I decided I wanted to buy a little apartment to leave my kids. I have banked with a big Spanish based organisation for 15 years (not sure if I am allowed to mention names). I found a nice place, and made the offer to the estate agency, subject to mortgage approval. I made an appointment with the bank for the mortgage. The property was 85k and I had the 15% deposit. I arrived with my pay slips and they had access to all my bank transactions. I never thought there would be a problem. I am an IT contractor. I get paid as if I am an employee through an umbrella company, and my pay is very high in comparison to most folks. In the last year I have done contract work at two financial institutions - and these institutions conducted credit checks as stipulated by anti-fraud policies. I passed both checks so assumed my credit rating was fine. I have no debts. I have a credit card that I always pay off each month. I live in a caravan so this is unusual I agree, but it is a way of living that I enjoy. Anyway the mortgage was declined by the rating agency on Saturday. I gave up on the flat purchase. I told the real estate agency. They want me to meet with their mortgage expert tomorrow afternoon. The only reason for the decline I can think of is a gas bill I was chased for after moving - and which I paid about a year ago. My question is this: would this meeting be a waste of time? Should I just wait some more years and save and pay cash, or can the estate agency mortgage expert do some effective work for me here?
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