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Waiting Game!!
InAPickle76
Posts: 85 Forumite
Following on from my post a few weeks ago where I received such valuable information and advice, I have just had the initial phone call with L&G to see if we would be able to get a fixed rate mortgage deal. We are currently paying 7.5% interest with the One Account, due to go up to 7.75% in August and likely to increase again after this following the BoE rate increase last week. I am so nervous! I really, really hope someone will offer us a deal - feeling pretty negative about the whole thing tbh as worried we won't pass affordability. It's an anxious wait.......
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Quick query - does anyone know how long it normally takes for L&G to do affordability checks? Many thanks
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I would go a small broker, l&c dont seem to like none vanillaDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.1
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Why have you waited weeks to action anything? Worried about a 'no'? You will never get a 'yes' until you ask for one.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.1 -
It should take about twenty minutes.InAPickle76 said:Quick query - does anyone know how long it normally takes for L&G to do affordability checks? Many thanksI 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.1 -
We wanted to be in a position whereby our affordability is as good as possible so our bank statements are in the best shape! I really regret waiting though as interest rates have since risen further but fingers crossed we can secure somethingamnblog said:Why have you waited weeks to action anything? Worried about a 'no'? You will never get a 'yes' until you ask for one. 0 -
Nothing from them in over 24 hours!! I have emailed again but no reply. Have decided to go with a different broker following advice - have had the initial consultation and submitted bank statements/payslips etc. They are looking into options for us this afternoon and hope to have news by the end of the day.kingstreet said:It should take about twenty minutes.
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