referred for a mortgage?

han2505

Hey all,

basically me and my partner have put a deposit down on a new build and were told we were ok, that we could afford it.

When we sat down with the independant mortgage adviser, her system was down so she rang us back later on and said that it had been referred. Does anyone know what this means? Can we not get a mortgage? If my partner has bd credit is there no way of getting one? as she is independent does that mean she WILL find us one and we can still be happy we have the house or should we be right to be worried?

Thanks

JoeK_3

You should have asked these questions to your mortgage broker.

Referred means that a human being will need to look at your circumstances, as you do not fall within the criteria laid down on a computer model making the decision.

It doesn't mean that you will not qualify for the mortgage, it means that they will make a decision based on what has come up on the searches.

Speak to your adviser and ask all the questions, as they work for you.

JoeK

han2505

I know but she is unobtainable today and i was just wondering if this had happened to anyone else and what their outcome was? just to kind of put my mind at rest.

Thanks

han2505

Ok,

Just managed to speak to her and my partner has arrears (well he did but he has paid them off but there still on file) also has a default against him. So we got turned down.

Am thinking that we should probably give up now really, dont see anyone wanting to take us on with all this, even if he has got rid of them all now.

Thanks anyway

diesel_staffie

try these peolpe at national and capital - my partner had 2 defaults and no one would give us a mortgage but these have there no is - 01702220170

toonfish

loads of lenders will consider this - go back to yopur broker.

han2505

Thanks for the advice. We have managed to get a mortgage with someone, dont know who yet. But am really relieved now. We have to pay a extra sum, dont know what yet, as we have had to go with an adverse credit company. But at least it gets us on the property ladder and we can relax now. May have to pay extra for 2 years until we can get a proper mortgage company to accept us.

Thanks again