We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Will we get a mortgage?
gls1990
Posts: 2 Newbie
My partner and I got a mortgage promise from Halifax last month for £211,000 over maximum 33 years on maximum ltv 90% we got an offer accepted this month on a house for £180,000 and have put in for full application for £162,000 which has been referred to business decision team.
The reason it has been referred is down to a satisfied default of around £500 from 2011 on my partners credit file. This is disputed as we were not aware until last year when we cleared it in full and over the period of the default their is quite a few months where it shows no default and the balance as £0. Their is a notice of correction on my partners credit file.
He does have a few late payments over the last 6 years and has had 2 arrangements to clear credit cards. He has been totally debt free for over 12 months with payments on both contract phones made on time and bank account kept in order. In the last 12 months we have saved £20,000 which is the deposit we are using.
My partner is on £43,000 and my income includes employment, a buy to let (rental income) and child benefit of £20,000. What are the chances of us getting the mortgage?
The reason it has been referred is down to a satisfied default of around £500 from 2011 on my partners credit file. This is disputed as we were not aware until last year when we cleared it in full and over the period of the default their is quite a few months where it shows no default and the balance as £0. Their is a notice of correction on my partners credit file.
He does have a few late payments over the last 6 years and has had 2 arrangements to clear credit cards. He has been totally debt free for over 12 months with payments on both contract phones made on time and bank account kept in order. In the last 12 months we have saved £20,000 which is the deposit we are using.
My partner is on £43,000 and my income includes employment, a buy to let (rental income) and child benefit of £20,000. What are the chances of us getting the mortgage?
0
Comments
-
Do we get one of these 'Halifax with poor credit history' queries every two days on here - or is it every day?
As is often said, you might get lucky, but have plan B ready.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 -
Got an email at 7.55pm tonight to say they have a response back from the business assessors and can they call tomorrow at 10am or 2pm.
Does this sound like good or bad news?0 -
Don't know, you'll have to wait.Non me fac calcitrare tuum culi0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards