Mortgage broker - ask me anything

AnnaLMLH

Hi whats the process and rough timescales on a leeds building society mortgage ltv 75% please the new house is a new build

K_S

AnnaLMLH said:

Hi whats the process and rough timescales on a leeds building society mortgage ltv 75% please the new house is a new build

@annalmlh You can see the average service levels here. https://www.leedsbuildingsociety.co.uk/intermediaries/service-status/

The process is similar to other mainstream lenders.

Rosabear

Hiya, how easy is it to switch Natwest mortgage products through a broker after they've approved the mortgage? I've noticed a considerable drop in rates since we applied. 

K_S

Rosabear said:

Hiya, how easy is it to switch Natwest mortgage products through a broker after they've approved the mortgage? I've noticed a considerable drop in rates since we applied. 

@rosabear Generally speaking, very straightforward. One phone call and 2-3 working days for the new offer to be issued, the couple of times I did this over the past month.

Rosabear

Oh that's great news. Thanks so much.

laurent22

Morning,

I am currently living in a Rent to Own property (Wales) and am struggling to find a mortgage company that accepts the scheme.  Are you aware of any lenders who accept the scheme please? 

K_S

laurent22 said:

Morning,

I am currently living in a Rent to Own property (Wales) and am struggling to find a mortgage company that accepts the scheme.  Are you aware of any lenders who accept the scheme please? 

@laurent22 Sorry I have no idea. Might be worth speaking to your neighbours who've done this. Or a local broker in the area who is likely to have come across clients in your position.

[Deleted User]

any info appreciated 80% ltv

application submitted 2nd,
 soft searches and id search on the second

hard search on the 3rd experian
 declartion signed the 3rd

extra pay slip required showing bonus going in previous year 3rd

which was provided that day

what happens now? 

BuckfastLover

Just found out Nationwide has an 'over exposed list' for new build, and the new build I've reserved is on the list. This is such a bummer as I was planning to go with Nationwide for my mortgage.
Does any other lender have this 'list' or is it a Nationwide's thing?

K_S

BuckfastLover said:

Just found out Nationwide has an 'over exposed list' for new build, and the new build I've reserved is on the list. This is such a bummer as I was planning to go with Nationwide for my mortgage.
Does any other lender have this 'list' or is it a Nationwide's thing?

@BuckfastLover This isn't limited to Nationwide. https://www.mortgagesolutions.co.uk/your-community/2017/01/18/overcoming-lender-single-building-overexposure-marketwatch/