Which Lender

Maz2003

Hi
I am using a mortgage to buy a property. It's the first time in around 15 years as I have bought flats with cash outright. I am however know looking to buy a family home with my partner.
Our credit is not perfect but in terms of monetary scores Experian seems to give us each a higher one.
Is there any lender that seems easier to get approval over another? My partner suffers from anxiety and already he is stressed out. I would like to go directly to the financial institution that is most likely to approve us even if it's more expensive as he will not tolerate speaking to a broker due to a fairly horrendous experience with one. TIA

glosoli

It really doesn't matter about the scores, what specifically is bad about your credit that is giving you concerns? Late payments? Defaults? Bankruptcy?

When did it happen?

ACG

As above, scores are worthless.

It is all to do with what is on your credit report and who with. The devil is in the detail when it comes to these things.

David_White

Maz2003 wrote: »

I would like to go directly to the financial institution that is most likely to approve us even if it's more expensive

Whilst I understand you've had a bad experience in the past the above is the exact thing a mortgage broker would/could do for you.

Wouldn't you rather get advice from someone qualified after they've fully assessed your needs rather than take the word of some anonymous poster on a forum? It's a huge decision after all.

soh0249

It really is advisable to go with a broker, you can even deal with them over the phone if your partner is concerned about meeting face to face. Also, in my own personal experience I made the mistake of not going with a broker and just searching the criteria myself which led to us being disappointed. We then went to a mortgage broker who (hopefully) has helped us through the whole process and our mortgage will be signed off in the next couple of days. I just wish I had gone to one in the first place!

Maz2003

Thanks all. I will try to persuade him to think about the broker route

amnblog

Your post suggests any problems with a broker were over 15 years ago.


Since that time, mortgage broking has become a regulated occupation.


Its a new world.