Friday afternoon rant

I hate lenders, they make life so-o-o difficult.

Sale of a property dragging on for months, buyers solicitors call me this morning and want to complete today. WTF??? Property vacant and I have signed papers, so OK not a practical problem save that I have no redemption statement. Fax the request off to the lender. It's an offset mortgage, so quotes are valid for one day only. Just called the lender, where is the redemption statement please. Go through all the stupid security questions, only to be told we can't tell you over the phone, you have to fax us. Er, I already have. Barclays payments system spits me out at 3.50pm, I'm going to run out of time. 'Too bad, Data Protection.....'

Most of these lenders haven't a clue about what the Data Protection Act really says, they simply hide behind it. So I can't send client her money cos I don't know how much I have to retain, so I get a complaint and she isn't very impressed by the princely 2.6% Barclays pay me on my client account. I can't pay off the mortgage cos the lender won't tell me how much, so Monday I have to start all over again and wait forever in their f*cking queuing system.

Great, I like inane muzak and 'calls may be recorded for training purposes'

I'm only posting this to get my post count up, I don't like that Hovis has overtaken me

Aghh the beauty of renting remains! We looked at getting a mortgage and it's so F'in complicated and so much hastle. Good Luck!!
We are in the process of moving from a flat to a house and i can't wait. Bloody upstairs neighbour i swear has a pogo stick!! Be nice to have peace and quiet, and no headache over lenders/banks/life insurance etc bla bla bla! Still even moving from one rented property to another can be a little stressful but sounds like you have a lot to contend with.

Originally Posted by Ed

Most of these lenders haven't a clue about what the Data Protection Act really says, they simply hide behind it.

I'm only posting this to get my post count up, I don't like that Hovis has overtaken me

Exactly...thats what the wife's been telling me for years!

I fully understand what you mean Ed

Originally Posted by Ed

I hate lenders, they make life so-o-o difficult.

Sale of a property dragging on for months, buyers solicitors call me this morning and want to complete today. WTF??? Property vacant and I have signed papers, so OK not a practical problem save that I have no redemption statement. Fax the request off to the lender. It's an offset mortgage, so quotes are valid for one day only. Just called the lender, where is the redemption statement please. Go through all the stupid security questions, only to be told we can't tell you over the phone, you have to fax us. Er, I already have. Barclays payments system spits me out at 3.50pm, I'm going to run out of time. 'Too bad, Data Protection.....'

Most of these lenders haven't a clue about what the Data Protection Act really says, they simply hide behind it. So I can't send client her money cos I don't know how much I have to retain, so I get a complaint and she isn't very impressed by the princely 2.6% Barclays pay me on my client account. I can't pay off the mortgage cos the lender won't tell me how much, so Monday I have to start all over again and wait forever in their f*cking queuing system.

Great, I like inane muzak and 'calls may be recorded for training purposes'

I'm only posting this to get my post count up, I don't like that Hovis has overtaken me

That's Conveyancing for you. Been there, done that.
Take a deep breath and relax.

you guys are putting me off all getting on the property ladder all together!

Originally Posted by mrs24_7

you guys are putting me off all getting on the property ladder all together!

Its worth it in the end. As is everything that's not easy

I bought my house about 2 years ago, and me n kids feel much more secure then when we were renting, more of an emotional thing really but that's how I feel ..... was something I needed to do!

[G]

Originally Posted by mrs24_7

Aghh the beauty of renting remains!

Your joking arnt you...paying off someone else mortgage and making no money on property, you may aswell stay at home and chuck money down the toilet.

I moved out 6 months ago with my missus and it couldnt have been easier. from finding the house to moving in was 5 weeks.

Only difference i Geuss was that it was a new build property so not as difficult as having a chain type affair.

I'm only 23 and the hole mortgage thing, especially the way it is, is quite intimidating. renting is easy and if anything goes wrong you just make a call and someone comes out and fixes it! The jargon alone scares me! Don't know what the frick they are on about half the time!!!

We're in the process of buying a new place at the minute.

Our solicitor is fantastic but the seller's one appears to be worse than useless.
We asked them to obtain a certificate from the original builders stating that any contamination (house was built on a brownfield site) had been dealt with to which they replied "do it yourselves".

This is after we paid £50 for an environmental report from the local council that basically said they weren't sure if there was any contamination to start with and if there was they didn't know if it it had been dealt with properly or not.

I've always thought that the whole buying/selling of houses is deliberately overcomplicated to make jobs (and money) for people (surveys, reports, indemnity insurances etc)

Originally Posted by mrs24_7

I'm only 23 and the hole mortgage thing, especially the way it is, is quite intimidating. renting is easy and if anything goes wrong you just make a call and someone comes out and fixes it! The jargon alone scares me! Don't know what the frick they are on about half the time!!!

I'm 24 & have a mortgage. Best thing I ever did TBH was buying the house. Just got to remember that if you don't pay the "rent" they take the house & you loose a lot more out of it.

Both the legal beagles on here (well, this thread at least) have heard what I was like with the solicitor when I was buying my house.

On tricky's point, the one's driving the house market prices are the Estate Agents. They decide what a house is worth (what they think they can sell it for) and get a commission on that value. Cut them out, and the world would be a happier place!