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Realistbear

Sky: Loan Advisers 'letting Buyers Down'

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http://uk.biz.yahoo.com/23072008/140/loan-...ing-buyers.html

Wednesday July 23, 06:06 AM
Loan Advisers 'Letting Buyers Down'
By
Sky News
| | |
The vast majority of mortgage advisers are doing a bad job, putting buyers at risk of signing up to deals which are wrong for them, it is claimed.
Which? Money says most of them are more interested in selling insurance, even if their customers don't need it.
The consumer group sent "mystery shopper" researchers into 50 banks, estate agents and individual firms, posing as first-time buyers who knew nothing about home loans.
It found that fewer than one in 10 advisers gave out adequate information
.
Some 41 of them failed to provide at least one piece of key information, while 35 failed to check properly whether
the individual could afford the repayments.

I think Eric Pebble has a couple of words for it: liar loans.

Which are benefitting from hindsight. Why warn people NOW?

Had many listened to the views put forward on this website 3 or more years ago we would have avoided most of the damage Gordon's bubble will cause.

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There is no sub-prime in the UK... Well, according to the paperwork there arent!

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FSA must of got wind of this.

Hence the blathering the other day about "taking action".

Says something when people on here know what has been going on for years and the press can find out this stuff with a handful of staff - just how many people in the FSA are paid to do this job? The FSA are either employing morons or they have a culture of NOT DOING THEIR JOB. Just what do they do all day for the money they are paid?

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I think Eric Pebble has a couple of words for it: liar loans.

Which are benefitting from hindsight. Why warn people NOW?

Had many listened to the views put forward on this website 3 or more years ago we would have avoided most of the damage Gordon's bubble will cause.

Scapegoats? Not the banks fault you see, it was all those nasty mortagage brokers that did it. They would have gotten away with it too if it wasn't for those pesky kids.....

F

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There is no sub-prime in the UK... Well, according to the paperwork there arent!

Up until a year ago , the bulls that were still here would regularly shout "there is no sub prime here in the UK" , where are the bulls now :rolleyes:

100/125% mortgages

BTL

Self cert

New build

Interest only

There is no sub-prime in the UK , it just couldn't possibly be the case .............

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Loan Advisers 'letting Buyers Down'

Not true. The correct statement is...

"Buyers fail to realise salesmen are trying to sell them stuff."

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Not true. The correct statement is...

"Buyers fail to realise salesmen are trying to sell them stuff."

Absolutely. I think I read a rumour here that any "Financial Advisor" who was on a commision might be forced by some regulatory body to rename him or herself a "Financial Salesperson".

Wouldn't that be good?

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James O'Brien on LBC now is talking about dodgy mortgages... an ex-broker just came on and confessed to adding THOUSANDS to people's loan arrangements without telling them. Scum.

http://www.lbc.co.uk/article.asp?id=26153

And they didnt notice? Maybe shows how little people even care about being in debt.

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Up until a year ago , the bulls that were still here would regularly shout "there is no sub prime here in the UK" , where are the bulls now :rolleyes:

100/125% mortgages

BTL

Self cert

New build

Interest only

There is no sub-prime in the UK , it just couldn't possibly be the case .............

ABSOLUTELY SPOT ON greyshark!!!!!!!

SPOT ON!!!!!!

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  • 396 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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