Does anyone know how mortgage lenders score when considering someone for a mortgage?! I have a 15% deposit, salary to pay mortgage £100k mortgage (maximum) comfortably and my credit history has been verified as completely clear by financial advisor. Financial advisor tried to get a Decision in Principle yesterday by very well known building society but I was declined & no reason given. I have saved and looked for property for over a year now & this is a kick in the teeth. They have it in their system that based on my salary etc i could apply for 85% LTV mortgage however the decision in principle was declined. Can anybody shed any light on what may be the cause??
I had a default on my credit file (NOT MY FAULT!!) and after months of fighting with another well known financial institution did they admit fault and have the negative credit removed from my file. Seriously, we are all at the mercy of these institutions!!!!!! :mad:
I had a default on my credit file (NOT MY FAULT!!) and after months of fighting with another well known financial institution did they admit fault and have the negative credit removed from my file. Seriously, we are all at the mercy of these institutions!!!!!! :mad: