 SVR – credit file & no switching deals available

Flashmanchop

Thrugelmir wrote: »

It is for many potential borrowers. So while you quote TCF. Banks are increasingly under an obligation to assess affordability.

I agree with you Thrugelmir; however having had first hand experience of somethingbeing affordable, but computer says no, my feelings are somewhat tainted. The under writer at the time also couldnt understand it, but as the computer was all conquering he could not change anything.

Ultimately I was the one having to change and re think afterwoods, the bank certainly wont have lost any sleepover it.

I am trying to move towards the chinese and asian tendancies to do away with banks wherever possible.

Thrugelmir

Flashmanchop wrote: »

however having had first hand experience of somethingbeing affordable, but computer says no, my feelings are somewhat tainted. The under writer at the time also couldnt understand it, but as the computer was all conquering he could not change anything.

I am trying to move towards the chinese and asian tendancies to do away with banks wherever possible.

Welcome to the new era of banking. Everybody was happy to kick the banks following the financial crisis. Now the after effects are becoming clear. People are beginning to see the impact of bankers again running the banks. Not market traders.

Chinese may well have their own banking problems. Developing countries have their own teething challenges to overcome. Not plain sailing for them either. Nor are the standards and conduct of their banks so high.