Please delete now

Lrimas

I think you guys are being a bit harsh. First time buyers are unlikely to know all the ins and outs of buying a house and if you are not aware that something is against the rules you can hardly be blamed for asking about it.

I don't have advise to offer but good luck! Hope you get it sorted.

kingstreet

Lrimas wrote: »

I think you guys are being a bit harsh. First time buyers are unlikely to know all the ins and outs of buying a house and if you are not aware that something is against the rules you can hardly be blamed for asking about it.

I don't have advise to offer but good luck! Hope you get it sorted.

I don't think anyone was harsh. We all sounded the same note of exasperation and complete bewilderment.

We have people eating beans on toast for three months thinking their one skinny dacaff latte a week is going to cost them their mortgage.

Then up pops mrR and MMR, EMCD all goes out the window.

When it comes down to it, mrR is a pseudonym and cannot be identified. His story could have prevented others from doing the same daft thing. It's a shame he has deleted the opening post.

minimike2

Wish I had been here in time for this one!

Pixie5740

Nothing stays hidden on the Internet.

Hi,
My fiance and I are have been declined a mortgage, I think due to being suspected mortgage fraudsters by Nationwide.

Background: We are getting married next year and wanted a place to call home to start our new lives together. We are both first time buyers and my fiance's father has a flat which is currently let out, he is willing to sell the flat to us, which is what the mortgage was for.

We used a mortgage adviser/broker who found Nationwide to have the best deal for us, we applied, it went through ok, had a conditional offer, the valuer went round to see the flat. Then last week is where it went wrong:

I got a call from Nationwide, asking about the mortgage, she said if we were going to live in the flat, I said yes, she commented that there were tenants currently living at the property, then the curiosity side of me took over, I asked "what if we wanted them to stay there for a bit, say 10 months?" She didn't like this, and I explained it was just a question (I know now in hindsight never to say this again) She then said I had to get an eviction notice and a letter from the tenants saying they were going to move out, I said ok and the call finished.

About 15 minutes later she called back and said sorry we have declined your mortgage, I asked why and she said I wanted to let the flat out for 10 months, I disagreed with this staement and she then went on to say we could apeal through our mortgage advisors.

So i got in contact with the mortage advisors and I told them what happened and I sent them the two letters about evition and leaving, they sent it along with my side of the story to Nationwide. I waited a couple of days and then got an email from the mortage adviser saying "Sorry, we regret to advise you Nationwide have declined your application regarding my agreement to allow the tenants to occupy the flat for 10 months."

Since then the mortgage advisor told me that Nationwide thought we were going to commit fraud and said we might be on some database and there wasnt anything else they could do to help

This all happened from the 15th, I'm really really stressing out about this and don't know what to do, I feel like I've completely ruined our future and we can never get a mortgage or anything and im actually really scared.

I really need some adivce on what to do next

Thank you

shortcrust

It's not really on to start a thread and then delete the post when people have taken the time to reply. The thread isn't your personal property. Original post below...

Edit: Oops! Did bother to read down far enough to see that I'd been beaten to it!

MABLE

Pixie5740 wrote: »

Nothing stays hidden on the Internet.



I got a call from Nationwide, asking about the mortgage, she said if we were going to live in the flat, I said yes, she commented that there were tenants currently living at the property, then the curiosity side of me took over, I asked "what if we wanted them to stay there for a bit, say 10 months?" She didn't like this, and I explained it was just a question (I know now in hindsight never to say this again) She then said I had to get an eviction notice and a letter from the tenants saying they were going to move out, I said ok and the call finished.

unquote

So you apply for a mortgage with the intention of occupying the property. NW then find out there are tenants in the property and they call you. You then answer their questions and then you say about the possibility of letting the occupants stay there for 10 months.

You have now put doubt in the mind of the lender your true reason for the mortgage.

Personally I get the impression this was your intention all along to leave the tenants in situ.

At least next time be honest with your advisor so they can guide you in the right direction.

csgohan4

aww I missed this one, the op saw a money opportunity and acted on it, albeit foolishly

amnblog

Wish I had been here in time for this one!

Me too.

Sounds juicy.

FBaby

Your problem is that if indeed you were planning on moving in, it would have been expected that the tenants had already received an eviction notice, that's assuming that they were not on a fixed term or that the fixed term was coming to an end.

I personally don't think it is what you said that failed you, but what happened before that led them to the phone call. I can imagine the valuer going there, tenants being surprised, valuer asking if they knew the place was about to be sold, tenants saying they had no idea, that they had a fixed term AST lasting another 10 months and had been told that they could remain there long term, that all they had been told was that they were going to have a new landlord in the next couple of months but that it would make no difference to them.

Surveyor reports his concerns which prompt the call and by asking your question, just confirmed their already established suspicions.

csgohan4

I feel sorry if the OP had a mortgage fraud marker put on their files over 2 seconds of madness.


TBH OP should have done their own homework, lenders lend on vacant on completion.