Halifax now refusing to mortgage our property

NiseMya

emmajones1976 said:

Why has the OP chosen to create a new username to continue the discussion? Odd.

That’s my partner. 

NiseMya

MH1927 said:

If its a complaint that the original mortgage is mis-sold shouldn't the complaint be made against the OP's Broker?

Interesting point. It was our broker who told us to raise the complaint and she was the one who told us it’s irresponsible lending.

Seb3013

So I messaged as you lot appear to be missing the point / haven’t got the context. 

If Halifax said they don’t lend on it anymore then that would be fine. Or if they said we don’t lend the the buyer, thats fine.  However, they said they do not lend on the property when the policy hasn’t changed. 

So now you have context, you can maybe give some constructive opinions back, and not stuff about the buyer, as like I said, he was in a much better position as us, and really wanted it and was very pateinet with it all. But it took too long and obvs got worried with the saleability 

canaldumidi

I think we all understood the context. Repeating it is unlikely to change the responses.

I'm not sure why it's so important to you for us to agree though. You've clearly made up your mind that Halifax is at fault.You've raised a complaint. You believe the complaint is justifed.

What advice exactly are you seeking here?

emmajones1976

I dont believe for a minute that the policy on lending to flats hasnt changed in the last 3 years btw, especially with the Grenfell fallout. Who exactly has told you that?

luckbox

Could be that the area has changed and is now majorly btl mortgaged properties rather than residential that wasn’t the case when you bought? That’s a reason to not lend now without any policy change at Halifax

csgohan4

OP you can't force a lender to lend money, especially as they are not dealing with you  as you are not the borrower . 

Criteria as mentioned changes all the time. Look at the cladding rules as a prime example, anything less than a certain fire safety rating, 0 valuation. 

 Look at the MMR pre and post as another example of rule changes. If you are unable to grasp that criteria/policies can change, simply wait for your complaint to bear any fruit. 

Snookie12cat

The bank isn't required to lend to someone even if they meet all the criteria. 

They could have too many in that area, or in that development, maybe the buyer planned to rent it and there are too many in that area that are rented, the list goes on. 

At the end of the day, other lenders will likely lend on it, they just might not be a high street lender. 

Seb3013

canaldumidi said:

I think we all understood the context. Repeating it is unlikely to change the responses.

I'm not sure why it's so important to you for us to agree though. You've clearly made up your mind that Halifax is at fault.You've raised a complaint. You believe the complaint is justifed.

What advice exactly are you seeking here?

No, I don’t want you to agree, I want you to understand the problem and give your opninon based off that.  Like we had the same issue with the complaint. They said that it the fault with the buyer and their credit but it not. 

The problem is ,”  did their  policy back then say they shouldn’t of lent us the money” that the problem right, which is what we should of asked initially.  If that is the case, the don’t we have the grounds to complain. 

Seb3013

This isn’t an I’m right your wrong argument btw. Like we just want you to know the context, and get your opinion on the full story, instead of saying stuff about our buyer, which doesn’t matter in this case. The issues is the policy.