The Broker Blues Thread

kingstreet

ACG wrote: »

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.

Ah, ok.

TBH I can't imagine any lender was going to give you an easy ride.

Fingers crossed though.

ACG

I get through on the phone straight away? In fairness to them i have called 4 times and every time not even so much as a seconds worth of hold music.

amnblog

My call was to a different lender ACG.

ACG

Woolwich? I just email my account manager now and ask her to call me when shes free.

I get the feeling that this moaning thread could be the biggest on MSE in no time.

kingstreet

50% shared ownership case, 95% so Leeds only.

Been trying to get our completed data capture form back from client so I could work on the case. It finally arrived yesterday.

App 2 is in a DMP, so it's App 1 sole.

It just about fitted on affordability, so submitted DIP last night. Got a "refer" so not completely hopeless...

Fast forward to this morning and my email "declined - adverse and income."

Asked client to obtain credit file and we have an undisclosed £295 per month credit agreement and an unsatisfied default for £880.

I really wish people would tell me the truth at the outset. What a waste of flipping time!

kingstreet

Latest Woolwich case - docs uploaded.

Two days later, please resend bank statements, we can't read the first lot.

Re-scanned and uploaded, as requested.

Asked BDM how long to get turned around. Five working days. He asked me for the upload date/time of the first lot. Checked and said they could be read, so couldn't understand why we were asked to do it again.

Pathetic.

ACG

kingstreet wrote: »

I really wish people would tell me the truth at the outset. What a waste of flipping time!

This is why i always ask for credit reports when i first speak to clients so they have it for when we do the factfind.

kingstreet

ACG wrote: »

This is why i always ask for credit reports when i first speak to clients so they have it for when we do the factfind.

I asked three flipping times. It took her two weeks to get the data capture form back to me and I was so relieved to get that yesterday, I had little choice but to DIP it without.

She had told me about her problems, but that he was clean and there were no associations.

amnblog

At least your BDM is not unavailable - again

ACG

Just had THE best conversation with a building company...
- Hi, i have a DIP for our mutual client do you want me to email it over to you?
- Who is it with?
- Aldermore.
- Who are they? Why have you used them?
- A bank, because the clients have adverse.
- Natwest accept adverse, why dont you use them?

Excellent! Why are you selling homes? why not come and be a mortgage advisor, you clearly know more than me without even looking at the clients credit report.

Today has been eventful.