From: "Arfie" 
Newsgroups: uk.finance
Subject: Re: Mortgage rates and inflation
Date: Sat, 26 Jul 2003 13:47:18 +0100



john boyle wrote:
> In message , Arfie
>  writes
>> The point about credit scoring is not relevant as this process
>> applies to all borrowers through Halifax and as far as I can see
>> there is no restriction on which products can and can't be self
>> certed either (although I do tend to let the computer filter out
>> irrelevant schemes).
>
> In my direct personal experience they DO restrict the schemes. I have
> handled a case in which they said 'they cant have that amount on
> product A123, but can have it B456'. (And it wasnt becuase one scheme
> offered a different max LTV.)

Is this not where they offer higher income multiples on certains schemes
like the fixed rates?

I had one identicle to that, the guy could self cert, but the amount he
declared wasn't enough for a tracker and he could only have the 5 year fixed
rate with the 4.83x income multiple.

This is nothing to do with self cert, just not enough declared income for
that scheme, had his declared income level been higher, Halifax head office
confirmed that he could have had any scheme they offer on a self cert basis.

Arfie