Advice from brokers please? Stressing myself out :(

okborednow

Hi all,

We're applying for a mortgage with Halifax using the Help to Buy scheme. We went through the application with a broker on Thursday last week but need to wait to get permission to proceed from isos before the application can be submitted. That said we should hopefully know one way or the other next week and i should just wait but honestly i'm having kittens and just wanted some thoughts from the board.

All is fine from an affordability standpoint but we signed up to check my file so we could see all three agencies. I had a handful of 1s and 2s on a catalogue from 2006 but these dropped off this month leaving 1 late payment from 2007 and everything perfect since.

My fiance however has 1 late payment from 2008 and 1 arrangement to pay on his current account with bank of scotland from 2005. We have no idea how this came to be on there and are enquiring but we likely won't have gotten to the bottom of it before the application goes in.

Our broker has already got us an AIP from the halifax for the amount we need and doesn't seem worried at all but i've read that an AIP doesn't necessarily mean we'll get the mortgage and as the arrangement to pay is with the same company we're applying for the mortgage with i'm really worried it'll be declined.

Anyone have any words of confirmation/wisdom/comfort for me please?

Thanks in advance

amnblog

Does passing an AIP mean you will automatically pass score on full application - NO

Is there a particular problem with Halifax cases getting a different score at AIP and application stage - NO

In our experience where there has been an issue it is due to a difference in information in the two stages.

Examples

client has credit on file with and without middle name or different spellings
Address not quite in the same format

in your case I suspect you won't have a problem and if you do you will most likely be OK with another lender.

ValHaller

okborednow wrote: »

1 arrangement to pay on his current account with bank of scotland from 2005

There should be nothing on file from more than 6 years ago - unless the arrangement to pay is current and still unfulfilled.

Or perhaps BoS have recorded this information wrongly.

okborednow

Thanks for your replies.

AMN it's good to know while i'm not out of the woods yet i don't necessarily need to worry too much.

Val check my file said that the accounts stay on your file for 6 years after the accounts are closed so we can still see the arrangement to pay.