Real life is complicated, but lending doesn’t have to be. Learn about our fees and charges. Both came. Nationwide offers loans on homes bought through the Deposit Unlock scheme up to £750,000, available through mortgage brokers. As an example Nationwide are really strict - they ask "Have you ever had a CCJ against you", so even trying to get round the 6 year limitation period. We specialise in providing independent mortgage advice on buy to let mortgages for investors – HMO’s, Limited Companies, Ex Pats, Let to Buy. We aim to bring you the most powerful mortgage best buy table possible, including all deals available to brokers and crucially direct-only deals too. Any sooner and you can expect the same outcome. Whether you will be approved or not will come down to how long ago it was issued, whether it’s been settled, the debt amount and a few other factors. For intermediary use only. e. We went through a specialist mortgage broker, which was worth the cost. Simply Adverse is a nationwide broker that provides a tried, tested, and successful service for connecting adverse credit mortgage lenders and. Whether you get your mortgage application approved with a CCJ will depend on a few things. Mortgages from Nationwide. KPR (Nationwide) issuing CCJ. Some reasons I can see why you might have failed scoring: 1. size of debt can also be an issue. Nationwide will become the latest lender to raise mortgage rates again, with increases of up to 0. Thin credit file-Maybe, this is assessed on a case-by-case basis. Here are some tips for getting a mortgage with a CCJ: Make sure you have a good credit score. Saturday 8. We make getting a homeowners insurance quote easy. Call 24/7. 4% APR representative on loans between £7,500 and £25,000. To be eligible for the cashback; 1) the property must have a Standard Assessment Procedure (SAP) rating as follows: a) properties rated 86 to 91 - £250 cashback. We’re here to help you find a Skipton Building Society mortgage that is suitable for your needs. uk If you have a CCJ (County Court Judgement) on your credit file, finding a mortgage that will allow you to purchase a home can feel impossible – but an independent broker can help. Providing you have paid it off in full and it’s listed as satisfied, then you will stand a far higher chance of getting a mortgage with the support of an adviser. Pub, Restaurant Tip: Enter a postcode for a better match. Temporarily change to interest only payments. The Judgment may include payment terms, which means the Court have ordered you to pay instalments over a period of time. Its other loan options include balloon, reverse, and adjustable-rate. 5. McKinnon analyzes his clients' loan files to match. Eubank, as President and owner of Nationwide, and counsel for the Federal Trade Commission that: 1. MCOB regulated post completion. Fees and charges. It offers a range of loan programs, such as FHA, fixed-rate mortgages, interest-only mortgages, and VA, to meet customers' mortgage and refinancing goals. 100% mortgages are also known as no-deposit mortgages, zero deposit mortgages and 0% deposit mortgages. Unsatisfied CCJs accepted at underwriters' discretion, 36 months for Select range and 24 months for Core range. Yes, it does. 5 Reliance on othersSee how your total borrowings on mortgages, personal loans, credit cards and other accounts have changed over the last 6 years, and keep a track of the overall position currently being reported by organisations on your Credit Report. The Chancellor Jeremy Hunt has today (Wednesday 22 November) announced a range of tax, benefits and savings measures. Case in point, borrowers with a debt management plan are usually rejected outright after the underwriters' hard credit check. This guide also provides valuable tips on improving your credit rating to increase your chances of mortgage approval. Stop losing time on endless searches for the appropriate legal documents for your state. If it’s very recent, in the last year, lenders would be looking for the figure to be less than £1000. Arkansas Real Estate. You don't need to borrow immediately and a credit file with no other occurrences will show it was a one off and can be put down to ignorance. gov. A County Court Judgment, or more commonly known as a CCJ, is a court order in the UK that will be issued to you if you fail to pay back any money that you owe. The Clarks were, likewise, referred to Genuine Title, and their loan settled on January 30, 2009. NerdWallet UK website is a free service with no charge to the user. To fill it in, you'll need to know: Your main income details. Houses in Multiple Occupation criteria. This will help to improve your credit score. Simply put, a legal charge on property is a document that converts your unsecured loan into a secured one. If you get a county court judgment ( CCJ) or a high court judgment, it will stay on the Register of Judgments, Orders and Fines for 6 years. , we treat each customer as an individual, not a number. Any lender checking your credit report will see your statement and should take it into account when. Get a copy of your credit report and dispute any errors. - 18% have totally separate finances. At the time I tried to defend myself on the lack of a genuine CCA but lost as they provided a reproduced CCA. There are many mortgage lenders that. Barclays mortgage with a CCJ. Learn all you need to know about remortgaging with a CCJ. CCJ. It’s nigh-on impossible to be approved for these with a CCJ. Nationwide Mortgage Bankers, Inc. November 02, 2023. IVA and Bankruptcies that have been discharged two years or more can also be accepted. Some lenders may take a view when a CCJ is under £300 or in respect of a mobile phone contract. Minimum mortgage term length of two years, maximum term length of 40 years. 