Advantage Mortgage Shock Offer

shino74

hotspur84 wrote: »

People who have received the offers from advantage.

Where you all on the flexishare product of just a standard repayment mortgage? Standard Repayment

Were you within the fixed rate period? Yes Still on the fixed rate period (Approx 18mths in)

And has anyone had any success in asking for this offer? Yes I have had success but didnt ask for the offer!

Many thanks.[/QUOTE] No Problem

zedsdead_2

Weeeeeellll. So the last we mailed our broker had done the Ronaldo on us which was somewhat dissapointing. Shino said to try the broker that comes with the offer(from Advantage) and so we did. This geezer was on the ball chop chop and got an AIP dependant on valuation with a mainstream lender. So I'm waiting for the valuation now which take place in about 2 hours. If it stacks up then were in line for 75% LTV but requires negotiations with Advantagre to make up another 10k on their offer).
Remember, Advantage has already said, get an offer in place and we can deal and the broker seems to think they will budge meaning a new 2yr deal @ 3.99%, mortgage reduced and monthly payment down by £500.

I've got everything crossed right now hoping this valuation stacks up.

shino74

Well we have now completed our remortgage!!! Thanks advantage....25k off my mortgage and also 200 a month better off!
This is one reason I love the credit crunch!
Good luck Zed, keep the faith and all will be fine!

Shino

shino74

zedsdead wrote: »

Weeeeeellll. So the last we mailed our broker had done the Ronaldo on us which was somewhat dissapointing. Shino said to try the broker that comes with the offer(from Advantage) and so we did. This geezer was on the ball chop chop and got an AIP dependant on valuation with a mainstream lender. So I'm waiting for the valuation now which take place in about 2 hours. If it stacks up then were in line for 75% LTV but requires negotiations with Advantagre to make up another 10k on their offer).
Remember, Advantage has already said, get an offer in place and we can deal and the broker seems to think they will budge meaning a new 2yr deal @ 3.99%, mortgage reduced and monthly payment down by £500.

I've got everything crossed right now hoping this valuation stacks up.

Zed who did you use in the end? VA?

zedsdead_2

Shino74
Yip. Valuation stacked up but I'm asking for a really big discount here and do not think Advantage will play ball. One can hope really right?
Well one Shino, well done.

shino74

Zed,
Good luck, at first was extremely sceptical but with the help of Les from VA (Superb service) everything ran really smoothly!

Shino

hotspur84

Hi all.

Well, I was referred on the 3rd of July for this offer and I am still waiting for a response from head office. I think the call centre are getting just a little bit cheesed off with me now ringing in every day.
Is there anyone else reading this thread that has had the same referral to head office and how long have you been waiting/waited for a response? Not knowing is starting to do my head in abit.
Would be nice to get one of these offers as it would provide some extra security for what are sure to be tough times ahead plus we have a fantastic credit rating so remortgaging is not an issue.
Just wonder how long and how limited this offer is going to be with advantage? =/

zedsdead_2

Just to let you know, we have now completed our remortgage. The deal went though yesterday and we are now waiting for the remaining documentation.

We had to go back to Advantage to ask for an increase in the discount as, due to poor credit history, High street lenders were reluctant to lend.

Anyhoo, we did get a 'mainstream conforming' deal with Platform after securing a total £59K discount (yes £59000 taking 25% off our mortgage) from Advantage.
I'm still pinching myself thinking I'll wake up and it's been one of those dreams you have as a teanager but no, it's all in black and white.

If you have issues getting a new lender, use their mortgage brokers, (Les from VA Mortgages. Legend)

:beer:

Shino74: I see you got a mention in the Daily Mail some time ago. Kudos;)

shino74

zedsdead wrote: »

Just to let you know, we have now completed our remortgage. The deal went though yesterday and we are now waiting for the remaining documentation.

We had to go back to Advantage to ask for an increase in the discount as, due to poor credit history, High street lenders were reluctant to lend.

Anyhoo, we did get a 'mainstream conforming' deal with Platform after securing a total £59K discount (yes £59000 taking 25% off our mortgage) from Advantage.
I'm still pinching myself thinking I'll wake up and it's been one of those dreams you have as a teanager but no, it's all in black and white.

If you have issues getting a new lender, use their mortgage brokers, (Les from VA Mortgages. Legend)

:beer:

Shino74: I see you got a mention in the Daily Mail some time ago. Kudos;)

Nice one Zed! Yeah Daily Mail, Telegraph etc. So glad you got sorted and yes Les is a legend aint he? Never too much trouble and such a calming influence. I have pinched myself too everyday and life is much better with massive monthly savings.

zedsdead_2

shino74 wrote: »

Nice one Zed! Yeah Daily Mail, Telegraph etc. So glad you got sorted and yes Les is a legend aint he? Never too much trouble and such a calming influence. I have pinched myself too everyday and life is much better with massive monthly savings.

Shino: Got all the letters on Saturday morning with a nice ltlle cheque to boot. All done now and still can't believe it.

Good luck to you all still in the process.