Halifax says NO mortgage if SEISS taken

Thrugelmir

bcopie said:

Thrugelmir said:

bcopie said:

Deleted_User said:

bcopie said:

Deleted_User said:

SEISS and Furlough are 2 different things. In my experience Halifax dont lend to furlough but are fine if you have used SEISS in the past

I'm guessing this has now changed, in my conversation with them they are classing them as the same thing.

Halifax has a clear written policy on furlough.  As long as client is back to work and furlough pay doesn't show on payslips they will take the income as normal. They wont even question how long furlough was for, or anything around the likelihood of being furloughed again. They see the payslip, they take the income. Simples.

Aa far as self employed is concerned they are less clear. However they are widely regarded in the broker industry as rhe easiest lender to deal with as self employed.  In my multiple, multiple applications submitted they dont care about seiss payments taken. They will take income off the sa302 and occasionally ask for bank statements tp confirm business is trading normally.  A lot of cases they haven't even asked for those.

Halifax direct and halifax intermediaries have long had different underwriting pathways. Since increased regulation came in and they shoved most of the longstanding advisors out the door they have more and more limited the scope of what a branch 'advisor' can do.



Re the porting, its your decision to sell so you arent being trapped by the bank. Mortgage prisoners are people who have a good repayment history and want to do a like for like remortgage to a better lender as theirs isn't trading anymore. For whatever reason they dont qualify under normal underwriting so the regulator allows flexibility.  Completely different situation 

I've been on the phone with them for 3 or 4 hours today. Every advisor I speak to has given me different information.

The application was declined when your Ex had the appointment yesterday. What are you hoping to achieve? 

To find out why they were giving conflicting information and to find out who was correct. They continued to do so today. Thought that was fairly obvious.

Expecting front line customer service staff to be that knowledgeable isn't the way to obtain a detailed answer. Not the right people to ask. I assume that you don't believe your Ex. Next time be present then there'll be no confusion. 

Nervouslywaiting

bcopie said:

Nervouslywaiting said:

Friends of ours have just been accepted by Halifax and he has claimed 2 of the SEISS grants.

Have your friends told them that they took them though, I wasn't asked. My Ex was, from a different advisor. That's how we found out. If it is an AIP they have you might want to ask them to check because the underwriters may just knock it back.

Yes they declared it because my partner has also received one so we were discussing the possibility of being declined with them, and they told us they had had no problems (our mortgage is not with Halifax). They could have been lying of course 🤷‍♀️ can't be sure. Definitely not just an AIP, they're very close to completion.

I also have another close friend who has had ALL the grants, mortgage with Halifax and she got her keys a few weeks ago. Don't know if she declared hers though, I never asked. 

bcopie

Deleted_User said:

Using the latest seiss is a different ballgame.   Fairly standard request is for 3months trading statements which you cant provide.  Its the reason i wont submit a case for anyone who took the latest one. 

So its not seiss that's the issue, its the fact you took the latest one.   I doubt you'll have much luck anywhere without 3 months of business statements to be honest 

I've got three months of business statements, though. We trade online as well as having a shop and that increased through Covid. The grants are for people who have had their income reduced. We still had income there.

bcopie

Thrugelmir said:

bcopie said:

Thrugelmir said:

bcopie said:

Deleted_User said:

bcopie said:

Deleted_User said:

SEISS and Furlough are 2 different things. In my experience Halifax dont lend to furlough but are fine if you have used SEISS in the past

I'm guessing this has now changed, in my conversation with them they are classing them as the same thing.

Halifax has a clear written policy on furlough.  As long as client is back to work and furlough pay doesn't show on payslips they will take the income as normal. They wont even question how long furlough was for, or anything around the likelihood of being furloughed again. They see the payslip, they take the income. Simples.

Aa far as self employed is concerned they are less clear. However they are widely regarded in the broker industry as rhe easiest lender to deal with as self employed.  In my multiple, multiple applications submitted they dont care about seiss payments taken. They will take income off the sa302 and occasionally ask for bank statements tp confirm business is trading normally.  A lot of cases they haven't even asked for those.

Halifax direct and halifax intermediaries have long had different underwriting pathways. Since increased regulation came in and they shoved most of the longstanding advisors out the door they have more and more limited the scope of what a branch 'advisor' can do.



Re the porting, its your decision to sell so you arent being trapped by the bank. Mortgage prisoners are people who have a good repayment history and want to do a like for like remortgage to a better lender as theirs isn't trading anymore. For whatever reason they dont qualify under normal underwriting so the regulator allows flexibility.  Completely different situation 

I've been on the phone with them for 3 or 4 hours today. Every advisor I speak to has given me different information.

The application was declined when your Ex had the appointment yesterday. What are you hoping to achieve? 

To find out why they were giving conflicting information and to find out who was correct. They continued to do so today. Thought that was fairly obvious.

Expecting front line customer service staff to be that knowledgeable isn't the way to obtain a detailed answer. Not the right people to ask. I assume that you don't believe your Ex. Next time be present then there'll be no confusion. 

Huh!!! I was present, so it not a case of believing her or not.

And it wasn't front line customer service staff it was mortgage advisors (and yes advisors, not the consultants).