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Declined Halifax AIP, Confused!!
Comments
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I am a Mortgage AdviserYou 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.0
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Halifax score card for DIP is 'harsher' for self employed applicants than for employed applicants.
It's unfortunate for you, but that's the way it is - they view self-employment as higher risk than employment.
Perfect example of where a broker is needed - they would/should know this.I am a mortgage adviser.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.0 -
Its good to ask a decent broker.0
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Thanks everyone for he input. I just wanted to know, if you are paid by a Day Rate, does that come under self-employment? I just tried the same Halifax AIP by selecing "Employed" instead of "Self Employed" and got accepted and offered much more than what I was expecting (at least 60% more than what I want).
Are there any chances for me? Does that mean, my credit score is OK, its just the employment?
Many Thanks!0 -
If you qualify for the day rate calculation why did your broker submit you as self employed the first time?I am a Mortgage Adviser
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.0 -
Is our OP using a broker?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 -
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