lender has switched products.

smnb08

my broker has adviced me today that the lender who my application is with has changed my product from minor to light as i have actually missed 2 mortgage payments in the last 12 months but i havent and have since double checked and i definately only missed 1.
she is going back to them with this but my question is as they had moved me to the next product is it likely i will get an offer??
figured it wouldnt be worth them doing it otherwise.

_Andy_

Were any of the other months partial payments? Sometimes these get recorded as missed.

Ian_Griffiths_Halifax

smnb08 wrote: »

my question is as they had moved me to the next product is it likely i will get an offer??
figured it wouldnt be worth them doing it otherwise.

I would guess that it's a 90% certainty. The question is, what interest rate will they charge and will they reduce the loan amount to a lower loan to value ratio product.

smnb08

yes one month i paid the mortgage in 3 parts so i guess this is why.
as they have changed products is there still a chance it could get declined?

_Andy_

smnb08 wrote: »

yes one month i paid the mortgage in 3 parts so i guess this is why.
as they have changed products is there still a chance it could get declined?

Unlikely by the sounds of it.

smnb08

Ian_Griffiths_Halifax wrote: »

I would guess that it's a 90% certainty. The question is, what interest rate will they charge and will they reduce the loan amount to a lower loan to value ratio product.

i have looked up there product guide and for the rate they have quoted (8.8%) they still allow 75% ltv so they cant get me on that one lol.

minimike2

smnb08 - Has your application been transfered to a new packager now?

smnb08

i dont think so the packager is still solent as far as im aware why?

minimike2

Solent went bust last week!

smnb08

oh my ****!!
what will happen to my application then???

smnb08

is this possibly why my broker is avoiding me then??