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Santander Formal Offer Withdrawn 2 weeks after issued

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  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Santander bought the the Abbey National. How why was the debt written off?
  • We do not know if it was. Due to the length of time I thought I may be
  • Any way I am not going to argue over Symantec's. We have an issue I am not sure if it's regards to that debt or not. I was just looking for a little advice.
  • If the question about any failed commitments in your lif is answered as a no. And then they see internally on post offer checks that there was a written off debt, they will pull the offer for undisclosed credit.

    If its 6yrs plus then I don't doubt you will get a mortgage elsewhere, just don't try get one from a lender you didn't pay back previously.

    I'm surprised it didn't come up in a fact find. I always ask about any particular companies to avoid due to past indiscretions.
  • Even though defaults drop off credit records I think Lenders keep records going much further back. As Abbey National was bought by Santander you are best avoiding them unless you are now intending to repay them.
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  • No as it's over 6 years old. We are not sure of that is even the issue

    The debt isn't written off, they just can't chase you for it through the Courts or report it on her credit file. . They still have records about it and she still owes the money.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Any way I am not going to argue over Symantec's. We have an issue I am not sure if it's regards to that debt or not. I was just looking for a little advice.

    The nature of the debt and the circumstances surrounding the non payment could have a material bearing on Santanders decision. The devil is in the detail one suspects.
  • SonOf
    SonOf Posts: 2,631 Forumite
    1,000 Posts Fourth Anniversary
    Any way I am not going to argue over Symantec's. We have an issue I am not sure if it's regards to that debt or not. I was just looking for a little advice.

    One of the good things about the PPI miselling issue is that a lot of old data was brought back onto the modern systems that had previously never been on there as it dropped off older, replaced systems. So, some lenders have a lot of historic data available to them now.

    You partner didn't make a PPI complaint at some point by any chance? (not necessarily about that debt but any with the Santander group) Although some banks have just brought the data backonline for what they found for everyone and not just those that complained.

    I suspect your partner did not disclose this unpaid debt on the application when asked and Santander have now found it and that is the reason for failure.
  • foxy-stoat
    foxy-stoat Posts: 6,879 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Any way I am not going to argue over Symantec's. We have an issue I am not sure if it's regards to that debt or not. I was just looking for a little advice.

    Maybe start a new thread with a different name, you may get some different answers there.
  • Most unfortunate that not picked up at time of application but sometimes further checks are made for a various quality and audit reasons.

    If Santander are anything like the banks I have work for, the credit dept have long memories and will not lend again to someone who has defaulted on their obligations (especially if outside of formal insolvency) i.e. "wont pays" as opposed to "cant pays"
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