Mortgage turned down over £2500

Thrugelmir

johns4012 wrote: »

ok but here's how i see it

I'm putting down a huge deposit so there is a real vested commitment to make sure i keep up with the repayments as i dont want to loose the house and the deposit if i defaulted.

I have worked out my own finances like i have done for the last 20 years and we can comfortably afford the repayments for the full money lent so i'm not stretching myself to the limit of my finances. On top of this i have other guaranteed income coming into the household that the lender dismisses as they cant find the correct box to tick!

Where is the risk from the lender? in every worst case sernario the lender will more than cover their risk as there is so much equity in the property.

This to me feels like the banks not been in touch with the individual needs of their customers and herding us all through the system with very little leeway or thought!

What makes you special as a customer? You are talking from a micro level. Whereas a bank operates at a macro level. Simply not cost effective to do otherwise.

ging84

It's about making money, to you it's just 1% of 1 mortgage £2500, to them it's potentially 1% of a lot of mortgages, or to put it another way millions of extra £ they'd need to lend, to sell the same number of mortgages.