got approved (Monday) by HSBC on a tracker.
Only had 1 yr ltd accounts, but sent in tax returns as proof of previous income.
LL
Only had 1 yr ltd accounts, but sent in tax returns as proof of previous income.
LL
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Hmmph. Contractor Money??? I spoke to one of thier "advisers", sorted out what mortgage i wanted to go for and mailled him to move forward a week and a half ago. He hasnt acknowledged the email or responded to my email chasing either.
Im looking for another vendor now.Comment
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What interest rate did u get? And what was the LTV?Originally posted by Lazylobster View PostComment
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.. in the form of ? the Revenue does not provide any receipts as I remember ..Originally posted by Lazylobster View PostComment
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Maybe he means P60's?Originally posted by Lumiere View PostIn case of emergency, break dance.Comment
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Have to agree with the comments re First Direct. Works just like a regular bank account as well so you can choose to overpay, underpay, withdraw mortgage capital without notice if you're a bit short, or pay just the interest which is great if you're benched for a few months. They are also always quick to pass on rate cuts and both the website and telephone service is excellent.
FD overdrafts are also free if you have a mortgage with them and they accepted me with two years accounts - no hassles.
Only downside nowadays is that that the arrangement fee is a bit steep, but I've had mine since 2002 when it was only about £199.Sval-Baard Consulting Ltd - we're not satisfied until you're not satisfied.
Nothing says "you're a loser" more than owning a motivational signature about being a winner.Comment
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Do you have to bank with them to get a mortgage ? I had a FD current account several years ago but then closed it when they introduced a monthly fee.Originally posted by Svalbaard View PostComment
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Thanks all. I will definitely look at First Direct. My accountant is recommending Woolwich (Barclay’s) which is the one I have been offered. I contacted Contractor Mortgages but yet to get a response.
RangComment
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No, I didn't have an account with them before. But you are required to open an offset account which works in conjunction with the mortgage.Originally posted by Lumiere View Post
As Bellymonster says an offset account is an ideal place to keep your emergency cash fund and personal income tax amount (for payment on account) tax free.
And as stated you can borrow money back all the way up to your original LTV amount (e.g. 75%) without hassle.
This gives an added incentive to make big overpayments, which you can automate, without worrying that you may need the money back if benched.
There used to be a price for this flexibility but since the credit crunch most of their deals have had no higher interest rates than most conventional mortgages.Comment
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My self-assessment statement (prior to starting Ltd) would have given a good idea of my income...Originally posted by Lumiere View Post"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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