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The Broker Blues Thread
Comments
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Lack of separate utility supplies is a problem.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 -
halifax said that if it has independent utilities it was a problem as it was more likely to be rented out which they didn't likeI 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.0 -
Is there a relationship between seller and buyer?
Even though loan to value is strong, for the reasons you have outlined make this tricky.
I would be looking to get legals involved early and split deeds in advance of the purchase potentially.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 -
Id rather eat my own feet that do another shared ownership mortgage!
Just sayingI 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 -
Arranging a shared ownership mortgage is no more onerous than any other, TBH.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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its not the arranging it, it the getting paid nothing for it!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 -
Ah, yes.
The only time I had our £250 broker fee queried was on a Leeds SO case for £35,000 where the proc fee was £132.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 -
Shared ownership is just the gift that keeps on giving!!!!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 -
Does the search facility on here not work very well?
I'm getting heartily sick of giving bespoke answers to the same questions posed over and over again when a simple search of the subject would have surely revealed the same answers...?
Portability
Transfer of equity
Affordability calculators
CRA credit "scores"
HTB EL v HTB - MG
No new credit between application and completion.
Some of the "regulars" on here are more needy than our paying clients. Hopefully, that's because we're far more proactive than any lender and most brokers, so our clients don't need to constantly ask us "are we nearly there yet, are we nearly there yet..." ad nauseum.
Blimey, it's only February and I already have the "barnacles" from too many cases in too little time. I need my bottom scraping.
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.1 -
kingstreet wrote: »Does the search facility on here not work very well?
I'm getting heartily sick of giving bespoke answers to the same questions posed over and over again when a simple search of the subject would have surely revealed the same answers...?;)
I certainly agree with your you. However, probably due to laziness as it is easier to post than complete research.0
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