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Post office as a lender

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Comments

  • amnblog
    amnblog Posts: 12,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Everything changes next Saturday.
    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.
  • callmechar
    callmechar Posts: 627 Forumite
    I never went with a mortgage adviser either. I just applied direct to the Post Office
  • Alphamare
    Alphamare Posts: 701 Forumite
    amnblog wrote: »
    Everything changes next Saturday.

    Can you elaborate please
    If you dont know where you are going... Any road will take you there :rotfl:
  • makeitstop
    makeitstop Posts: 295 Forumite
    Alphamare wrote: »
    Can you elaborate please


    He means the new MMR regulations come into force, meaning that you'll have to be fully advised on your potential borrowing.
  • amnblog
    amnblog Posts: 12,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Correct

    Have fun
    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.
  • Alphamare
    Alphamare Posts: 701 Forumite
    What does that mean, fully advised?
    If you dont know where you are going... Any road will take you there :rotfl:
  • Yorkie1
    Yorkie1 Posts: 12,269 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    At the moment, a non-advised product means that the lender hasn't checked whether it's the most suitable for the borrower's circumstances, and carries no responsibility (other than for misdescription for the borrower's decision to take out the product). Advised means that those checks have been done, and that the lender therefore carries responsibility for selling the correct product.
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