Hi,
After spending months unsuccessfully trying to jump through hoops to get thought AIBs mortgage application I decided to get some "professional" advice and use a mortgage broker. We compiled all the documents, did the applications for multiple banks and sent it off with bated breath.
At the time we had no particular property in mind so we were advised to ask for 280k, which the broker felt would be the max we would get. In his words it was best to aim big and "we'd see what they came back with".
A month later and we heard that we'd been approved in principle for 280k by haven. Initial reaction was yay to approval, but a bit concerned that we weren't being approved by one of the main banks (cue hasty googling of sub-prime banks). When I asked them what the other lenders had offered it turned out they had only applied to Haven!
Is this normal!? Surely the point of a broker is to check out multiple lenders? I tried to pin them down on why they had only applied to one lender and i got fobbed off, saying it would have been "a waste of time".
Any advice?
After spending months unsuccessfully trying to jump through hoops to get thought AIBs mortgage application I decided to get some "professional" advice and use a mortgage broker. We compiled all the documents, did the applications for multiple banks and sent it off with bated breath.
At the time we had no particular property in mind so we were advised to ask for 280k, which the broker felt would be the max we would get. In his words it was best to aim big and "we'd see what they came back with".
A month later and we heard that we'd been approved in principle for 280k by haven. Initial reaction was yay to approval, but a bit concerned that we weren't being approved by one of the main banks (cue hasty googling of sub-prime banks). When I asked them what the other lenders had offered it turned out they had only applied to Haven!
Is this normal!? Surely the point of a broker is to check out multiple lenders? I tried to pin them down on why they had only applied to one lender and i got fobbed off, saying it would have been "a waste of time".
Any advice?