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Lender offering to buy back mortgage???
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Shame - given the LTV you're right, I can't see any other lenders taking it over.0
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Is it £185,000 before or after the £30,000 offer from Advantage? There's no harm in asking your adviser if there are any options available to you?0
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i hope kensington falls in the same hole soon!0
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I may be missing something, but I don't really get why you'd need any input here- you're being offered £30k, what is there to think about?
Barter for a bit more ?
I am a Mortgage adviserYou should note that this site doesn't check my status as a Mortgage Adviser, 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.0 -
If your problems were a few years back and your record has been good the last year you may be able to find a lender, your only looking now for £155k, so about 80% LTV?
What does your broker say?I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, 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.0 -
Good point, had forgotten it was £185- the £30k.0
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That's more promising. So what has your broker suggested, have they looked at other lenders for you?0
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i hope kensington falls in the same hole soon!
My understanding is that maybe Kensington, Advantage & Morgan Stanley are one and te same.
We occasionally get phone calls from an 0870 number with referrence to our mortgage, but when you put it in to Google, it has dozens of results saying it is Kensington, so my guess is they are one and the same.
Or at least related in some way :rotfl:0 -
That's more promising. So what has your broker suggested, have they looked at other lenders for you?
My broker decided to pack it all in as of 27th May this year cos business was too tight, so currently looking in to finding a replacement.
I could use someone through work, since our business has a lot of contacts, but a little concerned about them knowing all my privates
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