Need advice re broken agreement to port mortgage

davidf_2

roonaldo wrote: »

Just because im not telling you what you want to hear. This is a public forum, get with it..chap.

Your argument doesnt stack up. You suffered no financial loss as a result of the lender, unless you paid the lender an applicaiton fee. You have suffered a loss due to poor decision making and it seems you're just bank bashing trying to make someone else pay for your mistake.


At the end of the day, the lender just didnt let you port the mortgage as they are within their rights to do. Everything else was your doing.

Im just giving you a point of view.

Oh dear.

Thanks for giving ur point of view. I can't say it's one I think I'll be able to share, on account of there not being enough room up there for both our heads.

You have contributed nothing useful, constructive or even remotely interesting. A bit of conjecture and few question to which the answers were already in the text of the thread.

I took the liberty of viewing a few of your posts on other threads and I have to say that they follow a similar theme.

If you really have nothing to add, don't bother trying. If you want to pick an argument, go do it elsewhere. I'm not interested.

roonaldo

ignorance is bliss

BoGoF

davidf

I'm afraid you are not getting the answers you want and are spitting the dummy. The bottom line is there is no 'broken agreement' on the T&C's you signed and you are chasing a lost cause.

May I suggest if this is not what you want to hear then you go somewhere else

davidf_2

beecher2 wrote: »

I'm not sure what you want to achieve to be honest. If you try to look at it positively, you've paid off all your debts, have money for a new car and your partner has a fantastic new job. The lender was wrong in making you think that porting was an automatic right, but you are where you are and I'd be looking forward and planning how you can save up a deposit. I'd also be thankful not to be stuck with a 100% mortgage at this present time.

I'm trying to figure out if it is really going to be worth pursuing it or not. We do feel wronged, and we are out of pocket, but if it's not worth involving a solicitor then I'm not entirely sure I want to bother going through all that toing and froing of letters etc. I thought I'd open it up to see if anyone else had experience of similar.
Wouldn't be worried about 100% mortgage as we had intended to add value, and it is a bargain. Still, like u say, we can save for a year and get a decent deposit together for an even better project. I always try to see the silver linings.

davidf_2

BoGoF wrote: »

davidf

I'm afraid you are not getting the answers you want and are spitting the dummy. The bottom line is there is no 'broken agreement' on the T&C's you signed and you are chasing a lost cause.

May I suggest if this is not what you want to hear then you go somewhere else

Well I'll be damned. There was room for another head up there after all!

BoGoF

davidf wrote: »

Well I'll be damned. There was room for another head up there after all!

What's that another idiot who doesn't read what he's signing....sorry I can't make it

roonaldo

Look, hissy fits aside. we've all read your posts. I hope this is constructive.

You have been done wrong by the fact you were given some duff advice which they have admitted, but from what I gather thats the extent of their wrong doing.

Porting a mortgage is no gaurantee of getting the mortgage on a new property, the lender still has to go through all the usual checks and do a valuation, so theres no gaurantee they will accept it and issue a mortgage offer. Many things may come up that could affect things.

No adviser or solicitor would ever recommend moving into the property until its finalised. You were still yet to have a mortgage offer, the solicitor do searches etc, exchange contracts. You took a risk, jumped the gun and it back fired, but the lender cannot be accountable for that part. You went to great lengths on someones word of mouth.

You said in your original post you may request compensation, from what you have said I dont believe you are due any significant amount. You have been messed around, but from experience that would only be a gesture of goodwill payment of £100-£200.

If you disagree then fine, take it further. I just think you may be chasing a lost cause.