shock bad credit score

bing66

please do not hijack threads, we are all here to get advice where we can
no one person is more inportant than another, if you need advice start a new thread

How did you apply through a branch or on the phone?/|Internet?

we applied by phone,

JoeK_3

kristian13 wrote: »

i am in the process of buying a house for 205,000, have sold ours for 205,000 have exisiting mortgage with halifax for 170,000 promised we could port it over when we took it out based on our basic earnings last year. have just applied to do it they have declined saying we dont earn enough even though we are on more this year will have to apply for new one in process of doing one with A & L and concerned by last thread as i have just discovered on experian that someone has been using my name with a linked address from my previous address buying catalogue goods and they have missed payments now i am out of my mind with worry trying to sort out my innocence and also needing a quick mortgage because of halifax delaying it any advice would be appreciated urgently thanks

You are seeing the effects of lenders having and applying their lending criteria. This can be easily resolved be speaking to a whole of market mortgage broker, who would marry your circumstances with that of a lender.

JoeK

bing66

How did you apply through a branch or on the phone?/|Internet?

we applied by phone,

JoeK_3

bing66 wrote: »

A&I and halifax were able to lend us what we needed
others would not lend enough, worried abour re-applying incase its rejected again and effects our score more, need to do some research, how do you go about appealing, this seems the best course of action as they are the ones who have done a check

In my opinion this a case of affordability. Your new mortgage and income ratio is nearly four times joint income and this coupled with missed payments has frightened the lender off.

You need to talk to a good whole of market mortgage broker to introduce you to lenders that will accept your circumstances.

JoeK

bing66

thanks for this, am giving a few a try

hanks for all the advice