FTB mortgage application delined

kingstreet

There are brokers who will prepare properly and will establish exactly what they are up against before they think about making another speculative application.

There are others who will put another application in to one of their panel lenders in the hope that it will pass, without establishing if the lender is likely to accept it.

Has anyone mentioned fraud markers to you? National Hunter or CIFAS? At this stage with no indication of the problem, you may simply have search after search and end up with a load of footprints on your credit file and still get no mortgage.

This needs better preparation than your current advisers seem to want to employ.

TurkeyShoes

Nobody has mentioned fraud markers, National Hunter or CIFAS- I have just done a quick search to get more information. I have only applied for a mortgage once so far, so would I be right in thinking that repeated applications might flag up as fraud if there were slight differences in the information used in each new search?
Nationwide did give me DIP at 15% deposit (not much use at the moment though!) so could I assume that all is in order in terms of fraud etc for the time being?
This leads me to ask, how on earth do you find a good broker?!

kingstreet

National Hunter is unlikely, I agree. However, CIFAS could indicate identity fraud or some other issue.

Being offered 85% is a good sign but I'd still try to find out why your 90% application was scaled down after being accepted at DIP.

You find a good broker by asking friends and relatives for a recommendation and asking question when you first contact them.