Aldermore - Process

CLJ2986

Oh that's not nice, bet you can't wait to get out now then! I might reply to my solicitor tomorrow and just outline our rental notice period, and see what she says. If she thinks we can definitely complete by 14th June I'll go for it, if she's hesitant then I'll hold off and we will have to wait til after then. Offer expires end of July though so that's our deadline! 

ihaveaquestionplease

@CLJ2986 that is amazing news, I'm so happy for you I have been following this thread and your updates have been really useful for me. I wish you all the very best for this exciting next chapter xx

ihaveaquestionplease

My application went in with Aldermore just over a week ago.

My credit situation apparently 'isn't that bad' -  one default on a utilities account back in 2018. Obviously enough to need to use Aldermore so I am grateful there are lenders out there for people not in the best position.

I've said on here I am nervous about my affordability, and here is why..

I earn a good wage - I had a pay increase in January but due to admin errors, some of the pay changes didn't go through until April and were backdated. I have my contract and a letter that states my actual earnings and that it would be backdated to Janaury etc.
- this has made my 3 months payslips look 'wrong' and it look like I don't earn what my contract says I do

I pay school fees every month for my daughter but my ex pays half towards this every month. We are separated but have no court order in place so his money every month can't be taken into account as maintenance - even though I the deposits show on my bank statements every month of exactly half of the amount for school fees.
- because of this, the whole amount of school fees have been taken into account in my affordability as an ongoing payment.

Like many on here I've scoured the Aldermore intermediary website (and still do daily haha) I used the calculator and the results didn't match what I needed - my broker obviously still managed to get the DiP accepted and its now with the underwriters - so this also makes me nervous that he hasn't done something right..

This is so stressful and like you @mandycurl I have literally reading every reply on here, loads of other threads and anything else in the vain hope that something gives me a positive sign haha! Its' driving me craaaaazzzzyyyy.

I will continue to follow all you guys and have everything crossed for you all xx

CLJ2986

ihaveaquestionplease said:

My application went in with Aldermore just over a week ago.

My credit situation apparently 'isn't that bad' -  one default on a utilities account back in 2018. Obviously enough to need to use Aldermore so I am grateful there are lenders out there for people not in the best position.

I've said on here I am nervous about my affordability, and here is why..

I earn a good wage - I had a pay increase in January but due to admin errors, some of the pay changes didn't go through until April and were backdated. I have my contract and a letter that states my actual earnings and that it would be backdated to Janaury etc.
- this has made my 3 months payslips look 'wrong' and it look like I don't earn what my contract says I do

I pay school fees every month for my daughter but my ex pays half towards this every month. We are separated but have no court order in place so his money every month can't be taken into account as maintenance - even though I the deposits show on my bank statements every month of exactly half of the amount for school fees.
- because of this, the whole amount of school fees have been taken into account in my affordability as an ongoing payment.

Like many on here I've scoured the Aldermore intermediary website (and still do daily haha) I used the calculator and the results didn't match what I needed - my broker obviously still managed to get the DiP accepted and its now with the underwriters - so this also makes me nervous that he hasn't done something right..

This is so stressful and like you @mandycurl I have literally reading every reply on here, loads of other threads and anything else in the vain hope that something gives me a positive sign haha! Its' driving me craaaaazzzzyyyy.

I will continue to follow all you guys and have everything crossed for you all xx

Ah I feel your pain. We didn't have affordability issues, but they haven't taken into account our bonus or overtime as far as I'm aware so I was worried just our basics wouldn't be enough. Especially after the first broker couldn't even get a dip on the high street! Is your broker a fee on offer one? 

Reddington85

So another update from me today.

Aldemore got in touch to request additional documents. They randomly asked

'Where did I find out about the house I am intending to purchase?' (erm....zoopla?)

The memo of sale for my current house and my payslip from my new employer (same role but higher pay) which unhelpfully has basic rate tax on it which I've explained in the notes so hopefully they'll see that 

CLJ2986

Reddington85 said:

So another update from me today.

Aldemore got in touch to request additional documents. They randomly asked

'Where did I find out about the house I am intending to purchase?' (erm....zoopla?)

