address, that could suffice.

Sorry to have to say, but this is absolute fiction. Never once in all my years have I come across a lender who turns down an application for not being on the VR. Never. Some lenders may ask for a letter from the client to state why they are not on it, most will simply ask for an additional proof of address verification. No lender in the country refuses an application on the basis that the customer is not on VR. Ever.

My Account has been in a "not bad" order, and the late payments were some time ago and I have kept my payments up to date.

All I can do is hope!

Thanks

MortgageSpecialist:

Not so. Being on the electoral register of a property is absolutely not a requirement to get a mortgage.

In theory you don't need to be on the electoral register to apply for a mortgage. In practice, the answer will be "no" unless you are on the electoral register. If you are on the electoral roll at a different address, that could suffice.

It's worth mentioning that Nationwide have a more conservative lending policy than many banks but I agree that having kept an account with them in good order will count in your favour.

Not so. Being on the electoral register of a property is absolutely not a requirement to get a mortgage.

Electoral roll information is used two-fold in mortgage applications. Firstly being on it enhances your credit score, as it brings back more information on you from the credit reference agencies, building up a better picture of your history. Lenders like this. Secondly it can act as an alternative to providing proof of residency in the form of a utility bill. Many lenders will not require address verifivation if you are on the electoral register at the property from which you are making the application.

You may experience difficulties with regards to the late payments, however if they are less than 1 months late, they should not show as arrears on your credit file and should not be anything to worry about.

Banking with Nationwide gives you the best chance, provided you have run your affairs with them well. As well as your credit score and application details, you will have a "behavioural score" with them internally to show how good a customer you have been. If you have run your account well and not gone over your overdraft limits, etc, you will have a better chance than someone else in the same position as you who banks elsewhere.

Hi,

Just wondering if anyone had any experience of getting a Nationwide Mortgage with not so good credit.

Back in August I was declined for a mortgage with Woolwich due to something "detrimental" on my credit file. I looked at my file and found a default from o2 for £26. This was queried with o2 and removed.

Since August I have paid off most of my outstanding credit accounts and my credit score has gone from 563 to 999

I have a 6 late payments in the last year and I am not currently on the Electoral Roll at my address (council's fault!)

I have been with Nationwide for the last 7 years and we would like to stay with them for a Mortgage.

Anyone else had any problems getting a mortgage with Nationwide?

Thanks