Abbey mortgage application

vicki488

Hi everyone, I hope you are well!

This is a long shot but I don't suppose anyone knows whether Abbey ask whether you have ever had an IVA in their mortgage applications? I'm desperately trying to find a 90% mortgage but I was discharged from an iva a year ago. I've read a post on here from someone saying they got a mortgage thru them in November and like me needed 90% and was a year since their discharge but they used a broker and I can't really afford to be paying broker fees.

Thanks

Meeper

They ask if you have ever had any CCJ's, Defaults or missed payments on any credit facilities.

GMS

Abbey will decline the application.

Taken from criteria:

If you answer yes to any of the following questions,

unfortunately we will decline the application.

16. Ever been bankrupt or subject to an IVA?

Wh05apk

90% and an IVA do not mix, I will be surprised if you can get 85% LTV let alone 90%, at 90% lenders are very picky.

KingElvis

No, this would be a decline as per their MATS website.


If you answer yes to any of the questions below, unfortunately we will decline the application.

1. 1. Are the customer(s) unable to provide written confirmation of all types of income, which will be used in the application?
   2. Is this a Buy To Let application?
   3. Is this a Guarantor application?
   4. Is this a Shared Equity application?
   5. Is this a Low Cost Housing/Restricted Resale Covenant application?
   6. Is the property being purchased by, from or connected to a Property Investment Club?
   7. Are all the customersunemployed?
   8. Are any of the customers under 18?
   9. Will any customer be over the age of 75 at the end of the mortgage term?
   10. Will an occupier who is not an applicant on the new mortgage application be paying a lump sum towards the purchase of the property?
   11. Will the customer or their immediate family live in less than 40% of the property either on completion of the mortgage or at a later time?
   12. Is the customer remortgaging an Alliance & Leicester mortgage to Abbey?
   13. If this a remortgage application, does the customercurrently not occupy the property?
   14. Is this a type of property or loan that we do not lend on?

Also, has any customer on the application ever:

1. 1. Had a property repossessed by a Mortgage Lender?
   2. Been Bankrupt or subject to an IVA?
   3. Had a criminal conviction, unless the conviction is for a minor traffic offence, or spent under the Rehabilitation of Offenders Act 1974.?

vicki488

Thanks everyone, I was quite suprised how one of the members said that they have been given the go ahead on a 90% with them and they have only been discharged for a year. I have tried to message them but haven't had a response.

Wh05apk

vicki488 wrote: »

Thanks everyone, I was quite suprised how one of the members said that they have been given the go ahead on a 90% with them and they have only been discharged for a year. I have tried to message them but haven't had a response.

I suspect they "forgot" to mention it! let's hope for their sake they don't get found out.

catieeb06

Nationwide are the only ones I know who will consider an IVA after being discharged for just 1 year.

I would certainly say that more deposit would be adviseable.