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Mortgage Problems
ladymuck79
Posts: 4 Newbie
Hi all,
Has this happened to anyone else myself and my husband have been for a mortgage with halifax had everything done ready to get a completion date when we got a call from the bank saying that they could no longer give us the full amount only half the reason was because my credit rate had gone from a to c . I think this is because i made a late payment which i have been payed now . My question is does anyone think it would be worth appealing to the under writing .Or for myself to be taken of the application and just my husband apply.
Thanks .
Has this happened to anyone else myself and my husband have been for a mortgage with halifax had everything done ready to get a completion date when we got a call from the bank saying that they could no longer give us the full amount only half the reason was because my credit rate had gone from a to c . I think this is because i made a late payment which i have been payed now . My question is does anyone think it would be worth appealing to the under writing .Or for myself to be taken of the application and just my husband apply.
Thanks .
0
Comments
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Unlikely the lender will change their mind.0
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Thank you for your reply . Feel so disappointed but only got myself to blame not really sure what to do next .0
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You know things like this really pee me off.
Banks waste billions in bankers bonus, paying fines, mis-selling PPI, and a hundred other cons they have perpetrated on the general public, but you pay your credit card two days late, and they refuse you a mortgage.
Its simply is not good enough, and there should be Government legislation banning them from using such paltry excuses to refuse a mortgage.
The whole system is corrupt if you ask me.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
sourcrates wrote: »but you pay your credit card two days late, and they refuse you a mortgage.
There's nothing to say that this was the actual reason for the decline.
Sensible lending policy will result in no fines in the future.0 -
Go to a all of market mortgage broker- maybe post this on the mortgages board as well.0
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