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What do i actually put as my outstanding balances!
jlaw4
Posts: 122 Forumite
Hi,
I am a FTB and have had conflicting information all along!
Our situation is as follows:
Halifax - £4700 (being repaid in full before mortgage starts as 0% ends) but only showing £3800 on Experian (report was yesterday)
First Direct £1600 (being repaid in full before mortgage starts as 0% ends) shows as £400 on experian.
Whereas the two that are staying are opposite
Barclays £1850 but showing £2K on experian
TSB £2250 but £2400 on experian.
& a car loan £7300 thats showing £7500
I don't know what to put on the application and what to leave off as my broker has got us an AIP with BOI accepted but i've now been told BOI have strict criteria and it can't be over 30% annual income debt to income ratio and i think we come in at something like 35% because of a car loan i have... so do i put what the balance is today or what my credit report says! So confused by it all.
I am a FTB and have had conflicting information all along!
Our situation is as follows:
Halifax - £4700 (being repaid in full before mortgage starts as 0% ends) but only showing £3800 on Experian (report was yesterday)
First Direct £1600 (being repaid in full before mortgage starts as 0% ends) shows as £400 on experian.
Whereas the two that are staying are opposite
Barclays £1850 but showing £2K on experian
TSB £2250 but £2400 on experian.
& a car loan £7300 thats showing £7500
I don't know what to put on the application and what to leave off as my broker has got us an AIP with BOI accepted but i've now been told BOI have strict criteria and it can't be over 30% annual income debt to income ratio and i think we come in at something like 35% because of a car loan i have... so do i put what the balance is today or what my credit report says! So confused by it all.
0
Comments
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Use the actual balances.Slummy mummy!0
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Actual balances. As there's a time lag in reporting and therefore visibility.0
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