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Santander Formal Offer Withdrawn 2 weeks after issued
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Santander bought the the Abbey National. How why was the debt written off?0
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We do not know if it was. Due to the length of time I thought I may be0
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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.0
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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.0 -
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.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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Braindeadagain wrote: »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.0 -
Braindeadagain wrote: »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.0 -
Braindeadagain wrote: »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.0 -
Braindeadagain wrote: »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.0 -
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"0
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