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Raising money against property.

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Comments

  • keith7517
    keith7517 Posts: 3 Newbie
    Thank you all for your replies.
  • offatatangent
    offatatangent Posts: 4 Newbie
    edited 19 August 2015 at 1:53PM
    I have been offered a re-mortgage through Nationwide based purely on rental income,at a rate I'm happy to accept.This is thanks to a mortgage advisor who gives good advice.
    Unfortunately i appear to have been given bad advice by the company endorsed/promoted by this website.That company being London & Country.
    I needed a re-mortgage based on rental income only.London & Country took £350 from me to put me in touch with BM Solutions,formerly Birmingham Midshires I think.Some time later I was contacted by my advisor at London & Country who told me BM Solutions had refused the application due to my low income.
    I didn't even get a valuation for my £350.
    The advisor who got me the mortgage suggested that BM Solutions were possibly the least appropriate choice for what I needed.
    Sorry about the two different user names.I must have joined,forgotten and then joined again.
  • DCFC79
    DCFC79 Posts: 40,644 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 19 August 2015 at 3:10PM
    offatatangent wrote: »
    I have been offered a re-mortgage through Nationwide based purely on rental income,at a rate I'm happy to accept.This is thanks to a mortgage advisor who gives good advice.
    Unfortunately i appear to have been given bad advice by the company endorsed/promoted by this website.That company being London & Country.
    I needed a re-mortgage based on rental income only.London & Country took £350 from me to put me in touch with BM Solutions,formerly Birmingham Midshires I think.Some time later I was contacted by my advisor at London & Country who told me BM Solutions had refused the application due to my low income.
    I didn't even get a valuation for my £350.
    The advisor who got me the mortgage suggested that BM Solutions were possibly the least appropriate choice for what I needed.
    Sorry about the two different user names.I must have joined,forgotten and then joined again.

    Could have chosen the forgotten password option to prevent any confusion.

    I take it your the original OP ?

    As for the problems you have faced onatangent/keith I cant help but someone more knowledgeable will be able to help.
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    London & Country is not endorsed or promoted by MSE.
  • tomtontom
    tomtontom Posts: 7,929 Forumite
    Pixie5740 wrote: »
    London & Country is not endorsed or promoted by MSE.

    They do recommend them in the lending guide, and they have a nice little affiliate link through to their website - sounds like promotion to me.
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