Mortgage advisor hasn't declared my defaults even though I asked him to...

Narkynewt

Ok so our mortgage application has been submitted this morning to Halifax. We are applying for a mortgage of £160,000, we have a £53,000 deposit (£10,650 from us the rest help to buy loan) the house is being bought for £213,000.

My income is £24,500 and my partners is £21,500 we don't owe a penny on any credit cards or store cards.

I have 2 defaults from late 2012 (one for £648, the other £192 from my stupid uni days) which my mortgage advisor said won't be a problem because they are so old and since then my credit file is exemplary since then as is my partners. Other than these 2 defaults we have never had a late payment for anything.

I asked him to disclose these on our application asked and he said he would.

I just spoke with him and he advised me he was about to submit our application, and he took the valuation fee of £430.

I then went through a few bits and I reiterated that the defaults were on the application and he said 'No, you don't tell them anything until they ask'...... I was and bit taken aback because I have said to him quite and few times I want it going on the application.

He said if the come back and ask any questions he will tell them I had disclosed it to him.

Does this sound right? Has anyone had any luck with Halifax recently with defaults on their credit file?

So stressed about everything at the moment, any advice will be much appreciated.

steampowered

I'm no expert, but wouldn't Halifax see these defaults from their standard credit check?

It might be worth asking the broker for a copy of the mortgage application form. If there is a question which requires you to specifically declare any defaults, they should obviously be declared. But if they don't ask the question, then it seems fine.

Narkynewt

Yes they will see them anyway, that's what he has said, they will see them any way so no need to disclose. Am just stressing and need a bit of reassurance I suppose, I will ask him to send me a copy of the application , thanks x

kingstreet

There is no detailed disclosure.

There is a radio button next to;-

"Have any applicant(s) had a County Court Judgement or default registered against them or if self employed against their business?"

which should be pressed for yes if these are dated within the last six years.

SeduLOUs

In relation to you other thread I've recently been approved with Halifax with a default on file from 2011. The default (for £1200) has since dropped off in July but was present when I got my final mortgage offer after valuation.

I didn't see the application form the broker submitted but Halifax did check my credit file twice so would have known about the default.

For info I'm a single applicant borrowing £84k with a deposit of £40k.

Narkynewt

kingstreet wrote: »

There is no detailed disclosure.

There is a radio button next to;-

"Have any applicant(s) had a County Court Judgement or default registered against them or if self employed against their business?"

which should be pressed for yes if these are dated within the last six years.

I am guessing he would have pressed yes! As they were 4 years 8 months ago... what a silly girl I was!

Fingers crossed for me

Narkynewt

SeduLOUs wrote: »

In relation to you other thread I've recently been approved with Halifax with a default on file from 2011. The default (for £1200) has since dropped off in July but was present when I got my final mortgage offer after valuation.

I didn't see the application form the broker submitted but Halifax did check my credit file twice so would have known about the default.

For info I'm a single applicant borrowing £84k with a deposit of £40k.

50% ltv is a much lower rusk to the bank but I am happy to see they still take applicants with defaults. Thank you for replying.

saajan_12

SeduLOUs wrote: »

For info I'm a single applicant borrowing £84k with a deposit of £40k.

Narkynewt wrote: »

50% ltv is a much lower rusk to the bank but I am happy to see they still take applicants with defaults. Thank you for replying.

surely that's 68% LTV (borrowed amount / total property value is what counts)

Narkynewt

saajan_12 wrote: »

surely that's 68% LTV (borrowed amount / total property value is what counts)

I didn't do the maths sorry and I was extra tired, that's my excuse and I am sticking with it

Valuation has now been booked in so we have passed the credit checks

Narkynewt

Full offer received! Move in 3 weeks!

eddddy

Narkynewt wrote: »

Full offer received!

Excellent news!

Narkynewt wrote: »

Move in 3 weeks!

Ummm... have you exchanged contracts?