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  • FIRST POST
    • nicos42
    • By nicos42 14th Oct 16, 7:26 PM
    • 5Posts
    • 2Thanks
    nicos42
    Mortgage advisors
    • #1
    • 14th Oct 16, 7:26 PM
    Mortgage advisors 14th Oct 16 at 7:26 PM
    Hi have anyone use this company w.onlinemortgageadvisor.co.uk

    Is it standard for a Mortgage advisor to ask to see my credit files? I m worried about fraud as they will be able to see all my accounts? I m a first time buyer and difficult case as I m a discharged banckrupt (7 years since discharge) and I need a specialist broker who doesn't charge a fortune if anyone can recommend me someone I ll greatly appreciate it.

    Many thanks
Page 1
    • kingstreet
    • By kingstreet 14th Oct 16, 7:28 PM
    • 30,019 Posts
    • 15,961 Thanks
    kingstreet
    • #2
    • 14th Oct 16, 7:28 PM
    • #2
    • 14th Oct 16, 7:28 PM
    You're an ex-bankrupt and are concerned about a broker asking to see your credit files?

    These days it's standard for anyone/everyone, never mind someone in your position.

    Use a broker recommended by friends/relatives if nervous.
    Last edited by kingstreet; 14-10-2016 at 7:32 PM.
    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 14th Oct 16, 7:44 PM
    • 13,492 Posts
    • 6,635 Thanks
    ACG
    • #3
    • 14th Oct 16, 7:44 PM
    • #3
    • 14th Oct 16, 7:44 PM
    I ask to see credit reports for every client now.
    That site is not a Mortgage broker as far as I am aware, they pass your details over to one of the brokers they work with.
    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.
    • DarkAngelEyes
    • By DarkAngelEyes 14th Oct 16, 10:00 PM
    • 7 Posts
    • 0 Thanks
    DarkAngelEyes
    • #4
    • 14th Oct 16, 10:00 PM
    • #4
    • 14th Oct 16, 10:00 PM
    I own a flat in building and was successful in getting an mortgage offer and the conveyncing team wrote to another co-director to verify that there are no major work in the near future due. But, a spat between the co-director and me led him to claim that the building is in a mess and estimated a massive estimated bill as act of spite designed to scare away the lender.

    But I had the lender's surveyor inspected the property and passed it for lending. He also refuses to confirm the rest of the lender’s enquiries and my offer’s expiry date looming what should I do? If I take legal action it will not be resolved soon. Can you help? Can the broker speak to the lender and explain that the neighbour’s action is causing me stress. What would you advice?????
    • csgohan4
    • By csgohan4 15th Oct 16, 8:00 AM
    • 2,560 Posts
    • 1,582 Thanks
    csgohan4
    • #5
    • 15th Oct 16, 8:00 AM
    • #5
    • 15th Oct 16, 8:00 AM
    I own a flat in building and was successful in getting an mortgage offer and the conveyncing team wrote to another co-director to verify that there are no major work in the near future due. But, a spat between the co-director and me led him to claim that the building is in a mess and estimated a massive estimated bill as act of spite designed to scare away the lender.

    But I had the lender's surveyor inspected the property and passed it for lending. He also refuses to confirm the rest of the lender’s enquiries and my offer’s expiry date looming what should I do? If I take legal action it will not be resolved soon. Can you help? Can the broker speak to the lender and explain that the neighbour’s action is causing me stress. What would you advice?????
    Originally posted by DarkAngelEyes


    Please create your own thread
    • nicos42
    • By nicos42 15th Oct 16, 9:01 AM
    • 5 Posts
    • 2 Thanks
    nicos42
    • #6
    • 15th Oct 16, 9:01 AM
    • #6
    • 15th Oct 16, 9:01 AM
    Kingstreet people go banckrupt for different reasons and not nice to reply like that but thank you for all your advice! I was more concerned with sending documents to a dodgy site that was the question if the site is genuine. And I thought someone can recommend a mortgage broker.
    Answers like this kind of put me off asking anymore on here.
    Thanks anyway
    • kingstreet
    • By kingstreet 15th Oct 16, 9:48 AM
    • 30,019 Posts
    • 15,961 Thanks
    kingstreet
    • #7
    • 15th Oct 16, 9:48 AM
    • #7
    • 15th Oct 16, 9:48 AM
    Kingstreet people go banckrupt for different reasons and not nice to reply like that but thank you for all your advice! I was more concerned with sending documents to a dodgy site that was the question if the site is genuine. And I thought someone can recommend a mortgage broker.
    Answers like this kind of put me off asking anymore on here.
    Thanks anyway
    Originally posted by nicos42
    You seem to have got the wrong end of the stick, but that's the internet for you. I re-read it three times before I posted it as I always do and couldn't see anything wrong with it.

    If I'd been trying to be judgmental, the above isn't how I would have gone about it...

    I was trying to highlight that brokers ask for credit files from practically everyone these days and for an ex-bankrupt or anyone with any adverse, it's absolutely essential to have all the necessary information. You just can't do the job without them.

    These days it's standard for anyone/everyone, never mind someone in your position.

    You're an ex-bankrupt and are concerned about a broker asking to see your credit files?

    Use a broker recommended by friends/relatives if nervous.
    Perhaps the word order was the wrong way round.

    Anyway, I'll ensure I avoid your threads in future so as to remove any risk of misunderstanding.

