Re: Bankrupt-friendly mortgage companies.

Who from ?

|On Thu, 17 Jul 2003 11:17:03 +0100, snipped-for-privacy@end.of.message.com |wrote: | |>Thanks for the help everyone. I've just had a good quote through |>and I'm looking into it... | |Who from ?

Well, 2 companies actually, (2nd one just this afternoon). Compass Finance and Premier Mortgage Management. Both offering around 5.7% APR.

Good stuff - it's interesting to see which companies offer these products. Also useful for anyone else searching the group archives in future.

Cheers

Daytona

In article , to.reply.pls.se snipped-for-privacy@end.of.message.com writes

Are these the actual lenders, or merely brokers? It will be interesting to see what hoops you have to jump through to get the loan and, possibly, at which hoop you could be rejected.

Are they asking for money up front before they process the loan application? How large a fee do they get when the loan is formally offered?

snipped-for-privacy@end.of.message.com

Don't forget the max fee for a loan which is *not* taken up is 5. Any amounts already paid above 5 have to be refunded.

I don't feel TOO vulnerable ;-)

In both cases, the only fees payable up-front is the £100 refundable booking fee, and the valuation fee. I have applied on a self-declared-income basis, so, - all in all, I don't think there are huge up-front risks. (I want to borrow 80% of value BTW).

H.

In article , to.reply.pls.se snipped-for-privacy@end.of.message.com writes

Sounds OK so far. I am just conscious that some people may accept anything they are told - particularly if they have been turned down a few times.