Single Application (But Married) - Broker won't even consider me...

scottishlass

Just looking for anyone who may have been in a similar situation to help give advice...and not sure if its best here or on the bankruptcy thread...

Am recently married and hubby had just been discharged from bankruptcy. We've never had a joint account, loan, etc so was my understanding that we are not financially linked and therefore I would be able to attempt a single mortgage application...however have just been told by broker that as married that now automatically linked (but there's no links on my credit file) Does that sound right? If we have to wait 6 years then we have to wait but just wanted to double check that the broker was correct.

kingstreet

Not true in my opinion.

One or two lenders don't like a sole application from someone married.

You should have options, but it will be an issue if he is contributing to the deposit and will live in the property, but not be party to mortgage nor ownership.

scottishlass

There wouldn't be a contribution to the deposit thats all mine - but he would live in the property...

I just thought using a broker would be better to getting the best deal but these guys didnt even give me a chance so a bit unsure what to do next.

kingstreet

Find someone else.

Ask friends and relatives for a recommendation. Failing that try https://www.unbiased.co.uk, switching off the "sponsored ads only" option, so you get a full list for your area.

ACG

There are lenders who will do this (subject to everything else). I think a lot of lenders would knock it back but there are a couple of high street lenders who would be ok with it... there could even be a couple who would not mind the deposit coming from your husband - although you say that has not happened in this instance.

Thrugelmir

scottishlass wrote: »

Does that sound right?

While you are trying to make it sound black and white. There's an enormous grey cloud. Given your status i.e. married. So claim on assets is one matter that will be in the back ground.

The other is potential lenders view of you as an applicant. You are trying to get round the rules. So a lender will wonder if your word is worth anything. Financial relationships are built on trust. As the lender is potentially going to lend you thousands of pounds. With no trust. There's plenty of more suitable mortgage applicants in the queue. As available funds are infinite they are limited.

garethbrock

I have a mortgage with halifax. I'm married but only my name on the mortgage. This is because misses credit rating isn't good and her work varies week to week. We are not financially linked at all and had no problems. She signed a form to say she would move out if home repossessed etc. shouldn't be a problem.

scottishlass

Thrugelmir wrote: »

The other is potential lenders view of you as an applicant. You are trying to get round the rules. So a lender will wonder if your word is worth anything.

I don't understand what you mean by this...what rules am I trying to get round? As far as I can see I was being honest with the lender on why its only a single application? And wasn't hiding anything?

From the other replies it seems - seek a second opinion which I will - so thank you for your help

kaya

Been married for ten years and the mortgage and deeds are in the mrs name only, just remortgaged again last week and no problems whatsoever(I have a £20,000 liability order against me). Find a new broker !