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Mortgage advisor who shouldn’t be trading
soraya89
Posts: 7 Forumite
Hi,
How can I or who do I report a mortgage advisor that shouldn’t be trading ? I have found out that my buyers mortgage advisor is undergoing court proceedings and shouldn’t be offering mortgages. He has cost me my mortgage offer, i’ve lost money, i’ve had to take time off work and endure massive amounts of stress because of him.
How can I or who do I report a mortgage advisor that shouldn’t be trading ? I have found out that my buyers mortgage advisor is undergoing court proceedings and shouldn’t be offering mortgages. He has cost me my mortgage offer, i’ve lost money, i’ve had to take time off work and endure massive amounts of stress because of him.
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Comments
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What do you mean exactly by "shouldn't be trading"?0
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No contractual arrangement between yourself and your buyer’s mortgage advisor, nothing for you to claim. Your buyer’s could have gone elsewhere for their mortgage if they felt their mortgage advisor was inadequate in any way. This suggests either they couldn’t get a sufficient mortgage or they pulled out for another reason and this was an excuse.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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I have found out that my buyers mortgage advisor is undergoing court proceedings and shouldn’t be offering mortgages.Why would court proceedings prevent them from doing this?
There are certain legal actions that would prevent certain senior manager functions but mortgage advice doesn't have any senior manager functions itself.He has cost me my mortgage offer, i’ve lost money, i’ve had to take time off work and endure massive amounts of stress because of him.You have never entered into a contract with the mortgage adviser, and therefore, no liability exists between them and you.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
There's nothing in your other post that indicates it's your buyer's mortgage broker's fault.
By the look of it your mortgage would have had to have been reassessed anyway0
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