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The Broker Blues Thread
Comments
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My favourites - NW again. Queried ground rent on a property and I told them on 7th it was peppercorn rent only. Case sitting showing no outstanding requirements since but no offer - called today to hear them say there were outstanding requirements - ground rent! No one there knew what peppercorn meant... am I being picky? Or would that not be a term you should know?I am a Financial Adviser specialising in Mortgages, Protection, Health and Medical Insurance. I also write wills. All information posted on this site is for discussion only, and should not be taken as advice.0
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Three apps for one client.
Purchase with Halifax, LTB with VM, BTL remortgage with BMS.
Halifax and BMS both offered last week.
VM valuation back today. Valuer doesn't agree with our rental income assessment. ARLA agent estimated at £1400 to £1500 so we used £1450. Surveyor for VM says £1350.
Mortgage reduced by £12k.
Knew this was going too smoothly...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 -
TMW 5 weeks from application to offer. 10 days to acknowledge and email.
Pathetic. Took 2 weeks to raise a question for the valuer.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 -
Halifax interest-only case.
New residential purchase.
Repayment vehicle is current residence which is being retained unencumbered and let.
Purchase price £385,000 in December 2000.
Our estimated value £725,000.
Halifax estimate using Rightmove comparable tool £345,000.
YCNMIU!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 -
This line creates me experience a bit better about our continuous program, we are in a much better place than most...0
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Can I have a pint of that please ?Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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Case offered by Nationwide on Monday after a 2 months fight with them!
Call today saying offer not valid as we sent it out before confirming income requirements were met!
As you can imagine this has not gone down wellI 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 -
To finish my moan from earlier, there is no longer an option for the client to pay Colleys to do a valuation, so no right of appeal against a patently ridiculous valuation on a one-off property surrounded by smaller, cheaper comparables.
I firmly believe Halifax does not want interest-only business and should simply come out and say that.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 -
My least favourite job is writing demands & needs statements for protection cases.
I've finally got around to writing four this morning, with maximum cribbing from previous cases with same benefits, provider etc.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 -
Sent illustrations to client.
75% BTL on newbuild flat.
Client comes back and asks why not NatWest as their rates are better?
Because NatWest is max 65% on newbuild flat on BTL and you said you needed 75%.
Well, I've spoken to NatWest and they say they will lend 75% on a flat.
Newbuild?
Yes, I told them it was newbuild.
Well, we suggest you go back and ask again and here's a copy of the criteria showing it's max 65%.
Why appoint a specialist advisor, then second-guess them each step of the way. If we could use NatWest, we would have done... :mad: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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