Why is this so hard ?

Chris_English

SuseOrm said:

Chris_English said:

GreenCat80 said:

SuseOrm said:

I didn’t get the mortgage because I’m still on probation.  There is literally no question that I will pass probation I’ve been doing the job for 26 years.  

Oh no! Gutted 😞 how long have you got left on probation? 

Why would your employer put you on probation after twenty-six years in the job?

Really ? 

Yes, really. I’ve never heard of such a thing.

SuseOrm

Chris_English said:

SuseOrm said:

Chris_English said:

GreenCat80 said:

SuseOrm said:

I didn’t get the mortgage because I’m still on probation.  There is literally no question that I will pass probation I’ve been doing the job for 26 years.  

Oh no! Gutted 😞 how long have you got left on probation? 

Why would your employer put you on probation after twenty-six years in the job?

Really ? 

Yes, really. I’ve never heard of such a thing.

Same role,  new employer 

Chris_English

SuseOrm said:

Chris_English said:

SuseOrm said:

Chris_English said:

GreenCat80 said:

SuseOrm said:

I didn’t get the mortgage because I’m still on probation.  There is literally no question that I will pass probation I’ve been doing the job for 26 years.  

Oh no! Gutted 😞 how long have you got left on probation? 

Why would your employer put you on probation after twenty-six years in the job?

Really ? 

Yes, really. I’ve never heard of such a thing.

Same role,  new employer 

Understood.

In that case you can’t really say that it’s certain that you’ll pass probation; there are all sorts of reasons that you could be let go, and of course under two years you can be let go for any reason (other than protected characteristics) or for no reason at all. It’s why lenders will often decide to be more cautious in the first couple of years of a new job.

SuseOrm

Chris_English said:

SuseOrm said:

Chris_English said:

SuseOrm said:

Chris_English said:

GreenCat80 said:

SuseOrm said:

I didn’t get the mortgage because I’m still on probation.  There is literally no question that I will pass probation I’ve been doing the job for 26 years.  

Oh no! Gutted 😞 how long have you got left on probation? 

Why would your employer put you on probation after twenty-six years in the job?

Really ? 

Yes, really. I’ve never heard of such a thing.

Same role,  new employer 

Understood.

In that case you can’t really say that it’s certain that you’ll pass probation; there are all sorts of reasons that you could be let go, and of course under two years you can be let go for any reason (other than protected characteristics) or for no reason at all. It’s why lenders will often decide to be more cautious in the first couple of years of a new job.

Whilst your positivity is overwhelming,  given the company has been trying to entice my services for 10 years and offered me a 50% increase on basic salary to do so,  im quietly confident.   

Chris_English

SuseOrm said:

Chris_English said:

SuseOrm said:

Chris_English said:

SuseOrm said:

Chris_English said:

GreenCat80 said:

SuseOrm said:

I didn’t get the mortgage because I’m still on probation.  There is literally no question that I will pass probation I’ve been doing the job for 26 years.  

Oh no! Gutted 😞 how long have you got left on probation? 

Why would your employer put you on probation after twenty-six years in the job?

Really ? 

Yes, really. I’ve never heard of such a thing.

Same role,  new employer 

Understood.

In that case you can’t really say that it’s certain that you’ll pass probation; there are all sorts of reasons that you could be let go, and of course under two years you can be let go for any reason (other than protected characteristics) or for no reason at all. It’s why lenders will often decide to be more cautious in the first couple of years of a new job.

Whilst your positivity is overwhelming,  given the company has been trying to entice my services for 10 years and offered me a 50% increase on basic salary to do so,  im quietly confident.   

Which is fine, but lenders don’t base decisions on ideosyncratic factors such as your confidence, they base it on cold, hard statistics.

You have defaulted, twice, in recent years, and you are on probation in a new job. Presumably you also felt confident that you could manage your commitments each of those two,times, too, but you were wrong, and defaulted. Do you understand that this should be telling you that your own analysis of your creditworthiness is askew?

You need to understand that someone in a new job, with defaults, is not the cast-iron certainty that you feel that you are. This is the system working as it ought, and someone in a new job, on probation, with a history of failing to honour their obligations is not a good person to be lending money to.

SuseOrm

Chris_English said:

SuseOrm said:

Chris_English said:

SuseOrm said:

Chris_English said:

SuseOrm said:

Chris_English said:

GreenCat80 said:

SuseOrm said:

I didn’t get the mortgage because I’m still on probation.  There is literally no question that I will pass probation I’ve been doing the job for 26 years.  

