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Mortgage declined- broker says Halifax may lend ?
thomson_adam
Posts: 65 Forumite
On Monday me and my partner got rejected for a mortgage through metro bank because of her credit ( not on electoral roll , bills still at old address , equifax score 261 )
Anyhow we have no applied for her to go on the electoral roll along with changing the addresses and we were going to approach the seller to see if he could hold the house for a month or two to see if the file updates for the better.
My mortgage advisor has now come back and said he has reviewed our equifax reports and says Halifax have said we may be able to get one with them. He assures me its only a soft credit check but do I ,
A, do the application tomorrow ?
B, wait two months then try with them ?
Anyhow we have no applied for her to go on the electoral roll along with changing the addresses and we were going to approach the seller to see if he could hold the house for a month or two to see if the file updates for the better.
My mortgage advisor has now come back and said he has reviewed our equifax reports and says Halifax have said we may be able to get one with them. He assures me its only a soft credit check but do I ,
A, do the application tomorrow ?
B, wait two months then try with them ?
0
Comments
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As its a soft search then there is no harm in trying tommorow0
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How do they use credit scoring for the application? Will Halifax use experian Etc?0
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Halifax use experian. Not sure whAt is searched on a soft check though0
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I got a dip with Halifax before Xmas and it wasn't a soft search.Save 12k in 2014 member 056
£0.00/£70000 -
Halifax is a soft search but its a hard search on full app so on occasion the AIP decision can be reversed if they find more stuff on full app. A mortgage is never a given until you have a mortgage offer. I does sound like something Halifax will look at thoughI 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 -
AP73
Do you think we have a chance with halifax ?0 -
my full app was a soft search evenDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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A full app is not a soft search, it just has not appeared on your file yet.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 -
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You wont know exactly where you are with Halifax until a full search is done on application.
If you have engaged a broker you should follow their advice, unless you do not trust them in which case change your broker.
We have not seen your files and do not know your case so cannot speculate as to whether Halifax will say yes or no.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
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