2. Most. Registration is free and only needs a username and email address. He is the branch manager at the Republic State Mortage and has been in the industry for more than 24 years. Of course in theory you could say no on the basis it's not on the record, but that would be a really bad idea as lying on a mortgage application is fraud and the bank/building society will show. #ad #mortgage #createfinance Can I get a mortgage with a CCJ on my file? Will a County Court Judgement stop me getting a mortgage? In this video, Gindy and A. Term. 95% on a mortgage of €100,000 is €603. Find out if a CCJ has been made against you. The date it was satisfied is also important; CCJs that were satisfied over six years ago are removed from. All the information needed about the process can be found on Santander’s website. Call 1-877-669-6877 for insurance help. Getting a remortgage offer from Nationwide takes 10 working days from application submission to mortgage offer. Solicitor information. Most likely you will be looking at higher interest rates with a specialist lender. Defaults. Getting a mortgage with a CCJ is possible, but you’ll need a cautious approach. This is subject to change depending on the lender’s criteria. Find out more about what to do if you receive a County Court claim form. 6K comments Most recent: Lights on a timer by Netexporter Today at 12:24AM. There are several other factors to consider when deciding if refinancing your home. The monthly repayment on a 20-year mortgage with Loan to Value (LTV) greater than 80% with variable borrowing rate of 3. Nationwide offers loans on homes bought through the Deposit Unlock scheme up to £750,000, available through mortgage brokers. We encourage consumers visiting this site to continue their home loan. Call 1-877-669-6877 for insurance help. BestUKMortgage - Your Best UK Mortgage resource. Mortgage calculators. Don’t. Call us. How to Get a Mortgage with a CCJ (County Court Judgement)If you are trying to get a mortgage but have a CCJ (County Court Judgement), this video will explain. We have lots of experience in securing mortgage offers with CCJs. Acceptable income and proofs required. A rough idea of the property value. Nationwide Mortgage Bankers is a direct lending mortgage bank exclusively serving the home finance market for one to four family residential properties. This applies even if you are up to date with payments under the CCJ. But the satisfied CCJ was still enough for a big mark down on my Call Credit score - and Nationwide are one of the. With those Nationwide deals, a £250,000 mortgage will cost you about £100 more each month if you take the two-year deal, and you will face a £999 product fee when you come to remortgage. P = the principal amount. , we treat each customer as an individual, not a number. If the CCJ was registered within the last twelve months, then it should be a maximum of £1,000 for you to be considered for an 85% LTV mortgage. Extend your mortgage term to lower your payments. Having a mortgage application declined by a mainstream lender like Nationwide can be disheartening, but the good news is this doesn’t have to be the end of the line for your journey to homeownership. Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2. In Scotland, a process is known as “Enforcing a debt by diligence”. Skipton will accept CCJ's as follows: "County/High Court Judgements (CCJ) Maximum of 1 CCJ / max total value £500 - where latest CCJ registered within last 3 years. Use our mortgage calculator to get a rough idea of what you could borrow - in just minutes. For example, for a CCJ less than two years old, it’s likely to be more difficult to secure a mortgage if the CCJ was £2,500 or more. new Nationwide mortgage or you have 10 years or less remaining of the original term of this mortgage. October 20, 2023. Temporarily change to interest only payments. You can use our calculator if you’re: a first time buyer. The size of the CCJ and how long ago will affect how much of it a lender will take. Extend your mortgage term to lower your payments. Nationwide 90% Mortgage with 5-year-old CCJ. Eligible if CCJs less than £500 and have been satisfied over 24 months ago, If CCJs over £5,000 then must be discharged/satisfied over 36 months ago. This. When submitting an