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  • FIRST POST
    • kingstreet
    • By kingstreet 26th Feb 14, 11:56 AM
    • 30,930Posts
    • 16,486Thanks
    kingstreet
    The Broker Blues Thread
    • #1
    • 26th Feb 14, 11:56 AM
    The Broker Blues Thread 26th Feb 14 at 11:56 AM
    Today, I've had a HTB - EL enquiry, I've had to turn down. He's got £200k deposit, wants to buy for £395k, but can't understand why he can't borrow £130k on a salary of £21k.

    "Halifax has told me I can borrow £130k."

    The HCA calculator says 6X income and 53% debt to income ratio is a non-starter, before I start on lender affordability.

    Another wants to buy on shared ownership newbuild. IVA ended in 2011 and LTV too much for any lender but one which won't accept the IVA.

    Finally, another shared ownership case, fits only one lender again and without six months employment they won't touch it.

    Anyone else having a "plaiting sawdust" kind of day...?
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
Page 43
    • kingstreet
    • By kingstreet 4th Mar 17, 11:09 AM
    • 30,930 Posts
    • 16,486 Thanks
    kingstreet
    I've never used a packager for one case I wanted to use for another.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
    • kingstreet
    • By kingstreet 13th Mar 17, 4:03 PM
    • 30,930 Posts
    • 16,486 Thanks
    kingstreet
    Skipton actually declined one of our cases the other day.

    So affronted were we by the reasons given we called them and had a very pointed conversation and literally fifteen minutes later it was offered.

    We have kept the emails;-

    14:32 - Application Cancelled
    14:58 - Application Offered.

    I'll email the evidence to ACG for independent verification if you don't believe me!
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
    • ACG
    • By ACG 13th Mar 17, 4:34 PM
    • 14,312 Posts
    • 7,095 Thanks
    ACG
    I think they are allowed a mistake now and again. In the main they are pretty good. Its a surprise they just cancelled it without someone calling you to explain.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • kingstreet
    • By kingstreet 15th Mar 17, 4:27 PM
    • 30,930 Posts
    • 16,486 Thanks
    kingstreet
    Please do not send PMs asking for one-to-one-advice, or representation.
    About as much use as a chocolate fireguard.

    I read threads. I don't want to respond because I can only guess at how long, or will xyz lender do this, or whatever...
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
    • ACG
    • By ACG 15th Mar 17, 4:46 PM
    • 14,312 Posts
    • 7,095 Thanks
    ACG
    About as much use as a chocolate fireguard.

    I read threads. I don't want to respond because I can only guess at how long, or will xyz lender do this, or whatever...
    Originally posted by kingstreet
    A certain welsh lender by any chance?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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