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Properly stressed!!

northernmonkey0_0
Posts: 100 Forumite
Good evening all,
To start, I guess I'm just posting for stress relief to be honest, so I'll tell my story (a condensed version!)
To start, both me and the OH went bankrupt in 2009, I was discharged in Jan 2010, her in May 2010, luckily though we managed to keep our house and mortgage with Halifax.
Never had a late payment on it, and since 2009, our credit history is faultless l, I have a mobile, and a CC, all bills paid on time etc etc.
Anyway, I've been looking at moving house for ages and decided to ring YBS to ask the question, to my surprise they came back with a yes to the AIP on a 80% LTV (borrowing 208k, putting 52k deposit down). The lady I dealt with said it had been under the nose of an underwriter and they were happy to look at us. I was elated to say the least. They've seen all proofs, I wrote a letter explaining the reasons behind the BR too as they asked for it.
We sold our house, and found another to buy.
A contact of mine who happens to be an IFA mentioned he reckoned he could get a better rate for us despite the history from 2009, and I thought great, let's do it.
Anyway, I made a mistake, I read some out of date info and requested that put us through an AIP with accord as their rates seemed good and they accepted discharged BR after 3 years.
Needless to say it came back as a straight decline. Balls! My fault, not his, I requested him to do it.
Anyway, I've been back in touch with YBS and they lady I've been dealing with says that she's showing an 'accept' on her screen and so I have a telephone appointment for a full mortgage application next Wednesday.
I'm fully expecting another decline, especially as YBS own Accord and they already have said no, but I guess I'm hoping, and hoping....
The stress is killing me, I'm waking up at stupid o'clock during the night and the first thing on my mind is a) the mortgage worry and b) letting people down I.e my buyers, my family etc etc
Have I knackerd myself by applying to Accord, ruined my credit score???
Deep down, I think I know the answer already.
:-(
To start, I guess I'm just posting for stress relief to be honest, so I'll tell my story (a condensed version!)
To start, both me and the OH went bankrupt in 2009, I was discharged in Jan 2010, her in May 2010, luckily though we managed to keep our house and mortgage with Halifax.
Never had a late payment on it, and since 2009, our credit history is faultless l, I have a mobile, and a CC, all bills paid on time etc etc.
Anyway, I've been looking at moving house for ages and decided to ring YBS to ask the question, to my surprise they came back with a yes to the AIP on a 80% LTV (borrowing 208k, putting 52k deposit down). The lady I dealt with said it had been under the nose of an underwriter and they were happy to look at us. I was elated to say the least. They've seen all proofs, I wrote a letter explaining the reasons behind the BR too as they asked for it.
We sold our house, and found another to buy.
A contact of mine who happens to be an IFA mentioned he reckoned he could get a better rate for us despite the history from 2009, and I thought great, let's do it.
Anyway, I made a mistake, I read some out of date info and requested that put us through an AIP with accord as their rates seemed good and they accepted discharged BR after 3 years.
Needless to say it came back as a straight decline. Balls! My fault, not his, I requested him to do it.
Anyway, I've been back in touch with YBS and they lady I've been dealing with says that she's showing an 'accept' on her screen and so I have a telephone appointment for a full mortgage application next Wednesday.
I'm fully expecting another decline, especially as YBS own Accord and they already have said no, but I guess I'm hoping, and hoping....
The stress is killing me, I'm waking up at stupid o'clock during the night and the first thing on my mind is a) the mortgage worry and b) letting people down I.e my buyers, my family etc etc
Have I knackerd myself by applying to Accord, ruined my credit score???
Deep down, I think I know the answer already.
:-(
I've been through the mill once or twice and come out the other side...
0
Comments
-
northernmonkey0_0 wrote: »I'm fully expecting another decline, especially as YBS own Accord and they already have said no, but I guess I'm hoping, and hoping....
(
Different companies under the umbrella of a group may well follow different policies and have different target markets for their lending. Given your circumstances it may be a question of who will offer you a mortgage rather than applying for the best rates on the market.0 -
Absolutely, and to be fair, Accord weren't the best rate at all. I've been stupid in even applying with them, I thought I had more about me since reading these forums, I guess I just got caught up in the euphoria of being accepted on AIP.
I guess my score has been hit hard now, and that's half the reason I'm expecting a decline, the other half is just because that's what I'm used to I guess.
Thanks for the reply.I've been through the mill once or twice and come out the other side...0 -
I've just realised how much 'guessing' I'm doing!
Sorry! LolI've been through the mill once or twice and come out the other side...0 -
Not to have a go at your mate but its definitely your mates fault... hes the advisor, he should be checking criteria before applying.
Also ybs/accord... same company somewhere down the line.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 -
On the criteria side of things, I fitted with accord, I just didn't (at the time) realise just how picky they are.
I asked him to apply with accord based on the criteria, and the fact the rate was cheaper slightly and I'd read about (now outdated) a credit repair mortgage, I thought I was an ideal candidate for them... I was wrong.
I wasn't paying him, so I have to take responsibility for it.
I realise they're the same company, hence why I think I'm clutching at straws. :-(I've been through the mill once or twice and come out the other side...0 -
northernmonkey0_0 wrote: »I realise they're the same company, hence why I think I'm clutching at straws. :-(
Being in the same group doesn't make the organisations the same company.0
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