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Abbey Mortgages

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  • cococoladebt
    cococoladebt Posts: 221 Forumite
    personal experience.

    Tried applying for a mortgage dec 09, a day before completion they withdrew the offer because I lived at too many addresses whilst at univeristy. Couldn't they have just said this at the offset? Still annoyed - so much time wasted.
    Credit Card Debts: £11,605.95/£16,240.53 - 71% paid off.

    £4,634.61 credit card debt remaining. Aim for credit card debt free before     [STRIKE]October 2011[/STRIKE] December 2012. In debt since 2004.
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Fair point, I can see why you would be annoyed.

    Did you apply direct or through a broker?
    I am a Mortgage Adviser
    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.
  • Vortex566
    Vortex566 Posts: 47 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Sorry to hear that LisaB1970! Did they give you any reasons why? Could it be because of the 17K of credit you have? I'm just going to keep everything I can crossed and hope that mine comes back, as an accept.
  • cococoladebt
    cococoladebt Posts: 221 Forumite
    GMS wrote: »
    Fair point, I can see why you would be annoyed.

    Did you apply direct or through a broker?

    direct. for some reason I have never belived in going through a broker, I guess I like getting involved and searching for deals.

    I am waiting for a mortgage to go through with Northern Rock at the moment - again direct. Spoke to lawyers today, they were happy with the tenancy agreement - had to chase as I originally sent the agreement two weeks ago but said they hadn't received it - so they will confirm with northern rock if they are happy to go ahead with the remortgage. Lawyers will then call me to advise on a completion date next week. fingers crossed.

    Sorry for going off topic here... back to santander
    Credit Card Debts: £11,605.95/£16,240.53 - 71% paid off.

    £4,634.61 credit card debt remaining. Aim for credit card debt free before     [STRIKE]October 2011[/STRIKE] December 2012. In debt since 2004.
  • LisaB1970
    LisaB1970 Posts: 158 Forumite
    They didnt give a reason Vortex - well my MA didnt give a reason. Its so frustrating!
  • kford224
    kford224 Posts: 214 Forumite
    I spoke to Santander yesterday and apparently they have received all the paperwork and it has now been formally approved. (I assume this means it's been through underwriting?!) They are sorting a survey out for next week. So far, so good..... :)
  • kford224
    kford224 Posts: 214 Forumite
    LisaB1970 wrote: »
    They didnt give a reason Vortex - well my MA didnt give a reason. Its so frustrating!

    That really sucks, sounds like you're in a good position to get a mortgage?! :(
  • LisaB1970
    LisaB1970 Posts: 158 Forumite
    kford224 wrote: »
    I spoke to Santander yesterday and apparently they have received all the paperwork and it has now been formally approved. (I assume this means it's been through underwriting?!) They are sorting a survey out for next week. So far, so good..... :)


    Thats brilliant news! I've done a bit of digging this morning and found out it was refused on affordability. I dont know why because we are well within their criteria. I think my MA may have cocked up somewhere but cant get hold of him until monday!

    Hope all goes well for you :)
  • Vortex566
    Vortex566 Posts: 47 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    LisaB1970 wrote: »
    Thats brilliant news! I've done a bit of digging this morning and found out it was refused on affordability. I dont know why because we are well within their criteria. I think my MA may have cocked up somewhere but cant get hold of him until monday!

    Hope all goes well for you :)

    Good luck LisaB1970, but I'm sure you will get something sorted! I've found out that applying for a mortgage is too stressful!
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    LisaB1970 wrote: »
    Thats brilliant news! I've done a bit of digging this morning and found out it was refused on affordability. I dont know why because we are well within their criteria. I think my MA may have cocked up somewhere but cant get hold of him until monday!

    Hope all goes well for you :)

    Have you tried the Abbey affordability calculator?

    Your broker should have done this really. Have a look and see how far out you are.

    Include any additional income such as tax credits, child benefit etc
    I am a Mortgage Adviser
    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.
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