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Mortgage calculators saying not able lend at this time?!
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40FTB2020
Posts: 12 Forumite
We got AIPs last week from Lloyds and Halifax. I’ve just gone into the calculators on their websites to pay around with sole different figures (so not the AIP bit but the generic calculator where you don’t put in any personal details, just income and deposit amounts etc)
anyway they are coming back saying unable to to lend to you at this time. It wasn’t saying this last week.
anyway they are coming back saying unable to to lend to you at this time. It wasn’t saying this last week.
Just wondering if this means they are withdrawing lending now or not to first time buyers or what? Anyone know anything?
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I’ve gone back into the Lloyds one and played around about and it seems to be because we have 3 kids. I put in our details and 2 kids and it came up with an amount but putting 3 kids and even £1million income results in an ‘unable to lend’ answer!!Unfortunately the kids is the one part of the calculation we can’t change!!0
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I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.1
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@kingstreet
thanks that did return a loan amount with 3 dependents.0 -
Pick your 2 favourites...40FTB2020 said:I’ve gone back into the Lloyds one and played around about and it seems to be because we have 3 kids. I put in our details and 2 kids and it came up with an amount but putting 3 kids and even £1million income results in an ‘unable to lend’ answer!!Unfortunately the kids is the one part of the calculation we can’t change!!
New house and 1 less child, sounds like a win win situation to me.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.5 -
Speaking of this, why the amount to lend is lower than the one shown on the website when putting the same figures?kingstreet said:0
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