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Mortgage broker - ask me anything

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Comments

  • AnnaLMLH
    AnnaLMLH Posts: 207 Forumite
    Ninth Anniversary 100 Posts Name Dropper Combo Breaker
    Hi whats the process and rough timescales on a leeds building society mortgage ltv 75% please the new house is a new build
    DFBXMAS15 £6600/£6600 100% #143

  • K_S
    K_S Posts: 6,893 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    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.

    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. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

  • Rosabear
    Rosabear Posts: 26 Forumite
    Third Anniversary 10 Posts
    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
    K_S Posts: 6,893 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    edited 5 August 2021 at 9:17AM
    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.

    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. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

  • Rosabear
    Rosabear Posts: 26 Forumite
    Third Anniversary 10 Posts
    Oh that's great news. Thanks so much.
  • laurent22
    laurent22 Posts: 13 Forumite
    10 Posts Name Dropper
    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
    K_S Posts: 6,893 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    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.

    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. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    100 Posts Name Dropper
    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
    BuckfastLover Posts: 12 Forumite
    Second Anniversary 10 Posts Name Dropper
    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
    K_S Posts: 6,893 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    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/

    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. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

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