Halifax Underwriters

Touchdown49

I have now heard that the Halifax carry out an automated credit check prior to giving an AIP or Mortgage Promise, then a manual credit check when the final application is received. They only check your current and previous address with the automated check but your previous addresses before that in the manual check. I still can't see why I was turned down twice and I can't see how this will be better this time around, but it does explain how some people are agreed initially then turned down by head office.

Let me know how you all get on with the underwriters, I will update you all when I hear anything. Still not very confident though.

crispy_chris

National Hunter is a fraud defense agency. The only reason N Hunter would have caused a rejection is if you were found guilty of committing fraud against another bank.

Touchdown49

As an update, I have been turned down again by the Halifax underwriters and not told why. The last year my record has been clean, but I still have a default for £570 from 2008 which was cleared early in 2009. I presume that this now means that I will have to wait 5 years for the default to clear, meaning that I will be 47 and have no chance of a mortgage. So, earning 51k basic with annual bonus I will now be renting for the rest of my life, with my family, because my wife ended up getting a default on my catalogue for £570 ? Does this seem unfair or am I clearly the type of person who does not deserve a mortgage and stability for my family because I have this default which is like an albatross round my neck.

Do I have any options at all ?

beecher2

Why will you have no chance of a mortgage at 47?

Build up your deposit, make sure your credit file is as good as it can be from now on with no late payments and see where things go in the next few years.

sort out your overdraft too as on the other thread you said you were going above it frequently. Go onto the Debt free Wannabee forums for help in budgeting.

Touchdown49

It's not that easy with 3 kids to keep building up a bigger deposit and save money every month. My over draft is sorted now, I havent gone over for at least 6 months.

I am doomed.

beecher2

Touchdown49 wrote: »

It's not that easy with 3 kids to keep building up a bigger deposit and save money every month. My over draft is sorted now, I havent gone over for at least 6 months.

I am doomed.

Well it may not be easy, but they'll give you help. If you post a Statement of Affairs, you'll be amazed by how much people can help you save. At the moment you will appear to be too big a risk - 6 months without going over your agreed mortgage isn't wonderful to be honest. The situation may change in the next few years, but only if you work at it.

Touchdown49

But the Halifax dont ask for bank statements so are unaware of my account details. My point here is that I think the whole system is totally unfair where I now have to wait until I am 47 to get a mortgage just because I decided to relocate to find a better life for my wife and 3 young kids, only to find a £570 default which wasn't my fault, is stopping me. My other credit history is fine, I should never have relocated.

beecher2

Touchdown49 wrote: »

But the Halifax dont ask for bank statements so are unaware of my account details. My point here is that I think the whole system is totally unfair where I now have to wait until I am 47 to get a mortgage just because I decided to relocate to find a better life for my wife and 3 young kids, only to find a £570 default which wasn't my fault, is stopping me. My other credit history is fine, I should never have relocated.

Doesn't going over your overdraft show up on your credit file?

No point in dwelling over what has happening, or in blaming it on others. Move on and take control rather than feeling sorry for yourself is my advice, and you can get help on other forums on here.

Touchdown49

Your bank statement does not show up on your credit file, some lenders ask for it, some don't.

It is very easy for many on here to say that 1p over you overdraft limit means you are virtually a tramp and should be shot at dawn rather than be lent money, but back in the real world this is often the case. A small proportion of people have perfect credit history and spotless bank accounts, especially people with kids. My point is not self-pity, it is a statement of how unfair the current mortgage system is when one flaw means failure. If everybody was perfect, there would be no discussion, we would all walk around like zombies with our perfect heads in the sand.

beecher2

Touchdown49 wrote: »

It is very easy for many on here to say that 1p over you overdraft limit means you are virtually a tramp and should be shot at dawn rather than be lent money, but back in the real world this is often the case.

I can't recall anyone ever saying that, and it certainly wasn't the point I was attempting to make.

Banks can choose who to lend to - what you have to do is make yourself a more attractive lending proposition than you are at the moment. Help's on these forums if you decide you want it.