The Broker Blues Thread

Ftba.d

Also, out of interest, hoe long does it take to process a full application before submission ?

kingstreet

You might want to open a thread of your own instead of hijacking this one which is intended for broker comment, rather than individual case issues.

Ftba.d

Ok. Point taken.

How precious :rotfl:

kingstreet

Precious?

Perhaps I should have left you wondering why you were getting no replies on here, instead of making a suggestion to try to help you get the information you need?

amnblog

Ftba.d wrote: »

Ok. Point taken.

How precious :rotfl:

This is the only thread we can get some peace on. Please leave it to us!

dunstonh

I would recommend that any mortgage adviser reads the following FOS decision
http://www.ombudsman-decisions.org.uk/viewPDF.aspx?FileID=119641

It has to be one of the strangest decisions going but that is the world we live in.

GingerFurball_2

dunstonh wrote: »

I would recommend that any mortgage adviser reads the following FOS decision
http://www.ombudsman-decisions.org.uk/viewPDF.aspx?FileID=119641

It has to be one of the strangest decisions going but that is the world we live in.

That's absolutely laughable.

"They didn't want us to consolidate the card."

"well you should have done it anyway. However we agree the rest of the complaint is a load of crap"

Mkl79

Hi

Started my own thread with this question but someone suggested trying here,so here goes.
I am thinking of doing CeMap's and working towards becoming an independant broker but will obviously need some on the job experience,once qualified,with a company/brokerage first,the problem i have is my credit history is not perfect,no bankruptcy or ccj's but i am in a debt management plan the root of which was overstretching myself on a mortgage pre credit crunch. Would this be a minor stumbling block or a major hurdle,or even a complete non starter?
Any advice would be welcome,and apologies if this is the wrong place to ask.

ACG

Its probably not a non starter but its also not a minor issue. You could struggle to fine people prepared to take you on.

dunstonh

I am thinking of doing CeMap's and working towards becoming an independant broker but will obviously need some on the job experience,once qualified,with a company/brokerage first,the problem i have is my credit history is not perfect,no bankruptcy or ccj's but i am in a debt management plan the root of which was overstretching myself on a mortgage pre credit crunch. Would this be a minor stumbling block or a major hurdle,or even a complete non starter?

We employ advisers and credit standing is a hurdle. A debt management plan would be a no-go in our case. However, that is our choice. There are many that will think the same way but if you have enough positives to offset it, then you may have a chance. However, unqualified with no previous experience and no client bank means you are lacking on the most common requirements small firms look for.