can mortgage lenders take mortgage arrangement fee then refuse mortgage?

iceage3

We have been month already but no valuation?

No one seems to knew when they do this.

fatfei

Yeah speaking to other people this appears to be the norm, they really drag their heels, maybe they don't make enough money from mortgages as they do with other things so they don't care.

I was just a bit worried because when researching this on the forum here i come across another post where someone said they done it all in six weeks. Guess that is rare.

iceage3 wrote: »

We have been month already but no valuation?

No one seems to knew when they do this.

fatfei

Okay thanks for the useful information and experiences from everyone else

Am un-subscribing from the forum topic now because i cant be bothered replying all night to plebs like opinions4u all night.

Yorkie1

Well the only post I understood much of on this thread was that from opinions4u, who generally tries to be helpful.

There's no need to go off on one.

beecher2

opinions4u: Thanked 5,471 Times in 3,187 Posts
fatfei: Thanked 0 Times in 0 Posts

I know who would be missed most by unsubscribing.

_Andy_

fatfei wrote: »

Okay thanks for the useful information and experiences from everyone else

Am un-subscribing from the forum topic now because i cant be bothered replying all night to plebs like opinions4u all night.

Oh boo-hoo.

iceage3

To yorkie1

this bloke has been waiting two months for a reply ,i have given knowledge on what i know.

Thats the trouble with this site you dont get answers ie if you have been through same situation.

I am giving a thanks to post for coming on this rubbish site.

Beecher2 thanks for what??????????being a smug git

iceage3

I am sure 5,400 thanks have been for being a smug git.

If you know anything about nationwide mortgages post on here,if you dont like the last three posts dont bother.

dunstonh

Thats the trouble with this site you dont get answers ie if you have been through same situation.

Actually, the trouble with "this site" is that too many people react negatively when they dont like the answers they are given.

i.e. someone feeling they have been "ripped off" or similar only to find most dont agree with them or, where they have an incorrect assumption about where the lender makes it money or where it doesnt make it and they are corrected. They then turn against those who dont agree with their misplaced views.

140k mortgage with a possible return of 70k profit over 25 years IF you stick with them

The net interest margin is typically around 1% historically. Sometimes more, sometimes less. The level of "profit" you think there is; is that gross, or net? is that looking at the profit in isolation or including the costs of funding the amount lent in the first place?

opinions4u

iceage3 wrote: »

I am sure 5,400 thanks have been for being a smug git.

If you know anything about nationwide mortgages post on here,if you dont like the last three posts dont bother.

Cheers. You're entitled to your view.

The reality is that the OP has provided half a story in most posts and then starts trying to lecture on where building societies make profits, telling me it's not got much to do with mortgages and it's all down to investments.

Depsite repeated requests, the OP took ages to clarify who was handling his mortgage application (broker or lender) or what steps had been taken.

With some posters it's like knitting fog.

Before the OP walked off with the bat, I think I answered the questions that were raised.

But hey, I'm the naive fool.

The broker can only go as far as the mortgage provider, Its not going to make the mortgage provider go any faster, they go their own pace.

Oddly, the broker hassling the lender will get things moving faster. Or at least get absolute understanding as to why things are moving slowly.