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Broker said there wasn't a snowballs chance

2

Comments

  • hoops77
    hoops77 Posts: 63 Forumite
    Not only are the reducing our mortgage and paying our creditors.
    There getting £3500 early redemption fee
    Were going from half intrest half repayment, new mortgage is full repayment.
  • Funny_old_game
    Funny_old_game Posts: 180 Forumite
    Unfortunately this will go through. Porting a decrease and improving yours and lenders position irrespective of adverse will more often than not be agreed.
  • breakingbad
    breakingbad Posts: 131
    Part of the Furniture
    Forumite
    Why unfortunately?
  • Thrugelmir
    Thrugelmir Posts: 89,546
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Forumite
    garmcqui wrote: »
    Why unfortunately?

    I agree. A strange comment. More so as the taxpayer has a sizable stake in the lender.
  • hoops77
    hoops77 Posts: 63 Forumite
    Also find the comment odd also?
    Using my equity to move to a bigger house,pay my debts and reduce my mortgage.
    What's wrong with that?
  • Funny_old_game
    Funny_old_game Posts: 180 Forumite
    Predictive text, sorry. This should be a no brainer for the lender.

    Enjoy your offer.
  • Kirstyb1987
    Kirstyb1987 Posts: 282 Forumite
    If it does go through and I hope it will I would give the mortgage brokers a nice little courtesy call :-) good luck!
  • amnblog
    amnblog Posts: 12,791
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Forumite
    Sounds like that Brokers you found have little or no experience with Adverse credit.

    Similarly, we had a client today with 4 months mortgage arrears who have been submitted to our Spanish Friends by an incompetent broker.
    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.
  • hoops77
    hoops77 Posts: 63 Forumite
    Just a quick update, halifax have contacted my wife's work to check her salary and the account numbers of the creditors we intend to pay.
    Seems like a good sign?
  • hoops77
    hoops77 Posts: 63 Forumite
    amnblog wrote: »
    Sounds like that Brokers you found have little or no experience with Adverse credit.

    Similarly, we had a client today with 4 months mortgage arrears who have been submitted to our Spanish Friends by an incompetent broker.

    Both of them had over 20 years experience
This discussion has been closed.
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