Are Mortgage loan appeals ever successful?
My husband and I applied for a mortgage and were approved in principle. The application went to the final stages and the underwriter refused the application. It turns out that approx 4 years ago I had a default for £2000, although the debt is in my name it was actually my ex-partners debt. My husband has never had any adverse credit and is never late paying anything, in-fact he has never even used any of his overdraft, unfortunately I am the main earner in the house and therefore my name has to go on the application. The loan amount for the house is not that much (£70k) in comparison to other mortgages. I have appealed against the decision of the bank, do I really have any hope of getting my mortgage?