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  • FIRST POST
    • alphabravocharli
    • By alphabravocharli 15th May 19, 6:36 PM
    • 60Posts
    • 28Thanks
    alphabravocharli
    Halifax Mortgage Query
    • #1
    • 15th May 19, 6:36 PM
    Halifax Mortgage Query 15th May 19 at 6:36 PM
    Hi All,
    I was wondering if anyone has some experience with the same scenario, i am facing. Almost 1 year ago Lloyd closed my current account by giving me 65 days notice. Please bear in mind my account never froze. Lloyd only close the account after 65 days. They mention in the closure letter that if i open account in Lloyds, Halifax or BOS in future they reserve the right to close it.

    Now i was looking for mortgage through a broker and i had told him that in past Lloyd closed my account so they might not give me a mortgage but he still went ahead and successfully got AIP from halifax. Now the dilemma is if i go with full application, is it possible halifax will reject the mortgage solely due to Lloyds account being closed?
Page 1
    • boo_star
    • By boo_star 15th May 19, 7:11 PM
    • 1,890 Posts
    • 1,246 Thanks
    boo_star
    • #2
    • 15th May 19, 7:11 PM
    • #2
    • 15th May 19, 7:11 PM
    Hi All,
    I was wondering if anyone has some experience with the same scenario, i am facing. Almost 1 year ago Lloyd closed my current account by giving me 65 days notice. Please bear in mind my account never froze. Lloyd only close the account after 65 days. They mention in the closure letter that if i open account in Lloyds, Halifax or BOS in future they reserve the right to close it.

    Now i was looking for mortgage through a broker and i had told him that in past Lloyd closed my account so they might not give me a mortgage but he still went ahead and successfully got AIP from halifax. Now the dilemma is if i go with full application, is it possible halifax will reject the mortgage solely due to Lloyds account being closed?
    Originally posted by alphabravocharli
    It's possible, yes.
    • alphabravocharli
    • By alphabravocharli 15th May 19, 7:42 PM
    • 60 Posts
    • 28 Thanks
    alphabravocharli
    • #3
    • 15th May 19, 7:42 PM
    • #3
    • 15th May 19, 7:42 PM
    hmm disappointing. Is there any way i can confirm from halifax before making full application. also if full application is rejected how much it will have impact with other lenders.

    It's possible, yes.
    Originally posted by boo_star
    • LRmortgage
    • By LRmortgage 15th May 19, 7:44 PM
    • 230 Posts
    • 87 Thanks
    LRmortgage
    • #4
    • 15th May 19, 7:44 PM
    • #4
    • 15th May 19, 7:44 PM
    Why not just use another lender, one that isn’t Halifax or part of the Lloyds banking group.
    There are many other lenders out there...
    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.
    • amnblog
    • By amnblog 15th May 19, 7:47 PM
    • 11,065 Posts
    • 4,413 Thanks
    amnblog
    • #5
    • 15th May 19, 7:47 PM
    • #5
    • 15th May 19, 7:47 PM
    A Lender does not close an account unless you are causing them complications. Why would Halifax welcome you back for new business so soon afterwards.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
    • alphabravocharli
    • By alphabravocharli 15th May 19, 7:52 PM
    • 60 Posts
    • 28 Thanks
    alphabravocharli
    • #6
    • 15th May 19, 7:52 PM
    • #6
    • 15th May 19, 7:52 PM
    It is because of 2 reasons. First i am on Tier 2 Dependent Visa secondly i am self employed. So my lender choice are limited.

    Why not just use another lender, one that isnít Halifax or part of the Lloyds banking group.
    There are many other lenders out there...
    Originally posted by LRmortgage
    • alphabravocharli
    • By alphabravocharli 15th May 19, 7:53 PM
    • 60 Posts
    • 28 Thanks
    alphabravocharli
    • #7
    • 15th May 19, 7:53 PM
    • #7
    • 15th May 19, 7:53 PM
    Well mortgage and current account are 2 different things. So i thought they might be ok to give mortgage.
    Regardinf why account was closed it might be because i had to do international transfers and they might not be comfortable with it.


    A Lender does not close an account unless you are causing them complications. Why would Halifax welcome you back for new business so soon afterwards.
    Originally posted by amnblog
    Last edited by alphabravocharli; 15-05-2019 at 7:56 PM.
    • boo_star
    • By boo_star 15th May 19, 8:34 PM
    • 1,890 Posts
    • 1,246 Thanks
    boo_star
    • #8
    • 15th May 19, 8:34 PM
    • #8
    • 15th May 19, 8:34 PM
    Well mortgage and current account are 2 different things. So i thought they might be ok to give mortgage.
    Regardinf why account was closed it might be because i had to do international transfers and they might not be comfortable with it.
    Originally posted by alphabravocharli
    My gut instinct would be to look elsewhere. If there is nowhere else that will lend then you may as well cross your fingers and carry on as you have nothing to lose.
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