Skipton's Mortgage Nightmare

nikki2804

I used Skipton for my mortgage (well my broker arranged it), it was a lengthy process, seems the underwriter got a tad confused between English and Scottish property buying but all in all they were a good company to deal with. Straightforward process and I got a good deal interest rate wise.

Let_Us_See

Halude wrote: »

I have bought a house through W H Brown estate agent, they told me the best deal at the moment was through Skiptons building society, in this deal we was told we get a "free" survey on the property.

This was your first major mistake, but one made by thousands every year.

Never, ever use estate agents' in-house advisers as they have a vested interest in divesting as much money from you as possible - mortgage, surveyor and solicitor fees. Find your own adviser and ensure they only have one master - you!

Kazza_Monkey

Let_Us_See wrote: »

This was your first major mistake, but one made by thousands every year.

Never, ever use estate agents' in-house advisers as they have a vested interest in divesting as much money from you as possible - mortgage, surveyor and solicitor fees. Find your own adviser and ensure they only have one master - you!

I Second this The Estate Agent we are buying a house from wanted us to use their in house mortgage advisor. I looked at the small print at the bottom of their paper work and they want to charge 1% of the amount borrowed so in my case £1510.00 absolute robbery!!! always seek an independant broker if yu are going to use one.

Halude

Oh Believe me, ive learned alot from this process and will pass on my experience in the house buying process,

as the saying goes, learn from your mistakes, oh and i have,

Ive taken it under my own wing now, im controlling how its going to work organised my own surveyor and my own solicitor who has been recommended to me by a good friend,

I have learned that there might be a few brown Envelopes flying around but i cant prove it, but i can image it happening,

kingstreet

There don't have to be brown envelopes.

They get referral fees and are targeted an paid commission on ancillary sales, such as mortgages, insurance, conveyancing, surveys the lot.

Halude

at the moment there trying to push onto me through them, house insurance, which i have already looked into and can get it way cheaper, and life insurance, again which i can get cheaper,

Once bitten, you question everything,

Thrugelmir

Halude wrote: »

Ive taken it under my own wing now, im controlling how its going to work organised my own surveyor and my own solicitor who has been recommended to me by a good friend,

Solicitor also represent the lender. If they are not on the lenders panel then it won''t be acceptable to them.

DIY will cost you more in some form or another that's one certainty.

GolfFoxtrot

Dave_Ham wrote: »

Echo above, I like Skipton too and they are easy to deal with but......

.... to be fair on average in the last 18 months, I have seen more issues and requests come after their valuations more than the average lender.

May just be coincidence but hey ho

They've asked me for more info including an electrical and damp proof report

Thrugelmir

GolfFoxtrot wrote: »

They've asked me for more info including an electrical and damp proof report

Would you buy a used car without a mechanical inspection or warranty?

ACG

GolfFoxtrot wrote: »

They've asked me for more info including an electrical and damp proof report

Again, this is the surveyor not the lender.