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need brokers help
robwend
Posts: 2,919 Forumite
hi guys, need your help<again>my buyer has a problem with his mortgage offer,so ive been told, its not the mortgage offer itself its a clause on itabout it being redeamed? which the broker and buyer want removed, they have sent it back to have this clause removed to only have it sent back with it still on!! its been sent off again and we are now in limbo land waiting! any idea on what this clause is? and how long it can take for this!! as we are all ready to exchange
You're not drunk if you can lie on the floor without holding on
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Comments
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No way of knowing really robwend without having the offer in front of me. They vary so much and from lender to lender.
If it is a redemption clause specific to the selected product then in cannot simply be removed, the buyer must select a new product without such a clause.
However as I said, impossible to say any more really.
Sorry for not being much help.
Dont suppose you know which lender it is?
Andy0 -
hi andy yes it its the abbey xxxwendyYou're not drunk if you can lie on the floor without holding on0
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What sort of 'broker' is this?
If someone signs an agreement which includes a redemption penalty there isn't much a 'broker' can do about it apart from pray or stick pins in his/her Voodoo doll.If you don't know what you are talking about keep quiet0 -
like andy says hun ive no idea if its that, all i was told is that we are waitin for exchange because buyer has a clause on his redeem that has to be taken off... talkin gobbledee gook to meYou're not drunk if you can lie on the floor without holding on0
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Without sounding harsh It sounds like the broker may have cocked up here.
Again though it's impossible to really tell, just a gut feeling
Andy0 -
you are sooooooooooooooooooo right, for my guess they aint waiting for this clause to be removed but a whole new bloody mortgage offer!!!You're not drunk if you can lie on the floor without holding on0
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thats my feeling too but It doesnt bode well someone like me dissing another broker.
Andy0 -
im gonna phone solicitors in morning and ask them to ask my buyers solicitor if they are making amendments to mortgage offer or a whole new mortgage off .do you think thats reasonble?. no points withYou're not drunk if you can lie on the floor without holding on0
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oops no pointswith EA i was meaning to type as they never get back to me , and when they do never with the right infoYou're not drunk if you can lie on the floor without holding on0
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Do it. I would. Also see if you can get the number of his broker and call him yourself.
:beer:0
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