re-2nd attempt at mortgage

joe134

Thrugelmir wrote: »

Has he checked.

http://www.trustonline.org.uk/

I don,t think so T, I,ve just looked at link, but cannot see the relevence. Probably me missing something am I.?
Grandson should know if it,s settled or not, and with whom, but, he hasn,t told me, but I intend asking him, si we don,t have a repeat performance, or try to reduce it.
If it is still outstanding, what,s the best bet, ? as I said, settle it before re-applying, the criteria is tight today.

Experian_company_representative

trustonline is the website of Registry Trust Ltd, the register of court judgments I mentioned. They also drop CCJs after six years. This is where the credit reference agencies obtain judgment records from.

James

joe134

Experian_company_representative wrote: »

trustonline is the website of Registry Trust Ltd, the register of court judgments I mentioned. They also drop CCJs after six years. This is where the credit reference agencies obtain judgment records from.

James

Hi James , thanks, so really, unless grandsons debt, is with a bank, or, sister bank/company, the broker applied to, it,s not possible to find out.
I recall him phoning his positive banks ( Coventry), only to be told over the phone, NO CCJ,s at all.
He didn,t say who he tried , or didn,t try, just left us in Limbo, so we just dropped out, allowing the other buyer to get it cheaper.
Being in house, he,d be limited to who he dealt with, but I,m positive he stated he had access to whole of market,leave it with him, that,s why we offered the asking price, so we weren,t pipped.?

SantaKlaus

joe134 wrote: »

Hi s, Yes,you are correct, that,s the Advice I was given,on here, but, Grandson, decided he would go in house, and made appointment, I had a whole of market one lined up, but, didn,t follow through, when in house said no.

defo go with the whole of the market broker that you had originally lined up, you may be suprised on the different outcome :beer:

joe134

SantaKlaus wrote: »

defo go with the whole of the market broker that you had originally lined up, you may be suprised on the different outcome :beer:

Hi Santa, that,s what I intend, that was my intention in the first place, but, with the 28 day rule for repo, grandson thought it would be better in house,obviously wrong, he lost the house he wanted.
On hindsight though, if my grandson did tell him who ccj was with, wouldn,t you have thought, a good broker would try elsewhere?
one he knew would accept a ccj, spent or not, that,s why I have reservations on his integrity.He led us to believe that a mortgage was not available full stop, because of it, for any house.
I was warned about in house, so that,s it.
that little word EVER;
To lie, or not to lie, that is the Question?:beer:

SantaKlaus

joe134 wrote: »

Hi Santa, that,s what I intend, that was my intention in the first place, but, with the 28 day rule for repo, grandson thought it would be better in house,obviously wrong, he lost the house he wanted.
On hindsight though, if my grandson did tell him who ccj was with, wouldn,t you have thought, a good broker would try elsewhere?
one he knew would accept a ccj, spent or not, that,s why I have reservations on his integrity.He led us to believe that a mortgage was not available full stop, because of it, for any house.
I was warned about in house, so that,s it.
that little word EVER;
To lie, or not to lie, that is the Question?:beer:

a good broker would try elsewhere, but the inhouse broker is very limited to who he/she can use, that's why you should now tell your grandson to go to a whole of the market broker, which will open up a lot of other options. It makes a lot of difference, Good luck and have a happy new year.

p.s never lie because you could be done for fraud then, its not worth it. I am an ex bankrupt and i went through a whole of the market broker and i have my mortgage offer right now from a bank. :beer:

joe134

SantaKlaus wrote: »

a good broker would try elsewhere, but the inhouse broker is very limited to who he/she can use, that's why you should now tell your grandson to go to a whole of the market broker, which will open up a lot of other options. It makes a lot of difference, Good luck and have a happy new year.

p.s never lie because you could be done for fraud then, its not worth it. I am an ex bankrupt and i went through a whole of the market broker and i have my mortgage offer right now from a bank. :beer:

Same to you santa. just read about OP and IVA with Nationwide, that,s that little word Ever.He got his, so ccj should be ok.Being knocked back is better than Cifas.
He won,t lie with my blessing.:beer:
Happy New Year all and thanks for advice.

joe134

joe134 wrote: »

Same to you santa. just read about OP and IVA with Nationwide, that,s that little word Ever.He got his, so ccj should be ok.Being knocked back is better than Cifas.
He won,t lie with my blessing.:beer:
Happy New Year all and thanks for advice.

Hi Guys.
UPDATE;
Seems Xmas is over, reality has again set in.
I need Advice,not, what to do, because I have decided that, but, the possible outcome.
I had a heated discussion with Grandson about re-applying, and he claimed, that acting on my advice to reveal the CCJ to the Broker, cost him the house, and will not reveal it on next application;
I told him I do not condone it, will have no part in it, and will not be there, for him, should it backfire.
He,s adamant nothing can happen,no-one can find out about the CCJ, so why tell them, and pay a higher interest rate, for years, that,s why the 6 year rule applies. In one way I agree, why ask ever had a CCJ,when it,s not applicable, time barred?
I believe Nationwide ask in the last 6 years, but all banks have different criteria.
However, I disagree, I think honesty is the best policy,BUT, seems in todays world, it,s not, BR one day, in buissiness again a year or so after, never mind the money , you,ve borrowed and not payed back ?.
I would appreciate any advice on what the negative outcomes could result of him Lying on application of his mortgage, knowing he,s already told the last Broker of it.?
I have NOT yet refused to help him financially, until I know the possible outcomes for him and me, if any?
Without my money, he cannot proceed.
I asked him what the CCJ was for, he said he did not know, to which I said it,s not possible to have it on his file, see it, and not know who put it there, he lied to me, that,s where we left it.
He also told the Broker the same.
Appreciate your advice.
CIFAS is my concern, with banks data bases being interlinked.
Unfortunately, Kids don,t want to heed your advice, just want your money, I,m of the old school, buy something , pay it back.

ethank

Unless it is the government, once the six years are up...... they are up! I would not say a thing!

joe134

ethank wrote: »

Unless it is the government, once the six years are up...... they are up! I would not say a thing!

Hi ethank, it,s not a gov scheme, it,s a straight 95% mortgage with me supplying the deposit and all the extras.
The EVER word is the thing, it,s lying, and therefore fraud.
I don,t want him to perjure himself, but, don,t want him to not get a house.
Catch 22.
The 6 year rule should apply across the board, otherwise, it,s not fit for purpose.
I personally wouldn,t lie, but, can only advise him of the possible consequences, if any.
Perhaps I,m of the old school, but, then, bankers don,t tell the truth.
If he hadn,t told the broker of the first application, he would probably have been in his house now, but, he adhered to my principle, and he isn,t.
I don,t know if honesty is the best policy anymore.:beer: