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Mortgage Madness!
Comments
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Just for someone who finds themselves in the same situation as me.
I've just heard from Halifax and my application has made it through the underwriters checks no problem at all. :j0 -
What the major banks say
Yet of the major banks, few actually have a different policy towards the presence of a payday loan compared to other credit commitments such as a standard loan, overdraft or credit card.
Lloyds Banking Group, the Royal Bank of Scotland Group, Santander and HSBC all treat payday loans the same as any other type of loan.
This article is nonsense.
You are fortunate to have gotten a result.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 -
NatWest, member of RBS Group said to "treat PDL activity no differently to other credit" has form for auto declining any application where there is visible PDL activity in the last year.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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Barclays load the full outstanding as monthly outgoing
Santander will most likely decline if use is extensive and recent
Heaven alone knows what HSBC would doI 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 -
Congratulations.
Please can I ask what the mortgage interview was like? Did they ask you about your history of payday loans at all??0
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