Unfair Fraud markers placed

dunstonh

So you are honestly saying that I should have a fraud marker on my name because, I made a few mortgage applications within a short time and changed my mind? 

Yes.  That is not the activity of someone doing normal things.

and do not even comprehend how I could have even been committing fraud in the first place?

Three different lenders receiving applications for three different properties in the space of a month followed by you doing a vanishing act.  it smells rotten.

Why in your opinion do I deserve to have fraud markers on my name for making multiple applications and being indecisive?

You do not apply for the mortgage until the vendor accepts your offer.   The time for indecision is before you put the offer in.  Not when it has been accepted.    And you dont apply for the mortgage earlier than that.

But I am me and made a few applications under my name, how is that committing an offence that I should be punished for?

It is not an offence.   The register is a record of potentially fraudulent activity.

Buying a house and taking out a mortgage is serious stuff.  It's not like buying a mobile phone.   You started a process involving hundreds of thousands of pounds of debt and then vanished overseas without contact.   You failed in your basic duties as a responsible adult and these are the consequences.  The fact you cannot see this also does not help you case. (i.e. when you  say you feel really mistreated).   

That said, there is still some inconsistency in your information and their actions.  Did you notify them of different conveyancing solicitors?  Did the solicitors know you were employing them (i.e. when the lender contacted the conveyencor they may have replied they did not know anything about you)?    Did the estate agents know you were buying the property and had an offer accepted? (the lenders may have contacted the estate agent after you went missing to find out what was going on - if they were told that you were not buying the property then that would trigger the notification).

Thrugelmir

You won't get the markers removed. The markers on National Hunter exist to protect other financial institutions. Financial relationships are built on trust. No trust no relationship. As simple as that.  
Your explanation would provide zero confidence. As you were fully aware of your actions. In the end seemingly running away. 

[Deleted User]

I think it looks dodgy .... but 
As you say its not then you must challenge it.
If it was me, id write the SAME letter to all three institutions and make it clear all 3 are being written to at the same time. 

Set out a clear time line with dates etc as to what happened, when, why and how this all happened. See what they say 
if no then refer to financial ombudsman 

I personally find it impossible to work out how let alone why one could physically apply to three different lenders for three different properties by changing ones mind so quickly and then dropping out of them all. Its not how a normal purchaser works under any circumstances and most certainly not a residential FTB who usually fuss around for weeks over one property. 

Thrugelmir

Densol said:

if no then refer to financial ombudsman 

What's recorded on on N Hunter is factual. How lenders decide to use that information is a commercial decision. No case to answer.  In time the data will be deleted. 

ap789

Densol said:

I think it looks dodgy .... but 
As you say its not then you must challenge it.
If it was me, id write the SAME letter to all three institutions and make it clear all 3 are being written to at the same time. 

Set out a clear time line with dates etc as to what happened, when, why and how this all happened. See what they say 
if no then refer to financial ombudsman 

I personally find it impossible to work out how let alone why one could physically apply to three different lenders for three different properties by changing ones mind so quickly and then dropping out of them all. Its not how a normal purchaser works under any circumstances and most certainly not a residential FTB who usually fuss around for weeks over one property. 

Thank you I am in the process so fingers crossed.

 At the time I did not realise that it would even be a thing or that my credit score would be affected by each time I applied. It just seemed like an easier thing to do. To start from scratch. Looking back on it, I was VERY NAIVE !

ap789

dunstonh said:

So you are honestly saying that I should have a fraud marker on my name because, I made a few mortgage applications within a short time and changed my mind? 

Yes.  That is not the activity of someone doing normal things.

and do not even comprehend how I could have even been committing fraud in the first place?

Three different lenders receiving applications for three different properties in the space of a month followed by you doing a vanishing act.  it smells rotten.

Why in your opinion do I deserve to have fraud markers on my name for making multiple applications and being indecisive?

You do not apply for the mortgage until the vendor accepts your offer.   The time for indecision is before you put the offer in.  Not when it has been accepted.    And you dont apply for the mortgage earlier than that.

But I am me and made a few applications under my name, how is that committing an offence that I should be punished for?

It is not an offence.   The register is a record of potentially fraudulent activity.

Buying a house and taking out a mortgage is serious stuff.  It's not like buying a mobile phone.   You started a process involving hundreds of thousands of pounds of debt and then vanished overseas without contact.   You failed in your basic duties as a responsible adult and these are the consequences.  The fact you cannot see this also does not help you case. (i.e. when you  say you feel really mistreated).   

