Halifax Mortgage 'decision in principle' credit check

deanchilds1

Ive had my mortage in principal from L&C and the guy im dealing with has been great.

Had an offer accepted for a house at £245k (£5k over asking). So now going through the formal application after my broker found a mortage with santander. Ive had to send my passport and bank statements to prove who i am as i couldnt be verified electronicly online.

Im really worried that something will go wrong with the whole thing.

Hoping that today we can at least get the application subbmitted to santander and then they will get back to us with a yes or a no.

Such a stressful time!!!

stufielding

Hi all,

Have spent the last few days going through the Internet and on this very helpful forum!

Just been trying to find a post from someone with a similar situation to me. While I have found some success stories I have also seen some that worry me.

Just after a few opinions as I have a full mortgage application on Tuesday.

Details:

I have a clear credit file, everything paid on time, other than one default I acquired in 2010 (registered default date). The amount is £3200 with Clydesdale. Not that it matters as a default is a default but it was finance to pay for (what ended up being a massive waste of time) a pluming course with company skillstrain. I pay my bills and take responsibility for them but this course was a scam and I wasn't giving them any more money. £135 a month, and already £1750 odd down, I cancelled the DD after they wouldn't allow me to cancel.

My girlfriend has a perfect credit report.

House price: £245,000
Deposit: £72,000
Combined salary: £57,000

I was given a DIP in Friday, spent an hour on the phone declaring all including the default.

We passed the dip and were told we were given a rating of 'A' on the soft search.

Tuesday is the big one where we go through the main application.

What are my chances of a decline at this stage do you think? I appreciate each case is different and there are lots of other factors I'm sure, but based on the above do I have a chance?

Thanks

Stu

chanz4

a with a default are you sure

stufielding

chanz4 wrote: »

a with a default are you sure

Positive, it's a joint application so my girlfriends file probably helpded?

I asked the member of Halifax who was going through the application with what are the chances of it now being knocked back, he said if you were a grade c then it might happen but you have an A so it should be ok.