What can I do if my mortgage broker lied about income to the lender without my knowledge?
Hitesh P asked:
Hi
I want to know, according to UK laws and FSA regulations what can I do if my mortgage broker lied to the lender about my income? I accidently came to know this and broker is not yet accepting this. Mortgage lender is now asking for income proof (which broker wasn’t expecting) which would result in rejection in mortgage application. I have signed the document that the information in application is correct, but whatever was shown to me was different info. and not the one which is sent with application. and application was made on date prior to my signing date. What can I do to teach them a lesson, to get compensation. prefferably I do not want to spend money in hiring lawyer. The firm is FSA regulated, but it does not comply with FSA in this matter.
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Hi
I want to know, according to UK laws and FSA regulations what can I do if my mortgage broker lied to the lender about my income? I accidently came to know this and broker is not yet accepting this. Mortgage lender is now asking for income proof (which broker wasn’t expecting) which would result in rejection in mortgage application. I have signed the document that the information in application is correct, but whatever was shown to me was different info. and not the one which is sent with application. and application was made on date prior to my signing date. What can I do to teach them a lesson, to get compensation. prefferably I do not want to spend money in hiring lawyer. The firm is FSA regulated, but it does not comply with FSA in this matter.
November 23rd, 2009 at 10:42 pm
Call FSA and inquire with them . . .
> kate
November 24th, 2009 at 1:30 pm
Looks like now the broker is going to have to alter your proof of income to match what is on the application. This could get to be a real mess. Over here that is called fraud. kokopelli
November 27th, 2009 at 4:32 pm
sounds like all you want is $ compensation Mopar Muscle Gal
November 29th, 2009 at 3:01 pm
Do not go to the closing. Cancel the mortgage application, and go to the bank for your mortgage. Get the mortgage that you can legally qualify for and don’t get in over your head. Lenders are putting everyone under a microscope right now. northville
December 2nd, 2009 at 12:01 am
You signed the application with the information as stated, and thus will be held to that. You can claim someone changed it, but can you prove it? Hate to say it but it sounds more like you also tried to get away with something (IE knew it was wrong) but thought you could get away with it, and now where caught and am looking for a scapegoat . Now you want them to pay because you are not eligible for the mortgage. Give me a break Pengy