Timeline for Income testing for mortgage rate switch application (UK)
Current License: CC BY-SA 3.0
10 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Apr 13, 2017 at 13:55 | vote | accept | Sideshow Bob | ||
| Apr 12, 2017 at 12:45 | answer | added | nsandersen | timeline score: 2 | |
| Apr 11, 2017 at 19:29 | history | tweeted | twitter.com/StackFinance/status/851879817695952897 | ||
| Apr 11, 2017 at 17:54 | comment | added | Sideshow Bob | If it turns out not to be true 2 years down the line, does it mean I have been mis-sold the mortgage and thus am eligible for compensation? | |
| Apr 11, 2017 at 14:38 | comment | added | DumbCoder | The broker is telling you half of the truth. If staying with the same mortgage provider you will not need to show your income proof and all. But if you decide to change your mortgage provider then yes you will need all the proof. I changed deals with my mortgage provider and they asked for nothing. But if you wanted to borrow more on your mortgage, then you might need to show proof even if staying with the same provider. | |
| Apr 11, 2017 at 13:36 | answer | added | Steve Melnikoff | timeline score: 3 | |
| Apr 11, 2017 at 13:30 | comment | added | Pete B. | However, is this in your loan contract or is it current policy with the bank? The later can change dramatically. | |
| Apr 11, 2017 at 13:26 | comment | added | Sideshow Bob | Well that's copied and pasted from an email = in writing. Only catch I can think of is he says "no income proof" rather than "your income doesn't matter"; I'd rather not claim income I don't have even if proof isn't asked for... | |
| Apr 11, 2017 at 12:47 | comment | added | Pete B. | It sounds like some salesmanship. How much of his promises are actually in writing? What things could still go wrong? | |
| Apr 11, 2017 at 12:27 | history | asked | Sideshow Bob | CC BY-SA 3.0 |