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HI All,
First post - came across this forum when doing some research..
My BTL remortgage application for my house that is rented out has been declined - it went through a credit check and ended up at the head office..and then declined 2 days later
All I was told is this is due to “conflicting information provided in the past” (i have never used this lender before) or one that is part of the same banking group)
I had recently moved out of London (main residential) (6 months back into a rental) and moved again into a house I bought near 3 months back.
Have had 4 lenders do credit checks as I was looking for the best deal for the onward purchase, 2 searches were for a BTL remortgage as i needed to raise money for the deposit. I also own some BTL properties.
The previous lender tried this BTL Mortgage with 3 months back declined it 2 months in – stating they do not do LET to BUY mortgages – even though I was not doing a let to buy, nor was I living in the property – My broker had an agreement with the lender which turned out was not true!
My credit file is good…
Only other thing I am thinking the cause maybe the NHunter system?
Will be sending the SAR request tomorrow – anyone know what type of info they will send back? And how long this can take?
Anyone got any other suggestions? am i am getting desperate - and may end up selling the house to pay back debts
First post - came across this forum when doing some research..
My BTL remortgage application for my house that is rented out has been declined - it went through a credit check and ended up at the head office..and then declined 2 days later
All I was told is this is due to “conflicting information provided in the past” (i have never used this lender before) or one that is part of the same banking group)
I had recently moved out of London (main residential) (6 months back into a rental) and moved again into a house I bought near 3 months back.
Have had 4 lenders do credit checks as I was looking for the best deal for the onward purchase, 2 searches were for a BTL remortgage as i needed to raise money for the deposit. I also own some BTL properties.
The previous lender tried this BTL Mortgage with 3 months back declined it 2 months in – stating they do not do LET to BUY mortgages – even though I was not doing a let to buy, nor was I living in the property – My broker had an agreement with the lender which turned out was not true!
My credit file is good…
Only other thing I am thinking the cause maybe the NHunter system?
Will be sending the SAR request tomorrow – anyone know what type of info they will send back? And how long this can take?
Anyone got any other suggestions? am i am getting desperate - and may end up selling the house to pay back debts
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