Mortgage broker - ask me anything

CLJ2986

K_S said:

@clj2986 Assuming the gift is only for stamp duty, solicitor fees, etc, it shouldn't have anything to do with the lender. The sols will have been doing their AML checks.

Thank you. Its been super stressful getting this far and we're so close I'm just worrying about everything now. But yes, the gift is pretty much gone now, we've paid our broker fees, valuation fees etc and day to day living as maternity doesn't come close to my usual income 🤣 thank you again. 

greenpanda

We are porting our Santander mortgage to our new home but won't complete on the same day as our sale. Unfortunately we also have the complication of using different solicitors of our sale and purchase (long story!). What should we ask our sale solicitor to do for the redemption statement? Is it redemmed and then transferred? 

RJM90

Hi, hoping someone could help.

I have applied for a mortgage with Santander and the application is currently with the underwriters. It is a two year fix with no fee at 3.3% (90% LTV).

As of today I was aware they updated there mortgage offers and now their two year fix with no fee is 3.1% (90% LTV) and includes £250 cash back. This works out at a saving of around £538 over the course of the two years. 

I was wondering, if the underwriters approve my application, will they update me to this mortgage or will I have to reapply? Obviously the mortgage offer I applied for has been replaced by this cheaper one.

Thanks in advance!

K_S

RJM90 said:

Hi, hoping someone could help.

I have applied for a mortgage with Santander and the application is currently with the underwriters. It is a two year fix with no fee at 3.3% (90% LTV).

As of today I was aware they updated there mortgage offers and now their two year fix with no fee is 3.1% (90% LTV) and includes £250 cash back. This works out at a saving of around £538 over the course of the two years. 

I was wondering, if the underwriters approve my application, will they update me to this mortgage or will I have to reapply? Obviously the mortgage offer I applied for has been replaced by this cheaper one.

Thanks in advance!

@rjm90 I don't know how it works direct so whatever I say below is for broker apps.

The application is for a specific product so when it goes to offer that will be for the specific product that you applied for. To change the product on the offer, I put a message on the case with the new products details and Santander will then look to amend the product and re-issue a fresh offer.

RJM90

K_S said:

RJM90 said:

Hi, hoping someone could help.

I have applied for a mortgage with Santander and the application is currently with the underwriters. It is a two year fix with no fee at 3.3% (90% LTV).

As of today I was aware they updated there mortgage offers and now their two year fix with no fee is 3.1% (90% LTV) and includes £250 cash back. This works out at a saving of around £538 over the course of the two years. 

I was wondering, if the underwriters approve my application, will they update me to this mortgage or will I have to reapply? Obviously the mortgage offer I applied for has been replaced by this cheaper one.

Thanks in advance!

@rjm90 I don't know how it works direct so whatever I say below is for broker apps.

The application is for a specific product so when it goes to offer that will be for the specific product that you applied for. To change the product on the offer, I put a message on the case with the new products details and Santander will then look to amend the product and re-issue a fresh offer.

Thank you. Can this become a long drawn out process?

K_S

RJM90 said:

K_S said:

RJM90 said:

Hi, hoping someone could help.

I have applied for a mortgage with Santander and the application is currently with the underwriters. It is a two year fix with no fee at 3.3% (90% LTV).

As of today I was aware they updated there mortgage offers and now their two year fix with no fee is 3.1% (90% LTV) and includes £250 cash back. This works out at a saving of around £538 over the course of the two years. 

I was wondering, if the underwriters approve my application, will they update me to this mortgage or will I have to reapply? Obviously the mortgage offer I applied for has been replaced by this cheaper one.

Thanks in advance!

@rjm90 I don't know how it works direct so whatever I say below is for broker apps.

The application is for a specific product so when it goes to offer that will be for the specific product that you applied for. To change the product on the offer, I put a message on the case with the new products details and Santander will then look to amend the product and re-issue a fresh offer.

Thank you. Can this become a long drawn out process?

@rjm90 No guarantees unfortunately, and it may come through quicker, but I would tell the client to expect it to take a week or two.

