Comments on: Low Rate Spanish Mortgages -Update http://www.international-mortgages.org/blog/spanish-banks-desperate-sell-growing-property-portfolios/?utm_source=rss&utm_medium=rss&utm_campaign=spanish-banks-desperate-sell-growing-property-portfolios The Latest Spanish Mortgage News Sat, 12 Feb 2011 02:12:26 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: admin http://www.international-mortgages.org/blog/spanish-banks-desperate-sell-growing-property-portfolios/comment-page-1/#comment-1150 admin Wed, 01 Sep 2010 09:24:03 +0000 http://www.international-mortgages.org/blog/?p=191#comment-1150 All I can say is we publish every comment we receive about Ubiquitous/ Low Rate Spanish Mortgages whether it's a complaint, a recommendation or from the owner, Mark Foreman. Be aware that the ubiquitous listings you see in Google are <ul> paid</ul> adverts. Any company or individual can advertise here - there is no vetting whatsever by Google for financial services. If they were advertising UK mortgages then the ads would be covered by the FSA guidelines but as they are for International mortgages they are not. It's also worth noting that the more you are willing to pay for the ads the higher up your ad appears in the listings. Since UM (or LRSM) have been paying for these adverts for many years in the top position it goes without saying that these ads are making them more money than they cost. All I can say is we publish every comment we receive about Ubiquitous/ Low Rate Spanish Mortgages whether it’s a complaint, a recommendation or from the owner, Mark Foreman.

Be aware that the ubiquitous listings you see in Google are

    paid

adverts. Any company or individual can advertise here – there is no vetting whatsever by Google for financial services. If they were advertising UK mortgages then the ads would be covered by the FSA guidelines but as they are for International mortgages they are not.

It’s also worth noting that the more you are willing to pay for the ads the higher up your ad appears in the listings. Since UM (or LRSM) have been paying for these adverts for many years in the top position it goes without saying that these ads are making them more money than they cost.

]]> By: Sarah D http://www.international-mortgages.org/blog/spanish-banks-desperate-sell-growing-property-portfolios/comment-page-1/#comment-1149 Sarah D Wed, 01 Sep 2010 01:52:31 +0000 http://www.international-mortgages.org/blog/?p=191#comment-1149 I am in the process of buying a property and found ubiquitous-mortgages.com to at the top of most search engines. Is this a genuine business of not? I am concerned that they have requetsed the up-front valuation fee and I have the words from the aforementioned stories resounding in my head! To proceed or not to proceed? That is the question?! I am in the process of buying a property and found ubiquitous-mortgages.com to at the top of most search engines.

Is this a genuine business of not? I am concerned that they have requetsed the up-front valuation fee and I have the words from the aforementioned stories resounding in my head!

To proceed or not to proceed? That is the question?!

]]> By: Matt Onel http://www.international-mortgages.org/blog/spanish-banks-desperate-sell-growing-property-portfolios/comment-page-1/#comment-1108 Matt Onel Sat, 05 Jun 2010 00:30:28 +0000 http://www.international-mortgages.org/blog/?p=191#comment-1108 I was approached by ubiquitous mortgages and offered a multi currency mortgage for property in Turkey. They want me to pay the in-house valuation fee upfront as well. These people have no idea how the buying process works in Turkey as UK nationals require to go through a military clearance process which usually takes about 3 months before a property can be registered in their name (and therefore be mortgageable!). Also, if the property is 'valued' on a desktop from Singapore how can they be sure of the risk factor for the lender's / underwriter's capital is tied to? in other words, how do they know the property is really worth the amount of credit they're offering? This all sounds a bit too suspicious in the way that they gave me an agreement in principle within hours. Is there anyone out there who actually DID receive their mortgage through Dominion in Singapore? Can anyone please come forward and do us AND Dominion a huge favour and testify? Cheers, Matt I was approached by ubiquitous mortgages and offered a multi currency mortgage for property in Turkey. They want me to pay the in-house valuation fee upfront as well.
These people have no idea how the buying process works in Turkey as UK nationals require to go through a military clearance process which usually takes about 3 months before a property can be registered in their name (and therefore be mortgageable!).
Also, if the property is ‘valued’ on a desktop from Singapore how can they be sure of the risk factor for the lender’s / underwriter’s capital is tied to? in other words, how do they know the property is really worth the amount of credit they’re offering?
This all sounds a bit too suspicious in the way that they gave me an agreement in principle within hours.

Is there anyone out there who actually DID receive their mortgage through Dominion in Singapore? Can anyone please come forward and do us AND Dominion a huge favour and testify?
Cheers,
Matt

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