I need urgent help

wateva121

I have applied for a shared ownership house through the housing association. My application got accepted, everything was running smoothly until the housing association recommended broker starting laying back too much considering we were given a completion date. We missed the completion date and was then given a last renewal date which is for next week.

I applied to halifax orginally through the recommended broker but got refused, then the broker put the application forward to leeds building society. The survey got carried out, everything was fine until my employment reference got sent to the bank.

I am currently working for nestle on a 11 month contract which gets renewed every year. It is my sixth month of employment with them so far I have had no problem up until now as the only lady who works in hr (she is very spiteful considering I was on her case everyday last week to fax back my reference and she sent it today) stated in my reference that I am employed on a weekly basis for the time period of 11 months, this has caused me a major problem as the bank have now refused to give me a mortgage offer (as in there view I could be layed off work in the following week) but this is not the case as my original contract of work states I am on a 11month contract. I asked my broker is there anything I can do, all he said is that if hr woman is willing to change my reference then the bank may consider it but I know that the hr lady is so stubborn theres no way she will change anything. What do I do as I submitted another application through another broker two weeks ago only this time its for nationwide bank and I think once they request for a reference they will get the same response and I will be refused.

Please advise....

A_Nice_Englishman

Send them a copy of your contract of employment showing you are employed on an 11 month contract and evidence that it has been renewed every 11 months for however long?

wateva121

this is what I thought of doing but then got told by the broker as there is no point as the bank as clearly stated the reference needs to be complete in compliance to the questions they have asked and none other than hr can answer it

Dan_Collins_2

What she is doing is against the law, she is giving false information. Now if your contract has been renewed once then you should have no problems. Why did they write for a reference?

Nationwide will want 3 months payslips and a p60 unless you have a big deposit and a high credit score. If you can provide this then they may not ask for a reference.

Nationwide are far better than Leeds but they will require a 5% (of your share) deposit, Leeds will lend 100%.

I would go to the HR lady and tell her that Leeds Building Society are using words like freud and are asking why your contract says one thing and the reference another. If no joy go to her boss!

wateva121

I just spoke to a work collegue of mine whose employment contract has been renewed (mine hasn't been as yet, as I have just been working with the company for six months)and he stated that nestle presented him with the same dilema as mine as he got refused a mortgage too on the same grounds so instead he had to take a secured loan out. it appears that im stuck in a rut! is there any banks that just take the wage slips into consideration when giving a mortgage offer rather than an employer reference

Gorgeous_George

I don't know where you live wateva. Nor do I know what the market will do over the next 12/24 months.

I do know that if you were my son or daughter I would advise you that this witch in HR may prove to be your best friend. If the market corrects itself or crashes you may find yourself in a much better position in a year or two. Have patience and your day will surely come. Maybe you will buy the witch's repossessed coven.

GG

wateva121

Lol ^ thats the first time Ive laughed all day, I live in the uk, england, staffordshire, the reason why i'm pinning my hopes on this house is because it was an achievement to even get to where I am now as I had go through a number of searches and have even piad my reservation fee for the house let alone paid two valuation fees (one for halifax that got refused, leeds building society was free and nationwide cost me an awful lot aswell) thats why correct me if I am wrong to but don't want to give up until I have given everything a shot

Dan_Collins_2

wateva121 wrote: »

Lol ^ thats the first time Ive laughed all day, I live in the uk, england, staffordshire, the reason why i'm pinning my hopes on this house is because it was an achievement to even get to where I am now as I had go through a number of searches and have even piad my reservation fee for the house let alone paid two valuation fees (one for halifax that got refused, leeds building society was free and nationwide cost me an awful lot aswell) thats why correct me if I am wrong to but don't want to give up until I have given everything a shot

To right, if you fix your rate you can ride anything out, so houses go down they always come back stronger! FACT!

Nationwide wil not want a reference if you can supply payslips and a P60. Abbey may be the same. It all depends on how you package the case. Thing is if your broker is fee free he will not earn a lot out of it, he/she should be doing this for you! Shared ownership cases are always treated with caution by lenders because they are high risk as in high loan to value!

I dont understand this though. Why would Nestle say this if the contract would not. I would get that sorted before you proceed. She is committing freud!

wateva121

I can't supply a p60 as I haven't got one, I started working for nestle in may, prior to that I was in uni

Dan_Collins_2

wateva121 wrote: »

I can't supply a p60 as I haven't got one, I started working for nestle in may, prior to that I was in uni

There lies your problem with Nationwide. Seriously if your broker is still on the scene he should be sorting this out for you. Although its down to you to sort your HR witch out!!

wateva121

Im unaware as to what else the broker can do in such a situation as I am unfamilar with the conducts of the way the broker applies himself to such a situation. Can you possible enlighten me as to how he could step up to do his role better