Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Narkynewt
    • By Narkynewt 7th Sep 17, 10:34 AM
    • 118Posts
    • 23Thanks
    Narkynewt
    Mortgage advisor hasn't declared my defaults even though I asked him to...
    • #1
    • 7th Sep 17, 10:34 AM
    Mortgage advisor hasn't declared my defaults even though I asked him to... 7th Sep 17 at 10:34 AM
    Ok so our mortgage application has been submitted this morning to Halifax. We are applying for a mortgage of £160,000, we have a £53,000 deposit (£10,650 from us the rest help to buy loan) the house is being bought for £213,000.

    My income is £24,500 and my partners is £21,500 we don't owe a penny on any credit cards or store cards.

    I have 2 defaults from late 2012 (one for £648, the other £192 from my stupid uni days) which my mortgage advisor said won't be a problem because they are so old and since then my credit file is exemplary since then as is my partners. Other than these 2 defaults we have never had a late payment for anything.

    I asked him to disclose these on our application asked and he said he would.

    I just spoke with him and he advised me he was about to submit our application, and he took the valuation fee of £430.

    I then went through a few bits and I reiterated that the defaults were on the application and he said 'No, you don't tell them anything until they ask'...... I was and bit taken aback because I have said to him quite and few times I want it going on the application.

    He said if the come back and ask any questions he will tell them I had disclosed it to him.

    Does this sound right? Has anyone had any luck with Halifax recently with defaults on their credit file?

    So stressed about everything at the moment, any advice will be much appreciated.
Page 1
    • steampowered
    • By steampowered 7th Sep 17, 11:16 AM
    • 1,906 Posts
    • 1,782 Thanks
    steampowered
    • #2
    • 7th Sep 17, 11:16 AM
    • #2
    • 7th Sep 17, 11:16 AM
    I'm no expert, but wouldn't Halifax see these defaults from their standard credit check?

    It might be worth asking the broker for a copy of the mortgage application form. If there is a question which requires you to specifically declare any defaults, they should obviously be declared. But if they don't ask the question, then it seems fine.
    • Narkynewt
    • By Narkynewt 7th Sep 17, 11:21 AM
    • 118 Posts
    • 23 Thanks
    Narkynewt
    • #3
    • 7th Sep 17, 11:21 AM
    • #3
    • 7th Sep 17, 11:21 AM
    Yes they will see them anyway, that's what he has said, they will see them any way so no need to disclose. Am just stressing and need a bit of reassurance I suppose, I will ask him to send me a copy of the application , thanks x
    • kingstreet
    • By kingstreet 7th Sep 17, 11:55 AM
    • 32,271 Posts
    • 17,301 Thanks
    kingstreet
    • #4
    • 7th Sep 17, 11:55 AM
    • #4
    • 7th Sep 17, 11:55 AM
    There is no detailed disclosure.

    There is a radio button next to;-

    "Have any applicant(s) had a County Court Judgement or default registered against them or if self employed against their business?"

    which should be pressed for yes if these are dated within the last six years.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
    • SeduLOUs
    • By SeduLOUs 7th Sep 17, 12:09 PM
    • 2,093 Posts
    • 2,477 Thanks
    SeduLOUs
    • #5
    • 7th Sep 17, 12:09 PM
    • #5
    • 7th Sep 17, 12:09 PM
    In relation to you other thread I've recently been approved with Halifax with a default on file from 2011. The default (for £1200) has since dropped off in July but was present when I got my final mortgage offer after valuation.

    I didn't see the application form the broker submitted but Halifax did check my credit file twice so would have known about the default.

    For info I'm a single applicant borrowing £84k with a deposit of £40k.
    • Narkynewt
    • By Narkynewt 7th Sep 17, 12:28 PM
    • 118 Posts
    • 23 Thanks
    Narkynewt
    • #6
    • 7th Sep 17, 12:28 PM
    • #6
    • 7th Sep 17, 12:28 PM
    There is no detailed disclosure.

    There is a radio button next to;-

    "Have any applicant(s) had a County Court Judgement or default registered against them or if self employed against their business?"

    which should be pressed for yes if these are dated within the last six years.
    Originally posted by kingstreet
    I am guessing he would have pressed yes! As they were 4 years 8 months ago... what a silly girl I was!

    Fingers crossed for me
    • Narkynewt
    • By Narkynewt 7th Sep 17, 12:29 PM
    • 118 Posts
    • 23 Thanks
    Narkynewt
    • #7
    • 7th Sep 17, 12:29 PM
    • #7
    • 7th Sep 17, 12:29 PM
    In relation to you other thread I've recently been approved with Halifax with a default on file from 2011. The default (for £1200) has since dropped off in July but was present when I got my final mortgage offer after valuation.

    I didn't see the application form the broker submitted but Halifax did check my credit file twice so would have known about the default.

    For info I'm a single applicant borrowing £84k with a deposit of £40k.
    Originally posted by SeduLOUs
    50% ltv is a much lower rusk to the bank but I am happy to see they still take applicants with defaults. Thank you for replying.
    • saajan_12
    • By saajan_12 7th Sep 17, 2:28 PM
    • 965 Posts
    • 655 Thanks
    saajan_12
    • #8
    • 7th Sep 17, 2:28 PM
    • #8
    • 7th Sep 17, 2:28 PM
    For info I'm a single applicant borrowing £84k with a deposit of £40k.
    Originally posted by SeduLOUs
    50% ltv is a much lower rusk to the bank but I am happy to see they still take applicants with defaults. Thank you for replying.
    Originally posted by Narkynewt
    surely that's 68% LTV (borrowed amount / total property value is what counts)
    • Narkynewt
    • By Narkynewt 8th Sep 17, 7:41 PM
    • 118 Posts
    • 23 Thanks
    Narkynewt
    • #9
    • 8th Sep 17, 7:41 PM
    • #9
    • 8th Sep 17, 7:41 PM
    surely that's 68% LTV (borrowed amount / total property value is what counts)
    Originally posted by saajan_12
    I didn't do the maths sorry and I was extra tired, that's my excuse and I am sticking with it

    Valuation has now been booked in so we have passed the credit checks
    • Narkynewt
    • By Narkynewt 29th Sep 17, 9:24 AM
    • 118 Posts
    • 23 Thanks
    Narkynewt
    Full offer received! Move in 3 weeks!
    • eddddy
    • By eddddy 29th Sep 17, 9:56 AM
    • 5,439 Posts
    • 5,114 Thanks
    eddddy
    Full offer received!
    Originally posted by Narkynewt
    Excellent news!

    Move in 3 weeks!
    Originally posted by Narkynewt
    Ummm... have you exchanged contracts?
    • Narkynewt
    • By Narkynewt 20th Oct 17, 2:52 PM
    • 118 Posts
    • 23 Thanks
    Narkynewt
    Exchanged today, move next week!
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

5,162Posts Today

8,688Users online

Martin's Twitter