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    • UK007BullDog
    • By UK007BullDog 20th Feb 08, 7:56 PM
    • 2,547 Posts
    • 1,394 Thanks
    UK007BullDog
    yup, get the pills and those extensions but dont know what to do with it. LOL

    I never knew I had so many bank accounts in my life!

    Another packager has packed up, and Lehman is also sacking staff.....
  • homer_j
    Oh, oh, oh, please sir, can I get on this mailing list sir, pretty please?????
    Originally posted by poppy10
    You sure can....

    Just register your details at

    www.igetoffondepressingnews.com

    Put down that you are broker and they will set you up with an annual subscription to

    www.weknowyouenjoydepressingnews.org
    I am a Mortgage Adviser
    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.
  • scratchthecat
    How long do you think it will take the other lenders to withdraw theirs?

    Just to add to an absolutely horrific day, platform have just announced 65 redundancies too. I'm sick of it, every day I get a redundancy email, a lenders gone bust email, or we are not doing high LTV/self certs/BTL's anymore email. Makes my job an absolute nightmare. If lenders retract much further we will only be lending to super clean prime full status clients and there will be a lot of people looking to rent!
    Originally posted by MortgageMamma
    Why not get a proper job or are you, like most people in the housing sector, an unskilled spiv preying on the hard work of others?
  • scratchthecat
    A selection of emails in my inbox today

    In at number 3...
    Lehman brothers to cull 200 jobs - looking like from the spml brand.

    At number 2.....
    Black and White go into administration with news of some brokers being owed 10k...

    However at No 1....

    Mortgage lending has gone up by 11% in january from December and is only 0.1b down on what was lent this time last year. Commentary states they expect the year to get worse though - just when I thought I had some happy news to share.
    Originally posted by homer_j
    And you! Get a proper job.
  • scratchthecat
    Yup, does not look good. Everywhere lenders are changing criterias.

    Sadly some people will be really stung and the only way out for them is to pile every penny into the mortgage to get out of negative equity.
    Originally posted by UK007BullDog
    And tell your estate agent mates to go back to school.
    • Gorgeous George
    • By Gorgeous George 20th Feb 08, 9:58 PM
    • 7,797 Posts
    • 8,484 Thanks
    Gorgeous George
    scratchthecat

    I'm intrigued. What do you do for a living?

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
  • scratchthecat
    scratchthecat

    I'm intrigued. What do you do for a living?

    GG
    Originally posted by Gorgeous George
    I'm an electronic engineer. I had to work hard to get my qualifications and experience while anyone can become a mortgage advisor, estate agent or "property expert". I suggest that these property ramping, lie to buy leeches do something worthwhile, if they can.
  • EdInvestor
    I'm an electronic engineer.
    Originally posted by scratchthecat

    Another member of the "back to the dark ages" fraternity, can't stand the idea that there may be less well educated people making more money than he does, can't accept that financial services are where it's at in the 21st century, can't understand that rich countries can't prosper from making products any more, really can't stand the idea that the less well-off may be living comfortable lives in properties of their own, rather than still tugging forelocks at their betters.

    These people are sooooo tedious. :rolleyes:
  • homer_j
    I'm an electronic engineer. I had to work hard to get my qualifications and experience while anyone can become a mortgage advisor, estate agent or "property expert". I suggest that these property ramping, lie to buy leeches do something worthwhile, if they can.
    Originally posted by scratchthecat
    Oh well, I better go and pack my bags and leave shall I.

    Should I go and knock on the door of computeach?

    Anyway must go, got some clients to go and prey on and then off to the old boys club to have a drinky poos with my old boy tarquin who runs the estate agent and phillip the property investor.

    I will just put my qualifications through the shredder on my way out because somebody has realised my true colours...
    I am a Mortgage Adviser
    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.
  • Exact Money
    I'm an electronic engineer. I had to work hard to get my qualifications and experience while anyone can become a mortgage advisor, estate agent or "property expert". I suggest that these property ramping, lie to buy leeches do something worthwhile, if they can.
    Originally posted by scratchthecat
    Hmm, I wouldn't tar Mortgage Advisers with the same brush as Estate Agents. We don't like that.

    It took me a Degree, several financial advice courses and qualifications, 3 years as a trainee and a pretty thorough application to the Financial Services Authority to get where I am now as the principal of my own business.

    Just remember all you need to be an electronic engineer is a B ENG, I have a B SC, what's the difference there then?

    Are you trying to say you are more intelligent? I would say your comments suggest not.

