Financially qualified????

Lovelyjoolz

Credit-Crunched wrote: »

Hogwarts certificate of Finanicial Worhtyness

I wonder if that comes with a badge too?

kingstreet

Financial qualification takes around 30 seconds and was done over the phone when I was an agency-based adviser.

It used to pee me off no end when the office staff used to drag people in to see me when they were already happy with their mortgage arrangements. It just put their backs up and made them less likely to want to use us.

Complete waste of time.

Although I 'spose I could have told them the vendor wouldn't sell them the property if they didn't use me... :mad:

julieb1987

How did the call go? I'm intrigued!

betmunch

bobbytooshoes wrote: »

We have got the vendors telephone number so if we have no luck with the estate agent may try speaking with them directly. They are divorcing and seem keen to sell so I would imagine they would be non too pleased with the agent trying to hold up proceedings.

Dont tell the EA that you have the vendors phone number, it will be a nice surprise when the Vendors ring up the EA and give them a boIIocking!

I hate it when EAs try this with my clients, and I hated when the Area Manager tried to get me to do it.

As Kingstreet said, financial qualification takes 30's - Have you got your agreement in principal? Yes, or No. That simple!

bobbytooshoes

julieb1987 wrote: »

How did the call go? I'm intrigued!

Hi All

Called yesterday morning to advise that we were happy with our mortgage in principle and were not interested in meeting with their financial advisor.

I was expecting a bit of a fight but she just said ok and asked for a copy of my DIP, which i'm afraid to say a buckled and sent to them this morning as they were so adament that the vendors would not give a decision until they knew we were financially able to proceed!!

Anyway 20 minutes later (surprise surprise) they called to say that the vendors were looking for something a little closer to the asking price and did we want to increase our offer, I said I would discuss with OH and get back to them.

We won't be increasing our offer......blooming estate agents :eek::rotfl:

bobbytooshoes

Credit-Crunched wrote: »

No worries, keep us updated.

I will be amazed if the Vendor is aware of this financial exam you have to pass before you receive your Hogwarts certificate of Finanicial Worhtyness

:rotfl::rotfl::rotfl::rotfl:

betmunch

bobbytooshoes wrote: »

Hi All

Called yesterday morning to advise that we were happy with our mortgage in principle and were not interested in meeting with their financial advisor.

I was expecting a bit of a fight but she just said ok and asked for a copy of my DIP, which i'm afraid to say a buckled and sent to them this morning as they were so adament that the vendors would not give a decision until they knew we were financially able to proceed!!

Anyway 20 minutes later (surprise surprise) they called to say that the vendors were looking for something a little closer to the asking price and did we want to increase our offer, I said I would discuss with OH and get back to them.

We won't be increasing our offer......blooming estate agents :eek::rotfl:

So close.......

All you should have said was that the DIP is done, passed, and will be available to you as soon as a price is agreed.

Good effort though, and if you stick to your guns it neednt be a problem.

Good luck

kingstreet

What you can pay and what you are prepared to pay are two different things. If you could borrow £1million, would the agent expect you to pay that for the £150k house you've offered on?

Chumps.

bobbytooshoes

I know, i know.....I was all prepared for what I was going to say before I got on the phone but then caved in!! I am a bit of a self doubter and the minute I am in uncharterd territory I tend to roll over and submit :mad:

At least now I know what I am up against and with the sound advice from you guys can take the assertive stance from the offset with the next EA I have the pleasure of dealing with.

DRP

bobbytooshoes wrote: »

I know, i know.....I was all prepared for what I was going to say before I got on the phone but then caved in!! I am a bit of a self doubter and the minute I am in uncharterd territory I tend to roll over and submit :mad:

At least now I know what I am up against and with the sound advice from you guys can take the assertive stance from the offset with the next EA I have the pleasure of dealing with.

oops, bit of a schoolboy error there... they can't have any genuine justification for seeing the AIP as it is implicit that they are accepting your offer subject to the correct finances in place!!