Do mortgage lenders write to your employer?

John424

Hi,

I have been on contract with my employer for 2 years and still going strong. I want to remortgage with a new lender but would I get away with putting permanent on the job front? Clearly this will stand me in better stead but if a mortgage lender writes to my employer I could be rumbled. Any thoughts out there?

John

Senior_Paper_Monitor

Quite often they do.

Even more often they examine your payslips and your bank statements.

Any of those actions are likely to identify the issue you are trying to hide (I expect subsequent contributors to use stronger terms), with high certainty of retraction of offer (possibly after expenses have been incurred) and some chance of a mention on National Hunter which will knacker any future chances of a mortgage.

Might it be easier and more sensible to go to a lender who will accept your employment status ?

dazedandconfused_123

Agree with the above....Some lenders will use the fact you've "bent the truth" to decline you, and other lenders won't look on this well!

TBH Your best chance of a lender not writing to your employer is if you go to the lender you've got your current account with (and they can see regular credits on your bank account), of course they may not be competitive so this may not be an option..... (this is only in my experiance and not a gaurentee)

_Andy_

John424 wrote: »

Hi,

I have been on contract with my employer for 2 years and still going strong. I want to remortgage with a new lender but would I get away with putting permanent on the job front? Clearly this will stand me in better stead but if a mortgage lender writes to my employer I could be rumbled. Any thoughts out there?

John

Right so you're wanting to make a fraudulent application. Not a great start is it?
Sorry, forgot that fraud on the MSE forums is very much the 'in thing' and I'm sure I'll get shot down in flames for daring to suggest that you state the truth on the application

John424

So the answer is 'quite often they do'? My payslips and P60s look like I am permanent as I am salaried there so no building society/bank would know unless they wrote. Approaching my lender, biggest in the market (?), was useless, seriously uncompetitive offer for a five year fix, no wonder they haven't been in best buy tables for years. Andy, save the lesson in morality please, I don't have morals, I have a family to feed in face of a immoral govt and system trying to fleece me!

_Andy_

John424 wrote: »

So the answer is 'quite often they do'? My payslips and P60s look like I am permanent as I am salaried there so no building society/bank would know unless they wrote. Approaching my lender, biggest in the market (?), was useless, seriously uncompetitive offer for a five year fix, no wonder they haven't been in best buy tables for years. Andy, save the lesson in morality please, I don't have morals, I have a family to feed in face of a immoral govt and system trying to fleece me!

How exactly is the 'system' trying to fleece you? By lending responsibly? Shame on them, how dare they.
This forum is an absolute farce these days

Thrugelmir

[QUOTE=John424;47713063_My_payslips_and_P60s_look_like_I_am_permanent_as_I_am_salaried_there_[/QUOTE]

Are you a contractor on the Company payroll? Or a temp employed by the Company?

Wh05apk

If you have been on a contract for 2 years, then most lenders would be happy with that, I'm currently dealing with a mortgage for a professional sportsman, who has only had a contract for 18 months (and his career could be ended any day through injury) so I am sure that if you have been with the same company in a "proper job" for 2 years you will have no problem.

Don't risk it, speak to a broker, who can place your application with the right lender.

Yorkie1

John424 wrote: »

Andy, save the lesson in morality please, I don't have morals, I have a family to feed in face of a immoral govt and system trying to fleece me!

And just how would your family be fed if you were a) refused a mortgage for a fraudulent application; b) put on the blacklist on National Hunter for trying to make a fraudulent application - thus affecting your ability ever to get a mortgage, credit card, loan; c) had your current mortgage called back in because of your actions; d) worst case scenario prosecuted for fraud?

You are entitled to your opinion about the government but the system is only trying to ensure you tell the truth.

silvercar

OH deals with this in his firm. Sometimes employees warn him to expect an information request and the request never arrives.

He always discusses his response with the employee. He never lies obviously, but if there was a contractor with 2 years service and there were no plans not to extend the contract, he would say so in the reply, rather than just saying " contractor".

dippy

John424 wrote: »

So the answer is 'quite often they do'? My payslips and P60s look like I am permanent as I am salaried there so no building society/bank would know unless they wrote. Approaching my lender, biggest in the market (?), was useless, seriously uncompetitive offer for a five year fix, no wonder they haven't been in best buy tables for years. Andy, save the lesson in morality please, I don't have morals, I have a family to feed in face of a immoral govt and system trying to fleece me!

Oh dear!!! You've got this soooooo wrong!!

It's not a question of morals but a criminal act that can lead to court and possibly prison, depending on the amount of money that you're attempting to defraud your future mortgage provider.

Do you really want to run of the risk of the bank calling in the loan in between exchange and completion (read the other horror stories, and penalties for not completing on time, and loss of deposit) or at any time after completion where the bank can recall the mortgage and expect it to be paid in full, there and then, just because you have committed a fraudulent application, plus a referral to the police and crown prosecution service!!! :T