FTB -- Declined by Halifax-- what are my chances of with other lenders?

Keeran_2

Dave_Ham wrote: »

I can only assume this is what they do not like, as they cannot see and touch your Father and where the gift has come from and how it was achieved.

To get a straight decline with no appeal, suggests there is something more sinister though.

I would push Halifax harder for an explanation before you go anywhere near C&G.

Not sure if you can send an SAR request for notes/details they hold on file for an application (would think you can)

Kings - what do you think?

Just out of curiosity, would I be in a similar situation if I bring my money (my own money!) from India. I have a house which I have let atm and some land in my name back home. If I sell anyone of them I would get approx 150k from it. I am a resident in this country (and am not a citizen, though my OH and daughter are citizens!) Would they scrutinize about the amount again?? Cheers

Crashandburn

If they are saying discrepancies with the paperwork, then I would say this isn't to do with the deposit.

Have you got a copy of the original application from the adviser? There may be information on that which is conflicting with the paperwork sent ie has the adviser said you were with the company since you started temping or when you started as an permanent employee.

Lenders are red hot on throwing cases out to prove their systems are robust to the FSA when it could be just a simple explanation that is required.

Dave_Ham

Crashandburn wrote: »

If they are saying discrepancies with the paperwork, then I would say this isn't to do with the deposit.

Have you got a copy of the original application from the adviser? There may be information on that which is conflicting with the paperwork sent ie has the adviser said you were with the company since you started temping or when you started as an permanent employee.

Lenders are red hot on throwing cases out to prove their systems are robust to the FSA when it could be just a simple explanation that is required.

Fair point, if the advisor had put an earlier start date and then year to date numbers do not stack up on the payslips.

As I said in an earlier post, we are speculating and only the Halifax will hold the answers..

All the best

Keeran_2

Crashandburn wrote: »

If they are saying discrepancies with the paperwork, then I would say this isn't to do with the deposit.

Have you got a copy of the original application from the adviser? There may be information on that which is conflicting with the paperwork sent ie has the adviser said you were with the company since you started temping or when you started as an permanent employee.

Lenders are red hot on throwing cases out to prove their systems are robust to the FSA when it could be just a simple explanation that is required.

when MA called me to ask for a P60 I told her I cant provide one coz I was with the company for only 6 months. she asked me "I have got her that u were workign for the company for 2 yrs 9 months, isnt that right?" I never thought she could put things on her own like that..... but well, I never expected it! ...so what do I need to do to request a SAR ? please help

Crashandburn

Keeran wrote: »

Just out of curiosity, would I be in a similar situation if I bring my money (my own money!) from India. I have a house which I have let atm and some land in my name back home. If I sell anyone of them I would get approx 150k from it. I am a resident in this country (and am not a citizen, though my OH and daughter are citizens!) Would they scrutinize about the amount again?? Cheers

A certain amount of reasonability checks would be applied and proving as much information as possible would only help. Indian bank accounts and solicitors to confirm the sale would be about as far as they could go, along with the solicitors at this end doing their due diligence checks.

Sometimes best to use an equivalent bank in Indian to the one you use here so they can see the source of funds ie Barclays in UK, Barclays in India. Though I suspect HSBC might have a different slant on that

Keeran_2

Crashandburn wrote: »

A certain amount of reasonability checks would be applied and proving as much information as possible would only help. Indian bank accounts and solicitors to confirm the sale would be about as far as they could go, along with the solicitors at this end doing their due diligence checks.

Sometimes best to use an equivalent bank in Indian to the one you use here so they can see the source of funds ie Barclays in UK, Barclays in India. Though I suspect HSBC might have a different slant on that

thanks for the info!

How do i request the original mortgage application from Halifax?

Dave_Ham

Ok, we are getting further than expected.

So she thought that you had been employed by the company for 2 years 9 months and assume this has been keyed by the colleague on the phone.

If this is the case, they have done this deliberately for their own internal targets and you need to raise a complaint with them.

Work out when you initially called and tell them to listen to the call and so long as you were truthful they will refund valuation fee and may/may not re-look at your case.

I have assumed that you told the truth and also that you called their call centre and this is not a broker case?

Keeran_2

Dave_Ham wrote: »

Ok, we are getting further than expected.

So she thought that you had been employed by the company for 2 years 9 months and assume this has been keyed by the colleague on the phone.

If this is the case, they have done this deliberately for their own internal targets and you need to raise a complaint with them.

Work out when you initially called and tell them to listen to the call and so long as you were truthful they will refund valuation fee and may/may not re-look at your case.

I have assumed that you told the truth and also that you called their call centre and this is not a broker case?

Mortgage adviser was from halifax. she called me last week reg the documentation they had further asked. It was then she told me the same.
So does it mean they wont refund my valuation fee? though valuation/survery hasnt been done yet!

Crashandburn

Keeran wrote: »

thanks for the info!

How do i request the original mortgage application from Halifax?

Ring them

In fairness, this could be an easy mistake to make. The application asks for a start date of employment and if the employer is seeing the changeover from temp to perm as a continuation of employment, then the 2 years 9 months is right.

Perhaps a file note from the MA would have helped rather than a reliance on a strict application form.

Keeran_2

Thank you everyone for your kind responses!

All this is going above my head, now am in a complete confused state! I dont know whether I need to go to Lloyds TSB mortgage adviser tomorrow or not!
I think I will give the thought of "buying a home" a rest for the moment. wait till I get my P60 and apply again. sad!