Mortgage offer in principle.... But I'm concerned...

Thrugelmir

tink_1983 wrote: »

Just checked online and my husbands ccj is showing as unsatisfied.

Have you taken remedial action?

kingstreet

tink_1983 wrote: »

Bumping for the experian expert if he is about :-)

You need to do this during office hours.

Conrad

Dave_Ham wrote: »

Stop worrying - you will be fine

It might be fine, NO ONE can tell, it's down to how beady eyed the underwriters are.

tink_1983

Thrugelmir wrote: »

Have you taken remedial action?

we have written to the court that issued the ccj to see who it was sold onto and then we can chase them, as husband is sure that this is all paid off. is there anything else we can do?

Dave_Ham

Conrad wrote: »

It might be fine, NO ONE can tell, it's down to how beady eyed the underwriters are.

Actually I can tell, Halifax do not cross reference financial associates in this manner.

This is a fact and the only issue would be deposit and declaring that OH will be living in the property, but again these should be fine.

It will make no odds to your sole application if the CCJ is showing as satisfied or not, although obviously good practive is to get this resolved.

tink_1983

This is a fact and the only issue would be deposit and declaring that OH will be living in the property, but again these should be fine.

-thanks dave...
what issues do you mean by deposit etc? aslong as deposit comes from my account is that okay? do i have to declare he will be living there? or can we do it all in my name and say he moved in once it was all sorted? or is this seen as withholding info? many thanks for all advice

Dave_Ham

Typically, Halifax will be happy with you declaring that he lives with you. He will just have to sign a form to confirm that he has no rights etc. but this is standard.

Obviously if part or all of the deposit cam from him, this would be at underwriter discretion.

If the deposit is yours, coming from your account this will be fine.

You will get all sorts potentially disagree with me here, but this is accurate do not worry.

tink_1983

Dave_Ham wrote: »

Typically, Halifax will be happy with you declaring that he lives with you. He will just have to sign a form to confirm that he has no rights etc. but this is standard.

Obviously if part or all of the deposit cam from him, this would be at underwriter discretion.

If the deposit is yours, coming from your account this will be fine.

You will get all sorts potentially disagree with me here, but this is accurate do not worry.

all deposit monies will be coming from my account & i know to push this through he'd sign to say he has no rights etc.
Guess now just need to wait for halifax to make their decisions! thanks again

tink_1983

Well broker says iv passed credit check and they will be taking money for valuation!
Taking this as a good sign?

Conrad

tink_1983 wrote: »

Well broker says iv passed credit check and they will be taking money for valuation!
Taking this as a good sign?

It's quite a good sign. I do not like to worry folk but at the same time I like to be honest and tell it how it is, rather than be a 'thanks' harvester. Remember Grandma always said be warry of those giving large dollops of mainly positive smiley advice.

I've known Halifax several times later decline such a case once an underwriter realises a spouse has poor credit. This is because they are seen as a risk on future household expenses.

Now, I suspect this won't get picked up, but it may, so simply saying 'do not worry' is frankly very unsophisticated and perhaps from those that lack long term exerience.

There was a happy clappy broker called mortgagmomma that used to give out this sort of faux positivity and she ended up loosing her job as a broker.

Good brokers that stay the course are above all realists. It's this grounded realism that makes them more cautios and hence why they NEVER over promise.