Can someone help me identify which lender this is?

stormCat99

allan673 wrote: »

check out first direct 5.25%, 5 year fix, brokers cant get this !

Funny you should say that, as that is one of the 2 deals I'd found myself. However, all 4 of the brokers unanimously said that they were currently on a low service rating. At present, as First Direct have been inundated for their good mortgage deals, it is a 10 day wait just for an initial callback, and 6-8 weeks to get the mortgage offer :eek:

Thanks to everyone for the replies - unfortunately it seems that events have overtaken us now. I just found out earlier today that our purchaser's chain has fallen through and they are currently trying to sort it out. So things are not looking good

I think in the current climate, there is not much point continuing to look at mortgages, as deals are changing daily. Looks like I'm going to have to start all over again now if/when our buyers are in a position to proceed again.

This fulfils my worst fears really - as I mentioned earlier, I have never had to buy and sell at the same time before, and from the outset have wondered how anyone possibly coordinates a whole chain. Looks like things are maybe not going to work out for us at the moment, we will have to see what happens.

chappers

Only just realised you are selling your house and buying another, you really should have at least an AIP in place if you are looking at houses and your house is on the market. Next time it could be you that pulls the chain down whilst you phaff about trying to sort a mortgage.

stormCat99

chappers wrote: »

Only just realised you are selling your house and buying another, you really should have at least an AIP in place if you are looking at houses and your house is on the market. Next time it could be you that pulls the chain down whilst you phaff about trying to sort a mortgage.

Hi chappers,

Yes agreed - when we purchased our current property, we got one very early on so that (a) we could proceed quickly and (b) the vendor could see we were serious.

However, when we called around last week to do just this, ALL of the brokers advised us that there was no point in getting an agreement in principle as in the current financial climate the offer could still be pulled, and things were changing daily. They said we would have to call back once we had an offer accepted.

Even when we put an offer in on the morning, we called L&C and they refused to do anything until we had it accepted, as they said there was no point!!