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new build nightmare over sales incentives
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There have been over ten lenders for HTB - EL for months now. HTB - MG is relatively new, with recent lenders, but that is not what this thread is about.
An experienced advisor would have obtained the reservation form from the builder and established there were cash incentives and this would have ruled out the likes of NatWest.
Was NatWest used for any particul reasons, such as the need for an income stretch? Their HTB - EL products are not normally market leaders.
Get advice from a more experienced newbuild broker if the broker is the reason for the case going to NatWest. If fees have been spent to get here, the broker should pay the new fees to the next lender, IMHO.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.0 -
Thank you to all contributors. I feel like I have something to work with now.0
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Was the IFA the recommended advisor for the development?
What County is the house in. Some HTB Agents will not allow cash incentives either.0
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