application for lending greater than 85%. The account is a credit card with nationwide, it was passed to Shoosmiths LLP and despite me telling them we have a DMP (and paying it). Pub, Restaurant Tip: Enter a postcode for a better match. According to customer review site Trustpilot, NatWest scores 1. If you have a registered or settled a CCJ, there are still mortgages options available. Additional borrowing. e. Mortgage applications should meet the following high-level criteria as a minimum. There must be evidence of at least one month's worth of savings built up in the account. For most first time buyer mortgages, you need a deposit of 5% of the price of the property you want to buy. Yes, you can. 10% of your overall loan per year for Nationwide mortgages set up on or after 29 May 2013. Tracker mortgages. This capped the amount of money buyers could use from gifted deposits. Ignoring a County Court judgment (CCJ) can cause problems. Here are some tips for getting a mortgage with a CCJ: Make sure you have a good credit score. Most. Respondent Nationwide Mortgage Group, Inc. Find out if a CCJ has been made against you. 10%. Your Nationwide Mortgage Bankers Loan Officer serves as your experienced guide, providing valuable insights, tools, and information to ensure you’re always one step ahead in your home-buying journey. Book Your Free Consultation 8am - 10pm, 7 Days a Week. This can only happen if the creditor has already got a county court judgment (CCJ) for your debt. It’s a case of finding the right specialist mortgage broker who can help you understand your options, and find you the right specialist lender. It specializes in offering home purchase loans, private portfolio loans, bank statement loans, and mortgage refinancing for homeowners and homebuyers. Landmark have made no comment. Providing proofs. 9%. There are lots of factors to a credit score. This fact sheet tells you how a creditor can apply for a charging order against your home or any other property you have a part share in. The maximum you could receive is 29. Monday to Friday, 8am to 6pm. #ad #mortgage #createfinance Can I get a mortgage with a CCJ on my file? Will a County Court Judgement stop me getting a mortgage? In this video, Gindy and A. For example, if you were earning £40,000 a year and a lender used a mortgage income multiple of 4, then they would take 4 x. Travel. 4. Halifax apparently either didn't check Call Credit OR didn't mind the presence of the satisfied CCJ. Although getting a mortgage with a CCJ isn't straightforward, it certainly isn't impossible. The NMLS test has 120 questions, with 115 of those questions being scored. More about extending your term. Self Employed; NHS Mortgages;Our mortgage deals have a ‘Maximum LTV’ - this is the most you would be able to borrow against the purchase price, shown as a percentage. Nationwide will entertain a mortgage application from someone who's been bankrupt over three years ago and Skipton someone over four years ago - however, neither will entertain an application from someone who's had a recent CCJ. A default ( especially a mortgage default) A bankruptcy. Overdrafts and credit cards are the best way to evidence borrowing and repaying. We’re the largest mortgage provider to offer 95% Loan to Value (LTV) mortgages without using the Government’s mortgage guarantee scheme. 16 August 2020 at 7:05PM. Nationwide loan rates at a glance. Mortgage With Ccj. You’ll need to be over 55 and own your own home, but you don’t need to have paid off your mortgage completely to do this. If you don't want to change the mortgage, seek a better Nationwide mortgage offer. Panic. Fixed-rate mortgages. In the future, you can apply for a new loan on another property. While it will be more difficult, there are a number of mortgage lenders in the UK that will consider borrowers with CCJs. Date of birth. If the CCJ is registered more than 30 days. "I really struggled to get a mortgage as I had a CCJ and buying a 145k house on my own. Part of the global Pepper Group, Pepper Money is an award-winning UK-based specialist lender who takes a human approach to underwriting. Book Your Free Consultation 8am - 10pm, 7 Days a Week. It’s nigh-on impossible to be approved for these with a CCJ. uk. 5%, credit score flexibility, and both fixed and adjustable rates. It is still possible to be approved for a mortgage, albeit with less favourable terms. For any debt-related queries you’d like to discuss with us, please don’t hesitate to get in touch. 7. 