hoping someone can advise.
To cut a long story short, my partner is in the process of buying a house. I am not on the application because I had a £45 default on a mobile bill last year. Despite him having an 'excellent' credit rating the financial association (shared utility bill) meant that he was declined by 3 seperate lendors when applying. He applied for both new buy 5% deposits and 10% deposit schemes with Halifax.
The Halifax then said that they would be willing to lend, but only with a 15% deposit. Through borrowing the extra money we got to 15%. After we had recieved the offer in principle we paid for the valuation survey.
Our broker called on Monday to say the survey had been done and approved and we would recieve the full offer shortly. However on Tuesday Halifax came back and said they don't currently have a 15% arrangement with our developer??
I don't understand as they have a new buy relationshop with them and were willing to do 5% up until he failed credit check because of my record?
To cut a long story short, my partner is in the process of buying a house. I am not on the application because I had a £45 default on a mobile bill last year. Despite him having an 'excellent' credit rating the financial association (shared utility bill) meant that he was declined by 3 seperate lendors when applying. He applied for both new buy 5% deposits and 10% deposit schemes with Halifax.
The Halifax then said that they would be willing to lend, but only with a 15% deposit. Through borrowing the extra money we got to 15%. After we had recieved the offer in principle we paid for the valuation survey.
Our broker called on Monday to say the survey had been done and approved and we would recieve the full offer shortly. However on Tuesday Halifax came back and said they don't currently have a 15% arrangement with our developer??
I don't understand as they have a new buy relationshop with them and were willing to do 5% up until he failed credit check because of my record?