UK Landlord Forum / Life

Was wondering this AM about the lending problems some people are finding at the moment.  I have always got mortgages on a pre aproved limit from my bank, if your not sure what this is, the bank looks at how you run your account and the money going into it, this generates a sum they would happily loan you.  Its quiet good as you dont have to think about 3x main and 2x second incomes to find out your limit.  In my case the limit has always been a bit more than the traditional ways of calculating.
Anyway i wonder what they would say if i went in and said i wanted a mortgage for the pre aproved limit they are willing to give me,  the limit hasnt gone down or scraped since the start of the said crunch !.
Has anyone else got a mortgage recently on a pre aproved limit.

Nice tip, B. Never actually heard of that before, but makes sense.

Are the rates better than the normal rates they offer, and do the rates vary depending on how good your finances are?

I actually have a few sources of income, so this would be ideal for me.

Not sure about the rates, think they follow the trend in general.  I have always been happy with what my lady has got for me.

When are you due to remortgage, or have you jumped onto the SVR yet?

Unfortunitly you have to have a good working relationship with your bank.  Not saying you havnt, but the fact you havnt heard of a pre limit makes me think your bank may not offer such a service.  From what i can remember i had to be with my bank for a long time before i started to see the limit and also to see it rise.  I think they like to have a history on you to make a profile on you first.  Maybe worth asking your bank fag !  If not change to Barclays son

I have always had a SVR mortgages

Ewww I hate Barcleys! I'm with Halifax, and they treat me just fine. I actually have a meeting with an advisor on Saturday, so I'll sniff around the topic then!

I just don't like the way Barcleys do certain things. For example, when you deposit cheques, you have to fill in deposit forms. That's so much hassle! With Halifax I can just go to the counter and hand the cheques over, and they'll process everything for you. It's the simple things, B, the simple things...

Sorry i lied, i had fixed yonks ago just let it ride over to SVR

Quote from: Uncle Norman on June 12, 2008, 08:24:40 AM
I have always had a SVR mortgages

What rates, if you don't mind me asking? Do you prefer being ona  SVR? Just curious to why you chose that path...

Quote from: Uncle Norman on June 12, 2008, 08:26:53 AM
Sorry i lied, i had fixed yonks ago just let it ride over to SVR

Ahhhh yeah, that makes sense.

You have to fill in forms, OMG that is such an old way to bank. i get * Mr Badger how can i help you today * ! lol and hand the shit over for them to do.

They probably get irritated by that- I remember last time I handed over a cheque at Barcleys, the guy seemed pissed off because he had to the fill the form in for me! At Halifax everything is computerised!

Barcleys is just an old and traditional bank, in my opinion.

Who offer pre aproved limits !
To be honest im not to anal about my bank, they are just a means to an end service for me.  I think its all about what ya want and how you want to do it.  I think if Barclays had pissed me off in the past, like it has to many other people so i understand, then i would have moved, but to be honest i have 3 business accounts with them with a very very hot business banker, two personall accounts with them, and two mortgages with um.  Thats probably why they dont piss me off lol.

We never get mortgage pays recently. Is there any change in the rates of present mortgage and previous ones. Can any one have an idea on this topic. Then reply me i will be gladful to your reply.