FTB mortgage declined - what next!?
Discussion
I've been in touch with Sarnie and taking it from there. I've sent him over a download of my credit file and there's no issue, other than it showing I'm not on the electoral role. But all's good apart from that.
I just have to accept I'm a square peg which won't fit in HSBC's hole!
Anyhow, what Sarnie has recommended is near identical in terms of what HSBC were offering, so I'm no longer too bothered.
I just have to accept I'm a square peg which won't fit in HSBC's hole!
Anyhow, what Sarnie has recommended is near identical in terms of what HSBC were offering, so I'm no longer too bothered.
hoppo4.2 said:
Hsbc are the biggest pile of useless walkers ever.
Had banked with them since I was a kid. Went to them and got a mortgage in principle certificate etc. Made an offer went back to them and they refused to honour there commitment.
I could have kicked upmarket big fuss but instead I took my business to the Halifax who gave me what I wanted with no drama
Ha!Had banked with them since I was a kid. Went to them and got a mortgage in principle certificate etc. Made an offer went back to them and they refused to honour there commitment.
I could have kicked upmarket big fuss but instead I took my business to the Halifax who gave me what I wanted with no drama
My late wife had a Halifax mortgage and Halifax homeowner loan secured against the house I now live in; she was rather over-insured and died intestate so I managed to keep the place as her husband (next of kin)
.But it wasn't all beer & skittles - do you want the tale of 21 encounters with "the bank that gives you extra", only 6 of which were positive/successful? They are a cosmic shambles, insular and deranged to the last employee in Bolton & Bury (at least
) 
.Compare this unmitigated nonsense with my dealings with Natwest, who held her current account... It took three contacts - strung out over the time it takes to arrange Grant of Administration, admittedly - and it could not have been more painless or efficient (or positive - they really were great in the first few days in particular
but damned efficient to the end). Damning to read, but they got it right, first time every time 
.If you were not on the electoral role then tried to get a mortgage then you will be screwed for 3 months. You will need to use a broker now as I believe the mark stays with you.
How do I know this, my OH was not on the electoral role when we started our company.
When she applied for a personal bank account during a seperate matter at the same time, she was flagged up... this meant that she could not get a bank account for 3 months due to sticking on her record (this despite her having a student account with the same bank) and just not getting round to applying to electoral role immediately...
It was due to this, that she was flagged in the company setup and was told that I would either have to take her off as a director or not be able to have a business account (again with the same bank, we both have personal accounts with them)...
Such a f
king palaver to get that off her credit record, all for the fact when coming back into the country we did not immediately register her on the electoral role before putting her personal finances right again in the UK.
How do I know this, my OH was not on the electoral role when we started our company.
When she applied for a personal bank account during a seperate matter at the same time, she was flagged up... this meant that she could not get a bank account for 3 months due to sticking on her record (this despite her having a student account with the same bank) and just not getting round to applying to electoral role immediately...
It was due to this, that she was flagged in the company setup and was told that I would either have to take her off as a director or not be able to have a business account (again with the same bank, we both have personal accounts with them)...
Such a f
king palaver to get that off her credit record, all for the fact when coming back into the country we did not immediately register her on the electoral role before putting her personal finances right again in the UK.Robertj21a said:
Just seems odd that people don't ensure that they are on the Electoral Roll. Presumably, they aren't bothered about voting at any time, for anything, and haven't realised that they may be creating problems for themselves in the future (as in this case). Strange.
OH had only been in the country a matter of days and we were sorting out a lot of other things before re-registering her back on the electoral role, moving money to the UK being the major one, since she had had and still held 2 accounts with said bank (UK one for 5 years and one abroad for past 2 years) we had assumed that it would be ok to upgrade one from student to real world.How wrong we were.
Robertj21a said:
Just seems odd that people don't ensure that they are on the Electoral Roll. Presumably, they aren't bothered about voting at any time, for anything, and haven't realised that they may be creating problems for themselves in the future (as in this case). Strange.
Why would anyone think that being on the electoral roll would have anything to do with getting a mortgage?
