I completed the pre screening application on the website! You need to fill in you ID and some basic financial details.
After filling in my detail I received a mail that I have passed the pre screening and may continue with the application. A few days later after the weekend I randomly received a phone call from the call centre wanting to know of someone has contacted me yet regarding the application. I responded that I have not been contacted. I was informed that my application was declined. Reason was affordability. I queried that and it was explained that because of being a partner in a business with 14 % shares I am over exposed. I do have some debt and mentioned that I will have money available to clear the debt. The answer was that even if I had to clear my debt I still wont qualify. So me having shares in a company and the fact that we bought property and the company is paying for the property (for witch I signed surety) I can not buy a house! They could have done this in the pre screening process. Why make me fill in all the paperwork if they are going to decline anyway! How do you buy a home if they cant even tell you what you can do or what you could qualify.
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