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

Dave_Ham

You will get your valuation back.

I would be calling the advisor and saying, you have made a mistake keying this; Can you please refund my valuation which has not been done.

This may allow you to go elsewhere and ensure it is keyed appropriately. Just ensure it is keyed appropriately and check they do not have a minimum income criteria.

All the best

Keeran_2

Dave_Ham wrote: »

You will get your valuation back.

I would be calling the advisor and saying, you have made a mistake keying this; Can you please refund my valuation which has not been done.

This may allow you to go elsewhere and ensure it is keyed appropriately. Just ensure it is keyed appropriately and check they do not have a minimum income criteria.

All the best

I am off tomorrow anyways (have an appt with lloyds tsb MA), so I think it is best to talk face to face, rather on phone. I am really :silenced: at the moment, with a terrible headache. I need to de-stress myself.

Simon_gloster

Lloyds and Halifax use exactly the same sales platform. When you apply to LTSB they will see your spp from Halifax and investigate. This could work ok for you or go horribly wrong. LBG as others have posted are very very tight nit with each brand, especially brands that are lending.

It seems the AIP is ok, something else had triggered their decision. Tread carefully.

Annouck

Hi Keeran. I have just applied for a mortgage and also printed my payslips online (as that's how we get them!!!). Because of this the mortgage company wrote to my employer to ask for details of my service, salary etc, as confirmation. Do you think there may be a discrepancy there which they cannot disclose as it would break the trust of the company which has provided the information? Something to think about. Good luck anyway; they're generally harder on first time buyers.

Thrugelmir

Keeran wrote: »

Since, she went to the nursery I decided its time to get back to work... and at teh same time was offered this job ona full time basis......

Presumably you would therefore be dependent upon your husbands income to afford the mortgage, childcare and household expenses.

hamster2013

Dave_Ham wrote: »

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

Tipping off when a SAR is disclosed to authority is a criminal offense, remember, a SAR is a Suspicion, not a confirmation, but letting the person know directly or indirectly that you have raised a suspicion on them for ML or FC is in itself a criminal offense.

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

no one can know - all banks have different monitoring systems
typically, for example: you have a bank with on average 5k coming in every month, all of sudden you receive 50k then 150k etc
you will be highlighted, investigated, and if found suspicious, a SAR will be raised - that is not shared with other banks, but the bank raising it keeps it in its record and could be used to exit a customer relationship, no matter how good his bank account looks - HSBC just had to pay a 1.9billion$ fine to settle money laundering failures.

Keeran wrote: »

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

this is new info
as i said, when documents are missing, they dont decline the offer - they ask for the documents
and as i suggested, it is normal for those not working for a company at a given date (begining of april - like you were unemployed temporarily) - then the p45 should be good enough
put yourself in the banks shoes: what do they need the p60 for, and how do you provide them with that same information if you dont have it because you were not legally entitled to it!
if you can not answer that question, then put yourself again in the banks shoes and ask if they would lend you money considering that information is crucial - as when they get 2 same applications, one with the information required and one without - where is the higher risk? simple answer i hope
p/s: see above - you will never find out that a SAR has been raised on you. you can always try and assume for x or y reason, especially if after a few weeks Lloyds exit your customer rleationship which i hope is not the case! but i'm just trying to highlight that you can not get that info from anywhere. :A


Let us know how it goes with Lloyds and best of luck

droiderm

SAR definition, not sure if your getting your acronymns confused (or if I can spell it )

One of the main rights which the Data Protection Act gives to individuals is the right of access to their personal information. An individual can send you a subject access request requiring you to tell them about the personal information you hold about them, and to provide them with a copy of that information. In most cases you must respond to a valid subject access request within 40 calendar days of receiving it.

Dave_Ham

hamster2013 wrote: »

Tipping off when a SAR is disclosed to authority is a criminal offense, remember, a SAR is a Suspicion, not a confirmation, but letting the person know directly or indirectly that you have raised a suspicion on them for ML or FC is in itself a criminal offense.



no one can know - all banks have different monitoring systems
typically, for example: you have a bank with on average 5k coming in every month, all of sudden you receive 50k then 150k etc
you will be highlighted, investigated, and if found suspicious, a SAR will be raised - that is not shared with other banks, but the bank raising it keeps it in its record and could be used to exit a customer relationship, no matter how good his bank account looks - HSBC just had to pay a 1.9billion$ fine to settle money laundering failures.



this is new info
as i said, when documents are missing, they dont decline the offer - they ask for the documents
and as i suggested, it is normal for those not working for a company at a given date (begining of april - like you were unemployed temporarily) - then the p45 should be good enough
put yourself in the banks shoes: what do they need the p60 for, and how do you provide them with that same information if you dont have it because you were not legally entitled to it!
if you can not answer that question, then put yourself again in the banks shoes and ask if they would lend you money considering that information is crucial - as when they get 2 same applications, one with the information required and one without - where is the higher risk? simple answer i hope
p/s: see above - you will never find out that a SAR has been raised on you. you can always try and assume for x or y reason, especially if after a few weeks Lloyds exit your customer rleationship which i hope is not the case! but i'm just trying to highlight that you can not get that info from anywhere. :A


Let us know how it goes with Lloyds and best of luck

As Droiderm states, I was referring to a Subject Access Request.

hamster2013

Dave_Ham wrote: »

As Droiderm states, I was referring to a Subject Access Request.

apologies
i was refering to Suspicious Activity Report

A Suspicious Activity Report (SAR) is a piece of information alerting law enforcement that certain client/customer activity, e.g. the cash purchase of a high-value asset or a series of large out-of-character deposits, is in some way suspicious and might indicate money laundering or terrorist financing.

...

‘Tipping Off’

Sections 333A-E of the Proceeds of Crime Act 2002 (POCA) makes it an offence, having submitted a SAR to SOCA, to reveal information which is likely to prejudice any resulting law enforcement investigation.

:D

Let_Us_See

Blimey.......sometimes these posts do waffle on.

One little bit of advice is that I would recommend you run your proposed second application through an experienced broker rather than a second lender employed adviser - who are often merely form fillers. This way any anomalies will be found and discussed (if necessary with proposed lender) before the application is submitted.