We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
why is the lender asking for this info?
Comments
-
Maybe it's a tied agent to beacon who isn't independent.0
-
i recieved this letter from kensington this morning it says this..
i am writing to confirm that due to arrears the account was subject to litigation in july 2006,however the account was brought up to date before a hearing could take place and the proceedings were withdrawn on the 24th august 2006.
i have spoken to the broker who has spoken to solent and says that as far as she is concerned the letter should be ok.
what do you guys think??
sealed pot challenge member #9200 -
You have to go with the broker as they have spoken with the prospective lender.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
-
i know but what if you think the broker is talkin bull!!
i feel that this is going to cause a decline and if this is the case i want to know now.
my broker wants me to print off bank statements from march to august take them to the bank to be verified to prove the mortgage has been paid since then and send them together with the letter.
i have to send them to the broker who then sends them to the packager who then sends them to the lender.
i cant be bothered to prat about doing all of this and wait maybe another 2 weeks to be told NO.
sealed pot challenge member #9200 -
There's no incentive for the broker to 'talk bull' - they won't get paid commission from the lender until the mortgage completes.
All you can do is supply the lender everything they're asking for and see what the decision is.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.1K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards