Mortgages

[northernladuk]

True - current contract ends 31st March - but normally dont they ask to see current and previous contract? Maybe with only a month covering to March might red-flag it?

Last time this was the ask:
· Copies of your previous 12 months and current contracts (signed by both parties with the T&C’s)

· Copies of both applicants previous 3 months business & personal bank statements

· If any background BTL’s – signed copy of the tenancy agreement s and proof of 3 months rental (previous 3 months bank statements)

· Copies of your previous 3 months payslips and latest years P60 (only if any applicant is employed)

You won't need payslips as a contractor. They will take your SA302 which is evidence of earnings but will need a few years.

Either way. You've got a slightly non standard situation with out of date information so speak to a broker. Miss it first time and you go perm you could have a problem if time has moved on.

[ladymuck]

True - current contract ends 31st March - but normally dont they ask to see current and previous contract? Maybe with only a month covering to March might red-flag it?

Last time this was the ask:
· Copies of your previous 12 months and current contracts (signed by both parties with the T&C’s)

· Copies of both applicants previous 3 months business & personal bank statements

· If any background BTL’s – signed copy of the tenancy agreement s and proof of 3 months rental (previous 3 months bank statements)

· Copies of your previous 3 months payslips and latest years P60 (only if any applicant is employed)

No idea. That's the sort of thing I'd ask the advice of a broker for

[DelboyTrotter]

You're not perm yet, can you not get the extra using your current status?

True - current contract ends 31st March - but normally dont they ask to see current and previous contract? Maybe with only a month covering to March might red-flag it?

Last time this was the ask:
· Copies of your previous 12 months and current contracts (signed by both parties with the T&C’s)

· Copies of both applicants previous 3 months business & personal bank statements

· If any background BTL’s – signed copy of the tenancy agreement s and proof of 3 months rental (previous 3 months bank statements)

· Copies of your previous 3 months payslips and latest years P60 (only if any applicant is employed)

[ladymuck]

Making the switch to Perm in April after 12 years contracting and was looking at additional borrowing to fund extension but existing deal was via Freelancer Financials - looking at my existing lender (2 years into a 5 year fixed rate), for income proof for an employed applicant they only need 1 month pay slip - been a long time since I've applied as an "employee" - I always thought it was 3 months payslips? Or is 3 months of bank statements?
Nothing of particular note at my current lenders help page:

https://www.clydesdalebankintermedia.../how-to-apply/

You're not perm yet, can you not get the extra using your current status?

[xenomorph]

anyone used bennison brown mortgages?

[Lance]

All companies frown on loans for deposits. Even if its from the entity they're are dealing with for LTV calculation lol

So it seems.

Looks like I might have to commit fraud and tell them it's a dividend when it's really a loan. Not that they'll care as long as they get the repayments.

[DelboyTrotter]

Making the switch to Perm in April after 12 years contracting and was looking at additional borrowing to fund extension but existing deal was via Freelancer Financials - looking at my existing lender (2 years into a 5 year fixed rate), for income proof for an employed applicant they only need 1 month pay slip - been a long time since I've applied as an "employee" - I always thought it was 3 months payslips? Or is 3 months of bank statements?
Nothing of particular note at my current lenders help page:

https://www.clydesdalebankintermedia.../how-to-apply/

[ladymuck]

Talking of electoral registers, I've noticed that on soft searches I come up as not being registered when I have been for 4+ years. I can only imagine it's because I opted out of being on the public register. I would hope a proper search would correctly pick up that information.

[cannon999]

Mortgage approved. Whole process from asking for a 2nd mortgage to being made an offer including review of all documents and house being revalued took two weeks.

So it appears those asking for a stamp duty extention are being held up else where in the process. Probably solicitors as they have always taken ages even before COVID!

Solicitors are absolutely fcking useless.

[BlueSharp]

Mortgage approved. Whole process from asking for a 2nd mortgage to being made an offer including review of all documents and house being revalued took two weeks.

So it appears those asking for a stamp duty extention are being held up else where in the process. Probably solicitors as they have always taken ages even before COVID!