Melton Mowbray

Hi

Just wondered if anybody has had a mortgage through Melton Mowbray BS and if so how the application went?

One for the brokers, is the decision in principle from MMBS reliable?

Thanks in advance for any help!

Newby

Comments

  • ACG
    ACG Posts: 24,439 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    I called them twice for a self build. I spoke to the same person both times, he was rude and unhelpful. So I never went any further.

    Do you have a broker?
    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.
  • No not at the moment. Spoke to a couple but they couldn't help.

    We are looking for a 95% LTV on a shared ownership property. The big hurdle has been the fact that my wife had an IVA in the past (settled May 2012).

    Before giving up I done some research and I could see that the criteria for Melton was that they would consider IVA after 4 years.

    Have a mortgage in principle and now going through full application. Just wondered how reliable the mortgage in principle is.

    Joint Salary - 58k
    5% deposit on 40% share (full price £290000)
    Mortgage required £110000

    We did plan on saving longer for a bigger deposit but this house came up and it would be our dream home. Plus got married a few months ago and that was bloody expensive...
  • amnblog
    amnblog Posts: 12,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Melton are tricky when we use them, but can be effective. Be patient, and good luck with it.
    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.
  • Thanks for the feedback it's appreciated.

    I think I must have read every mortgage thread on these forums over the last week or so trying to put my mind at ease.

    Our advisor has been nothing but helpful so fingers crossed.
  • did you end up getting a mortgage offer through Melton?
    I submitted a full application last week (via broker) and still haven't heard a thing!
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