    I am a Mortgage Adviser
    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.
    Last edited by Exact Money; 20-02-2008 at 11:05 PM.
  • guyrulius
    Another member of the "back to the dark ages" fraternity, can't stand the idea that there may be less well educated people making more money than he does, can't accept that financial services are where it's at in the 21st century, can't understand that rich countries can't prosper from making products any more, really can't stand the idea that the less well-off may be living comfortable lives in properties of their own, rather than still tugging forelocks at their betters.

    These people are sooooo tedious. :rolleyes:
    Originally posted by EdInvestor
    I'm a software engineer - I work on avionics systems - so I do something reasonably useful and am paid well for it and I don't need to tug my forelock to anybody.

    I am accountable for my actions and design decisions unlike it seems most in the financial services industry.

    The financial services industry is about to reap the benefit of what it has spent a decade sowing. You had all better buy yourselves a shoeshine kit and learn to say thank you in Chinese because you will have nothing else to fall back on by the time this has finished.
    Last edited by guyrulius; 20-02-2008 at 11:06 PM.
  • homer_j
    Have you all been to a FS bashing dinner or something?

    Seriously, I don't really care what you do and the responsibilities that you have. The only people in this country that are unfairly paid are those that work in care, hospitals, the police, fire services and the armed forces.

    Us brokers form part of the supply chain, as i am sure you do in your chosen career. So get over it. If you don't agree with us, I don't care as no one asked you to. Why not go and whine to your MP. Oh no, they are another overpaid under qualified person
    I am a Mortgage Adviser
    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.
  • guyrulius
    It's very simple. Your supply chain has been responsible for helping to ramp house prices to unaffordable and unsustainable levels so that you can pick fat commissions.

    So don't expect sympathy when your party comes to an end. You made it, you can sleep in it.
  • lilfairy
    Me & oh went into the bank early last week to sort out a mortgage...said it should all be fine, but I know they didnt send all the stuff off, they were gonna wait 4 us 2 make another offer.
    Am I stuffed now?!
    Wish I wasnt needing more than 100%, but Im a teacher, so dont get paid enough for the huge house prices where I live.
    Abbey were looking good...not now.....
    :confused: :confused: :confused: :confused: :confused:
  • homer_j
    Have I asked for sympathy, I have said that we have had our good times if you ACTUALLY read the thread.

    As I said also, we are a small fish in a big pond -its not me that is picking 1-2% + vat off the property price. I get on average 0.35% of the mortgage amount.

    Just get a grip with yourself man. Your anger and frustration will not change anything.
    I am a Mortgage Adviser
    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.
  • homer_j
    Me & oh went into the bank early last week to sort out a mortgage...said it should all be fine, but I know they didnt send all the stuff off, they were gonna wait 4 us 2 make another offer.
    Am I stuffed now?!
    Wish I wasnt needing more than 100%, but Im a teacher, so dont get paid enough for the huge house prices where I live.
    Abbey were looking good...not now.....
    :confused: :confused: :confused: :confused: :confused:
    Originally posted by lilfairy
    It may be better to start a new thread on this.

    When you make your new thread, you may want to put a bit more detail into what you mean about the other offer and why things were not sent off
    I am a Mortgage Adviser
    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.
  • guyrulius
    Not angry at all. There is a certain degree of satisfaction in watching the miracle economy tear itself apart and muppets like RICS and CML mainpulating the figures to try and convince the financially illiterate that 125% mortgages at 9 times salary are a good idea.

    It might mean that you lot are finally regulated properly to stop speculative property boom and bust.
  • lilfairy
    It may be better to start a new thread on this.

    When you make your new thread, you may want to put a bit more detail into what you mean about the other offer and why things were not sent off
    Originally posted by homer_j
    Thanks Homer J - I think I will.

    mainpulating the figures to try and convince the financially illiterate that 125% mortgages at 9 times salary are a good idea.
    Originally posted by guyrulius
    I think you are really rude. I am not financially illiterate as you put it, just trying to buy myself a house in todays market. Yes, I would like to pay a bigger deposit, but teaching is not the highest paid profession.
  • guyrulius
    What are you teaching - underwater basket weaving? It's obviously not mathematics or economics. Does this thread actually not mean anything to you? These are financial professionals describing how their market is destroying itself.

    I suggest you go and introduce yourself to the DFW crowd. You're going to be a regular for about as long as it takes you to recover from repossession and bankruptcy.
  • mpsavuk
    From the gist of the postings by some of the mortgage brokers and the like on this thread, sounds to me as if they are being slowly taken out of the equation by the big lenders? To save on the comissions?

    It's a bit like reading the American Loan Officers Forum website in the early days of the credit crunch.
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