When you’re dealing with B&WFrom Andrew Hughes We’ve all been in the situation whereby we have taken care to place our client’s mortgage with the right lender, covered all aspects of the true costs of the proposed mortgage, analysed the savings and benefits and then come to a final choice of lender and product. We then submit an agreement in principle to get confirmation of what we should already know by this stage and this is accepted by the lender. I am not so naive as to want all accepted AIPs to end up as successfully completed mortgage applications but an AIP should be what it purports to be. It should follow each lender’s standard credit score and credit search system from the outset so if the result of the AIP is accept, the only reason for decline should be that the supporting documentation does not match. So when is an AIP not an AIP? When you’re dealing with Bristol & West. Andrew Hughes AMH Mortgage Consultants By email
Future Mortgages has rebuffed claims its service is in meltdown. The lender issued a service update on Friday October 21, stating turnaround times for new business as next day for decisions in principle and 48 hours for applications. But one source tells Mortgage Strategy the lender is actually taking up to five days to look […]
Swift Advances, the Essex-based lender Michael Bolton was rumoured to be joining, is still on the hunt for a chief executive. Despite a number of high profile names being linked with the company, nobody yet has been appointed to the position. Kestrel is the holding company for Swift, a secured consumer loan and residential mortgage […]
Being a self-employed mortgage broker is a lonely existence. And just when they need to see a friendly business development manager, they seem to have all but disappeared.
Speed-trap, the e-business intelligence company, announced today that the Yorkshire has implemented Prophet, Speed-traps e-Business Solution, on its website. The project was undertaken in conjunction with one of Speed-traps strategic partners, the service management specialists, Partners in IT.Nigel York, e-commerce manager at the Yorkshire, says: “Weve implemented Prophet on our website for a combination of […]
This week’s Budget looked as if it would be a difficult one for the Chancellor, with disappointing economic numbers and the need to avoid ruffling feathers ahead of June’s in/out referendum. Nevertheless, Mr Osborne did spring a few surprises, including some tax reductions. So how does this budget affect you? If you are – or […]
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