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A.steve

"the Mortgage Business"

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I am curious to establish if anyone knows much about "The Mortgage Business"

http://www.t-m-b.co.uk/

I am curious about their status... they appear to be subprime-tastic.... but are they still writing new business? To anyone with a pulse? Are they just a front for a larger player?

Specifically, I'd be very interested to discover what is their real BTL lending policy. Do they expect landlords to have an income, do they check the property is actually let? Are they now tightening their lending criteria?

Edited by A.steve

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They are part of HBOS. They specialise in self cert, BTL. I was with them a few years back as I'm self employed.

Hmmm - I'm curious what they're doing to people coming off their fixes from late 2005...

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...the link to their lending guidelines is interesting:

[

Lending guidelines

Lending Guidelines is currently being updated and will be available shortly.

...........if they are part of HBOS wonder if this applies to all their mortgage products..........?.........a New Year resolution rethink ....!.... <_<

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As stated they are part of HBOS. I have only used them for BTL. I think we they are particularly vulnerable is their 'house-to-house' product. This allows someone to get a BTL where rental income is disregarded. Rates are 6.44% (about 1% mark-up) at the moment with a big fee. They will lend you money even if the property is losing £000s a month over mortgage payments - not the best idea really.

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As stated they are part of HBOS. I have only used them for BTL. I think we they are particularly vulnerable is their 'house-to-house' product. This allows someone to get a BTL where rental income is disregarded. Rates are 6.44% (about 1% mark-up) at the moment with a big fee. They will lend you money even if the property is losing £000s a month over mortgage payments - not the best idea really.

Sickening. Just a good example of the MASSIVE effort to keep the momentum going in the whole Massive Pyramid Selling Scam that the "housing market" has become. Mind-blowing. And essentially FRAUD. WHAT THE F@CK are the FSA up to? Where the F@CK are they?

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Sickening. Just a good example of the MASSIVE effort to keep the momentum going in the whole Massive Pyramid Selling Scam that the "housing market" has become. Mind-blowing. And essentially FRAUD. WHAT THE F@CK are the FSA up to? Where the F@CK are they?

...I'll bet that BTL product is not available currently...the FSA report to Nulabour what do you expect from them...! .. <_<

Edited by South Lorne

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Sorry that was misremembered, it was another HPI leech...

BBC probes boss of city firm

Mar 30 2007

By David Holmes, Chester Chronicle

BBC'S Watchdog is investigating claims concerning a Chester businessman whose company has gone into liquidation.

The BBC contacted The Chronicle yesterday about Lee Wilson, MD of Stanley Porters & Co, of Union Street, Chester, a company which recovered compensation for mis-sold endowments and payment protection insurance as well as bank charges.

Watchdog said it has been looking at Mr Wilson after receiving complaints.

William Mager, director of Watchdog, said: 'I've been looking into Stanley Porters for a while - lots of complaints from people who've paid £350 up front for the 'no win no fee' scheme, and are now trying to get the fee back.'

Mr Wilson this week parked his Range Rover outside The Chronicle so it could be photographed. He was apparently upset after our reporter accompanied Chester resident Matthew Sankey to Mr Wilson's Bath Street home.

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I'm a bit worried about them myself as I've just checked the land registry and they have a charge against the home where I live.

Their website seems to be strongly aimed at sub-prime Buy To Let but they seem to have other products that aren't pure buy to let. It's made me rather worried to be frank.

I'm also rather worried as the title absolute show's my landlady's name but the address of the house where I'm living rather than her address on the rental contract.

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  • 315 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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