Feeling deflated

Royster82

From Halifax website, guess you might need to speak with a manager etc to get the feeback

https://www.halifax-intermediaries.co.uk/pdf/valuation-fee-promise-factsheet.pdf

ACG

Good to hear it is looking good. I was not thinking of tsb, but I was thinking of a couple of high street options.

I won't say congrats just yet so as not to tempt fate.

amnblog

...and the moral of the story is don't go direct to Lender with a bumpy credit history.

MaireNG

Hi


I am in a similar situation, I have a offer accepted on a house after receiving a AIP with Halifax (through a broker). We have since seen two more brokers who advised us that the AIP isn't worth much at all with Halifax.

I have a CCJ registered in May 2014. The settled date is June 2016 value £1500.

We are looking for a 90%ltv. And have been advised by a broker that Kensington is the best option?

We need to give a decision this Friday to the estate agents to instruct the Vendors to start their processes.


Thanks!

ACG

Kensington will probably do it, but there may be cheaper options. Although if you have seen 3 brokers then maybe they know something we do not.

MaireNG

Thanks,


We have seen 3 because of friends and family connections and help being offered.


The first one said it would be fine. The other two said CCJ's should ideally be settled a year or 15% deposit might be better. We haven't applied anywhere else. I am worried about using Kensington.
apart from the CCJ our credit files are clear, we have a good combined income. I thought there might be a high street lender that would be more suitable but I guess it depends on the day?

amnblog

MaireNG wrote: »

We are looking for a 90%ltv. And have been advised by a broker that Kensington is the best option?

Kensington may lend you 85%, they won't do 90%.

You need to work with 15% deposit as that is a hefty and recent CCJ for lending with 10% deposit.

Thefutureisbright

*UPDATE*
Our full application has now been submitted (it went in yesterday). Our broker has said we should hear by the end of the week. I've checked my credit report and can see that the TSB has done a hard search. My question now is the search is coming up as follows:
Search: TSB
Date: 21/02/17
Search Type: Unregistered Enquiry
Term: 19 months
Amount: £153,000

I have 2 questions...

1. 19 months? Does this mean that our broker has entered this incorrectly as we were applying for 19 years? If so, is this going to be another decline as 19 months is obviously an error.

2. When we had the hard search by Halifax, there were no values on the search. Is this just a different type of search that the Halifax do or has this gone a step further than the one with the Halifax as values have been entered into the search?

I have emailed our broker but I guess I won't hear back until tomorrow and I'm impatient )

Thefutureisbright

*UPDATE*

TSB have been in touch this morning as they aren't happy with the format of my payslips. Basically, my pay slips are emailed to my personal email address and I work for a Division of a larger company trading under a different name and as my pay slips don't have the name of the division I work for, they want more evidence regarding the company name. I have now provided this so hopefully this should satisfy them...I HOPE!

ACG

Just think of Dumb and Dumber...so your telling me theres a chance.
I always say that I would rather a lender come back and ask for 10 pieces of information than say no. They are looking to accept it and yes they probably are being a bit anal, but its a paper exercise by the sounds of it.