The memo of sale for my current house and my payslip from my new employer (same role but higher pay) which unhelpfully has basic rate tax on it which I've explained in the notes so hopefully they'll see that 

Oh that is a random one! Lol where do people find houses in general 🤣 I had to explain my partners wage slips as they didn't understand all his different items. They also queried our p60s and requested employer reference for me. I will never quite understand why this happens in stages though 

Reddington85

CLJ2986 said:

Reddington85 said:

So another update from me today.

Aldemore got in touch to request additional documents. They randomly asked

'Where did I find out about the house I am intending to purchase?' (erm....zoopla?)

The memo of sale for my current house and my payslip from my new employer (same role but higher pay) which unhelpfully has basic rate tax on it which I've explained in the notes so hopefully they'll see that 

Oh that is a random one! Lol where do people find houses in general 🤣 I had to explain my partners wage slips as they didn't understand all his different items. They also queried our p60s and requested employer reference for me. I will never quite understand why this happens in stages though 

Strange isn't it? Broker firm said it was normal and they get people all the time asking why they need to know this?

I thought it maybe because my partner lived on the same estate as a kid and they were checking we aren't buying a friends house 

ihaveaquestionplease

CLJ2986 said:

ihaveaquestionplease said:

My application went in with Aldermore just over a week ago.

My credit situation apparently 'isn't that bad' -  one default on a utilities account back in 2018. Obviously enough to need to use Aldermore so I am grateful there are lenders out there for people not in the best position.

I've said on here I am nervous about my affordability, and here is why..

I earn a good wage - I had a pay increase in January but due to admin errors, some of the pay changes didn't go through until April and were backdated. I have my contract and a letter that states my actual earnings and that it would be backdated to Janaury etc.
- this has made my 3 months payslips look 'wrong' and it look like I don't earn what my contract says I do

I pay school fees every month for my daughter but my ex pays half towards this every month. We are separated but have no court order in place so his money every month can't be taken into account as maintenance - even though I the deposits show on my bank statements every month of exactly half of the amount for school fees.
- because of this, the whole amount of school fees have been taken into account in my affordability as an ongoing payment.

Like many on here I've scoured the Aldermore intermediary website (and still do daily haha) I used the calculator and the results didn't match what I needed - my broker obviously still managed to get the DiP accepted and its now with the underwriters - so this also makes me nervous that he hasn't done something right..

This is so stressful and like you @mandycurl I have literally reading every reply on here, loads of other threads and anything else in the vain hope that something gives me a positive sign haha! Its' driving me craaaaazzzzyyyy.

I will continue to follow all you guys and have everything crossed for you all xx

Ah I feel your pain. We didn't have affordability issues, but they haven't taken into account our bonus or overtime as far as I'm aware so I was worried just our basics wouldn't be enough. Especially after the first broker couldn't even get a dip on the high street! Is your broker a fee on offer one? 

Yes he is which is one hope I have that he wouldn't have applied if he wasn't confident as he'll get nothing. Am doing my best to trust him and the process haha. x

JMcc123

ihaveaquestionplease said:

My application went in with Aldermore just over a week ago.

My credit situation apparently 'isn't that bad' -  one default on a utilities account back in 2018. Obviously enough to need to use Aldermore so I am grateful there are lenders out there for people not in the best position.

I've said on here I am nervous about my affordability, and here is why..

I earn a good wage - I had a pay increase in January but due to admin errors, some of the pay changes didn't go through until April and were backdated. I have my contract and a letter that states my actual earnings and that it would be backdated to Janaury etc.
- this has made my 3 months payslips look 'wrong' and it look like I don't earn what my contract says I do

I pay school fees every month for my daughter but my ex pays half towards this every month. We are separated but have no court order in place so his money every month can't be taken into account as maintenance - even though I the deposits show on my bank statements every month of exactly half of the amount for school fees.
- because of this, the whole amount of school fees have been taken into account in my affordability as an ongoing payment.

Like many on here I've scoured the Aldermore intermediary website (and still do daily haha) I used the calculator and the results didn't match what I needed - my broker obviously still managed to get the DiP accepted and its now with the underwriters - so this also makes me nervous that he hasn't done something right..

