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First Direct Mortgage Porting problems
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GuruJC
Posts: 4 Newbie
Looks like we managed to miss all the clues that our mortgage wouldn't get ported, and FD are digging in their heels and not admitting that all the information was not available.
We got agreement in principal to port the mortgage to a new property, and started the assessment. We were told it was OK to have up to six months gap between properties/mortgages. The first property then sold before the assessment had completed and the porting dropped out of the system. But we were NOT told that selling the first property would do this, at any stage until it had happened.
Anyone else with this problem?
We got agreement in principal to port the mortgage to a new property, and started the assessment. We were told it was OK to have up to six months gap between properties/mortgages. The first property then sold before the assessment had completed and the porting dropped out of the system. But we were NOT told that selling the first property would do this, at any stage until it had happened.
Anyone else with this problem?
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Comments
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Answered on HBR&S.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
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