Fielding queries on what happens when you leave the Uk....
Bail on Brokers, then the country....LOL
If the reports were true - I don’t think I’d be laughing out loud for myself and my livelihood … Happily we all know fake news is a fact of life. There will be an official statement that has actually come from Santander later today ☺️
A BIG financial institution denying claims that they are looking for a buyer - doesn't that mean it's true from past experience?!
A lender that has gobbled up lenders being gobbled up by another leads to even less choice in providers 😪
Financial Times had an article last week basically saying Santander are considering leaving the UK market, what does this mean, shut down and move back to Spain ?
Great news Jaycee! I did speak to UW on this and they confirmed it shouldn’t have been requested - so apologies for the rogue request!
Just waiting for a call back from my BDM but does anyone know the maximum LTV for a parent buying a property on a residential basis that their daughter will live in?
I know it fits criteria, but not sure of the maximum LTV.
Just waiting for a call back from my BDM but does anyone know the maximum LTV for a parent buying a property on a residential basis that their daughter will live in?
I know it fits criteria, but not sure of the maximum LTV.
Answer from Knowledge Bank re second homes (assume similar criteria)
We can consider applications where the current residential mortgage is going to remain on completion. However, this property must be keyed as a retained property and full running costs will be considered (contrary to any court orders/agreements). The max LTV for a second residential is 80%.
Hope that helps
Thank you!!
Put a case with Santander on Tuesday last week. Both clients changed hours at work and new payslips not yet available. Underwriter calls me on Wednesday saying that he isnt able to accept the pay change letters as not in the right format but he has played with the numbers and we only need 1 of the clients to have the new hours as it fits affordability on the old (lower) hours of the other client. He emails me with the format needed for the employer letter. I upload this later the same day and he agrees the case on Thursday.
I couldnt find a fault if i tried. Also got an auto val so case offered on the Thursday.
Client had been messed around for nearly 2 months by an EA broker so this made me look really good to be honest.
Aw that’s really great to hear! Thank you so much for sharing 😃
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