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The Broker Blues Thread
Comments
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Why would I need to give them a certificate - I just tell them to grow up.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 -
Is it a secret?
I have a fee agreement which says i will charge £xxx, that fee is only chargeable on offer of a mortgage however if after DIP or recommendation of a product/provider (whichever is sooner) you decide to pull out there will be a fee of £xxx.
Once i have that signed I am covered.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 -
Is what a secret?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 -
Telling the builders/EA who the lender is.
I used to avoid telling anyone until the last minute pretty much but now i have my little fee agreement once it is signed im more than happy to discuss with the EA/Clients/Builders etc.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 -
Not a necessity obviously else you wouldn't be doing the jobs you're in; just a suggestion to save you being hassled every time by Estate Agents and giving a further objection to EAs trying to convince the buyers to use them instead of yourselves.
It's not a secret necessarily but it's probably better safe than sorry with regards to declaring whom I work for.0 -
Perhaps confidential is a more apposite word than secret.
The DPA would probably consider the information confidential.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 -
No different to them asking to see a copy of the DIP, its all on there.
Although i would never send a DIP over before an offer has been agreed.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 -
I would be very careful about sending any detail of a clients mortgage arrangements to an estate agent or developer.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 -
Perhaps I haven't explained myself very well..?
Our mortgage certificates literally produce a dated document which gives 90 days (typically), the clients names and the borrowing amount + deposit shown as a total figure.
If you print a certificate at £250k, and they're intent on offering £250k, I'm not sure why there would be an issue? Doesn't give the lenders name or any additional information.0 -
AMN is querying my replies i think.
I suppose we all have our own ways.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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