Nationwide Decision appeal

Thrugelmir

mrsmortgage said:

That as company policy, they take accrued unpaid leave that week as all employees get one of their bonuses that week and they're less likely to be out of pocket.  The broker thought it was too harsh too, and that they could potentially bend the rules a bit. 

Accrued unpaid leave? Not something I;ve ever heard of. Though if the arangement is contractual the lender is correct in their treatment.

mrsmortgage

Thrugelmir said:

mrsmortgage said:

That as company policy, they take accrued unpaid leave that week as all employees get one of their bonuses that week and they're less likely to be out of pocket.  The broker thought it was too harsh too, and that they could potentially bend the rules a bit. 

Accrued unpaid leave? Not something I;ve ever heard of. Though if the arangement is contractual the lender is correct in their treatment.

It’s not in their contract but something they decided a few months ago. It was actually a surprise, he had to ask HR what happened and that was the explanation. 

ACG

If I am being completely honest, I would have been caught out by it too. I have never known a lender to have an issue with how many days off you have over a given period. If your last/last few payslips show you have been off ill continuously that is slightly different as lenders would typically want to know you are back at work, but I have never come across this before. 

It sounds like your broker has made a mistake, I think they need to be looking for Plan B and there are lenders who take a less stringent approach. Your broker would need to check affordability, but on the face of it, it should be possible. 

mrsmortgage

Thank you, that gives us some hope. 
Nationwide the most generous, but Halifax (according to their calculator) would give up to £199k or thereabouts. 
Natwest, Santander, Barclays and HSBC won't give us enough. 

mrsmortgage

Update: broker is going to appeal with latest payslips so I'm assuming she's already spoken to someone. 

Thrugelmir

mrsmortgage said:

Thrugelmir said:

mrsmortgage said:

That as company policy, they take accrued unpaid leave that week as all employees get one of their bonuses that week and they're less likely to be out of pocket.  The broker thought it was too harsh too, and that they could potentially bend the rules a bit. 

Accrued unpaid leave? Not something I;ve ever heard of. Though if the arangement is contractual the lender is correct in their treatment.

It’s not in their contract but something they decided a few months ago. It was actually a surprise, he had to ask HR what happened and that was the explanation. 

How do employees accrue unpaid leave? Interested to know. 

mrsmortgage

At his company everybody has the right to 5 days of flexible leave, they can be unpaid or paid back through out the fiscal year. So originally he took 5 days in October, that didnt get deducted immediately and paid back 2 out of 5 between October and December. It’s a new thing they decided in the summer and are still (as we can see) ironing it out.