We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Santander mortgage and previous IVA
Options
Randomhero
Posts: 18 Forumite
Hi all,
I'll keep this short:
I have 3 years left on my mortgage with Santander. I wish to port this mortgage to a new home, and take out a new mortgage with my partner. She previously had an IVA which has been cleared and completed (was 7 years ago).
Initially when I spoke to Santander to get a decision in principle, they stated that this wasn't an issue as was off the credit reports. However, when I went to proceed after having an offer accepted on a new place, they said they would decline the mortgage if we applied as they don't accept any IVA's past of present, no matter what the timeline.
To say I'm fuming is an understatement as we were promised it wouldn't affect us.
Would it still be worth applying and just crossing our fingers, or would just be wasting our time as they said its clear cut?
I'll keep this short:
I have 3 years left on my mortgage with Santander. I wish to port this mortgage to a new home, and take out a new mortgage with my partner. She previously had an IVA which has been cleared and completed (was 7 years ago).
Initially when I spoke to Santander to get a decision in principle, they stated that this wasn't an issue as was off the credit reports. However, when I went to proceed after having an offer accepted on a new place, they said they would decline the mortgage if we applied as they don't accept any IVA's past of present, no matter what the timeline.
To say I'm fuming is an understatement as we were promised it wouldn't affect us.
Would it still be worth applying and just crossing our fingers, or would just be wasting our time as they said its clear cut?
0
Comments
-
How would they know of any IVAs that were no longer part of your credit history? Unless of course you told them ... 🤐1
-
Don't you have to? pretty sure its fraud otherwise.0
-
Only if they ask.Randomhero said:Don't you have to? pretty sure its fraud otherwise.0 -
My mortgage is with Santander and I had a previous IVA which had dropped off my records when I applied - give it a go!1
-
Thanks! Did you declare you had one?0
-
You declare if you are asked. It depends if you what exactly you are asked, "have you ever" requires a different response to "are you in", but both need to be truthful.If you've have not made a mistake, you've made nothing1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards