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  • Profile photo of The Mortgage MasterThe Mortgage Master
    Member
    @the-mortgage-master
    Join Date: 2004
    Post Count: 5
    May 21, 2004 - 1:31 am

    Rob

    Thanks for the reply.

    One of my hobby is cooking, would you like to come over for dinner one night? (I promise to dress up!)[jerry]

    Tom Murphy
    Mortgage Adviser
    If I can’t do your loan, Rob can.

    Profile photo of The Mortgage MasterThe Mortgage Master
    Member
    @the-mortgage-master
    Join Date: 2004
    Post Count: 5
    May 21, 2004 - 12:53 am

    Rob

    As a fellow mortgage advisor, could you point me in the right direction on a few things.[specs]

    Are you saying that you can get a 100% loan for a company wihtout additional security? I am aware of the 100% loans out there, but all these must be for personal names not companies. Could you please let me know who it is (via PM) so I can add them to my list of lenders (currently 23!).

    Also how are you able to get loans in company names without personal guarrantees? Even if they have been trading for more than 2 years?[eh]

    Tom Murphy
    Mortgage Adviser
    If I can’t do your loan no one can.

    Profile photo of The Mortgage MasterThe Mortgage Master
    Member
    @the-mortgage-master
    Join Date: 2004
    Post Count: 5
    May 21, 2004 - 12:47 am

    MarkyMarky

    Why not use you own personal account – unless you use a company trustee.

    Tom Murphy
    Mortgage Adviser
    If I can’t do your loan no one can.

    Profile photo of The Mortgage MasterThe Mortgage Master
    Member
    @the-mortgage-master
    Join Date: 2004
    Post Count: 5
    May 21, 2004 - 12:46 am

    It is interesting to see all the comments from the various brokers out there squabbling!

    ps. I once got a client a loan in 2 hrs 59 min[specool]

    Tom Murphy
    Mortgage Adviser
    If I can’t do your loan no one can.

    Profile photo of The Mortgage MasterThe Mortgage Master
    Member
    @the-mortgage-master
    Join Date: 2004
    Post Count: 5
    May 21, 2004 - 12:41 am

    Robert

    Are you aware of the situation with Hybrid trusts, or trusts generally? Any trustee can have the loan in their individual name. With hybrids the person is borrowing to buy the units in the trust, so the loan must be in their name not the trust name. This is to enable the borrower to claim the interest from their personal income.

    Muma, please feel free to contact myself for any questions you may have.

    Tom Murphy
    Mortgage Adviser
    If I can’t do your loan no one can.

Viewing 5 posts - 1 through 5 (of 5 total)