We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
New mortgage lending criteria
Options
Comments
-
1st one was Coventry I think, 2nd was Accord.
He seemed to think because we have been approved by accord we would be ok santander.0 -
3 credit searches over a year - ignore my last comment about that, I thought it was 3 in a short space of time.
I dont think I would be touching Santander for this either.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, 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 -
Are you able to say why?0
-
Accord! Are you kidding? I wouldnt send those amateurs the most straight forward case in the world! Im not surprised you have been crying, the last time I used Accord I was too! Infact I go through a whole host of emotions with Accord - dread, anger, fear to name a few. I actively avoid them.
This is one for the other brokers, but are coventry any good for debts in the background? I always thought they were a bit mean on affordability?
Is your broker chasing rates rather than ensuring the job gets done?
Santander are not known for being easy to deal with, quick or lenient.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, 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 -
No not all, he was suggesting Santander as they have no survey fee and since we have paid out for 3 surveys so far he thought it would be best since this house has already been downvalued once, if santander downvalue it we won't have lost any more money. Plus we kept pushing for a 5year fixed rather then a 2 year.
We do just want the job done but we don't want to keep losing money and be stuck paying a ridiculous rate0 -
Accord! Are you kidding? I wouldnt send those amateurs the most straight forward case in the world! Im not surprised you have been crying, the last time I used Accord I was too! Infact I go through a whole host of emotions with Accord - dread, anger, fear to name a few. I actively avoid them.
.
Do I sense some hostility here??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 -
Surprisingly im over it... I just do not send them any business anymore and would rather lose the client than deal with them.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, 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
-
What lenders never grasp is they lose the deal but you may lose the client for life.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 -
The AIP has been approved for Santander. Broker said that before the news rules came in that Santander were a nightmare to deal with, but since the new rules etc they have been better
Fingers crossed for a good valuation.
NB I have heard alot of bad things about Accord, but only problem we had with them was the downvaluations, which was quite a big stumbling block really!0 -
A triumph of optimism over experience if he believes Santander are improving.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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards