Hi,
Hoping for some advice with issues securing an agreement in principle on a first time buyer mortgage.
Some background first. Last year we were approved for 3x FTB mortgages with HSBC. The first two fell through, with the third I was made redundant two weeks before completion (thankfully before exchange!) so HSBC wouldn't honour the mortgage. We are currently renting and in contract to November.
I took the opportunity to start working for myself through a limited company in February of this year, bringing complications with mortgage applications. Halifax are quite contractor friendly so we have just started the process again.
I've just had a call from the IFA saying that Halifax is saying no based on the fact I'm showing as having previous mortgages. In short, for each house that fell though, HSBC set up the actual mortgage account. They are showing as satisfied, £0 balance for the duration and no payments.
We could go down the route of not going down the FTB route, but with that meaning we lose out on the stamp duty refund and an extra .4% interest, that's not really an appealing proposition. Halifax are also the only lender willing to lend to me as a newly self-employed person, so at the moment we don't have the option of looking at other lenders.
I've phoned Experian (who Halifax use), who advised that technically the information is correct so I cannot raise a dispute, I need to ask HSBC to remove the credit records which should take 48hrs.
HSBC mortgage centre are closed for the night so I tried calling my former mortgage advisor at HSBC (he was very good), unfortunately it seems he has moved on.
Has anyone come across a similar experience, or can anyone offer any guidance? All thoughts welcome, we're waiting on a decision on an offer based on being confident based on advice, don't want this to hold us up or derail us.
Hoping for some advice with issues securing an agreement in principle on a first time buyer mortgage.
Some background first. Last year we were approved for 3x FTB mortgages with HSBC. The first two fell through, with the third I was made redundant two weeks before completion (thankfully before exchange!) so HSBC wouldn't honour the mortgage. We are currently renting and in contract to November.
I took the opportunity to start working for myself through a limited company in February of this year, bringing complications with mortgage applications. Halifax are quite contractor friendly so we have just started the process again.
I've just had a call from the IFA saying that Halifax is saying no based on the fact I'm showing as having previous mortgages. In short, for each house that fell though, HSBC set up the actual mortgage account. They are showing as satisfied, £0 balance for the duration and no payments.
We could go down the route of not going down the FTB route, but with that meaning we lose out on the stamp duty refund and an extra .4% interest, that's not really an appealing proposition. Halifax are also the only lender willing to lend to me as a newly self-employed person, so at the moment we don't have the option of looking at other lenders.
I've phoned Experian (who Halifax use), who advised that technically the information is correct so I cannot raise a dispute, I need to ask HSBC to remove the credit records which should take 48hrs.
HSBC mortgage centre are closed for the night so I tried calling my former mortgage advisor at HSBC (he was very good), unfortunately it seems he has moved on.
Has anyone come across a similar experience, or can anyone offer any guidance? All thoughts welcome, we're waiting on a decision on an offer based on being confident based on advice, don't want this to hold us up or derail us.