    Ah well. What can you do, eh...? Thirty years experience given freely at all hours of the day and night. Bound to get it wrong occasionally.
    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.
    • csgohan4
    • By csgohan4 15th Oct 16, 1:41 PM
    • 2,560 Posts
    • 1,582 Thanks
    csgohan4
    • #8
    • 15th Oct 16, 1:41 PM
    • #8
    • 15th Oct 16, 1:41 PM
    Kingstreet people go banckrupt for different reasons and not nice to reply like that but thank you for all your advice! I was more concerned with sending documents to a dodgy site that was the question if the site is genuine. And I thought someone can recommend a mortgage broker.
    Answers like this kind of put me off asking anymore on here.
    Thanks anyway
    Originally posted by nicos42


    If you think a site is dodgy then don't use them.


    A broker without your credit files is like seeing a doctor without their stethoscope/ Tools, they can try and advise but not the most comprehensive and tailored advice to you


    We are not allowed to recommend specific brokers, it's the forum rules which we all have to abide by.


    Try unbiased.co.uk as the standard reply.
    • zagubov
    • By zagubov 15th Oct 16, 5:52 PM
    • 13,398 Posts
    • 118,183 Thanks
    zagubov
    • #9
    • 15th Oct 16, 5:52 PM
    • #9
    • 15th Oct 16, 5:52 PM
    I own a flat in building and was successful in getting an mortgage offer and the conveyncing team wrote to another co-director to verify that there are no major work in the near future due. But, a spat between the co-director and me led him to claim that the building is in a mess and estimated a massive estimated bill as act of spite designed to scare away the lender.

    But I had the lender's surveyor inspected the property and passed it for lending. He also refuses to confirm the rest of the lender’s enquiries and my offer’s expiry date looming what should I do? If I take legal action it will not be resolved soon. Can you help? Can the broker speak to the lender and explain that the neighbour’s action is causing me stress. What would you advice?????
    Originally posted by DarkAngelEyes
    As I replied to another of your posts elsewhere, I'm afraid you've posted in the wrong place; you need to start a new thread where people can see your problem and suggest solutions.

    You might be better putting it in the House Buying, Renting & Selling sub-forum.
    http://forums.moneysavingexpert.com/forumdisplay.php?f=16
    At the top right hand side there'll be a drop-down menu titled Forum Tools that'll let you start a new thread. Good luck!
    There is no honour to be had in not knowing a thing that can be known - Danny Baker
    • muhandis
    • By muhandis 15th Oct 16, 5:52 PM
    • 220 Posts
    • 82 Thanks
    muhandis
    FWIW, I felt the same.

    This is a common problem on these threads, but the mortgage advisors here are genuinely helpful and stick to the question/s asked while refraining from 'spicing up' their comments with unnecessary/irrelevant comments.

    Answers like this kind of put me off asking anymore on here.
    Originally posted by nicos42
    • kingstreet
    • By kingstreet 16th Oct 16, 7:55 AM
    • 30,019 Posts
    • 15,961 Thanks
    kingstreet
    I think a few days away from posting on here will do me good.

    I'm putting in 50 - 60 hours a week on paying work and it seems to be affecting my ability to express myself coherently on here.
    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.
    • csgohan4
    • By csgohan4 16th Oct 16, 8:00 AM
    • 2,560 Posts
    • 1,582 Thanks
    csgohan4
    I think a few days away from posting on here will do me good.

    I'm putting in 50 - 60 hours a week on paying work and it seems to be affecting my ability to express myself coherently on here.
    Originally posted by kingstreet


    Or just add OP's to the list of ignore. Some people don't appreciate the time and info you give out free of charge.


    I have found your knowledge to be very useful over the year I have been on here.
    • ap1985
    • By ap1985 17th Oct 16, 9:44 AM
    • 260 Posts
    • 102 Thanks
    ap1985
    I used them previously when making a query about mortgages and they appointed me to an advisor who asked for my credit report. Unfortunately i didn't go ahead with them in the end but it seems to be standard procedure for a broker to want to view your credit file.
    Finally going to be a homeowner
    • Scottycameron1
    • By Scottycameron1 17th Oct 16, 10:05 AM
    • 12 Posts
    • 2 Thanks
    Scottycameron1
    I think the problem with this site is there are people who are genuinely worried / looking for re assurance and when all the replies to there post say contact a broker / see a broker they get disheartened with the website and forum.
    • ACG
    • By ACG 17th Oct 16, 10:12 AM
    • 13,492 Posts
    • 6,635 Thanks
    ACG
    I think the problem with this site is there are people who are genuinely worried / looking for re assurance and when all the replies to there post say contact a broker / see a broker they get disheartened with the website and forum.
    Originally posted by Scottycameron1
    Its usually because the people who are worried are the people who need a broker to give them every possibility of getting the mortgage.

    It does not mean it can not be done or that they will be paying the bank of timbuktu 15% interest. It just means there are lenders who will not lend to them, so rather than risk doing more harm than good get professional help....the same way I do when I want a carpet fitting or my car fixing.
    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.
    • nicos42
    • By nicos42 26th Oct 16, 10:36 PM
    • 5 Posts
    • 2 Thanks
    nicos42
    Hi so to update anyone the advise I got from that online broker was very biased and poor and the fee dependant on me taking life or income protection. They lost interest on looking for a mortgage the moment I told them I have a congenital heart condition even if is not life threatening. I found another broker she is great!
    I do agree that a broker is needed. As another poster said. For everyone. Because they do search whole market and can help a lot. But if they don't recite your consumer rights before even asking for credit reports and if they not clear about their fees and offer discounts for taking our life insurance with them than I think I don't want to deal with brokers like that!
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