Another reason why your mortgage could be rejected in application principle, would be if you have financial associations that the mortgage lender seems to be boring or negative. We can help you find out if you can afford the mortgage you need by looking at your additional budget expenses and financial commitments, such as loans, overdrafts, credit and storage cards, leases and maintenance payments. We`ve compiled a handy checklist with the documents you need to bring to your mortgage date. If you have any further questions, please contact. You can avoid even more trouble if you are an existing mortgage holder with NatWest and you only want to re-enter a new interest rate with them in a process known as product transfer. Our simple calculator will charge you how much you could borrow or contact a mortgage agent. Before you submit a written mortgage offer, we will always pass a property assessment that takes into account the general condition of the property, looking for major errors in accessible parts of the building that can affect the value or even the urgent problems that need to be examined by a specialist before signing a contract. Read our step-by-step mortgage guide for more information on the various stages of the process. It is very important that you apply for mortgages as you are likely to meet the mortgage criteria, and this is what mortgage brokers usually do to ensure that your Natwest mortgage in principle is not refused. Another reason why your Natwest might refuse your mortgage application is due to changes in circumstances like a change in your work as mentioned above, but your Natwest mortgage in principle could be denied even if you took a just born maternity leave and thus have another mouth to feed or any other scenario that may affect your ability to earn a stable and reliable income. Here is a list of the most common questions we ask about mortgages.
If you are looking for a list of terms and phrases you might find and an explanation of what they mean, please read our section of mortgage buster jargon. We are unlikely to be able to lend to you if you have already been declared bankrupt, have had court decisions against you, seized your property, mortgaged, mortgaged, or had to arrange a repayment plan with your creditors. It is important that you add up all the costs associated with a mortgage, not just the interest rate. You may have to charge an assessment fee, research fee, land registry and legal fees, as well as stamp duty on real estate for a specified amount. Your debtor can give you more information about the fees charged that you may have to pay. Make an appointment to speak to one of our mortgage professionals by phone or at a branch.