Bankruptcy and mortgage

Keatster

HI ACG

I wasn't aware you couldn't name names. Looking at the list of H2B equity lenders those who consider BR a quite few. Would the Leeds be another option?

I am struggling also with my broker's interpretation of the nationwide BR question...I still think we should be answering no...do you have an thoughts on this?

ACG

It has been a while since I have used Nationwide but I have just checked their paper application form and the question reads:

Have you been declared
bankrupt or entered into a
voluntary arrangement with a
creditor in the last 6 years?

In which case I would answer the question as no.

However, the last case I submitted to them, on the clients application form the question asks:

Ever been bankrupt or entered into a voluntary agreement with a creditor in the last 6 years

In which case I think I would be inclined to answer it as yes. As it reads to me like Have you EVER been bankrupt, or an agreement with a credit in the last 6 years.

To be honest, I would call up my account manager if I was unsure about the wording on their website and get someones to tell me how to answer and get their name.

Your broker should be doing this for you though. It i not down to you to do this level of research or chasing. That is what you pay your broker for.

Keatster

Thanks ACG.
Broker has confirmed with her account manager who said that it was ambigupusly worded, which maybe suites the bank, but as she asked she should answer it as yes, and the underwriter would likely want the certificate.

As it is her Halifax account manager informed her that answering NO to their version of the question is correct. So we are going down the halifax route.

You are right, I probably shouldn't be getting ILinton this level of detail, but I can't help it. I'm naturally sceptical and need to know the minutiae when it comes to my finances...not being so got me in to this mess in the first place.

I'm sure I'm frustrating the hell out of my broker...

Thanks for all the prompt help anyhow, hopefully tommorrow I'll have a Halifax DiP to go with my H2B authority and the stress of last few days will be a distant memory.

K