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BigBumpaGirl
Posts: 69 Forumite
I have just had a mortgage advisor advise me to take out a loan to increase my despot from 20% to 25%. When I told him that I thought this was not allowed he replied ‘you could always be taking out the loan to buy a car’...
I am gobsmacked! And yes the advisor was recommended by a major developer, needless to say I will not be speaking to them again
I am gobsmacked! And yes the advisor was recommended by a major developer, needless to say I will not be speaking to them again
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I'm sure that goes against anything that is said about responsible lending.0
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Please take the time to report him to the FSA, idiots like that give the trade a bad name.0
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Honestly and people wonder why we have a bad reputation!
2 steps forward and one back and we all get tarred with the same brush, it is frustrating!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 -
the advisor was recommended by a major developer
Suprise, suprise!0 -
FraudBuster wrote: »Suprise, suprise!
Anything to try and get them through!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 -
It wasn't me, honest!On the issue of who is responsible for bad lending decisions, Chelsea says it is not the fault of a specific individual.
As to the sudden departure of both its finance director and chief executive, the Society says that is merely coincidental: finance chief Andrew Parsons has found a job with an old colleague; chief executive Richard Hornbrook, 57, is leaving because he doesn't believe he will be around long enough to implement the recovery plan.0
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