HELP Mortgage Declined

Roger_Mellie_2

densol wrote: »

I'm an 80's child - first mortgage 1983 ( when 18- OMG !) .....

So you're actually a 60s child.

Roger_Mellie_2

kingstreet wrote: »

They would probably not have believed sub 2% inflation either.

You can have higher rates and high inflation, or you can have the alternative.

If you get a deflationary economy, investment returns in general are lower.

TBH I have no idea which is better, but as a child of the 80s, I was force-fed inflation is an evil, those economies trying to complete on the world stage cannot afford.

Until a devaluation is needed, that is...

But back then we didn't have a trillion quid deficit. What happens when the money markets stop lending to us? NHS will be gone, Tax credits will be gone...and those who got rich from their houses will then have bricks and mortar for breakfast, lunch and dinner.

We're in trouble and each successive government kicks the can further down the cul-de-sac.

scn_2

Just an update, the broker I saw today was fantastic!!! We gave a dip with halifax, turns out the declines was because the lenders thought we would still hold the mortgage we had paid on 23/7/14. Woop woop, thanks for all the help!!!