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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Help needed from Mortgage Advisors please!!
Comments
-
You need to check your Experian and Equifax reports and check the defaults are registered on both.
The issue with a lender checking the "real risk" and manually underwriting your case does not really kick in until a 20% deposit.
At 90% most building societies insure the risk and therefore they are unlikely to get insurance.
Halifax are the more lenient of the big boys. Who do you both bank with? - This may also helpI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it.This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Lloyds... again, soft footprint, but the computer said no...
but then 2 days later they gave me a platinum credit card to help improve my score?! it can't have been that low to get that?!0 -
paddyandstumpy wrote: »thanks all, its really helpful to get so many opnions.
We applied through Halifax first as they leave a soft footprint, but were turned down because of my credit score. I am after a lender who actually looks at the risk, my 24 month history is perfect; we've managed to save £18k in a year showing how disaplined we are...
It annoys me when 'the computer says no'...
The defaults I have are all fully settled, I dont owe a penny (what a feeling!!)
Any mortgage brokers able to help please feel free to PM me.
You are after a lender who looks at the risk? Halifax are one of the most lenient!
In terms of risk, it doesn't get much higher than a 90% ltv mortgage to someone with a default, and someone who is self employed but without a long term track record with respect to income!I am a mortgage adviser.You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
I'm starting to get that feeling...
I guess because of my job (I'm an insurance underwriter) i just want the mortgage equivalent of me to give me a break!0 -
paddyandstumpy wrote: »Lloyds... again, soft footprint, but the computer said no...
but then 2 days later they gave me a platinum credit card to help improve my score?! it can't have been that low to get that?!
Might be a soft foot print, but ultimately Lloyds are the same group as Halifax, and traditionally are/were one of the most cautious.I am a mortgage adviser.You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards