National Hunter Shafting Mortgage Applicants

GingerBob_3

Interesting article in the Telegraph:

http://www.telegraph.co.uk/finance/personalfinance/borrowing/11467480/The-secret-database-blacklisting-borrowers.html

Mortgage applicants beware! This unregulated database (guess who runs it :rotfl:) could scupper your chances of acceptance through no fault of your own. Best to file a SAR before you apply for a mortgage, just to be sure that some other lender hasn't blacklisted you for no good reason.

I hope the affected couple mentioned in the article seek punitive damages against the low-life organisation that runs National Hunter, and the lender - Yorkshire Building Society - that maliciously blacklisted them. It's typical of them, the database hosts, to wash their hands of all responsibility.

BTW: Quote from YBS "...We therefore take any inconsistencies in mortgage applications seriously ...". As a rule of thumb, any organisation taking something "seriously", or "very seriously" is nearly always having to make such an assertion because they've screwed up - as is the case here.

Thrugelmir

GingerBob wrote: »

I hope the affected couple mentioned in the article seek punitive damages against the low-life organisation that runs National Hunter,

National Hunter is owned by the lending industry itself to protect it's own interests. Been in existance since 1993 so hardly a secret organisation either.