Frustrated by unprepared FTB

Tassotti

With regards the to mortgage inprinciple thing, I can see that it is advisable to know how much you can borrow. However, what I find annoying is that whenever I sign up to look for properties, I HAVE to see the mortgage advisor of that specific branch.

For God's sake, I own 58 properties..don't they think that I can sort this out for myself. I often have to tell my broker about a deal that I cannot get access to, but know it is available.

Andrew Smith..do you charge fees? Pm me if you want. Brokers do not like me, but as this site is about saving money, as with anything, shop around

AndrewSmith

The easy way to sto the agent insisting that you see his broker is to have the offer put forward by your own broker. He can then verify the validity of the offer immediately.

It's what I do for clients and none of them consequesntly have to see the broker from the Agency.

Hope this helps

Andy

Ben_Baileys

We're literally just starting to consider buying a property having been served notice on our tenancy last week.

This is a very interesting thread. As a FTB couple we'd like to have a concrete idea of the size of a mortgage we could take out before viewing properties. What would be the best way to find this out? I was going to go to London and County but if they don't do Agreements In Principles, I guess we'd try a different broker. Would we be expected to pay for this service?

AndrewSmith

Hi,

No, and AIP or DIP will cost you nothing.

I would suggest finding a local broker who will meet you to discuss it through with you. He can then assess your payslips and bank statements etc and base the advice he gives on proven evidence of earnings which he will have actually seen for himself.

Personal recommendation or your local pages are usually a good place to begin.

Andy

david29dpo

just found out that the agent selling my flat is really pushing the viewers to there mortgage department. they are tied to just one lender, themselves , i know they will want the custom but its a bit unfair and will it put buyers off?

AndrewSmith

I dont think it will put buyers off as if they are only tied to one lender the viewing public will have normally already made other arrangements.

It is a benefit to you the seller though, as it will sift out the wheat from the chaff and highlight any potential timewasters.

Andy

Doozergirl

Lovely thread this with lots of useful advice.

I think you need your own "sticky", Andy!

AndrewSmith

Doozergirl wrote:

Lovely thread this with lots of useful advice.

I think you need your own "sticky", Andy!

You know what Doozergirl? You could really make me blush :beer:

This sort of thing is kinda my forte'. The process, negotiation, how to deal with agents, when and what to offer etc. Thats what you get for having been doing it as long as me.

My own 'Sticky'? That's an interesting thought. Mind you I think I am a little too blunt and outspoken for some people on here

Cheers though Hun for your support. (Stop Flirting again Mr Smith lol) :rotfl:

Andy

:T

pepsibeth73

Hi lts not always the first time buyers fault , l am just in the process of buying my first home and was told by a fa that l don't need an agreement inprinciple and just to go out and put an offer in when l have found some where then go back to him for a mortage after offer excepted ....offer was excepted then fa went on holiday:mad:

jpwhittle

AndrewSmith wrote:

If the agent asked for proof of the mortgage etc, I would give the Agent your broker details and simply tell him to speak to your broker who can confirm that a mortgage is in place (without giving out details such as earnings etc)

We all saw the whistleblower documentary regarding the way Alxander Hall were discussing personal details with the Agents. Be assured this is the minority and most of us don't operate that way.

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i dint see this but we were given some figures yesterday by them. we then phoned northern rock who were recommended to us and were told a mortgage in princi[ple had been arranged (even though we didnt know) by the other company. we were shocked at this but northern rock said they could rearrange it if we found a house . are alexander hall bad for this kind of thing? we are ftbs verry inexperianced just wanting a good deal