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Is it worth appealing mortgage decission?
doelani
Posts: 2,576 Forumite
We were due to complete on remortgage in a few days, all paperwork done and solicitor applied for money. A few days ago mortgage company pulled mortgage on us as they said wrong product had been offered as we are in IVA. We were borrowing extra funds to do full and final on IVA.
Yesterday we were told ( by broker ) that the mortage company could offer us a different product but we had to pay the survey fee which was free on first product. We paid and have today been told that second product has now been declined. :mad:
This is due to the mortgage company saying we entered into IVA in april 08 when we acually entered it in May 05. The April 08 date they have given is acually the date of the Full and Final was agreed not the acual IVA itself.
They have said we can appeal if we can send proof of the correct date , but if they have decided not to lend us the money is it worth appealing it. Do mortgage companies ever overturn a Decline decission ?
We have over £120k equity in property and LTV was less than 50%.
Yesterday we were told ( by broker ) that the mortage company could offer us a different product but we had to pay the survey fee which was free on first product. We paid and have today been told that second product has now been declined. :mad:
This is due to the mortgage company saying we entered into IVA in april 08 when we acually entered it in May 05. The April 08 date they have given is acually the date of the Full and Final was agreed not the acual IVA itself.
They have said we can appeal if we can send proof of the correct date , but if they have decided not to lend us the money is it worth appealing it. Do mortgage companies ever overturn a Decline decission ?
We have over £120k equity in property and LTV was less than 50%.
TOTAL 44 weeks lose. 6st 9.5lb :T
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