Any help here would be greatly appreciated :)
This morning I applied for a mortgage with Nationwide via a mortgage broker. Unfortunately, my application was declined and I was advised to check my credit score. I did that this afternoon with Experian and my credit score is 'good' with no negative indicators. I called Nationwide to find out why my application was declined and was told that it was due to a low credit score using their own internal scoring system. Also, as I had applied for a 90% mortgage (property value £105,000), they deemed me to be too high a risk.
There are other lenders offering 90% mortgages and so I would like to apply to one of them. Can anyone recommend one? Also, I'm concerned as to how long I should leave it before applying - would this declined application have an adverse effect on future applications?
This morning I applied for a mortgage with Nationwide via a mortgage broker. Unfortunately, my application was declined and I was advised to check my credit score. I did that this afternoon with Experian and my credit score is 'good' with no negative indicators. I called Nationwide to find out why my application was declined and was told that it was due to a low credit score using their own internal scoring system. Also, as I had applied for a 90% mortgage (property value £105,000), they deemed me to be too high a risk.
There are other lenders offering 90% mortgages and so I would like to apply to one of them. Can anyone recommend one? Also, I'm concerned as to how long I should leave it before applying - would this declined application have an adverse effect on future applications?