Just need reassurance please :)

hieveryone

Hi all,

As title says, I'm just looking for a little reassurance that everything will be ok with my mortgage app.

We have received an AIP from mortgage company, which had a figure of 'maximum loan amount' of £409,920 (:eek: - much more than we asked for).

Joint income: approx £80k
Mortgage: £195,450

I'm worrying about my credit file. I had a default drop off :beer: so that's not an issue, but my Arrangement to Pay still shows, and a couple of 'yellow' numbers from 2007.

Arrangement to pay shows from Oct 08-Jan 10 and was paid off in full. Couple of late payments in 2007.

Partners file squeaky clean.

Broker doesn't seem worried in the slightest, and I'm trying my best to be calm - can anyone reassure me?

Thanks

Thrugelmir

hieveryone wrote: »

Broker doesn't seem worried in the slightest, and I'm trying my best to be calm - can anyone reassure me?

Your broker should have placed the business with a lender who will not score this aspect of your credit history negatively.

ACG

whats the Purchase price?
Who is the lender?

hieveryone

ACG wrote: »

whats the Purchase price?
Who is the lender?

Purchase price is £229,950

Lender is Accord.

Thanks

Dave_Ham

Here we go..

Wish you had not said accord, they are not unilaterally loved by the people..

hieveryone

Dave_Ham wrote: »

Here we go..

Wish you had not said accord, they are not unilaterally loved by the people..

So I have seen by reviews online! :eek:

Are they likely to cause me a headache?

ACG

My favourite. I avoid Accord as they tend to put people through the mill.
You probably will get there with them as they can be quite quirky/flexible. But you will probably want a holiday and a triple heart by pass by the end of it - especially if your worrying that this stage.

They tend to want the kitchen sink in terms of paperwork and they never ask for it all it one go, they drip feed what they want - infuriating! But they do tend to get over the finish line.

Although if you r broker uses them more than I do (which is not difficult as I avoid them) then he may know what they want from the outset.

I would ignore everything you read on the internet and go and speak to your broker. I slate accord, but I do know other brokers who like them - theyre a rare breed but there are some.

hieveryone

Thank you ACG, that is helpful.

My broker has copies of our passports, payslips, bank statements and utility bills already scanned and ready to go so she seems prepared!

I have also ordered copy paper statements from my bank incase they won't accept PDF ones from online.

In general, what are positive signs that all is going well?

ACG

What about an explanation for the adverse? I cant remember if the broker can write it for you or if you have to sign it. Unless things have changed since I last used them.

hieveryone

ACG wrote: »

What about an explanation for the adverse? I cant remember if the broker can write it for you or if you have to sign it. Unless things have changed since I last used them.

She hasn't asked for that - would that come after app has been submitted? There is a perfectly good reason for it and I did clear it completely - it wasn't a huge amount either, I think it was roughly £200 or so.

ACG

Did she not want to know during the factfind?
If you gave her the information she may be able to provide it herself.

Follow your brokers lead would be my advise. Trying to pre-empt it could cause more problems than it solves.