You should just give them a call and see what the direct process is. It might be as easy or easier to do it while the application is in-flight.

disneydreamer1985

Currently waiting on Bluestone for our mortgage offer; we are at underwriting stage. I have scoured the Internet but not found anyone to say they have been knocked back once at this point. Broker says 99% certain will get offer only because he’s not allowed to say 100%.

Have any advisors seen any declines from bluestone at this stage?

RJM90

K_S said:

RJM90 said:

K_S said:

RJM90 said:

Hi, hoping someone could help.

I have applied for a mortgage with Santander and the application is currently with the underwriters. It is a two year fix with no fee at 3.3% (90% LTV).

As of today I was aware they updated there mortgage offers and now their two year fix with no fee is 3.1% (90% LTV) and includes £250 cash back. This works out at a saving of around £538 over the course of the two years. 

I was wondering, if the underwriters approve my application, will they update me to this mortgage or will I have to reapply? Obviously the mortgage offer I applied for has been replaced by this cheaper one.

Thanks in advance!

@rjm90 I don't know how it works direct so whatever I say below is for broker apps.

The application is for a specific product so when it goes to offer that will be for the specific product that you applied for. To change the product on the offer, I put a message on the case with the new products details and Santander will then look to amend the product and re-issue a fresh offer.

Thank you. Can this become a long drawn out process?

@rjm90 No guarantees unfortunately, and it may come through quicker, but I would tell the client to expect it to take a week or two.

You should just give them a call and see what the direct process is. It might be as easy or easier to do it while the application is in-flight.

Thank you. If anyone is following with interest, I reached out and they asked me to simply put a note in the application and they would switch to the new product. They explained there would be no delay.

Thanks for your help!

ahmjt

ahmjt said:

Hi forum,
I would like some advice from the brokers here.
* MAR 2020 - I received a letter from HSBC that "my" application for bank account was denied. As I did not apply for any account with HSBC, I contacted the bank informing this.
* MAY 1 - 2020 - HSBC response received - their conclusion is it was a fraudulent  use of my identity. HSBC put a marker on CIFAS for my protection. If required I could contact HSBC to get CIFAS marker removed.
* OCT 2020 - Tried to apply for a FTB mortgage. After 6 weeks of application, informed by my broker that due to a National Hunter (NH) marker, YBS (Lender) will not be able to provide the mortgage. Never heard of National Hunter before this. My mortgage broker advised me to resolve CIFAS and NH markers before applying for any mortgage.
* FEB 2020 - Subject access request from CIFAS and NH received. CIFAS has marker as 'victim of ID impersonation'. NH has 'refer' status by HSBC for the fraudulent application.
* FEB 2020 - Requested HSBC to remove the markers. In addition, requested HSBC to cover the cost of 1000 for mortgage solicitor and house survey which I already spent.
* APR 2020 - HSBC  response received and declined to remove CIFAs and NH marker, and also declined to pay the amount requested.
Since then, I have tried to chat with 3 mortgage brokers. I  have been finding very hard to get answers from brokers at the moment.
ACCORDING TO BROKER
BROKER 1: CIFAS and NH markers are there for my own protection but I have the evidence from HSBC stating I am the victim, so I should be able to apply for mortgage without any issue. The lender may ask additional documents like copy of ID notorised in the presence of lawyer. 
BROKER 2: Strongly advised me get markers removed first, and if required to forward to Financial Ombudsmen (FOS). I can still apply for mortgages but will have to inform the broker at the very beginning with the HSBC issue.
BROKER 3: waiting for response.
Just to keep updated, I recently requested another copy of CIFAs and NH report.
Mar 2021 - CIFAS report same as Feb 2020. Latest NH report has 'inconsistency' entries provided by YBS. Previous 'refer' markers are also present - as expected.
The 'inconsistency' makers by YBS are against job, current address etc. 
The fraud:
My name, address, DOB used.
A different email, mobile, different work place, salary amount are used.
QUESTION/HELP:
I would like to get some clarity on what I can do. I have applied to FOS for the HSBC issue, do I need to also apply for the YBS 'inconsistency'? Can I or can I not apply for mortgage? I am lost and would really appreciate your help.

ahmjt  

Hi. I am just wondering if my question is not on the right forum or not stated in correct format.

Shmjt

K_S

@ahmjt You might be best off posting on the credit-file boards.