Birmingham Midshires

Has anybody fallen foul of Birmingham Midshires latest tactics, whereby they will approve your buy to let mortgage on a rental income basis and then after the survey has been done they will treat the case as a full status case whereby they require P60's payslips for employed people or SA302's if the clients are self employed. A cynical person would view this as a way of Birmingham Midshires obtaining their £250 admin fee per case as "a nice little earner" for themselves whilst their investor clients are losing properties through a last minute change in criteria. ( could this be the lloyds group influence??). What they seem to have forgotton is that most investors that are serious about property investing have to move quick on properties otherwise they lose them, but as BM are collecting £250 a time do they care??. They need to realise that they should be in the market seriously or just pull the shuttters down and leave it to the professional BTL lenders when they return to the market.Last we heard over 1500 cases were cancelled by BM after survey was done you do the maths

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