Two weeks ago I browsed the forums here and found that the only contractor friendly high street bank is Halifax. I used their online tool and got an agreement in principle for a mortgage with a 10% deposit. I then scheduled an appointment with a credit consultant in one of their branches. The branch was very busy and he could only see me today.
Today I gave the consultant the same details I used previously online and Halifax system came with an agreement in principle with minimum 15% deposit. This is my first mortgage application and I made a lot of mistakes. I didn't mention to the consultant I already had an agreement. In the last two weeks I changed my home broadband and my business mobile to BT, who did two credit checks. I guess the 3 credit checks in the last 2 weeks are the reason for the 15% deposit.
My problem is I found a house I really like for sale. The owner is moving to Australia and he'll accept the best offer he gets by 18th of August. Once I get paid in early August I'll have enough to make the 10% deposit and pay £4000 in different fees. There's no way I'll have 15% in time.
Do you think 5 weeks will be enough for the credit check to "cool down" and revert to 10%?