Mortgage problems

KeithLe

Wh05apk wrote: »

If you are adamant that you asked for and wanted 15% then complain to the advisor, and ask them to get the offer changed free of charge.

I have done, but when they tried to find me an alternative I fail the credit score check. So I'm back to square 1, I have to pay £200 to get the offer I want for somebody else's mix up.

Wh05apk

KeithLe wrote: »

I have done, but when they tried to find me an alternative I fail the credit score check. So I'm back to square 1, I have to pay £200 to get the offer I want for somebody else's mix up.

You should just be able to reduce the offer from 90 to 85%, it may be the term had to be increased to fit affordability, but there shouldn't be a charge for this.

KeithLe

Wh05apk wrote: »

You should just be able to reduce the offer from 90 to 85%, it may be the term had to be increased to fit affordability, but there shouldn't be a charge for this.

I thought the same. So it's came to a standstill. Just hope it doesn't fall through over £200. Would happily pay it if it was my mistake but why should I.. I was clear from the start what I wanted to pay and it was agreed.

DebtFree14_2

Im surprised its got to this point. The Mortgage broker would get a fee regardless of which product he gets you. Did you get an illustration for a 10% deposit and 35 year mortgage? If you didn't then its certainly not what you wanted or discussed and the advisor should change it because he's at fault. If you have illustrations for both then its your word against his. Do not get bullied by him. If he is truly in the wrong stand your ground!!!

Swampy3k

If you can't get the deal changed then just take the 10% deal and make overpayments to the mortgage and review it in a few years for better deals anyway...?

KeithLe

DebtFree14 wrote: »

Im surprised its got to this point. The Mortgage broker would get a fee regardless of which product he gets you. Did you get an illustration for a 10% deposit and 35 year mortgage? If you didn't then its certainly not what you wanted or discussed and the advisor should change it because he's at fault. If you have illustrations for both then its your word against his. Do not get bullied by him. If he is truly in the wrong stand your ground!!!

I got an illustration for 15% over 25,30 and 35 years. They gave me them all to have a look at, and think about what deal I wanted. I was always clear I wanted 15% over 25years. When I went back to my advisor I told him clearly what I wanted. A week later I got the letter from the lender with 10% over 35 years.i emailed my advisor as soon as I recieved the letter from the lender.my advisor replied and said it was a mistake and they would sort it. Then a week later got an email saying I would have to pay £200 admin fee to change it. The reason being my advisor had to apply for it at 10% over 35 years to see affordability... No way will I be bullied in to paying it, I just didn't know if this was a normal fee or if somebody is taking the !!!!.

KeithLe

Davie-G wrote: »

If you can't get the deal changed then just take the 10% deal and make overpayments to the mortgage and review it in a few years for better deals anyway...?

But will this not mean im paying a higher interest rate untill it comes to reviewing it?