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Halifax Mortgage Query

alphabravocharli
alphabravocharli Posts: 90 Forumite
Third Anniversary
in Mortgages & endowments
Hi All,
I was wondering if anyone has some experience with the same scenario, i am facing. Almost 1 year ago Lloyd closed my current account by giving me 65 days notice. Please bear in mind my account never froze. Lloyd only close the account after 65 days. They mention in the closure letter that if i open account in Lloyds, Halifax or BOS in future they reserve the right to close it.

Now i was looking for mortgage through a broker and i had told him that in past Lloyd closed my account so they might not give me a mortgage but he still went ahead and successfully got AIP from halifax. Now the dilemma is if i go with full application, is it possible halifax will reject the mortgage solely due to Lloyds account being closed?

Comments

  • boo_star
    boo_star Posts: 3,202 Forumite
    Part of the Furniture 1,000 Posts
    alphabravocharli wrote: »
    Hi All,
    I was wondering if anyone has some experience with the same scenario, i am facing. Almost 1 year ago Lloyd closed my current account by giving me 65 days notice. Please bear in mind my account never froze. Lloyd only close the account after 65 days. They mention in the closure letter that if i open account in Lloyds, Halifax or BOS in future they reserve the right to close it.

    Now i was looking for mortgage through a broker and i had told him that in past Lloyd closed my account so they might not give me a mortgage but he still went ahead and successfully got AIP from halifax. Now the dilemma is if i go with full application, is it possible halifax will reject the mortgage solely due to Lloyds account being closed?

    It's possible, yes.
  • alphabravocharli
    alphabravocharli Posts: 90 Forumite
    Third Anniversary
    hmm disappointing. Is there any way i can confirm from halifax before making full application. also if full application is rejected how much it will have impact with other lenders.
    boo_star wrote: »
    It's possible, yes.
  • LRmortgage
    LRmortgage Posts: 484 Forumite
    Seventh Anniversary 100 Posts Name Dropper
    Why not just use another lender, one that isn’t Halifax or part of the Lloyds banking group.
    There are many other lenders out there...
    I am a Mortgage Adviser
    You 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.
  • amnblog
    amnblog Posts: 12,781 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    A Lender does not close an account unless you are causing them complications. Why would Halifax welcome you back for new business so soon afterwards.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
  • alphabravocharli
    alphabravocharli Posts: 90 Forumite
    Third Anniversary
    It is because of 2 reasons. First i am on Tier 2 Dependent Visa secondly i am self employed. So my lender choice are limited.
    LRmortgage wrote: »
    Why not just use another lender, one that isn’t Halifax or part of the Lloyds banking group.
    There are many other lenders out there...
  • alphabravocharli
    alphabravocharli Posts: 90 Forumite
    Third Anniversary
    edited 15 May 2019 at 7:56PM
    Well mortgage and current account are 2 different things. So i thought they might be ok to give mortgage.
    Regardinf why account was closed it might be because i had to do international transfers and they might not be comfortable with it.

    amnblog wrote: »
    A Lender does not close an account unless you are causing them complications. Why would Halifax welcome you back for new business so soon afterwards.
  • boo_star
    boo_star Posts: 3,202 Forumite
    Part of the Furniture 1,000 Posts
    alphabravocharli wrote: »
    Well mortgage and current account are 2 different things. So i thought they might be ok to give mortgage.
    Regardinf why account was closed it might be because i had to do international transfers and they might not be comfortable with it.

    My gut instinct would be to look elsewhere. If there is nowhere else that will lend then you may as well cross your fingers and carry on as you have nothing to lose.
  • alphabravocharli
    alphabravocharli Posts: 90 Forumite
    Third Anniversary
    Just to update, i got full mortgage application approved from Hali.
  • alphabravocharli
    alphabravocharli Posts: 90 Forumite
    Third Anniversary
    just to update. i got my full application approved from Hali.
    boo_star wrote: »
    My gut instinct would be to look elsewhere. If there is nowhere else that will lend then you may as well cross your fingers and carry on as you have nothing to lose.
    amnblog wrote: »
    A Lender does not close an account unless you are causing them complications. Why would Halifax welcome you back for new business so soon afterwards.
    LRmortgage wrote: »
    Why not just use another lender, one that isn’t Halifax or part of the Lloyds banking group.
    There are many other lenders out there...
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