BTL Remortgage - not an easy one!

socrates

I am not looking to enter into a debate but I think the fact that I have asked to be messaged in private does not break any rules.


Mortgage Advisers should not tout for business on the boards or in PMs. There should be no posts or unsolicited PMs offering mortgage adviser services. Nor should advisers ever say ‘see my profile for who I work for’ or make any other such comment.

However if a user requests their service either via PM or forum post then I have no objection to that and the business generated. Yet if someone requests the service by a post on the board, the broker should simply post to say “I will PM you” rather than posting details there.

Any mortgage adviser found to be flouting this ‘no touting’ rule will potentially lose their rights to post on the forum (PPR). This applies whether the adviser is using a signature or not.

herbiesjp

Apologies then if I have misunderstood the code

I thought there was a long similar thread a while ago, and seemed to recall that was the outcome :beer:

socrates

no probs - and I appreciate all yours and others help thus far. Just want to structure some deals next week!

socrates

you really get some good advice on here - thanks!

socrates

Well after much talking on the phone today here is the best offer so far - Scottish Widows - 6.45% fixed for two years - arrangement fee £599 per property, mortgage valuation £200 per property - £300 contribution by SW to each property for legal fees.

Good thing also they work on only 100% of rent to loan if that makes sense.

Very bad thing is and this does not bode well for the short term for any one re-mortgaging my payments have been c.£2200 pm they are going up to £2850 pm and the rents have not budged in two years.

somehow I would feel more comfortable with a tracker but that type of deal has not presented itself thus far.