Thursday 17 April 2008

sqUEeze

Credit crunch! Got home to a letter from my marine mortgage broker saying - "Dear Sir, we require further information on
1. Renting out your home
2. The whereabouts and funding of the deposit.
So more work - and I hate that detail stuff... off to the Estate Agent, to get letters proving what the house will rent for, and contacting Isa's fund managers to get valuations to send through. But they will take a few days to receive, as they can only be sent through the post to my home. So mean while, - my account is lighter by the brokers deposit (as apposed to the financial deposit) but I still have to prove the total financial deposit.. hmmm confusing, and complicated as I moved the brokers deposit around accounts to get it to my cheque account!!
Come on Guys, I want to borrow 75% of the value of a boat that I have got for the best price on the cut, and I have way more value in my house than you are lending me. I think I'm an OK bet !! Well would have been if Gordon Brown and the banking fraternity hadn't been so greedy that they wrecked our economy, and still can't 'fes up, and put it right for us.

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