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Arrangement to pay affecting mortgage application

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  • MLSY
    MLSY Posts: 53 Forumite
    what loan to value are you looking for on the purchase?
    I am a Mortgage Adviser

    You should note that this site doesn't check my status as a Mortgage Adviser, feel free to check our website for our registered number. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    What about your partners credit record?
  • Tessa2004
    Tessa2004 Posts: 8 Forumite
    amnblog wrote: »
    Are you saying the broker saw the credit file but still gave the case to accord

    Yeah, he said he would give it a go as it only leaves a soft footprint and didnt really matter. He thought it was better than trying the High Street. I thought he was the expert so let him do it
  • Tessa2004
    Tessa2004 Posts: 8 Forumite
    MLSY wrote: »
    what loan to value are you looking for on the purchase?

    Loan to value of 85% but it is tied up in the house as it belongs to her parents so it is a concessionary sale (I think thats what it is called)
  • Tessa2004
    Tessa2004 Posts: 8 Forumite
    Thrugelmir wrote: »
    What about your partners credit record?

    We have not got hers. She has had a mortgage before (never missed payments) and no overdraft or credit, so it must be my credit report.
  • amnblog
    amnblog Posts: 12,730 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Tessa2004 wrote: »
    Loan to value of 85% but it is tied up in the house as it belongs to her parents so it is a concessionary sale (I think thats what it is called)

    Hit and hope is hardly the way to deal with a case like yours.

    Neither is it sensible to assume your partners credit file will be OK.

    Get copies of BOTH your credit files from Equifax Experian and Callcredit, and engage an experienced broker who knows the adverse market.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Funny_old_game
    Funny_old_game Posts: 180 Forumite
    Either way a decline can be impossible to disclose fully unless you were the person that built the software. Some are able to be told some not.

    Also if a lender is investigating someone for some reason they ain't going to tell the borrower.

    This is a case of too close to home maybe.
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