Anyway, I would always always advice to use a mortgage broker, and make sure it is a good one. It saves a ton of hassle and open up possibilities that you otherwise wouldn't have. And it is free (yes i realize they get paid, but they will even if you don't use them. Different discussion)
fredt said:
Robertj21a said:
Just seems odd that people don't ensure that they are on the Electoral Roll. Presumably, they aren't bothered about voting at any time, for anything, and haven't realised that they may be creating problems for themselves in the future (as in this case). Strange.
Why would anyone think that being on the electoral roll would have anything to do with getting a mortgage?
Anyway, I would always always advice to use a mortgage broker, and make sure it is a good one. It saves a ton of hassle and open up possibilities that you otherwise wouldn't have. And it is free (yes i realize they get paid, but they will even if you don't use them. Different discussion)
You're right - I didn't make any link between the electoral role and a mortgage until I started to do my research and then I applied immediately, I suspect only those that don't do their research won't understand the importance of it, relying on just their decent credit history to be enough.
As said, I'm now using a broker and a decision in principle should be received one way or the other on Tuesday.
thenortherner said:
I'd done my homework a while before getting a mortgage, and so yes, I did realise the importance of being on the electoral role, which I why I applied to be added 6 weeks before I applied for a mortgage. For whatever reason, Cheshire Council seem to take adding people in their stride - verbal confirmation was given last week that I was on there as of the 25th of this month. I now have to wait for this to be reflected in my credit file.
I hope they are better than West Lothian.My registration was completed on 28/02, postal confirmation received, have voted in elections since. Still not reflected on my bloody credit report though!
emicen said:
thenortherner said:
I'd done my homework a while before getting a mortgage, and so yes, I did realise the importance of being on the electoral role, which I why I applied to be added 6 weeks before I applied for a mortgage. For whatever reason, Cheshire Council seem to take adding people in their stride - verbal confirmation was given last week that I was on there as of the 25th of this month. I now have to wait for this to be reflected in my credit file.
I hope they are better than West Lothian.My registration was completed on 28/02, postal confirmation received, have voted in elections since. Still not reflected on my bloody credit report though!
fredt said:
Why would anyone think that being on the electoral roll would have anything to do with getting a mortgage?
Anyway, I would always always advice to use a mortgage broker, and make sure it is a good one. It saves a ton of hassle and open up possibilities that you otherwise wouldn't have. And it is free (yes i realize they get paid, but they will even if you don't use them. Different discussion)
Robertj21a said:
fredt said:
Why would anyone think that being on the electoral roll would have anything to do with getting a mortgage?
Anyway, I would always always advice to use a mortgage broker, and make sure it is a good one. It saves a ton of hassle and open up possibilities that you otherwise wouldn't have. And it is free (yes i realize they get paid, but they will even if you don't use them. Different discussion)
thenortherner said:
I don't know how it can be a make or break in terms of them being sure they're dealing with the right person. They had my passport, driver's licence and birth certificate.
Most credit checks are heavily automated. An entry on the electoral roll is one of the major indicators they look for.Robertj21a said:
thenortherner said:
I don't know how it can be a make or break in terms of them being sure they're dealing with the right person. They had my passport, driver's licence and birth certificate.
Most credit checks are heavily automated. An entry on the electoral roll is one of the major indicators they look for.
thenortherner said:
Robertj21a said:
fredt said:
Why would anyone think that being on the electoral roll would have anything to do with getting a mortgage?
Anyway, I would always always advice to use a mortgage broker, and make sure it is a good one. It saves a ton of hassle and open up possibilities that you otherwise wouldn't have. And it is free (yes i realize they get paid, but they will even if you don't use them. Different discussion)
fredt said:
Why would anyone think that being on the electoral roll would have anything to do with getting a mortgage?
Especially for a mortgage it seems counter-intuitive as it's going to apply to a different address.It can't always be vital - my daughter moved around various rented places and for a while (a couple of years) "lived-in" at the place where her husband worked. Things like her car, driving licence etc remained registered here but she wasn't on the electoral roll. They got a hefty (LTV wise) mortgage late last year from HSBC with no apparent difficulty.
Gassing Station | Homes, Gardens and DIY | Top of Page | What's New | My Stuff