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Underwriter decision - is it reasonable?

2

Comments

  • dunstonh
    dunstonh Posts: 121,111 Forumite
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    I would approach the MSE recommended broker London and Country as I used them to get my current mortgage but they've declined to do anything because of the student loan default.

    L&C cherry pick the easy stuff. A local broker is probably better.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • amnblog
    amnblog Posts: 12,782 Forumite
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    Gnomi

    Unfortunately, you have been led in the wrong direction.

    Stop wasting time with Santander and L&C.

    Get your credit files like Dave Ham says and talk to a broker in the adverse market who wants this type of business.

    This can be resolved but you are facing the wrong way currently.
    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.
  • deejaybee
    deejaybee Posts: 939 Forumite
    Part of the Furniture 500 Posts Name Dropper
    Although I don't have their ( the excellent mortgage advisors on here ) expertise , I would echo what they say, going on my own experience....

    I too approached Santander initially, and got glowing references and told it would be fine by the staff in branch ( banked with them for decades ) then got totally bombed out by the mortgage centre gestapo..

    Read nice things on here about L&C , tried them, girl I was dealing with came across as a form-filler... they applied to Nationwide, again bombed out.

    Panicking then, as feared that 2 credit searches had further harmed credit file, so I asked friends locally for broker recommendations, same name came up from 2 separate people, went with him and got sorted out via Woolwich...

    I think unless you are a really straight forward case, a broker who has built up relationships with BMs at various banks/BSs is worth his/her weight in gold.

    Hope you get sorted.
  • amnblog
    amnblog Posts: 12,782 Forumite
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    DJB

    The going rate in the current market is "twice their weight in gold"
    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.
  • Wh05apk
    Wh05apk Posts: 2,938 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    L&C are presumably recommended because they pay a referral fee, why else would a "remote" broker be recommended over a face to face one?
    I am a mortgage adviser.
    You should note that this site doesn't check my status as a Mortgage Adviser, 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.
  • kingstreet
    kingstreet Posts: 39,439 Forumite
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    That's nothing to do with it, Wh05.

    L&C can cope with the traffic a site this size might generate.

    Nothing at all to do with referral fees.

    :D
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, 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. Please do not send PMs asking for one-to-one-advice, or representation.
  • amnblog
    amnblog Posts: 12,782 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I'm sure we are all confident there is no deal between L&C and MSE.
    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.
  • kingstreet
    kingstreet Posts: 39,439 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Now MSE is owned by MoneySupermarket?

    Absolutely not!

    Don't know how you could think such a thing.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, 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. Please do not send PMs asking for one-to-one-advice, or representation.
  • deejaybee
    deejaybee Posts: 939 Forumite
    Part of the Furniture 500 Posts Name Dropper
    amnblog wrote: »
    DJB

    The going rate in the current market is "twice their weight in gold"


    :D

    I shouldn't have mentioned gold ( trying to pick a good time to sell some sovereigns, price is up and down all over the shop lately)

    I hung on thinking Obama was gonna nuke the middle east, but he flapped it and down went the price again....
  • amnblog
    amnblog Posts: 12,782 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    kingstreet wrote: »
    Now MSE is owned by MoneySupermarket?

    Absolutely not!

    Don't know how you could think such a thing.

    Is the clue in the 'Money'
    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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