Mortgage Offer pulled at last minute

Joe66

I do not have the papers with me, but they were offering a fixed rate of 6%plus for 2 years

Dan_Collins_2

The broker would earn a nice amount of £££££'s for your mortgage so I would imagine he would do what he can for you.

Lenders are a real pain at the mo, different story from different underwriters so he may not be pulling your plonker!

it is a large amount of money with lightish adverse in a twitchy market. We are finding that many lenders, even prime are being careful with large loans over 75% - 80% LTV.

Have a look at the mortgage works. Max loans are 750k and up to 90% I believe. They seem to fall under the radar but being owned by the biggest balance sheet lender in the country (Nationwide) they lend with common sense, well a bit. They use affordability.

I dont think you can go direct but may be worth asking your broker to look in to it.

Good luck however you go forward.

Joe66

Thanks for this, I'll see if I can get another broker to pursue this and any other route for me.

I have been reading through other threads and one comment I would like to make, is that I had an agreement in principle before we backed up all required information with evidence like many others on these forums as it clearly saves time and disappointment. However, it just goes to show that even with an agreement in principle provided, even if you can evidence everything they have provided the agreement in principle against, they can still decide at the last minute to cahnge their minds.

Lesson learnt in notjing in the bag until you recieve the signed offer!

Thanks to all for their comments so far

Dan_Collins_2

AIP's, DIP's or whatever you call them are not really worth anything!