We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Adverse mortgage app - bump
Rocket1971
Posts: 48 Forumite
IF ANYONE HAS ANY INPUT RE THIS POST WOULD BE VERY MUCH APPRECIATED MUST BE SOMEONE WHO HAS SOME ADVISE BEIT GOOD OR BAD
If you are reading this and can give me any good replies please do so as my brain is doing overtime and I will probably give myself a heart attack before the weekend is out!
My story is as follows:
In Jan 09 requested arrangement to pay on my credit cards, got agreements in place and managed payments plans effectively and still do with some coming off the arrangement and going back to normal terms, natwest and captial one both put defaults on my account even though I have it in writing along with a note of the dates and times I spoken to them which state they would not put a default on my account, 2 cards have been paid off.
In March this year my Mother died leaving her property to me valued at £300K with a mortgage of £45K on it.
I have a property also valued at £300K with a mortgage of £175K on it which I have had up for sale as well as to let as we want to move.
No interest to buy at present but couple wanting to let for minimum of 1 year which if this works out suits us.
In the mean time we have found a new property which we have made an offer on but due to us not selling our house in time will rent it out for £1050.00 per month as well as the inherited house renting for £1050.00 per month.
We applied to the halifax to have BTL mortgage on our property, a BTL on the inherited property with a FA of £114K to cover shortfall of new property as we would only quality for £277K mortgage, halifax turned us down due to my defaults (I have now raised this with credit expert as a dispute) as credit score shows 900 with marker as good although from reading on here that means absolutely nothing.
My mortgage broker has now applied to a "master broker" who has in turn put a application to the underwriters for approval.
Has anyone out there been in a similar situation and had a mortgage approved if there have similar credit history to mine, it will be a 1 year fixed deal albeit at a slightly higher the normal rate but after the year there is no ERC and we can then port again to a more attractive rate and hopefully our home will have sold so we will have a min of £100K to put into the pot as well as paying off the £175K mortgage on it.
The application was submitted on Thursday but have not heard anything back yet, my broker has said he thinks it could be a case of mine in the pile to process and if we was going to be declined we would have known by now?
No CCJ or IVA involved all agreements arranged with credit card companies direct, I have checked the equifax site and that marks a default but does not even note the payments that have been made every month since January 2009, I have also raised a dispute with them, at least on credit expert my payments are clearly shown.
thanks in advance to any of you who reply
If you are reading this and can give me any good replies please do so as my brain is doing overtime and I will probably give myself a heart attack before the weekend is out!
My story is as follows:
In Jan 09 requested arrangement to pay on my credit cards, got agreements in place and managed payments plans effectively and still do with some coming off the arrangement and going back to normal terms, natwest and captial one both put defaults on my account even though I have it in writing along with a note of the dates and times I spoken to them which state they would not put a default on my account, 2 cards have been paid off.
In March this year my Mother died leaving her property to me valued at £300K with a mortgage of £45K on it.
I have a property also valued at £300K with a mortgage of £175K on it which I have had up for sale as well as to let as we want to move.
No interest to buy at present but couple wanting to let for minimum of 1 year which if this works out suits us.
In the mean time we have found a new property which we have made an offer on but due to us not selling our house in time will rent it out for £1050.00 per month as well as the inherited house renting for £1050.00 per month.
We applied to the halifax to have BTL mortgage on our property, a BTL on the inherited property with a FA of £114K to cover shortfall of new property as we would only quality for £277K mortgage, halifax turned us down due to my defaults (I have now raised this with credit expert as a dispute) as credit score shows 900 with marker as good although from reading on here that means absolutely nothing.
My mortgage broker has now applied to a "master broker" who has in turn put a application to the underwriters for approval.
Has anyone out there been in a similar situation and had a mortgage approved if there have similar credit history to mine, it will be a 1 year fixed deal albeit at a slightly higher the normal rate but after the year there is no ERC and we can then port again to a more attractive rate and hopefully our home will have sold so we will have a min of £100K to put into the pot as well as paying off the £175K mortgage on it.
The application was submitted on Thursday but have not heard anything back yet, my broker has said he thinks it could be a case of mine in the pile to process and if we was going to be declined we would have known by now?
No CCJ or IVA involved all agreements arranged with credit card companies direct, I have checked the equifax site and that marks a default but does not even note the payments that have been made every month since January 2009, I have also raised a dispute with them, at least on credit expert my payments are clearly shown.
thanks in advance to any of you who reply
0
Comments
-
Please don't start a new identical thread just because your thread started 45 minutes ago hasn't yet had any replies.
Cross-posted. https://forums.moneysavingexpert.com/discussion/33762960 -
You now have a reply on the other thread so it is least confusing to other posters and yourself if all replies are confined to that thread.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards