Mortgage - Proof of how a deposit was saved

Dan_1976

LEts not start the what independent means, we all know vigilant but you will still keep on going on about it!

How can you check a status and then PM people like this after going on an internet forum. He/she could work for MI5 as far as we know!

Dan_1976

Mortgage advice is not normally free and the way that you pay for a broker's services can vary enormously. Some brokers are paid commission - a set fee paid to the broker by a lender for selling one of their products. An 'independent' broker has access to mortgages from the whole market and will give you the option of paying a fee for his services to avoid any risk of product bias.

VIGILANT22

A whole of the market no-fee mortgage broker such as L&C is not classed as ‘independent’, whereas a fee-charging mortgage broker that deals with a panel is ‘independent’.

happybroker

VIGILANT22 wrote: »

A whole of the market no-fee mortgage broker such as L&C is not classed as ‘independent’, whereas a fee-charging mortgage broker that deals with a panel is ‘independent’.

this doesn't tackle the question of why you would feel the need to send abusive and completely unfounded PM's to me.

new_home_owner_3

happybroker wrote: »

this doesn't tackle the question of why you would feel the need to send abusive and completely unfounded PM's to me.

its because hes a idiot, if hes not pming you hes pming people offering is whole of the market advice.:rotfl::rotfl::rotfl::rotfl:

Dan_1976

VIGILANT22 wrote: »

A whole of the market no-fee mortgage broker such as L&C is not classed as ‘independent’, whereas a fee-charging mortgage broker that deals with a panel is ‘independent’.

I cut and pasted my last post from the FSA website!

Maybe you can go and bother them about it and leave us alone for a bit!!

I hope the last post is untrue and you have not been pming offering advice?

Debt_Free_Dreamer

My dad gave my brother the deposit for his first home. My dad had to provide bank statements showing the money in the account that would be used and how it had been raised etc., This was about 10 years ago.

My dad was a bit annoyed at the time.

It was the Halifax.

Dan_1976

Vig, you can be a very good broker and make no money! AS you always say it is about advice not sales!

My bankruptcy came nearly a year after i left the industry as I could not earn the same money in an employed role. And as you should know 2007-08 was tough for brokers. I was in my first good year with a small client bank in the grand scheme of things.

I have seen bigger and better brokers go down quicker!

Shame its not happened to you! Then again we dont know what you do as your so worried about it!

I stick around on here to try and give a bit of help, and if you look i get good responses unless it one of the keyboard warriors like you.

351 thanks in 268 posts, and my old profile was better!

Now I am off to get ready as I am going out today, off to Chelsea Vs Villa, I guess you will be sitting on here all day as thats about all you seem to do!

Cya about vag

VIGILANT22

[QUOTE=Dan_1976

I have seen bigger and better brokers go down quicker!

Shame its not happened to you! Then again we dont know what you do as your so worried about it!

I stick around on here to try and give a bit of help, and if you look i get good responses unless it one of the keyboard warriors like you.

351 thanks in 268 posts, and my old profile was better! [/QUOTE]

Wow...really nice guy!...I wonder if you said this to other people on the past and it's come back to bite you!..

Re and my old profile was better!....self praise is no praise......:)

brit1234

nlong wrote: »

They have now asked for proof of how this deposit was saved. e.g. regular monthly saving (which we have done).

It makes no sense why they are requesting this (what difference would it make if we had the money in seperate accounts and chose to pay bulk amounts into our deposit account to have the money in one place??)

It makes perfect sense, as it protects the lender from people borrowing deposits or money laundering. I can't see why a honest person would be against this.