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Name: Daniel

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Poor systems and incompetent underwriters

Very poor experience. Our mortgage broker applied for a mortgage, a decision in principal was given as it passed credit checks and affordability. Happily took £300 then they came back and said I didn't pass affordability (despite no changes). Provided evidence of pay rise (that hadn't been declared as it was yet to come into effect) AND offered to pay off a small loan which would have more than met the requirement (still using savings) but wouldn't accept. No explanation for the logic behind the decision (since everything else was fine with the application), no refund provided for their system allowing application to go ahead anyway. This happened literally days before they pretty much stopped lending above 60% LTV, coincidentally. No onwership of the issue and money taken. Oh and took a month and a half of going backwards and forwards to achieve nothing. Went to Leeds Building Society, happy to accept pay rise, house is now nearly complete just three weeks later. I recommend trying Leeds first, no application fee, they have competent staff with common sense and their affordability checking system works! Reviewed on: 16th January 2021

Reply from Hi Daniel, we are sorry to hear about your disappointing experience and that we could not help you on this occasion. If you would like to discuss your application further please contact us at [email protected] or call us on 01782 255000. Response date: 18th January 2021