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Mortgage

#3
Yes a few do, what do you need annie
Long story. Sold my house, have 96K for deposit, so need 196K for new house. Mortgage is with Santander is portable at 1%. my credit score is 999 Husbands is 1000, It's perfectly affordable as we can mortgage up to 450K. Santander has declined it twice with no reason. Can they just be trying to shove me out my 1% mortgage that they need to match? The advisor said to take it to underwriters but I'm worried that if they decline again I won't have a hope of getting a mortgage elsewhere. Spoke to an independant advisor who said he would have several mortgages for me to choose from by 10am tomorrow as I need one for 11.30 on Friday so I can bid on the house I want but that will be a much higher interest rate. Can't decide which way to go and was looking for advice.
 
#10
Long story. Sold my house, have 96K for deposit, so need 196K for new house. Mortgage is with Santander is portable at 1%. my credit score is 999 Husbands is 1000, It's perfectly affordable as we can mortgage up to 450K. Santander has declined it twice with no reason. Can they just be trying to shove me out my 1% mortgage that they need to match? The advisor said to take it to underwriters but I'm worried that if they decline again I won't have a hope of getting a mortgage elsewhere. Spoke to an independant advisor who said he would have several mortgages for me to choose from by 10am tomorrow as I need one for 11.30 on Friday so I can bid on the house I want but that will be a much higher interest rate. Can't decide which way to go and was looking for advice.
If the loan is portable then you are getting the big "F**K off" from Santander, however you need to check the small print on your contract as they may be in breech of contract.

I'd suggest sorting this out before rushing in to buy another property as for the independent adviser if they are independent they will be charging you a fee so they really should be looking to help see how you can retain your existing product rather than flog you a new one.

Keeping hold of a 1% loan for as long as you can should be your primary aim. Getting a new house at any cost ( ie massive increase in % rate) that's not such a smart move.

I'm pm'ing you my mobile ring me in the morning and we can run through it properly.
 
#12
If the loan is portable then you are getting the big "F**K off" from Santander, however you need to check the small print on your contract as they may be in breech of contract.

I'd suggest sorting this out before rushing in to buy another property as for the independent adviser if they are independent they will be charging you a fee so they really should be looking to help see how you can retain your existing product rather than flog you a new one.

Keeping hold of a 1% loan for as long as you can should be your primary aim. Getting a new house at any cost ( ie massive increase in % rate) that's not such a smart move.

I'm pm'ing you my mobile ring me in the morning and we can run through it properly.
Thanks. You've really echoed what I was thinking. I've the lawyers at 10.30 and he's bringing me an agreement in principal, said that was all I needed to put an offer in. I'll call you when I get back?
 
#15
Normally I'd agree mate however in this instance why the hell has he not gone to Santander and asked them what they hell they are playing at.


hmm two hells in less than 20 words must be over tired.
No fee in that! /cynic

Does RDR impact mortgages, then? No more proc fees?

( I don't have MAQ, rather obviously... I'm pensions, me)
 
#17
Well aware - but if the bloke won't pay a fee, the IFA shouldn't be obliged to work pro bono.

( I'm a whole of market IFA working toward Chartered Status, and fully agree with the RDR. Sadly, clients do sometimes confuse IFA" with "Charity"...
 
#18
Well aware - but if the bloke won't pay a fee, the IFA shouldn't be obliged to work pro bono.

( I'm a whole of market IFA working toward Chartered Status, and fully agree with the RDR. Sadly, clients do sometimes confuse IFA" with "Charity"...
I know who you are you daft sod. And you've got your backwards understanding glasses on. I meant you can work for the client on a fee looking into the Santander situation just as easy as looking into a new mortgage. And that should have been the primary aim of the adviser who was first asked.

As it is I've spoken with the Annie who is totally lovely and very switched on and have offered to work Pro Bono with her because she said nice things when my dog died.
 

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