Hi, recently applied for an AIP from Halifax and was declined on the new help to buy scheme. After changing broker and explaining things he asked the underwriters to look at it manually, they stated that:
Even though I have had 20% offered from hca that they still class the mortgage as 95%
The property is 500k
25k in from me
100k in from Hca/government
375k mortgage needed.
My income has been verified enough to cover this and my report is clean (3 years address history etc and settled loans, hp, credit cards etc...I returned back to uk jan 2010 after working abroad)
Halifax are still deeming this to be high risk so at a loss until other lenders sign up to the programme.
Any advise on the next step would be much appreciated.
Even though I have had 20% offered from hca that they still class the mortgage as 95%
The property is 500k
25k in from me
100k in from Hca/government
375k mortgage needed.
My income has been verified enough to cover this and my report is clean (3 years address history etc and settled loans, hp, credit cards etc...I returned back to uk jan 2010 after working abroad)
Halifax are still deeming this to be high risk so at a loss until other lenders sign up to the programme.
Any advise on the next step would be much appreciated.
