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Aldermore API to Full Application Acceptance
FTBHere2018
Posts: 19 Forumite
Hi all,
My partner and I are trying to purchase our first home, we have an offer accepted Friday night on a new build, little did we realise we needed a 95% LTV mortgage with our 7% deposit and banks are often unwilling to lend on new builds due to the drastic devaluing, but we went to our broker and we have an AIP with Aldermore, and we are to submit full application tomorrow - (Am a bag of nerves) basically, my fear is we'll get turned down, I was in my planned overdraft in June on my bank statement, I have a little balance on my credit card outstanding, nothing major but still a bit concerned, we've never missed a payment in our lives, and never had car finance or anything - basically do you reckon we'll be okay?
My partner and I are trying to purchase our first home, we have an offer accepted Friday night on a new build, little did we realise we needed a 95% LTV mortgage with our 7% deposit and banks are often unwilling to lend on new builds due to the drastic devaluing, but we went to our broker and we have an AIP with Aldermore, and we are to submit full application tomorrow - (Am a bag of nerves) basically, my fear is we'll get turned down, I was in my planned overdraft in June on my bank statement, I have a little balance on my credit card outstanding, nothing major but still a bit concerned, we've never missed a payment in our lives, and never had car finance or anything - basically do you reckon we'll be okay?
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Comments
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Is the only issue 95% new build house?
There is another lender who is a fair bit cheaper than Aldermore.
You will be fine with aldermore based on what you have said.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Yeah our LTV is 92.16%, and house build was completed last year, since we're now all ready to go with Aldermore we'll go ahead with the full app tomorrow - thank you, you've helped ease my worry a bit
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