Oh no! Gutted 😞 how long have you got left on probation? 

Why would your employer put you on probation after twenty-six years in the job?

Really ? 

Yes, really. I’ve never heard of such a thing.

Same role,  new employer 

Understood.

In that case you can’t really say that it’s certain that you’ll pass probation; there are all sorts of reasons that you could be let go, and of course under two years you can be let go for any reason (other than protected characteristics) or for no reason at all. It’s why lenders will often decide to be more cautious in the first couple of years of a new job.

Whilst your positivity is overwhelming,  given the company has been trying to entice my services for 10 years and offered me a 50% increase on basic salary to do so,  im quietly confident.   

Which is fine, but lenders don’t base decisions on ideosyncratic factors such as your confidence, they base it on cold, hard statistics.

You have defaulted, twice, in recent years, and you are on probation in a new job. Presumably you also felt confident that you could manage your commitments each of those two,times, too, but you were wrong, and defaulted. Do you understand that this should be telling you that your own analysis of your creditworthiness is askew?

You need to understand that someone in a new job, with defaults, is not the cast-iron certainty that you feel that you are. This is the system working as it ought, and someone in a new job, on probation, with a history of failing to honour their obligations is not a good person to be lending money to.

Putting down a 25% deposit sum-what reduces that risk,  along with mitigating circumstances surrounding the defaults which were 5 years ago, not recent years at all.  

Given people who’ve  gone bankrupt more recently than are tucked up in their own homes im a tad peeved tbh 

GreenCat80

How frustrating @SuseOrm 😔 are you still using the same broker or have you spoken to others to find out if someone else can help? 

SuseOrm

GreenCat80 said:

How frustrating @SuseOrm 😔 are you still using the same broker or have you spoken to others to find out if someone else can help? 

Sticking with the same one,  shes got all the info.  

SuseOrm

SuseOrm said:

GreenCat80 said:

How frustrating @SuseOrm 😔 are you still using the same broker or have you spoken to others to find out if someone else can help? 

Sticking with the same one,  shes got all the info.  

Although now I must admit I am close to a nervous breakdown.  

Today I was asked to sign the 23rd page of a document that says I have understood something and I agree with everything written but I wasn’t provided with a copy of any of what is been written and told that that wouldn’t be available until Monday.  I refused to sign it.  

But in the meantime she’s taken their payment for the mortgage valuation which is non-refundable and she’s also taken her broker fee which is not refundable.  

So she’s made a mistake I’m £1000 down 🤦‍♀️

Thrugelmir

SuseOrm said:

Chris_English said:

SuseOrm said:

Chris_English said:

SuseOrm said:

Chris_English said:

SuseOrm said:

Chris_English said:

GreenCat80 said:

SuseOrm said:

I didn’t get the mortgage because I’m still on probation.  There is literally no question that I will pass probation I’ve been doing the job for 26 years.  

Oh no! Gutted 😞 how long have you got left on probation? 

Why would your employer put you on probation after twenty-six years in the job?

Really ? 

Yes, really. I’ve never heard of such a thing.

Same role,  new employer 

Understood.

In that case you can’t really say that it’s certain that you’ll pass probation; there are all sorts of reasons that you could be let go, and of course under two years you can be let go for any reason (other than protected characteristics) or for no reason at all. It’s why lenders will often decide to be more cautious in the first couple of years of a new job.

Whilst your positivity is overwhelming,  given the company has been trying to entice my services for 10 years and offered me a 50% increase on basic salary to do so,  im quietly confident.   

Which is fine, but lenders don’t base decisions on ideosyncratic factors such as your confidence, they base it on cold, hard statistics.

You have defaulted, twice, in recent years, and you are on probation in a new job. Presumably you also felt confident that you could manage your commitments each of those two,times, too, but you were wrong, and defaulted. Do you understand that this should be telling you that your own analysis of your creditworthiness is askew?

You need to understand that someone in a new job, with defaults, is not the cast-iron certainty that you feel that you are. This is the system working as it ought, and someone in a new job, on probation, with a history of failing to honour their obligations is not a good person to be lending money to.

Putting down a 25% deposit sum-what reduces that risk,  

Margins on mortgage lending is wafer thin. The risk to the lender is the cost of micro managing defaulted accounts. The full cost is never recovered. Easier to selectively pick the best applicants and pass on others. The money available to lend is finite.