Originally posted by jamesbrown
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Mortgages
Collapse
X
-
-
Originally posted by cannon999 View PostDoesn't make sense, the market returns well above the interest rate - I would rather dump money into stonks than overpay on the house.
Meanwhile, I hope you have stonking success with your stonks.Comment
-
Originally posted by Eirikur View PostI'm nationwide customer for 15 years had my previous mortgage with them and paid of very quickly. The max they will offer me doesn't even buy me a parking space in London.
I'm sure your circumstances are completely different from mine.
As someone has already said, the key factor seems to be the deposit.
Last year I applied for a mortgage with a bank I had been customer of for almost 10 years. Had a 15% deposit because that's what our useless broker recommended and got rejected. Moved all my money to another bank because feck you obviously...
Recently I applied with Nationwide, I'm not a customers (although my partner is, and she's also in permanent employment), never have been, but I put up a 20% deposit, and got an offer within 3 weeks, despite having 2 months on the bench in November and December 2020.
So yeah, if you can afford it, up your deposit.Comment
-
Just put an application in for a mortgage extention. Questions that came up have I had covid benifits, am I a critical worker and a max LTN of 80%. Direct with Metro bank who are using day rate.
Fingers crossed it approved end of the week.Make Mercia Great Again!Comment
-
We've just completed on a remortgage from Halifax where our 5 year fix was coming to and end to Nationwide on another 5 year fix at 1.44%.
I called Halifax in September and October and they refused to talk about remortgage options until 6 weeks before the end of our fix which would mean only 20 working days to sort due to Christmas and New Year. They obviously didn't want our business.
So I called up Nationwide and we were put through to the team that deals with contractors and it was a breeze. They did need SA302s and Personal Tax Year overviews.
Our LTV is very low, so that would have helped.Comment
-
Originally posted by bownyboy View PostOur LTV is very low, so that would have helped.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
Originally posted by bownyboy View PostOur LTV is very low, so that would have helped.Comment
-
Originally posted by Paralytic View PostIt would help if you said what your "very low" LTV is. To me, that means it is less than 20%, to others, it might indicate less than 40%.
Sent from my iPad using Contractor UK ForumComment
-
Ok finally found a mortgage provider that is willing to lend me what I need, Santander in my case.Comment
-
My wife in an independent Mortgage Consultant. She is busier now, than she has ever been. There are more and more moving outside London...I was an IPSE Consultative Council Member, until the BoD abolished it. I am not an IPSE Member, since they have no longer have any relevance to me, as an IT Contractor. Read my lips...I recommend QDOS for ALL your Insurance requirements (Contact me for a referral code).Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Contractor MVL Solution from SFP Today 15:41
- IR35: With secondary factors as his props, Stuart Barnes got over the line with 'in-business' Today 10:25
- Contractors' Questions: Is an HMRC list some 15 years too late a remedy to Disguised Remuneration? Today 09:37
- What Big Tech layoffs mean for the UK's IT contractors Yesterday 09:16
- Missed yesterday's tax deadline? Contractors, you should act now Yesterday 08:05
- How much does the HMRC Loan Charge cost contractors, in tax terms? Jan 31 09:17
- HMRC adds three AML schemes to its tax avoidance blacklist Jan 31 09:06
- Chancellor Jeremy Hunt's new growth plan leaves IT contractors flat, or in disbelief Jan 30 09:56
- How does IR35 insurance for contractors work, in practice? Jan 27 18:49
- Already know you'll miss Tuesday's tax deadline? Proceed at your peril Jan 26 09:50
Comment