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  • FIRST POST
    • wantahouse
    • By wantahouse 17th Oct 16, 8:16 PM
    • 41Posts
    • 2Thanks
    wantahouse
    London and country aip
    • #1
    • 17th Oct 16, 8:16 PM
    London and country aip 17th Oct 16 at 8:16 PM
    Spoke to London and country this morning to find out what they're thoughts were on my husband and I obtaining a mortgage - They have given us an agreement in principle for the £134000 that we need, and have said that we could go to a max of £136000, but any more would impact our affordability.

    can we take this as written??? - I'm worried that we will get hopes up and have it taken away.
Page 1
    • wantahouse
    • By wantahouse 17th Oct 16, 8:18 PM
    • 41 Posts
    • 2 Thanks
    wantahouse
    • #2
    • 17th Oct 16, 8:18 PM
    • #2
    • 17th Oct 16, 8:18 PM
    They also said that we would be looking at a interest rate of between 2.37-2.99% which I really didn't think that we would be able to get
    • SavingSteve
    • By SavingSteve 17th Oct 16, 10:16 PM
    • 476 Posts
    • 205 Thanks
    SavingSteve
    • #3
    • 17th Oct 16, 10:16 PM
    • #3
    • 17th Oct 16, 10:16 PM
    L&C are a broker not a lender. They can't give an aip, only a lender can.
    • ap1985
    • By ap1985 18th Oct 16, 9:28 AM
    • 256 Posts
    • 101 Thanks
    ap1985
    • #4
    • 18th Oct 16, 9:28 AM
    • #4
    • 18th Oct 16, 9:28 AM
    I used L&C and found them very pleasant to work with. They got me a mortgage when other brokers weren't able to help me. However, as SavingSteve mentioned they are a broker and not a lender so the ultimate decision about lending lies with the Lender itself!
    Finally going to be a homeowner
    • kayley.m
    • By kayley.m 24th Oct 16, 8:06 PM
    • 16 Posts
    • 0 Thanks
    kayley.m
    • #5
    • 24th Oct 16, 8:06 PM
    • #5
    • 24th Oct 16, 8:06 PM
    I went to l&c I have to haras them to get information. And i have just had a mortgages offer rejected at the aip stage on friday... and no updates of whats happening since saturday which was no news... advised they would call me monday still no news. Im going to tell them to leave it and try and find another broker ��
    • Thrugelmir
    • By Thrugelmir 24th Oct 16, 10:44 PM
    • 51,207 Posts
    • 42,983 Thanks
    Thrugelmir
    • #6
    • 24th Oct 16, 10:44 PM
    • #6
    • 24th Oct 16, 10:44 PM
    Im going to tell them to leave it and try and find another broker ��
    Originally posted by kayley.m
    Why don't you give them a chance to get back to you. There are only so many hours in a working day.
    “A man is rich who lives upon what he has. A man is poor who lives upon what is coming. A prudent man lives within his income, and saves against ‘a rainy day’.”
    • amnblog
    • By amnblog 24th Oct 16, 10:48 PM
    • 8,840 Posts
    • 3,361 Thanks
    amnblog
    • #7
    • 24th Oct 16, 10:48 PM
    • #7
    • 24th Oct 16, 10:48 PM
    To be fair Thrug, a client shouldn't be left hanging over the weekend into Tuesday morning with no news.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
    • kayley.m
    • By kayley.m 24th Oct 16, 11:30 PM
    • 16 Posts
    • 0 Thanks
    kayley.m
    • #8
    • 24th Oct 16, 11:30 PM
    • #8
    • 24th Oct 16, 11:30 PM
    Thrugelmir i understand there're are only so many hours in the working day, but i shouldn't have to chase when hes said he would update.

    This isn't the 1st time... although the advisor i have been dealing with has been plesent he can't be contacted by phone EVER.

    I understand im not his only client but making me feel my case is important means alot to me.

    My mortgage application was declined on a friday which was stressfull. I have no idea if he's even spoken to the lender like he said he would, i have no idea if hes found another mortgage lender for me?

    I could be sat here waiting for a reply whilst im at the bottom of his todo list and loosing time when i could be making alternative arrangments.

    Im not prepared to loose the house because someone is to busy and unable to deal with my case.

    (I am never moving house ever again)
    • csgohan4
    • By csgohan4 25th Oct 16, 8:15 AM
    • 2,518 Posts
    • 1,563 Thanks
    csgohan4
    • #9
    • 25th Oct 16, 8:15 AM
    • #9
    • 25th Oct 16, 8:15 AM
    That's the problem with conveyor belt Broker firms, stack it high to get a commission.


    You get what you pay for.


    As Amnblog says:


    It is prudent when out shopping for something important, not to limit yourself to pound land
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