Lending Criteria - Other Information You Need to Know
Credit Referencing
You should be aware that all Nationwide mortgage applicants are credit referenced by Nationwide before we produce a mortgage offer usually at Decision in Principle stage.
For your client to be accepted:
- the credit reference must cover all addresses for all parties in the last 3 years.
- the applicant must not be an undischarged bankrupt
- normally there should be no history of a repossession, either voluntary or enforced
Please note, multiple credit references over a short period may adversely affect your client's credit rating. We expect you to explain this to your client before requesting Nationwide to undertake a Decision in Principle.