00 Payable upfront. This fact sheet tells you the rules about when interest can and cannot be added to your county court judgment (CCJ) debt, if it is regulated by the. Mortgages with CCJs. We use "common sense" and will help you obtain the best loan possible. As the fastest-growing mortgage company in the country, we've built our success on transparency, education, and customer support. Settle or Reach a Repayment Agreement with the Lender or through the Court. However, as the buy to let property market continues to develop, more and more lenders are beginning to consider approving investors with CCJs; this. CCJs tell a mortgage provider that you may be a riskier investment than someone without one but, if the CCJ. 3 Inducements: regulated mortgage contracts, home reversion plans and regulated sale and rent back agreements 2. You can buy a home through shared ownership if both of the following are true: your household income is £80,000 a year or less (£90,000 a year or less in London) you cannot afford. Read The Mortgage Works’ lending criteria for buy to let and let to buy mortgages. Equity release is a mortgage product that allows you to access the money tied up in your home in the form of a loan. If you do not respond, the court could set payments at a rate you cannot keep up with. Income & Budgeting. Acceptable deposit (sources) Acceptable Equity Share loan holders. This was last August and things have obviously changed now but fingers crossed for you! Yes, it is possible to get a mortgage with a CCJ, but it can be more difficult than with a pristine credit report. Finding a buy to let mortgage can be difficult at the best of times, and the process is made no easier if you have adverse credit or a CCJ registered against you. But before you press ahead, it’s advisable to speak to a broker first. 85 would be payable per month. A county court judgment is a court order issued against a borrower who cannot repay their debts. Thrugelmir Posts: 89,546 Forumite. We can consider a maximum age at the end of the term of 75 years old for residential lending, however, where the mortgage term takes the borrower past either age 70 (before their 71st Birthday) or their. The. Buy to Let Mortgages with CCJ. Autumn Statement: Chancellor confirms pension and benefit rises – plus other key announcements and what they mean for you. A CCJ will show on your credit file for six years from the date of the judgment. This will harm your credit score even further. Explore our comprehensive guide on securing a mortgage with a County Court Judgement (CCJ). Having a CCJ associated with your name can put a negative impact on your credit file which could reduce your chances of obtaining a. 11 August 2017 at 11:13AM. Our approval by the United States Department of Veteran Affairs provides us the honor. However, with the kind of expert mortgage advice provided by CLS, all is not lost. 7. Hello So we have just got our credit files and it shows my husband has a CCJ from 5 years ago for £400 we didn't know about this. You have no settled accounts or history showing how you've handled credit in the past. Failing that, you can still apply for a mortgage with a CCJ appearing in your credit history. In short, I have a regular ‘Good’ wage 5-10k a month, I have a mortgage with LTV less than 50%, I have a credit card with a limit of £1400 and zero balance, I don’t have an overdraft, I don’t have any loans, or outstanding credit (other than Nationwide’) I’ve lived in the same house for 18years, I’m on the electoral register, I. Support for our mortgage customers. If the CCJ is within 2 years then the specialist mortgage lenders who may accept this and offer you a mortgage will expect the size of the CCJ to be around £2500 or less and the Loan to value they will likely offer will be 85% or less. Higher LTV criteria and top tips. Whatever your background or circumstances, we can help. If Halifax agrees to the new loan you can take the. However, you might have to pay higher interest rates than normal. Use the main board for electricity and gas, or explore the sub-boards for water and other fuels. Depending on your current deal, you can apply to switch at any time without an Early Repayment Charge and keeping the same mortgage account number. 0800 029 3757 Book Online NowThe minimum amount of deposit you can expect to get approved for a mortgage with a CCJ is 10% of the property’s value, but if your CCJ was registered recently or is for a high amount, 25% is more realistic. The rules can be used for some secured loans that were taken out before 21 March 2016 , contact us for advice. 85 would be payable per month. IT IS HEREBY AGREED by and between Nationwide, by its duly authorized officer, John D. 1A Regulated mortgage contracts: guidance on the meaning of“payment shortfall” 2. Gain insights into the impact of a CCJ on your credit report, options with specialist lenders, and the role of a mortgage broker. As you’re a first-time buyer, mortgage defaults won’t be an issue. Welcome to the LegalBeagles Consumer and Legal Forum. How to find a cheap mortgage. Green Home Mortgages New Build Mortgages. "I really struggled to get a mortgage as I had a CCJ and buying a 145k house on my own. If you have an issue with your credit history such as a County Court Judgement (CCJ), it is still possible that certain lenders will offer you a BTL mortgage. With a team of experienced Business Development Managers, located across England and Wales, we provide a dedicated service helping intermediaries place mortgages quickly and easily. Creditor takes