Mortgage Application delayed until they could charge me more
1
Nationwide promised to honour a mortgage Decision in Principle for up to 3 months after applying.
First, they refused to allow me to "increase" my deposit, unless I took a mortgage with a higher rate. Somehow being a safer customer was a bad thing...
Then I applied for the mortgage well within that time limit, only for them to stall the process with repeated requests for evidence of funds (which I responded promptly to, and which would not even have been part of the deposit anyway!).
Eventually the 3 month limit hit and despite already applying they refused to honour the DiP because time had run out. Only choices left were to take a more expensive mortgage or look elsewhere, which I am doing. Utter waste of time.
Reviewed on: 6th January 2023