Halifax lending criteria

cee_101

Hi all,
Does anyone know if Halifax have changed their lending criteria in relation to credit score in the last  six months?

I applied for a mortgage in principle in December 2020. It was accepted, went to renew it last week and it now says I don’t fit the criteria with the credit score.

I do have a 3 year old settled default registered July 2018.

K_S

@cee_101 Credit-scoring done by lenders is a bit of the dark-arts and they do tweak it periodically depending on their risk appetite and wider lending environment.

kingstreet

The trick with Halifax is to try different LTV levels to see if/where you pass.
For example, if you want a 90% mortgage, try 89.9%, 84.9% and so on. Brokers can also reverse the applicants so app one becomes app two and vice versa and that sometimes makes a difference if one applicant is "stronger" than the other.