money from your bank account. with TSB, you’ll be declined if you have a CCJ over £100 in the last 12 months. About Menu Toggle. borrowing more. We don't place you into a loan profile formula created by the banking industry. Acceptable income and proofs required. Please see the below tables for the type of income and proofs we accept. Courts also send details of new CCJs to the Registry Trust. The Nationwide Member Personal Loan charges 6. The more historical the judgement is (i. 89%. The good news is that there are plenty of specialist mortgages available to people who've had CCJs - with more than 20 lenders operating in this market. HSBC will consider applicants who have previously been declared bankrupt, provided they have been discharged for more than three years. The best option would be to pay off the CCJ amount and have its status updated to satisfied in your credit report. , we treat each customer as an individual, not a number. S. - 41% have a joint account just for bills. There are a few that might accept after 2 years clear, if you have no other adverse debt. Need more personalized advice? Select one of our mortgage experts to guide you through every step of your project. Review and submit your changes. Also be sure to request any survey reports that were carried out, especially if an issue with the property led to this outcome. Use the main board for electricity and gas, or explore the sub-boards for water and other fuels. Interest rates are at the highest they've been for many years, so getting the right mortgage can save you £100s each month. Nationwide, the Nationwide N and Eagle and other marks displayed on this page are service marks of Nationwide Mutual Insurance Company, unless otherwise disclosed. Mortgages. A CCJ would not be pursued by a creditor until all other avenues of redress have been exhausted. It is an action your creditors can take in the debt collection process. A teacher who was denied a mortgage owing to a County Court Judgement (CCJ) could have secured a loan with the right help, brokers have said. CCJs lower your credit rating and harm your ability to be approved for loans and mortgages. co. Had your Nationwide Mortgage Application declined? Don’t worry. So, if your. Contrary to the above advice I was told that Nationwide conduct a hard search at DIP stage. 6 stars based on over 4,800 reviews. . Fees and. 24 October 2014 at 9:35AM. Having a CCJ recorded on your credit report could affect your ability to get credit in the future, including your ability to find a mortgage. - 56% have a joint account just for bills. Total amount payable £11,661. However, this is just an average and it will really depend on your unique situation and what you are working to achieve. Robb McKinnon. By responding promptly and taking care. Getting a mortgage with a satisfied CCJ is possible. We specialise in CCJ mortgages for clients who are struggling to attain mortgages from high street lenders. Lenders want to understand if this is a one-off – perhaps you changed address and didn’t get the parking notices. For example, you could use it to explain why you fell behind with the repayments on a particular loan or credit agreement. Explore our comprehensive guide on securing a mortgage with a County Court Judgement (CCJ). 6K discussions 732. If they do not comply and I am stuck with a CCJ, what are my chances of securing a high street bank mortgage? Our budget is £350,000 and we currently have a. As an example Nationwide are really strict - they ask "Have you ever had a CCJ against you", so even trying to get round the 6 year limitation period. At Nationwide Mortgage, Inc. Clark obtained a residential mortgage loan from Eagle Nationwide for the purpose of refinancing their home. Our Mortgage Experts Online accredited advisors are specialists in arranging CCJ mortgages. We’ve signed up to the government’s Mortgage Charter. We’re the largest mortgage provider to offer 95% Loan to Value (LTV) mortgages without using the Government’s mortgage guarantee scheme. But it was a struggle to get a mortgage at that time with these CCJ's and a 10% deposit. Just wondering what are the. This means paying your bills on time and keeping your credit utilization low. Be prepared to explain the CCJ to the lender. The minimum amount of deposit you can expect to get approved for a mortgage with a CCJ is 10% of the property’s value, but if your CCJ was registered recently or is for a high amount, 25% is more realistic. Nationwide offers fixed rate and tracker rate mortgages to first-time buyers, home movers and homebuyers looking to remortgage. 3. Our mortgage broker software offers streamlined, simple, and efficient solutions for mortgage intermediaries, lenders, and business partners. I'd speak to a mortgage broker rather than a solicitor. A Notice of Correction is a short statement which you can use to add further information to an entry on your credit report. I only discovered this in 2016 when I checked my credit file with Experian, I immediately settled the CCJ. George and Katie went above and beyond. Why choose this provider? Sixth City Group is a mortgage firm that serves clients in Cleveland. 