Halifax - decline?

zarf2007

amnblog wrote: »

STOP

you have an offer - stop trying to be clever and go with what you have.

yes a crap offer that assumes you can magic an extra 5% from nowhere.....its up to the OP what they do, not you.

Thrugelmir

zarf2007 wrote: »

yes a crap offer that assumes you can magic an extra 5% from nowhere....

A lender's offer isn't "crap". The offer is based on the actual circumstances of the applicants and the lending policy of the lender. The additional deposit can be raised by a few more months of saving. There's no automatic right to credit.

clamabuse51

amnblog wrote: »

STOP

you have an offer - stop trying to be clever and go with what you have.

Who said I was trying to be clever? Mortgage broker/adviser has advised us to appeal now things have changed. I was just asking peoples opinion as we were not sure what to do. Just felt it was a bit of a blow. Sorry to obviously annoy you

clamabuse51

Thrugelmir wrote: »

A lender's offer isn't "crap". The offer is based on the actual circumstances of the applicants and the lending policy of the lender. The additional deposit can be raised by a few more months of saving. There's no automatic right to credit.

How are we supposed to save £16,000 in a few months?

pmd123

Similarly for me, Halifax told me I was a category B rating and they wanted a 15% deposit! I went to Natwest to cancel my application with them, assuming they would see me as the same. Girl I'd dealt with previously with them told me not to cancel, put my figures into their system and it came back as 'very likely to be approved'

I had my full application with them and was approved within 90 minutes under the full MMR process.

If I'd taken the advice given here I wouldn't be moving into my new home, despite a clean credit history, deposit in place and receiving an offer from a high street lender.

Everybody's circumstances are different, but it never hurts to try elsewhere.