Harmless Checkup?

reidy100_2

Thnx Dunston and Stan for keeping an eye on this post much appreciated:-

Any suggestions on these?
" I also read that if the mortgage isnt completed no offence has been made?

Maybe I should hold on completion at the moment and get my broker to look elsewhere? Or chose another broker / lender that is able to cover my requirements, so that i am not struggling if i have to explain my income.

Maybe I should post on here what my possible earnings could be?

Sorry for soo many questions. but then again maybe im worrying about nothing but i just wonder why they are waiting until after completion to see if I understand the workings of the mortgage"

Ta Guys

dunstonh

Send a PM to stan telling him who the lender is. I'm sure he wont mind. Although naming in public here isnt an issue as they cant match you up to your real identity even if they did happen to read this thread. Which is highly unlikely given the millions of websites out there.

reidy100_2

have done Dunston

cheers mate

herbiesjp

Is this BM Solutions?

Bernard_Coleslaw

I know that some credit-impaired lenders do this (not suggesting that the OP is necessarily in this position, BTW) to make sure their new borrower is fully aware of the implications of the deal they've taken out and what would happen if they miss payments. BM Solutions is one that springs to mind.

I wonder if the same process is in place for self-cert too?

MortgageMamma

I've done dozens of self certs with BM sols this year and I have never heard of them going to see one of my clients. Perhaps they just pull the odd random one. At the endof the day the responsibility is the advisors to explain to the clients the contract they are entering and to point out the consquences of non payment. I reall do not understand why they would need to do this, and suspect there are other reasons behind it

AndrewSmith

I have known this happen a limited number of times with some lenders, BM Solutions being one of them.

All that happened was that the client was taken through the T&C's of the mortgage and asked for feedback on the way the application process was handled etc.

If you are in any doubt as to the motiv of the visit, and you broker is away for 2 weeks, call the lender yourself and ask them to explain the purpose of the visit. Tell them you fully understand the ramifications of the mortgage and do not see the visit as required.

I wouldn't get too hung up about the issue of 'proving your income' as this is the whole point of self certify, for people who cannot prove their income.

If the application is all above board and appropriate then you have nothing to worry about.

Hope this helps

Andy

stanmoresaver

reidy,

You have mail! It would appear that seems to be a routine stance by your lender.

Just a shame that your broker either wasn't aware of this or chose not to advise you. :rolleyes2