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Barclays Mortgage
DebtFree2012
Posts: 3,573 Forumite
Does anyone know if their lending criteria is more relaxed than others? The reason I ask is they are offering us (quote on website, so not taking too seriously) a lot more than many other places such as Halifax and Lloyds. I would like to stay with Halifax however have found somewhere we'd like to move to and require a bigger mortgage.
Also do you know at what point both applicants need to attend the meetings as my DH is working away and is never home during opening hours? Obviously he will need to be there for something but I'm wondering if I can input all the data and he comes to final signing meeting and reviews it?
Also do you know at what point both applicants need to attend the meetings as my DH is working away and is never home during opening hours? Obviously he will need to be there for something but I'm wondering if I can input all the data and he comes to final signing meeting and reviews it?
Debt - CCV £3792
CCB £1383 (took a hit for a holiday)
Loan 1 £1787
Loan 2 £1683
Total £8601 Was £39302
CCB £1383 (took a hit for a holiday)
Loan 1 £1787
Loan 2 £1683
Total £8601 Was £39302
0
Comments
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Dont forget to include the income cap.
You may find their calculator says one figure but the income cap cuts that figure short.
http://www.woolwichintermediaries.co.uk/IP1242621570609
Lending criteria is relaxed in some situations, less so in others - it depends what your concerns are. Every lender has their good and bad points.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, 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.0 -
You are right not to take online calculations too seriously.
If you are using the simple calculator on the Barclays website it seems to bear little relation to the calculations they actually use on an application.
If your Partner is away a lot you would be better off using a mortgage broker.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.0 -
Thanks guys.Debt - CCV £3792
CCB £1383 (took a hit for a holiday)
Loan 1 £1787
Loan 2 £1683
Total £8601 Was £393020
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