Skipton BS lending criteria - previous repossession

ambc

I must stress that our broker gave his bus dev manager a full overview of our situation before he got that answer, so I don't know whether that's a blanket policy or one that was applied to our individual situation.

I also only gave details of circumstances. To be honest, it was such a long time ago and I've kept no documentation whatsoever from back then, so I couldn't quote an account number if my life depended on it, and I could only offer a guess (albeit an educated guess!) in terms of numbers. And I assume that that kind of inaccuracy wouldn't really be helpful to anyone.

Having said that, nobody has asked for that info either!

Sure - I'll update when... if... we get a decision. )

JaneyLouWho

How are you getting on ambc - heard anything back from Skipton yet?

ambc

As it happens, I've literally just heard back from my broker (who is fielding questions from Skipton) and was heading back here with a question!

Skipton have now asked for figures relating to the bankruptcy and the repossession.

However, this all happened over 10 years ago and I certainly don't have any records of this. I understand that banks themselves also generally don't keep records going back more than 6 years or so, either. I'm not even sure I could name the financial institutions involved with any degree of accuracy, anyway.

Additionally, it was all handled by the Official Receiver which meant it was effectively illegal for me to be in direct contact with creditors, so I left it all to them. It was a horrible and stressful time too, which doesn't help make it any easier to remember.

However, I do remember who petitioned for my bankruptcy and I have a vague idea of the amount the petition was for (it was around £1500) and there were a couple of low <£2k ish balance credit cards).

I also know how much I purchased the property for and roughly how much deposit I put down (there was nearly £25k in equity at point of purchase, not including any increases while I owned it), but as for whether there was a repo sale price shortfall, I have absolutely no idea.

So, I've just updated the broker with that info, being as honest as I can be without resorting to making up figures, and have asked for advice from them.

In the meantime, has anyone else ever been in this position - where a lender is asking for historical figures that I can't possibly provide?

Or have any other brokers ever advised on this kind of thing?

Thanks.

JaneyLouWho

Eeek. Fingers crossed then.