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Advice Needed Shared ownership Urgent!!

Hi,

we need a bit of help

we are trying to get a shared ownership mortgage £60000 40% share 150000

we can get £6000 together and have approached Halifax and abbey

Halifax have said no

Abbey said yes and we are low risk but want 15% deposit as it is a new build we just cant get that together

What we need to know is are there and Shared ownership Leander that use the same search as Abbey?

we don't want to be turned down again
as our time is running out to get this sorted
«13

Comments

  • homer_j_3
    homer_j_3 Posts: 3,266 Forumite
    do u know why halifax turned you down?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • graphicology
    graphicology Posts: 13 Forumite
    no sorry i dont, we went through a broker and couldnt find out!
  • homer_j_3
    homer_j_3 Posts: 3,266 Forumite
    have you looked at your credit file recently? If not order a copy from https://www.experian.co.uk
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • graphicology
    graphicology Posts: 13 Forumite
    Yes a have got it and it all looks fine green all the way no missed payments etc
  • homer_j_3
    homer_j_3 Posts: 3,266 Forumite
    are you on the voters roll?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • pricebeater
    pricebeater Posts: 40 Forumite
    Try Nationwide
  • homer_j_3
    homer_j_3 Posts: 3,266 Forumite
    its important to estblish the reasons why they were turned down, if it was just halifax and their systems then yes nationwide would be an option
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • pricebeater
    pricebeater Posts: 40 Forumite
    I dont think many banks do Shared Ownership Mortgages, so its Abbey, Halifax or Nationwide. If time is running out what is there to lose
  • lauraaurora
    lauraaurora Posts: 321 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    We're with the Leeds and got a 100% Shared Ownership mortgage 2 and half years ago. Worth seeing if they're still doing it. We've been happy with them so far - got a fixed good rate at the time: 4.99%

    HTH
  • graphicology
    graphicology Posts: 13 Forumite
    thanks guys, i will try nationwide this weekend
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