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Lenders changing mind on deals ‘more common than one would expect’ – Star Letter 29/06/18

  • 29/06/2018
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Lenders changing mind on deals ‘more common than one would expect’ – Star Letter 29/06/18
Mortgage Solutions and its sister title Specialist Lending Solutions select the most thoughtful or thought-provoking comment for Star Letter.

This week the accolade goes to S Delano for the response to the post: Brokers vent frustration over lenders that change their minds on deals.

They said: “This is a more common occurrence than one would like to expect, especially when a previously discussed case gets submitted, passes the lender scoring system and after requesting a plethora of information, they decide to decline the case without a reasonable explanation.

“One lender springs to mind as a repeat offender.”

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