bad news santander declined me

smacky

Hey guys

Thx for all your help and suggestions till now, wasnt happy with inhouse broker anyways which i communciated thru my previous thread and she submitted my application, yesterday n its come up as straight decline very next day ie today with no options to appeal

the only thing i dont understand is the info on full app is same as AIP , which they approved and then declined right away without even requesting a single doc !!

kingstreet

So, the search which is on your credit file, was it an AIP search last week, or for the full application yesterday?

smacky

kingstreet wrote: »

So, the search which is on your credit file, was it an AIP search last week, or for the full application yesterday?

AIP search a week before was from halifax

and yesterday's search was full app by santander as it says "first mortgage"

kingstreet

Was the Halifax search for a full application, or a Mortgage Promise, the so-called soft-search?

Any full mortgage search says "first mortgage" as it indicates it's for a first charge. It doesn't indicate it's the first search by that, or any other lender.

Basically, no agreement in principle was obtained with Abbey and you've gone to full application and been declined.

What are you planning to do now?

What reason was given for the decline?

smacky

kingstreet wrote: »

Any full mortgage search says "first mortgage" as it indicates it's for a first charge. It doesn't indicate it's the first search by that, or any other lender.

Basically, no agreement in principle was obtained with Abbey and you've gone to full application and been declined.

What are you planning to do now?

What reason was given for the decline?

hi

sorry i forgot to communicate yesterday eve
they indeed had an AIP from abbey for the said amount and as per your suggestion i made sure it was on santander headed paper

and today it came as striaght UW decline
no reasons or appeal option

kingstreet

Someone doesn't go from accept to decline unless there's something very unusual, or a drastic change in an answer on the full application from the AIP.

Is it the property, or something else you can think of?

smacky

kingstreet wrote: »

Someone doesn't go from accept to decline unless there's something very unusual, or a drastic change in an answer on the full application from the AIP.

Is it the property, or something else you can think of?

not sure if its the property.. all my paperwork are genuine , with Sa302s from last 3 years , so cant lie there .. the worst thing is they dint even ask for any doc .. straight decline

smacky

and they emailed back asking reason for decline as an usual they said we cant say anything but just wrote "credit score decline" which shud have failed at AIP stage i guess if that was the reason

kingstreet

Could you lay out the case for us;-

Purchase price £
Deposit £ Source?
Mortgage amount requested £ Term Years

Shared ownership or shared equity?

Your age Years
Income - 3 years net profit figures £ £ £

Credit commitments - monthly payments for each commitment and outstanding term(s)

Maintenance/dependents/other costs?

Credit history - any adverse?
When? What? How much? Who?

Anything odd about the property? Purchase type? Construction?

Wh05apk

They should be able to speak to Abbey to get an idea for decline, this sounds wrong, it could just be a mistake typing incorrect income figures meaning it fails on affordability.

At the moment we are all guessing, your broker needs to take responsibility and speak to someone to find the reason.

smacky

kingstreet wrote: »

Could you lay out the case for us;-

Purchase price £ 230000
Deposit £ Source? savings putting 15%
Mortgage amount requested £ Term Years 25

Shared ownership or shared equity? nope freehold

Your age Years 31
Income - 3 years net profit figures £ £ £ 31000 38+ 39000

Credit commitments - monthly payments for each commitment and outstanding term(s) 160 but i cud pay that right away

Maintenance/dependents/other costs? no dependents

Credit history - any adverse? 2/3 missed payments 28-48 months ago (went overdrawn but never missed)


When? What? How much? Who? current account

Anything odd about the property? Purchase type? Construction?

Purchase price £ 230000
Deposit £ Source? savings 15%
Mortgage amount requested £ Term Years 25

Shared ownership or shared equity? nope freehold

Your age Years 31
Income - 3 years net profit figures £ £ £ 31000 38+ 39000

Credit commitments - monthly payments for each commitment and outstanding term(s) 160 but i cud pay that right away

Maintenance/dependents/other costs? no dependents

Credit history - any adverse? 2/3 missed payments 28-48 months ago (went overdrawn but never missed)


When? What? How much? Who? current account

Anything odd about the property? Purchase type



nothing i can think off tbh and if its the property i wud have thought they wud have said right ?