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dextersdad79
Posts: 5 Forumite
Hi,
the situation is this, We have come out of the fixed period on our santander mortgage where the payments were £729.29 per month, we have never missed a payment on the mortgage in 5 years of paying this. We currently owe 105k and the property is worth 185k, I earn £33000 and my partner is just starting uni we had quotes from Barlcays (who my partner has banked with all her life and never had issues) that worked out around £444.00. They refused us due to either credit check or affordibility.
I admit ive had some credit issues (nothing major or been in court) but my partner is exemplary.
i dont understand how they can say we cant afford it.
where can I go from here
the situation is this, We have come out of the fixed period on our santander mortgage where the payments were £729.29 per month, we have never missed a payment on the mortgage in 5 years of paying this. We currently owe 105k and the property is worth 185k, I earn £33000 and my partner is just starting uni we had quotes from Barlcays (who my partner has banked with all her life and never had issues) that worked out around £444.00. They refused us due to either credit check or affordibility.
I admit ive had some credit issues (nothing major or been in court) but my partner is exemplary.
i dont understand how they can say we cant afford it.
where can I go from here
0
Comments
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You need to obtain your Experian, Equifax and Call Credit reports.
Woolwich are one of the more forgiving credit scoring lenders, so there will be something on there.
Affordability is unlikely to be the issue.
Worth getting to the bottom of this now and also checking what Santander may offer you instead of the Standard Variable Rate of 4.74%I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it.This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
What do you want to do?
Find another lender or get an explanation from Barclays?
Direct to lender, or via a broker?I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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