Forms to produce when signing loan papers?

The_Dark_Defender

Will it affect my rating as it stands? I mean, will they take note of this?

The_Dark_Defender

So how should the conversation go, I'd like to ring them first thing in the morning to clear up this situation.

Bank: Hi, how can I help you?
Me: Hi, I recently got approved for a graduate loan but some of the details I provided are not correct.
Bank:...
Me:....


If you could help me with this that'd be great. Have a feeling I'll mess this up!

Scousebird_2

Explain that you have referred to your contract of employment and that you are in fact on a contract and not permenent and you were a little unsure during your application of which you were classed as. You can only provide the facts. The PPI may need to be reviewed by the Underwriters because your risk factor will of changed and therefore-you may need to have this re-underwritten.

Don't worry though, you made a mistake, at least you have admitted it and you are doing something about it.

The_Dark_Defender

Still think I'll get approved?

Scousebird_2

It depends-have you spent the money?? Have the funds been put into your account?? You can only ask! Other than that-I just don't know. Good luck though. It's best to be honest-trust me!

TheKeyMaker

Broadly speaking, every job is temporary! I was hired 3 years ago for a 6 months contract and here I’m, going into the 4th year in the same job, and I found there permanent peoples who have been made redundant many moons ago.
I have a friend who is permanent, and when his building society enquiry his employer about being permanent of not, the employer replied: “He is permanent, for now…”
I think the banks want to get a sense that you have been in the same job for a while, and this job will not end, let say next month; more like if you’re “employable” even under the current economy circumstances.
Then there’s a traditional rhetorical question: “how permanent is your permanent job?”
MY VIEW is that you should not worry about that, as you seen employable and currently hold a job which has been around for long enough that the lender did consider you for a loan.
To me, questions about morality should be addressed to the employers who make redundant thousands and thousands permanent staff on daily basis – just watch the news…

The_Dark_Defender

Cheers for the replies

What to do!

jonesMUFCforever

Phone them up and see what they say.

As for the Keymaker it is deemed that you are in permanent employment if you have been with the same company even from an agency for 24 months or more continuously.

The_Dark_Defender

Thanks for the advice guys. I rang them and told them that I was a contractor and they said that was fine, so no change there.

One question though - I'm expecting to purchase a tv soon with my own funds...even though this is probably coming under the title 'holiday loan/whatever' will they look unfavourably at this purchase? What I'm asking is this - once I get the loan transferred to my account, is the only thing they're worried about is the repayments?

The_Dark_Defender

Anyone have any idea?