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Daft mortgage broker question

We've submitted an application for a mortgage via a broker.

Who normally receives the response from the lender: the broker or the applicant?

Comments

  • monty-doggy
    monty-doggy Posts: 2,134 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    Which response? If its AIP broker will get it. Formal offer, my broker was faxed a copy and the next day I received hard copy in the post.
  • Formal offer. We had AIP through broker but he did it via lenders website.
  • amnblog
    amnblog Posts: 12,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Your broker will get the response, they will update you.

    Some lenders offer to update clients direct but we do not encourage this as the info the lenders churn out is frequently incorrect or misleading and not to be taken at face value.

    Let your broker handle everything.
    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.
  • monty-doggy
    monty-doggy Posts: 2,134 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    Technically you will receive it, but its likely broker will get a faxed copy beforehand. That's what happened with mine :)
  • amnblog
    amnblog Posts: 12,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    If you are talking about the formal offer the borrowers, broker and borrowers solicitors all get their own copies.

    Please check your copy thoroughly as mistakes cannot be rectified after funds have been drawn down.
    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.
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