Take extra care when using brokers at moment

Ian_Griffiths_Halifax

rzr101 wrote: »

God forbid any self-employed clients coming to you asking for a self-cert (black cab driver prime example).

What his colour has to do with it I don't know. He's either a cab driver or not a cab driver!

TighterThanTwoCoatsOfPain

Ian_Griffiths_Halifax wrote: »

What his colour has to do with it I don't know. He's either a cab driver or not a cab driver!

lmao, i'm still trying to work out if you're serious! :beer:
:rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:

Ian_Griffiths_Halifax

TighterThanTwoCoatsOfPain wrote: »

lmao, i'm still trying to work out if you're serious! :beer:
:rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:

Cough Cough

Lemoncurd

jediknightwarrior wrote: »

As you've gathered I'm not a fan of L&C's approach which I believe is unfair.

http://www.sundaymirror.co.uk/news/yourmoney/2008/04/20/how-to-beat-the-credit-crunch-crisis-98487-20388456/

Will they recommend HSBC if you ring them for advice???

Actually I spoke to a lovely lady at L&C yesterday and she basically did just that! She said that HSBC had undercut the whole of the market and we'd have to go direct. I felt really bad after the time she had spent on us.

treliac

minimike2 wrote: »

You do know that the process for reporting someone for tax evasion is to raise a money laundering report, right? Becuase it is actually classed as that...

Likely to be benefits fraud involved as well. It's not unusual with cash-in-hand work.

Vincenzo

Lemoncurd wrote: »

Actually I spoke to a lovely lady at L&C yesterday and she basically did just that! She said that HSBC had undercut the whole of the market and we'd have to go direct. I felt really bad after the time she had spent on us.

Absolutely - but it is the nature of the game at the moment. I am looking to remortgage and have always used my close friend who is a broker. While I will speak to him, I know HSBC have the best deal for me at the moment.

Besides this is all anyone really needs.....

http://www.fsa.gov.uk/tables/bespoke/Mortgages

dunstonh

Besides this is all anyone really needs.....

http://www.fsa.gov.uk/tables/bespoke/Mortgages

FSA tables are notoriously unreliable. Too many assumptions and data is very often out of date.

Vincenzo

dunstonh wrote: »

FSA tables are notoriously unreliable. Too many assumptions and data is very often out of date.

Not being in the finance industry I can say they are hardly 'notoriously unreliable'. I had assumed that they would be more reliable than many other sourcse so thanks for the heads up.

Funnily enough I just searched on there for the HSBC mortgage I am looking at (5.39% fixed for 5 years) and it did not show up - so case in point!

jediknightwarrior

This is a weird one!

I have spoken to the FOS day and I was told there is no consumer protection if you apply directly to a lender as a result of advice received by a broker and the advice turns out to be incorrect.

They said that in order to be protected the broker had to place the case with the lender.

This can't be right surely???

jediknightwarrior

Lemoncurd wrote: »

Actually I spoke to a lovely lady at L&C yesterday and she basically did just that! She said that HSBC had undercut the whole of the market and we'd have to go direct. I felt really bad after the time she had spent on us.

Did she complete a fact find and then freely recommend HSBC or did you ask about the HSBC deal and she confirmed they had undercut the market? These are 2 different things.