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Tesco mortgage application help.

mose_2
mose_2 Posts: 414 Forumite
Part of the Furniture 100 Posts Name Dropper Combo Breaker
in Mortgages & endowments
Hi, We have just filled out the quote form on the Tesco website for a mortgage, When reading the key facts page it says 'we are not recommending a particular mortgage for you, however based on your answers we are giving you info about this mortgage so you can make your own choice'. Does this mean that they wont lend to us?

Thanks

Comments

  • Dave_Ham
    Dave_Ham Posts: 6,045 Forumite
    Tenth Anniversary Combo Breaker
    No - it means it is non-advised sale. This means you have not received advice about the mortgage...
    I am a Mortgage Broker
    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it.
    This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • mose_2
    mose_2 Posts: 414 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    ahh ok so if I put all my details in to get a AIP it will then tell me?
  • Dave_Ham
    Dave_Ham Posts: 6,045 Forumite
    Tenth Anniversary Combo Breaker
    Yep - you will find a fair amount of negativity on here around Tesco systems and decisions so if you fail do not take this as definitive fail with everyone...
    I am a Mortgage Broker
    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it.
    This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • paso11
    paso11 Posts: 61 Forumite
    Seventh Anniversary Combo Breaker
    mose wrote: »
    ahh ok so if I put all my details in to get a AIP it will then tell me?

    If you get an AIP it will tell you how much they would be willing to lend you subject checks and valuation

    They won't advise you on whether its the right type of mortgage for you
  • mose_2
    mose_2 Posts: 414 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Got it thanks everyone.
This discussion has been closed.
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