2 year fixed rate. Nationwide offers home insurance, auto insurance, life insurance and more to fit your budget and needs. Income Types. CCJ mortgages do not automatically accept applications from those with a CCJ. No additional court charges or anything on redemption statements. Possibly, but unlikely, the creditor goes back to court to ask permission to enforce the debt and gives the court a good reason as to why they haven't bothered to enforce the debt in the last 6years. Hi I have a charging order from Nationwide from a credit card. Hello. The lender will assume that you have to pay £600 per month for your credit card debt, and factor this into how much you can afford to pay on your mortgage. Mortgage Help. Age 35-49: - 37% have a joint bank account for everything. Nationwide, will only look at arrears that are a minimum of 6 months ago, however, you can’t have had more than 3 months of arrears in total. Nationwide’s gross mortgage lending falls by over third YOY to £12. High Level Criteria Minimum Maximum Residential mortgage loan amount £2,000,000 Buy to Let mortgage loan amount £1,000,000 Houses in Multiple Occupation (HMO) If you had a mortgage agreed in principle but were then declined after the underwriting process, this might be because there was an issue with your credit file. Can I Still Get a Mortgage If I Have a CCJ? If your CCJ appears to have been given to you falsely or you’ve paid the outstanding balance within 30 days, it might not make an appearance on your credit history. A country court judgement (CCJ) is a court-issued notice that requires you to pay a debt. two years or more) it would generally be ignored, paid or not. ¶ 68. Guarantor mortgages. Accountant's Certificate. Students. Borrowers must. It’s certainly possible to get a mortgage with a CCJ. 4 years ago that I had no knowledge of. Features some of the lowest rates in the market and flexible options tailored to your needs. Deals & Shopping. As the fastest. The Registry Trust operate the public Register of Judgments, Orders and Fines . Hi All Last year & in order to avoid court action being started against me by Nationwide BS, by their agents Shoosmiths, (I was advised on Get Out of Debt FreeUse our mortgage calculator to get a rough idea of what you could borrow - in just minutes. Additional borrowing. We use "common. g. Refinance. If your CCJ has been paid off: you stand an even better chance if the judgment is marked “satisfied. Discuss your utility providers, bills, usage and energy-saving tips. Best Egg – Best for unsecured personal loans for debt consolidation. Incidentally, that does not mean if you have larger value CCJs you cannot get a mortgage, but you should expect to have to accept a lower LTV – say 65% to 75%. CCJs (County Court Judgement) DMPs (Debt management plans) IVA (Individual Voluntary Agreement). Our guide talks you through how to find the best deal, where to look for a good mortgage broker and other key need-to-knows. Your agent will be happy to review the details with you. CCJs are generally taken into account in credit scoring however background details are required. I need some advice, I recevied a CCJ in 2009 (due to my father not paying rent which i wasnt made aware of until it was too late) which I didnt pay off untill Jan 2012 (due only to be a silly young naive student!!), the payments where a minimum for a few years due to not earning alot at university, but I didnt managed to pay a lump sum off to. Welcome To Nationwide Mortgage, Inc. Choose an expert. Over the phone. Having multiple CCJs can also make it harder to get a mortgage. . . For example, Nationwide launched a 90% LTV mortgage, and stipulated that buyers would need to prove at least 75% of their deposit came from their own savings. Repayment mortgages explained. 3. credit score: 600 Loan term: 36 to 60 months Loan amount: $2,000 to $50,000 What to know: If you have a credit score of at least 600 and a personal annual income of more than $100,000, you may qualify for Best Egg’s lowest APR rates. Updated on November 24, 2023. Id. Hollingworth says there is little choice in 95% loan-to-value mortgages: Skipton building society is lending at 5. 99 Trophy Club Drive, Trophy Club, TX 76262. Any advise is greatly recived please Looking to purchase a house £220,000, deposit £45,000. If it was within two years, a CCJ over £2,500 further complicates your mortgage application. Nationwide loan rates at a glance. While this is a good guideline to follow, it’s not a hard and fast rule when refinancing a house. Find your policy and pay your bill online here. Number of CCJs: having more than one (1) CCJ can severely limit mortgage options. press@companieshouse. For intermediary use only. On average, 10% of mortgage applications are declined each year - so rest assured you’re not alone!With Nationwide, the whole remortgage process typically takes around 10 weeks on average.