Turned down by Barclays for moving mortgage

gibhouse8

happybroker wrote: »

Woolwich are as keen as mustard on late payments at the moment, more so than other high street lenders. You may well be able to get the required finance though I doubt the Woolwich will allow you to port....sorry.

Happybroker - is this still correct to date? Don't know if you've seen my new post relating to having difficulty getting a mortgage but part of that is late payments. Do you think Woolwich might consider us for a 85% ltv mortgage even with these? Thanks

DVardysShadow

RX-78 wrote: »

I was promptly turned down by Barclays/Woolwhich over the phone upon saying the word "selfemployed" and "recent" in the same sentance.

I went into my local branch shortly after to organize transfer of my account to HSBC who has offered the mortgage. When the manager looked at my account he asked why I decided not to get a mortgage with them as I've been with them for 15 years, had over 30k in deposit and no bad credit with them and a good job (I work right across the street). He looked truely gutted when he realized some young inflexible advisor decided its a no go purely based on the two words and failed to pay attention to anything else, especially as I've told him I'll be moving all my business to HSBC now.

HSBC whilst been inefficient (we had to go there 4 times before they finally made a formal offer) used some common sense to look at my case. Mind you, looking at the forum it may be just be my local branch that was flexible though....

Just possibly you would have got a better result going via your local manager?