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Mortgage Application- Nationwide
davemchol
Posts: 44 Forumite
Hi I have been approved with my initial application yesterday. The mortgage advisor sent and email confirming acceptance how the mortgage was a based on a 90% mortgage,however I rang their head office and they confirmed my LTV is 72.66%, just wondered if the mortgage advisor has done something wrong here?
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Comments
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The DIP will be based on what they are prepared to lend up to. So your LTV will give you access to better rates, but they will be prepared to loan you up to 90% LTV on somethng (but it will probably be at a different interest rate if you were to borrow that high).
Thanks!BR 08/04/09 | ED 02/10/09
| BSC 255
I made it through!Don't ignore a problem. Unlike a bad smell, it won't eventually go away.0 -
Someone has done something wrong. Why did you phone Head Office? Is your adviser not handling this matter for you?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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