This is so stressful and like you @mandycurl I have literally reading every reply on here, loads of other threads and anything else in the vain hope that something gives me a positive sign haha! Its' driving me craaaaazzzzyyyy.

I will continue to follow all you guys and have everything crossed for you all xx

Hi,

I'm hoping I can put your mind at ase a little bit!

i got a salary increase with effect from 01/04/21 (which happens to be the day I got my offer ), I got a letter confirming it during my application so sent it over the Broker, so my wage slips didn't match the pay I will be on.

I'm also a single parent with £700 p/m nursery fees for my son. I claim Universal Credit for support, but I believe this isn't taken into account, my sons father also provides me with half of the nursery fees, and the same as you, because it is not court ordered, it is not taken into account. The nursery fees alone take almost half my salary. I did explain to my broker that when we move the nursery fees wont be there (he starts school in September, and we're moving close to family who can support before then), so I'm not sure if this was taken into account or not.

I've had to agree to pay off any outstanding debts before completion (was approx £1,400), but apart from that there have been no other additional terms put into place or anything like that. Are you a single applicant?

i wish you the best of luck! Your circumstances sound similar to mine, so there's definitely hope! x

ihaveaquestionplease

JMcc123 said:

ihaveaquestionplease said:

My application went in with Aldermore just over a week ago.

My credit situation apparently 'isn't that bad' -  one default on a utilities account back in 2018. Obviously enough to need to use Aldermore so I am grateful there are lenders out there for people not in the best position.

I've said on here I am nervous about my affordability, and here is why..

I earn a good wage - I had a pay increase in January but due to admin errors, some of the pay changes didn't go through until April and were backdated. I have my contract and a letter that states my actual earnings and that it would be backdated to Janaury etc.
- this has made my 3 months payslips look 'wrong' and it look like I don't earn what my contract says I do

I pay school fees every month for my daughter but my ex pays half towards this every month. We are separated but have no court order in place so his money every month can't be taken into account as maintenance - even though I the deposits show on my bank statements every month of exactly half of the amount for school fees.
- because of this, the whole amount of school fees have been taken into account in my affordability as an ongoing payment.

Like many on here I've scoured the Aldermore intermediary website (and still do daily haha) I used the calculator and the results didn't match what I needed - my broker obviously still managed to get the DiP accepted and its now with the underwriters - so this also makes me nervous that he hasn't done something right..

This is so stressful and like you @mandycurl I have literally reading every reply on here, loads of other threads and anything else in the vain hope that something gives me a positive sign haha! Its' driving me craaaaazzzzyyyy.

I will continue to follow all you guys and have everything crossed for you all xx

Hi,

I'm hoping I can put your mind at ase a little bit!

i got a salary increase with effect from 01/04/21 (which happens to be the day I got my offer ), I got a letter confirming it during my application so sent it over the Broker, so my wage slips didn't match the pay I will be on.

I'm also a single parent with £700 p/m nursery fees for my son. I claim Universal Credit for support, but I believe this isn't taken into account, my sons father also provides me with half of the nursery fees, and the same as you, because it is not court ordered, it is not taken into account. The nursery fees alone take almost half my salary. I did explain to my broker that when we move the nursery fees wont be there (he starts school in September, and we're moving close to family who can support before then), so I'm not sure if this was taken into account or not.

I've had to agree to pay off any outstanding debts before completion (was approx £1,400), but apart from that there have been no other additional terms put into place or anything like that. Are you a single applicant?

i wish you the best of luck! Your circumstances sound similar to mine, so there's definitely hope! x

Thanks so much for this, it certainly does give me some comfort It's so frustrating knowing that everything does add up fine and I have more than enough to cover what I need - but because the timing of my payslips and no court order etc makes it looked all jumbled. I just hope they take the time to work through it and that my broker has the chance to pass on all of my comments and notes before they just say no..! x

I clocked today that two hard searches from Aldermore are showing on my Experian report (well 6 searches in total but only 2 hard)
All 6 on the day my full application was submitted - so looks like an error but I need to check how I get them to remove one. Not a great help to my credit file!