Bank worker, can you advise

[THEVARNSTER]

I have a cifas, for material falsehoods in application. For a mortgage about a year ago.

 

If i went to a bank, and was truthful, will the cifas effect their decision?

[Andy999]

Possibly. With the bank I worked for, anything where there was CIFAS was referred to a special team who made a decission.

[Guest NATTIE]

Yes, I think so have a read of this CIFAS Online - What Is CIFAS?

[THEVARNSTER]

What the situation is this, maybe you can advise??

 

I am starting up a limited company to develop property. Have been doing it for about 3 yrs or so, doing well so far.

Problem is, i was just getting mortgages etc anytime i wanted to buy anything, so after about 10 mortgages it gets messy.

Anyway got rid of most of my property now.

Have a Building site worth almost £200k debt free and about £100k of my own money, ready to put into the limited company.

 

How am i likely to stand with the bank in regard to borrowing, for say a few buy to let long term properties and another building site with a view to start into the building end of things.

 

Just want to be sure as there aren't that many banks don't already know my ways...

[Guest NATTIE]

If you have a CIFAS then it will effect banks that deal with credit reference agencies. Last comment I'm sure you have made with a bit of tongue in cheek, I hope

[THEVARNSTER]

No, quite serious, just wanna know where i stand. Don't wanna try banks til i know what to expect.

[nathal]

I would be quite keen to know this too..

[callumsgran]

I would think the banks will give you a slap on the wrists and rightly so!! This site is about encouraging decent people to get their UNLAWFUL charges back, not help people like you to obtain credit when you obviously have plenty of money of your own!

[dave]

First rule of business: Don't use your own money!

[meagain]

That being the first of the Three Rules of Business. The second being "Don't tell them everything you know."

[nathal]

So whats the third rule?

[THEVARNSTER]

CILITBANGER,

Its not about trying to obtain credit. I am in the business of property where finance being available is very important.

 

Admittably i have not been very good in the past with my finances.

I ran up debts, obtained mortgages i should prob not have got. I am in the process of clearing any final debts, selling of the majority of my property and getting on the straight and narrow the best way i see fit. If you can tell me any better way to do it, then feel free.

But if you aint got any advice to offer, please say nothing at all.

 

And how dare you refer to me as not being a decent person. As someone else posted, 'first rule of business, don't use your own money.' So will you please tell me what i have done, to provoke this reaction out of you?

[Valdez is Coming]

Varnster.....Cillitbanger is right. You are in the wrong place, mate.

 

As l understand it, this great site exists and is managed by dedicated people who want to help people - decent or otherwise (and l'm sure we're not all decent) - reclaim unlawful bank charges, not to provide free advice for 'property developers' with the odd few hundred grand to spare to devise ways in which to obtain further credit.

 

Get yourself a good accountant or get better at what you do, but please stop hijacking this forum as your questions are not relevant!

[THEVARNSTER]

In regard to ''havin a go at this post'', at least i am being honest about my intentions. How many are out there that aren't being honest, letting on to be good decent people.

Its very easy, and would have been easy to have made up a wee sob story and got all the advice i needed, but i decided to be open, and up front about my intentions.

Ever ask yourself why, a lot of the posts are about removing defaults, cca requests for copy of signed agreements and posts in relation to cleanig up a credit file? I would suggest you think about this, as the conclusion i have come to is that its a way for a large majority to obtain further credit.

 

If this forum is for reclaiming bank charges, i hardly see the relevance of a lot of these posts.

 

You can waffle all you want about this forum being here to help decent people.

But when it comes down to it, the majority of people are out for themselves, only here to get one over on a bank that has been screwing them for years.

This is just a great way to get them back.

Anyway, Good Luck you all.

ps, if i do get any money back i will donate, but how many of these 'genuine decent people' ever do.

[Guest NATTIE]

Varnster- the answer to your thread is that banks won't want to touch you if you have a CIFAS against your name. I hope that answers you original question. I think it is better for me not to post further on the thread as it is now not helping others with more important questions on their own threads and you have an answer. Good luck with your claim.

[Rosemary]

Varnster - what a cynical ol' bugger you are!!!! I am one of those people trying to clear up her credit file and it certainly ain't to get more credit.

 

Two or three years ago, by the actions of my ex-husband, my current family were brought to our knees through suddenly having to find an extra £1k a month (that's another story). As a result of that, we couldn't pay everyone each month. Usual story .... bank charges were piled on top .... more debt. Loan to cover overdraft .... more outgoings ..... less money to pay people, and more charges.

 

This impacted on our mortgages (we had one on our home and one on an investment flat). Mortgage companies piled on £50 charges each month. Flat went to receivers - ironically for the same amount of arrears as the bank charges were. They took their slice and we lost £14k out of a £20k investment. Nightmare. This all reflects on our credit file.

 

We're getting there slowly. I've sold my car and bike to work. We have a lodger and finally, I'm hoping for a small pay increase at work when the law degree is finished next year.

 

As a result, the current mortgage we pay is £1050 for a £140k mortgage. My assistant at work (who is financially secure) pays £650 for a £160k mortgage. THAT is why I am trying to clear the defaults off my credit file. Like most people on this website, I am trying to crawl out of a hole which was partly caused by our personal situ but made 1000 x worse by the financial institutions.

 

Perhaps you should wonder why this country is the worst country in the world for personal debt - I reckon there wouldn't be half as many people in this sort of trouble if the banks worked with us more.

 

I WANT TO BE TREATED LIKE A NORMAL HUMAN BEING ......... Sorry Varnster - but you just don't have a clue, do you?

[THEVARNSTER]

Read my post clearly, majority of people.

 

A very large majority people get into debt by excess spending.

I was not referring to anyone in particular, so don't take it personally.

 

And what do you mean when you say i don't have a clue?

[jonni2bad]

Thread closed.

 

I think, now an answer has been given, the chances are that this thread will just become a new place to argue.