FTB needs GOOD advice - BROKER NIGHTMARE!

moneyspendingexspert

herbiesjp wrote: »

quite a bit of verbal intervention as opposed automated process - that is why if you put a notice of correction, it should be flagged up by the lenders and passed to someone to look at manually rather than the normal automated process

The second broker said the I passed the credit check with Natwest(I did not see any evidance), but the underwriters declined it(for bad credit history)? was this not manual/verbal intervention?

herbiesjp

I think it is possible, but I think you should let an adviser who has got good lender contacts, take over for you.

A lot of the time, it is down to how your case is put across that will depend on whether you will be accepted or not

moneyspendingexspert

I think it is possible, but I think you should let an adviser who has got good lender contacts, take over for you

A lot of the time, it is down to how your case is put across that will depend on whether you will be accepted or not

I agree, all i would like is to "put across" my case to a lender/broker but so far i have not had that oportunity, its the old "computer says no" or "call center staff say no".

Is there an understanding lender out there?

herbiesjp

There may well be, but I couldn't say either way as I know nothing about your circumstances, apart from the few posts above, which are nowhere near the kind of information needed on which to base any pointers

homer_j_3

What herbie is saying is that you need a broker who has a strong relationship with a lender or possibly access to an underwriter direct.

The fact that future declined on 5% tells me that you will not be getting this mortgage off your own back and may even be hard work for someone with the contacts.

Do what herbie said - get your notice on there, it doesn't matter what you tell the bank - untils its showing, it will not be treated as under dispute.

Then go and find a broker who will actually want to work for their money.

moneyspendingexspert

What do you need to no?

Or where can i find a GOOD broker?

moneyspendingexspert

homer_j wrote: »

What herbie is saying is that you need a broker who has a strong relationship with a lender or possibly access to an underwriter direct.

The fact that future declined on 5% tells me that you will not be getting this mortgage off your own back and may even be hard work for someone with the contacts.

Do what herbie said - get your notice on there, it doesn't matter what you tell the bank - untils its showing, it will not be treated as under dispute.

Then go and find a broker who will actually want to work for their money.

Thanks guys, Ill do that. Its disapionting I got so close, ill phone the estate agents now and pull out.:mad:

silvercar

and another house chain collapses!

moneyspendingexspert

There was no chain.

herbiesjp

moneyspendingexspert wrote: »

Thanks guys, Ill do that. Its disapionting I got so close, ill phone the estate agents now and pull out.:mad:

So you don't want to try and salvage the purchase by finding another broker?