We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Mortgage Rejected - HELP
mak12345
Posts: 58 Forumite
Hi,
Just found out today through my Broker that my mortgage application with Leeds BS has been rejected by the underwriter. There are about £2k of gambling transactions on my account for May only. These are the only gambling transactions on my account in the last 2 years and are solely there as part of a work syndicate ready for the world cup.
We both have good credit scores and are using the government help to buy scheme on a new build property. The property purchase price is £465k and we are lending less than 4 times our joint basic income. I also have a number of bonuses and dividends on top of this which we have declared but are not using for the purpose of the multiplier.
Our Broker is amazed that they have rejected on this basis so have put the reasoning to the underwriter. He is 90% sure it will be fine but wouldn’t mind some others views on this? He tells me that he will go to the Ombudsman if it is rejected on appeal.
Any input on this would be appreciated.
Just found out today through my Broker that my mortgage application with Leeds BS has been rejected by the underwriter. There are about £2k of gambling transactions on my account for May only. These are the only gambling transactions on my account in the last 2 years and are solely there as part of a work syndicate ready for the world cup.
We both have good credit scores and are using the government help to buy scheme on a new build property. The property purchase price is £465k and we are lending less than 4 times our joint basic income. I also have a number of bonuses and dividends on top of this which we have declared but are not using for the purpose of the multiplier.
Our Broker is amazed that they have rejected on this basis so have put the reasoning to the underwriter. He is 90% sure it will be fine but wouldn’t mind some others views on this? He tells me that he will go to the Ombudsman if it is rejected on appeal.
Any input on this would be appreciated.
0
Comments
-
Cross posted ....
https://forums.moneysavingexpert.com/discussion/49785800
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards