Unfair Fraud markers placed

davidmcn

ap789 said:

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).

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.

Not by using three separate solicitors, three separate lenders, and not disclosing to the lenders their other intended borrowing.

Brock_and_Roll

3 separate solicitors....that is taking the mickey!! I can think of no reason why any reasonable buyer, naive or otherwise, would feel the need and frankly the effort instructing 3 different solicitors in such a short time.
As a banker, I would want to see these markers so that I could scrutinize any future application from the OP very carefully indeed!

I doubt we shall hear from the OP again

haras_n0sirrah

Buying a house isn't like buying 3 pairs of trousers and returning the two you don't want. Houses falling through costs people a lot of money and heartache, the solicitors have all wasted time and money as have the vendors, the estate agents, the mortgage companies while you were thinking about which house to keep.

If you do try to buy again choose 1 house you really want and stay off rightmove.

csgohan4

bereavement doesn't get you off the hook for wasting other's time and money And your indecisiveness.  As above, buying a house is not a shotgun approach and returning the one you don't like. 

What possessed you to go through 3 separate mortgage applications needing 3 separate solicitors. Did you not think it was wrong? most people only buy one house, you had 3 on the go. 

I'm calling this as a troll thread

[Deleted User]

Until the 3 sets of solicitors came to light, I was feeling you'd been harshly treated. Yes it seems crazy to make 3 applications so close together. Yes it seems crazy to even have 3 different properties... but 3 properties and 3 solicitors? 

I assume you applied for residential mortgages for the lot? Lender will assume, with that many properties, they are "buy to lets".

Were any of the properties in BTL areas / 'student suburbs'? If they were, you've got no hope of getting it overturned IMO. 

I think the previous idea of a letter addressed to all 3 lenders, dated and clearly setting out your rationale for such action is your only hope. The timeline will be important and I'd explain why you chose property 1 and what caused you to look at property 2. Then why you chose property 2 etc.

I do think it's a tough one as I can understand having a "backup plan"... but then as others have said, a house purchase isn't like buying a medium and a large from Next and just "returning" the one you don't want. It's a commitment to the vendor/agents and lender (unless the lender declined you, of course). I appreciate you never exchanged, but even running 2 x apps for one property can cause issues. Running 3 x apps for 3 different properties... I can't say I'm surprised. Let us know how you get on!

Old_Lifer

I haven't had a mortgage for over 30 years ,  so forgive me if this is a daft question    but  in the absence of any special deal,  are there not  up-front fees (valuation etc) payable with each application  and solicitor's costs  for work done ?     I can  understand  someone cancelling once  (and  lesson learned)    but  continuing  to apply for  mortgages and  losing more money each time by  cancelling   appears to me to be a bit odd.

dunstonh

Nowadays you can pay most of the fees at the time of the advance.  Not the point of application.  Although you may start incurring some fees that are deferred until advance (e.g. conveyancing fees). 

fewcloudy

Hi ap789
Do you have any update on how you managed to get on with this situation?

Graeme1978uk

fewcloudy said:

Hi ap789
Do you have any update on how you managed to get on with this situation?

They haven’t been online since holes started getting picked in their story - just as someone suggested they wouldn’t be.

Rumbled by lenders and rumbled when they tried to play the naivety card on here.