We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mortgage Broker applied for the wrong mortgage
Options
Comments
-
saw Nationwide and heart sank
The broker has cocked up here - Nationwide is the wrong lender for this type of transaction - they used to do guarantors but not sure if they still do as can't find anything on the broker portal for it and google search brings up articles that are out of date.I am a Mortgage Adviser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.0 -
My broker has confirmed with nationwide 3 times that all is correct, I called Nationwide today to see if they could send over confirmation to my solicitor today and they said it will take them 3 days to reply - so I will miss exchange tomorrow as the paperwork won't come through until Friday.
I worry that if this takes any longer I will be gazumped... Neither I or the seller are in a chain and it's taken 4 months already0 -
How did you know what part of the mighty Nationwide organisation to call and do you have a note of your M number?
It's 0800 302011 by the way...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.0 -
Honestly I don't believe nationwide do joint mortgage sole proprietor or I have certainly not heard that they do it.
I wouldn't usually say to go behind a brokers back to check something but I would phone them without disclosing your m number as an enquiry and ask them 'do you offer mortgages that are joint mortgage, sole proprietor'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.0 -
My broker just emailed to say it was the wrong mortgage, he agreed to refund my fee - but what can I do about all the money I've spent on fees and searches? I'm out of pocket if i pull out with the estate agent fee and I cannot afford higher stamp duty on the property0
-
Use a lender which does offer JBSP?Lauren5454 wrote: »My broker just emailed to say it was the wrong mortgage, he agreed to refund my fee - but what can I do about all the money I've spent on fees and searches? I'm out of pocket if i pull out with the estate agent fee and I cannot afford higher stamp duty on the property
There are about a dozen by now, IIRC.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.0 -
change broker and choose a lender who does the type of mortgage you want.
I have two going through and they are high street lenders that do it - you just need the right broker and fastI 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.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards