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The Broker Blues Thread
Comments
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Basically, it's MMR.
They'd like to pull all their products for two weeks and do nothing so they can get straight.
BDM said this today.
Why is it other lenders seem to be coping quite comfortably with little fuss and equally good, if not better products and better service?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 -
Nah. It's a MMR policy thing.Thrugelmir wrote: »The issues of the past are far from resolved. Contraction of credit by some lenders is inevitable. Mutual lenders will continue to grow while the big banks contract. More of 2013 in other words.
They want to lend buckets this year.
They just don't want to lend anything in the next few weeks!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 -
Im now moaning about nationwide (Im blaming Dave on this one :P)... Im not moaning about them as they are looking at a case everyone else would decline outright but their processes. I have had 4 phone calls to say they want something extra.
4 phone calls from 4 different people because they all have th same job but looking at different things. Im sure every other lender looks at the case before giving you a list of anything additional they want.I am a Mortgage AdviserYou 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.0 -
You have done the right thing Tony, honest.
Better they question and satisfy them now without the wheels coming off later.
They did downvalue one of ours earlier though which meant the client could only borrow £399k and not the £400k requested for the loan to value product. Rather than offer and check, they e-mailed and now in the offer queue...!
Fingers crossed ACGI 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.0 -
Im sure it makes sense to someone somewhere...
Im not complaining though, if it goes through i will be pretty impressed.I am a Mortgage AdviserYou 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.0 -
What is it you've put to them?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
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Joint app, mr had an IVA a few years back. Its referred at app.
Their incomes are 60% basic, 40% commission, although it has passed affordability with some room to spare.I am a Mortgage AdviserYou 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.0 -
4 phone calls from 4 different people because they all have th same job but looking at different things.
Haven't you heard about all the new jobs in the market thanks to the Government? This is an example of 3.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.0 -
It must be working as i will need to employ someone to answer these questions if it carries on.I am a Mortgage AdviserYou 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.0
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Just checking with my BDM now that the 144 minutes wait time quoted on their broker helpline can be relied upon, as I normally have two valium at 3:30pm.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.0
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