Self Certification scandal

dunstonh

The BBC radio article last week didnt seem to know what he was talking about. One minute minute it was self cert, then sub prime then buy to let and back and forth between them as if they were all the same thing.

Pobby

I spoke to a friens who has a mortgage brokerage in the USA.Over there,lie-to-buy goes on.Interestingly,her business right now is doing about zilch.People are coming forward to apply for mortgages but the lenders,due to fear,are very reluctant to approve the application!

Dan_Collins_2

chriseast wrote: »

I'm trying to work out whether being accused of being a BBC plant is better than a liar. Self declaration is what he was talking about and this was only last week. No excuses for not being fully aware of my circumstances as I have met with him once and phoned him three times as I simply couldn't believe what he was telling me. Presumably you are not taking me up on the broker details then?

Sorry Chriseast that was a bit of tongue and cheek, I know you are not a plant and I am not calling you a liar! I was just saying that it sounds fishy. I do not know of a lender that does this. All lenders that I use or have used want a salary or net profit or income declared. Also they will normally need business type or salary details. I guess he is telling fibs without you knowing and I am not in the habot of trying to catch people out. Thing is, if he is quiet as some brokers are at the moment he may have to do the business to pay his own mortgage! Not saying its right, thats not my kind of business but we dont know his situation.

Not sure in what direction I going with this now, lets put it to bed! :beer: