ftb any advice

stassy23

Myself and my husband were going down the help to buy equity scheme we had offer on house and aip with Santander we failed on atp from help to buy that was that.

We then found a different scheme where we put down 5% deposit and the developer of the property puts in 25% which we do not have to pay back or pay rent on unless we sell or decide to buy the rest. We spoke to Mortgage broker that is dealing with this scheme with others. We filled out all forms sent all proofs of everything. The broker put in the aip today and came back as refer from nationwide what does this mean?

Do you think its the end of the road already for us?

Many thanks

stator

No, it's not the end of the road. Refer means a real human being is going to look more closely at the application.

I've not heard of this scheme, is it just from one particular developer?

kingstreet

stassy23 wrote: »

we failed on atp from help to buy that was that

What exactly to you mean by that?

Did no-one do the HTB affordability calculator for you first?

stassy23

We failed the affordability calculator from htb because they didn't accept child tax or child ben.
Husband works full time not brill income im a full time carer to my son.

The scheme were looking at is with landspeed

stassy23

Just checked both equifax and experian no searches from nationwide on equifax but looks like they have credit checked me twice today on experian one says no impact on credit score the 2nd says negative impact so confused

stassy23

Just spoke to broker its to do with a notice of correction i put on experian account we had a joint loan and in 2010 we had one late payment due to the bank suspecting fraud on our account so blocked our card and direct debit didn't come out but paid it straight away when bank was sorted so i wanted to explain it.