Can our lender let us down like this?

Posted on 5 December 2012 by Kirsteen

I was granted a mortgage by a company, they told us through the broker the mortgage was on the table and that it would be ok to an offer on a house. We had sold our own property and had to move in with friends. Now they've called us to say because we moved house the credit score went down and they could only offer us less and had to re-apply. I find this riduculous, is this normal practice for lenders?


I'd like to say that this isn't normal practice for lenders, but we do hear increasingly of such occurances, where common sense disappears, and you end up with the kind of situation that you find yourself in.

Fortunately, as John Charcol is an Independent, Whole of Market broker, we have access to those lenders who can still apply a little "common sense" to a case such as yours.

If you'd like to discuss your enquiry in more detail, then please let me know and I'll arrange for you to talk to one of our consultants.



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