Mortgage lender asking for more money

AW618

Crashy_Time said:

Love it when old "Debate" forum posters re-surface with new names, as if people can`t see straight through their posting style straight away. LOL.

I don't know who you think I am, but you are wrong.  Anyway, insead of trying to dodge the question and typing "LOL" are you willing to admit you've been wrong about a crash for a long period of time, and that even if one happens eventually you have hardly been clever in predicting it?  If you say Liverpool will win the league every year, eventually they will.
Now no dodging, no LOLing, is this true of you or not? Have you been wrong about a crash for at least six years?

Crashy_Time

AW618 said:

Crashy_Time said:

Love it when old "Debate" forum posters re-surface with new names, as if people can`t see straight through their posting style straight away. LOL.

I don't know who you think I am, but you are wrong.  Anyway, insead of trying to dodge the question and typing "LOL" are you willing to admit you've been wrong about a crash for a long period of time, and that even if one happens eventually you have hardly been clever in predicting it?  If you say Liverpool will win the league every year, eventually they will.
Now no dodging, no LOLing, is this true of you or not? Have you been wrong about a crash for at least six years?

I wasn`t talking about you. You seem very worked up that someone should consider house prices too high, can I ask why that is?

AW618

Crashy_Time said:

AW618 said:

Crashy_Time said:

Love it when old "Debate" forum posters re-surface with new names, as if people can`t see straight through their posting style straight away. LOL.

I don't know who you think I am, but you are wrong.  Anyway, insead of trying to dodge the question and typing "LOL" are you willing to admit you've been wrong about a crash for a long period of time, and that even if one happens eventually you have hardly been clever in predicting it?  If you say Liverpool will win the league every year, eventually they will.
Now no dodging, no LOLing, is this true of you or not? Have you been wrong about a crash for at least six years?

I wasn`t talking about you. You seem very worked up that someone should consider house prices too high, can I ask why that is?

I'm not, I consider they are too high.  However, I just want a straight answer from you.  Stop dodging.  Have you been wrong about a crash for six years?  It's a yes or no question.

AdrianC

AW618 said:

I'm not, I consider they are too high.  However, I just want a straight answer from you.  Stop dodging.  Have you been wrong about a crash for six years?  It's a yes or no question.

Oooh, that's an easy one to answer.

C_T has been consistently wrong about house prices "crashing" imminently for MANY, MANY times longer than that...

AW618

AdrianC said:

AW618 said:

I'm not, I consider they are too high.  However, I just want a straight answer from you.  Stop dodging.  Have you been wrong about a crash for six years?  It's a yes or no question.

Oooh, that's an easy one to answer.

C_T has been consistently wrong about house prices "crashing" imminently for MANY, MANY times longer than that...

I would rather see his answer.  I'll put the question to him again, have you been wrong about a crash for six years?  I don't have any evidence in front of me for what may have happened for more than six years, just cast iron evidence that he has been wrong for six years, so I don't want complicate my simple question.  I ask it knowing full well there is one, true, well documented answer just to see if he has the integrity or the courage to answer it instead of dodging desperately.

breaking_free

I am no expert but I too doubt the "she's already exchanged" part of this story. More likely is that she's been offered a decision in principle some time back for X amount, and now she's applied for the actual mortgage the amount the lender will give has been reduced.

This exact scenario happened to me back in 2015. I applied for a £200,000 mortgage on a £250,000 home and this was accepted in principle (AIP). After the building society's underwriter looked at the details I was only offered £191,000, so I had to come up with the additional £9,000 (bang went my furnishing and redecoration budget)! 

With an LTV of 65% I can't see you having any bumps in the road ahead. Good luck with your purchase.

greatcrested

OP has not returned, nor clarified the outstanding questions.

The 'debate' is simply food for the trolls- let it go!

Smodlet

AdrianC said:

AW618 said:

I'm not, I consider they are too high.  However, I just want a straight answer from you.  Stop dodging.  Have you been wrong about a crash for six years?  It's a yes or no question.

Oooh, that's an easy one to answer.

C_T has been consistently wrong about house prices "crashing" imminently for MANY, MANY times longer than that...

AW618, what AdrianC said.  I acknowledge I know very little compared to many of the posters on this board such as he but I know enough to take Crashy's posts with a huge pinch of not at all seriously.

csgohan4

if one predicts it will rain, they will be right.... eventually.

Covid 19 is not something one can predict, it may lead to house prices reducing, but not because of C_T long time predictions

AW618

Smodlet said:

AdrianC said:

AW618 said:

I'm not, I consider they are too high.  However, I just want a straight answer from you.  Stop dodging.  Have you been wrong about a crash for six years?  It's a yes or no question.

Oooh, that's an easy one to answer.

C_T has been consistently wrong about house prices "crashing" imminently for MANY, MANY times longer than that...

AW618, what AdrianC said.  I acknowledge I know very little compared to many of the posters on this board such as he but I know enough to take Crashy's posts with a huge pinch of not at all seriously.

I get that, the danger is people who don't know him might take one of his posts, seen in isolation, seriously.
The object of the question is that it should be put to him every time he posts.  He will try and change the subject, don't let him, ask it again. Then he runs away.  If everyone follows this course and doesn't get sidetracked eventually he will stop posting.