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Fees taken - Need advice please

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rachelemily1985
rachelemily1985 Posts: 7 Forumite
in Mortgages & endowments
Hi,

Wondered if anyone could please advise, we have applied for a mortgage with the Dudley building soceity and have been given a AIP. Due to my bad credit it went through a packager.

The valuation fees have been debited (Thurs), the application was sent Tues. So is this all going through ok? Or would they take fees without completing full application and could still possibly decline?

Thankyou for any help!

Comments

  • amnblog
    amnblog Posts: 12,730 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The deduction of fees from a card bears no relation to the progress or potential of an application.
    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.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    The valuer will be a 3rd party so needs to paid for.
  • kingstreet
    kingstreet Posts: 39,266 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    rachelemily1985 wrote: »
    we have applied for a mortgage with the Dudley building soceity and have been given a AIP. Due to my bad credit it went through a packager
    All Dudley applications go through a packager. They no longer accept business directly from borrowers, or directly from brokers.

    We submit ours via Solent.
    I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.
  • amnblog
    amnblog Posts: 12,730 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Not used SMS since before the 'ice age' KS.

    How do you find them nowadays?
    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.
  • kingstreet
    kingstreet Posts: 39,266 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 16 August 2014 at 9:37AM
    amnblog wrote: »
    Not used SMS since before the 'ice age' KS.

    How do you find them nowadays?
    Not bad.

    Used Complete for a couple and weren't impressed, so did the last two with SMS.

    Still find ourselves wondering what they "bring to the party" as every issue we ended up dealing with Dudley UW. TBH one applicant had been victim of ID fraud - recent PDL & default on an address he'd moved out of years earlier, so perhaps not a lot SMS could add.

    App to offer was 23 days for one and 30 for the ID case.
    I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.
  • amnblog
    amnblog Posts: 12,730 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You and I know, they bring access to the product. Nothing else.

    We have used Complete, Brightstar, Atom, and Platinum Options in recent years.

    Whenever we can we go direct to Lender as we find it easier.
    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.
  • ACG
    ACG Posts: 24,593 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    I use complete, Brightstar and Platinum too. I dont think they really bring much. If anything I tend to find more work is needed using a packager than going direct as they seem to dot every I and cross every T even if the underwriters do not need it for that case.

    I do like brightstar though, I get the impression their people are on commission on completed cases so they tend to get things through without too much chasing.
    I am a Mortgage Adviser
    You 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.
This discussion has been closed.
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