Been a bit silly - now worried we have completely blown it!!

Lancs_lad

....................................

ACG

If you want to purchase the property its probably worth getting on to the broker and eating humble pie.

You wont have done yourselves any favours both in extra credit searches (your now going to be on your third possibly 4th) and wasted time.

Its not uncommon for us (brokers) to get cases through with lenders where it has previously been declined. It can be down to packaging, it can also come down to bank staff not knowing their systems as well as we do.

betmunch

Just to check, the application was proceeding with the Halifax?


If so you should never have even gone to NatWest.


Why on earth would you take a mates advice over a professionals?


You may have ballsed this up royally. If you were my client and I found out you had done this I would terminate my agreement with you and refuse to proceed with the Halifax case, lets hope the chap you're using is a little more forgiving than I am.


Good Luck

Thrugelmir

Lancs_lad wrote: »

On poor advice from a friend we said person B had a permanent position. We passed their affordability and credit checks and sent off the documentation to the underwriters. Yesterday the underwriters requested person B's contract. Rumbled!!

Rather harsh to blame your friend. As responsible adults you knew full well what you were doing. Did you bother to read the declaration on the mortgage application form that you signed? Most contain something along the lines of

If false or inaccurate information is provided and fraud is identified, details will be shared with fraud prevention
agencies and this information may be accessed and used by law enforcement to prevent fraud and money
laundering.

While you may view the matter lightly. Keep your fingers crossed that the lender does likewise.