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With Underwriter. Apply elsewhere?
Comments
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amnblog - no. It was a mix-up at home that caused us to call them directly.
Should I not wait to hear why first?Just have a little faith0 -
amnblog - no. It was a mix-up at home that caused us to call them directly.
Should I not wait to hear why first?
Call your broker and fess up about the mix 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 -
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I spoke to them and queried if I can rent it out and they advised I can for 12 months.Just have a little faith0
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What will you do after 12 months?
How much do you owe on the mortgage? What is the property worth? How much rent are you expecting per month?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 -
GMS - it's worth £120k. I have 100k interest only, payments are £140 pm and expected rent is roughly £700.
After 12months will either sell, or ideally get a b2l mortgage.Just have a little faith0 -
Did your lender advise of any interest loading?0
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They just said as long as rent covers it it shouldn't be a problem. Is that likely to be true?Just have a little faith0
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Cov just called. Green light.
With the risk of being shouted at
I spoke with L&C this morning and advised of the situation and a quick check came back showing santander (my bank) would work out a little bit cheaper. Worth the risk of applying with them now (through L&C) or could that impact our agreed Coventry mortgage? Just have a little faith0 -
As I understand it, you have gone to Coventry for a residential deal.
You have a current mortgage on another property which is not let out but you intend to keep it, get consent to let, and let it - is that the case?
Have you told L&C this?
Also have you told them you have approached Coventry?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
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