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Mortgage broker - how many mistakes is normal?
Comments
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Georgiecoh wrote: »That's what the broker put on the application but its COMPLETELY wrong!
The actual figures are:
£124,995 - purchase price
£87,496.5 - Loan Amount (mortgage)
£37,498.5 - Deposit (30%)
I think she has entered someone else's details. I don't know how you can get it THAT wrong.
It may be a problem with the Nat West system.
It is possible for anyone to make an error keying in a figure but not a series of errors.
I have experience in the past of lenders systems corrupting inputted data.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 -
It may be a problem with the Nat West system.
It is possible for anyone to make an error keying in a figure but not a series of errors.
I have experience in the past of lenders systems corrupting inputted data.
really? That's what my broker said, I assumed she was trying to cover up her mistake,
Everything is fine now as I have just been accepted subject to valuation again! THANK G-D ! 2nd time lucky!0 -
There are numerous ways Lenders make brokers look like clowns when the matter is out of the brokers control.
Ask yourself, is youR broker really going to pick up the wrong file and input your name and address together with loan details from another client? Also keying a higher lending figure than purchase price?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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