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Kessington AIP accepted then declined. Help please

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Comments

  • csgohan4
    csgohan4 Posts: 10,602 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 18 October 2017 at 7:01AM
    Change your broker, I would have lost my confidence in him with not 1 but 2 mistakes!!! plus credit file footprints


    Is it a free broker by any chance, please tell me it's not an estate agent one?
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • SherriO
    SherriO Posts: 25 Forumite
    It is the builders recommended broker unfortunately! Do we go directly or use an independent broker?
  • SherriO
    SherriO Posts: 25 Forumite
    Is it too late to use another like you said with all the footprints. He previously tried Halifax then kessington now precise! My husband is considering going to Halifax face face as he banks with them. Is that wise? He has a ccj over 2 years old.
  • csgohan4
    csgohan4 Posts: 10,602 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    always use an independent broker, the builder is getting commission for getting you to use their own broker.


    given your history with adverse credit, best to use one that deals with such, but they do not come cheap however. As you can see the current broker has no clue about adverse credit and just carpet bombing any lender
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • ACG
    ACG Posts: 24,889 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    This broker has opened themselves up to a complaint - their mistake is possibly going to cost you more on your repayments OR mean you can not get a Mortgage at all.

    Have they tried extending the term? That can sometimes help affordability.
    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.
  • kingstreet
    kingstreet Posts: 39,436 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    csgohan4 wrote: »
    the builder is getting commission for getting you to use their own broker
    Not the case most of the time...

    We're newbuild specialists and we pay nothing. We simply have to turn around business a lot faster and be available 24/7.

    We also charge no fee on newbuild introduced cases and have access to newbuild specialist products from several lenders, including 85% to 95% with Halifax.
    I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.
  • csgohan4
    csgohan4 Posts: 10,602 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    kingstreet wrote: »
    Not the case most of the time...

    We're newbuild specialists and we pay nothing. We simply have to turn around business a lot faster and be available 24/7.

    We also charge no fee on newbuild introduced cases and have access to newbuild specialist products from several lenders, including 85% to 95% with Halifax.



    Present company excluded :)
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • SherriO
    SherriO Posts: 25 Forumite
    Than you guys. He got an AIP with precise with the right amount. He will be putting the application in this week. Fingers crossed.
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