Please delete now

mrRobot

Please delete this now.

I know where to start looking.

PasturesNew

Sorry to say this, but that's just the kind of "slip up" they're looking for. It does sound "a bit suss" that the father owns the tenanted flat and you wish to buy it... so they'd naturally probe a little deeper to double check.

It's not that they thought you would be committing fraud, but they have to protect their 4rses and it'd be too much hassle to take you on and check, double check, enquire, wonder etc ..... "just in case".

Caz3121

it would be normal to receive a residential mortgage offer requiring vacant possession on date of completion. If the tenants were still in the property you would be unable to complete.
If the tenant is not leaving and you are planning to become the landlord you would need a buy to let mortgage so a residential mortgage application would not be appropriate

Funny_old_game

Oh dear :whistle::whistle:

mrRobot

Caz3121 wrote: »

it would be normal to receive a residential mortgage offer requiring vacant possession on date of completion. If the tenants were still in the property you would be unable to complete.
If the tenant is not leaving and you are planning to become the landlord you would need a buy to let mortgage so a residential mortgage application would not be appropriate

The tenant will have to leave because we want to move in, we don't want to rent it out

Caz3121

mrRobot wrote: »

The tenant will have to leave because we want to move in, we don't want to rent it out

has the notice been given?...even then, if the tenant refuses to move out it could take months to get them out which is why the mortgage company would be nervous, they will want guarantee of vacant possession

if you don't want to take possession of the property until next year then you would be best to hang off till then after the tenant has left

ACG

So why ask?!
If I was your broker I would be fuming. Hours of work goes in to factfinds, sourcing, research, packaging and applying.

I dont blame nationwide for declining your application. You are applying for a residential mortgage so why would renting it out even cross your mind?

I suspect you can place this and with 90% of other lenders this would not have been an issue but you would be best disclosing this to any lender before making any further applications - honesty is the best policy. I would not blame your broker for dropping this but im sure there will be a broker happy to do it.

Candyapple

1. Protective Registration – where the entry on the database has been made at the request of the person named. The entry may be requested due to the person being a victim of crime, such as a burglary or theft, where personal documentation has been stolen. Stolen documentation can be used to apply for an account, policy, service or insurance claim in the victim's name. Protective Registration helps to prevent this. Victims of data breaches and those at particular risk of identity fraud may also register with the service.
2. Identity Fraud – where either a bogus identity or the identity of a genuine person is used without their consent, in an application for an account, policy, service or insurance claim. Also contained within this fraud type are the details of the victim of impersonation filed for his/her own protection, which does not mean that he or she has committed fraud.
3. Facility Takeover – where an existing customer's facility (e.g. bank account) is hijacked by a fraudster and unauthorised transactions made, for example, money is transferred out, the address on the account changed, or new cards requested.
4. Application Fraud – where an applicant has used his/her own name but has made an application for an account, policy, service or insurance claim which contains a 'material falsehood' for example, false employment details, false income, or concealed addresses. The use of a false document (such as a payslip, bank statement or driving licence) when applying for an account, policy, service or insurance claim would also fall within this case type.
5. Asset Conversion Fraud – where a customer sells goods (usually a vehicle) that he/she does not have title to, under a hire-purchase, conditional sale, contract hire, leasing or rental agreement.
6. Misuse of Facility – Obtaining an account/policy or other facility with the deliberate intent of using that facility for a fraudulent purpose (for example, deliberately avoiding repayments or using an account to receive stolen funds or fraudulent transfers).
7. Insurance Claims Fraud – where false information and/or false documentation is supplied as part of an insurance claim.



You need to send a SAR to CIFAS and also National Hunter. More info here:
http://debtcamel.co.uk/name-fraud-database/

If you are on those databases you are essentially screwed for the next 6 years if you can't get it removed and be prepared for your existing bank accounts/credit cards to be closed also.

If you're on the databases you will likely need legal help to try and get the marker removed. Good luck.

kingstreet

People who cannot afford a residential mortgage using a BTL mortgage to buy their residence and BTL investors using lower deposits and cheaper residential mortgages to buy their investments is a massive issue all of us in the industry are conditioned to be alert to.

You appear to have locked, loaded, taken aim and opened fire on your own foot. I cannot believe what possessed you to start asking questions of a residential mortgage lender about the tenants remaining in the property.

Not often I find myself opining on here, but that's only asked by someone hedging their bets who fancies themself as a wannabe landlord and I completely understand the lender's position.

You are going to have to work hard in removing any adverse data on CIFAS or on your National Hunter file (https://www.nhunter.co.uk) before you can safely apply for another residential mortgage.

You are almost the one who gets to the airport gate and cleverly shouts "I've got a bomb in my bag" as a bit of a joke, as that's about the same as what you did in financial terms...?

AnotherJoe

mrRobot wrote: »

The tenant will have to leave because we want to move in, we don't want to rent it out

Well why on EARTH did you ask that question, and with such a specific term ?

I think you will have to get the tenants out now and only then look at buying.

mrRobot

I know guys, I truly messed up even asking, I always ask stupid questions at wrong times, trying to make conversations when your not supposed to, I have the whole thing on repeat in my mind and it's eating me up, I can't breath sometimes.

Kingsstreet & Candyapple

I will start looking at those, thanks