That said, there is still some inconsistency in your information and their actions.  Did you notify them of different conveyancing solicitors?  Did the solicitors know you were employing them (i.e. when the lender contacted the conveyencor they may have replied they did not know anything about you)?    Did the estate agents know you were buying the property and had an offer accepted? (the lenders may have contacted the estate agent after you went missing to find out what was going on - if they were told that you were not buying the property then that would trigger the notification).

The thing is that I did not set out to deceive anyone and didn’t. My concern here is that you seem to be speaking to me as if I am some sort of dishonest criminal and I am not. Being indecisive shouldn’t be a crime.

I left the country because a close family member of mine passed away and I needed to travel overseas.

A fraud marker should represent dishonesty and deceit. My intentions were not this. 

Hypothetically, even if I really did have the intentions of purchasing 3 properties in a month (which I didn’t), where is the crime or fraud? I would imagine plenty of property developers do this all the time.

I just don’t get what the potential fraud is, that could be happening here?

Yes I started an application, however as it was incomplete, no money exchanged& therefore my contract between myself and the lenders was not activated, therefore we had no legal obligations to each other. I did not notify them of the different Conveyancers as they were not relevant to each other as I only intended on completing on one property at the time.

What are the financial institutions being protected from ? I still do not think I did anything that warrants this type of punishment.

And what actions have I made that were dishonest that I was aware of? As explained originally I was not “running away” from these applications and will now be confronting each lender offering to provide them with any information now that they wanted back then.

[Deleted User]

Thrugelmir said:

Densol said:

if no then refer to financial ombudsman 

What's recorded on on N Hunter is factual. How lenders decide to use that information is a commercial decision. No case to answer.  In time the data will be deleted. 

EDITED - Having read thread again and noting three different solicitors, three different lenders and three different properties all in the space of a month - Im tending to agree 

dunstonh

The thing is that I did not set out to deceive anyone and didn’t. My concern here is that you seem to be speaking to me as if I am some sort of dishonest criminal and I am not. Being indecisive shouldn’t be a crime.

No. We are not saying you are.  Just that you have given the impression you are.  

I left the country because a close family member of mine passed away and I needed to travel overseas.  

And did you notify all three lenders of this or that you were withdrawing the mortgage as the property purchase fell through?

A fraud marker should represent dishonesty and deceit. My intentions were not this. 

Sometimes it not not just the intention but what it looks like.

Hypothetically, even if I really did have the intentions of purchasing 3 properties in a month (which I didn’t), where is the crime or fraud? I would imagine plenty of property developers do this all the time.

We don't know if fraud was going to occur or not.  It certainly looks suspicious and suspicion is all that is needed.

Property developers do not do this all the time.  They do not vanish without explanation.   They do not fail to inform the vendor/estate agent that they are pulling out. They do not fail to tell the lender they are pulling out.

Yes I started an application, however as it was incomplete, no money exchanged& therefore my contract between myself and the lenders was not activated, therefore we had no legal obligations to each other.

That is incorrect.   A mortgage application contains declarations and duties that you agree to.

I did not notify them of the different Conveyancers as they were not relevant to each other as I only intended on completing on one property at the time.

Did you tell the conveyancers that you had ended the process?

Did you tell the lenders that you were ending the process?

Did you tell the vendors/estate agent that you were withdrawing?

From what you have said so far, it appears you didn't.  So, the lenders had someone attempting to obtain hundreds of thousands of pounds from them suddenly go missing and no-one knew what was happening.   

Then you did it again.   And again. and then tried again only to be told you are now on the anti-fraud warning register.

As explained originally I was not “running away” from these applications and will now be confronting each lender offering to provide them with any information now that they wanted back then.

I would use batter language than "confront".   You made a right mess of things and you should have a more apologetic tone.

You may well be naive to the process but there is also common courtesy.  How you treated the vendors in each property and the solicitors and lenders leaves a lot to be desired.   Naivety should not be used as an excuse for that.

[Deleted User]

I just read this again 
Three different conveyancers too ?
I agree you were naive but only on the basis you’d think you could get away with it !

csgohan4

Is the OP genuine, doesn't seem quite right, even if it was, the cifas markers  for fraud are there for a long time, not sure how long for, but you will get issues applying for any kind of credit I am afraid. You reap what you sow, your indecisiveness will cost you sadly. But more importantly you wasted 3 parties worth of individuals