Mortgage Lenders Who Only Use Experian

[northernladuk]

Halifax need 2 years books. I called Nationwide, it seems they require 2 years books also.

I'm sure these aren't the contractor specialists. As I say Freelancer Financials sorted me out with around a year. Mix of employment and accountant verified figures was fine. Let FF do the legwork for you.

[WTFH]

Go through a broker. Let them do the hard work.

[jamesbrown]

Here you go (scroll down), although it's probably not guaranteed. Some use different agencies for different stages of an application:

https://www.moneysavingexpert.com/cr...edit-reference

[revelator1969]

Most of them require two years books which is why you are advised to go to a specialist contractor mortgage broker.

They are use to dealing with contractors regardless of the profession.

Btw there are different ways of calculating a mortgage which is why using a broker is likely to get what you want.

Ok many thanks. I have now contacted Freelancer Financials to see if they can help.

[northernladuk]

Ok many thanks. I have now contacted Freelancer Financials to see if they can help.

Am sure you'll be fine. Good luck.

[revelator1969]

I'm sure these aren't the contractor specialists. As I say Freelancer Financials sorted me out with around a year. Mix of employment and accountant verified figures was fine. Let FF do the legwork for you.

Thanks for the reply, i have contacted Freelancer Financials, their fee is £600, lets see if they can help me.

Go through a broker. Let them do the hard work.

Yeah i need to because of my circumstances.

Here you go (scroll down), although it's probably not guaranteed. Some use different agencies for different stages of an application:

https://www.moneysavingexpert.com/cr...edit-reference

I have read that info on MSE, its not accurate, it says Nationwide is experian only, i called and checked and they actually use all 3.

[revelator1969]

Am sure you'll be fine. Good luck.

many thanks for the recommendation

[fullyautomatix]

Cant you wait for a couple years before buying a property?
With Brexit round the corner, house prices will crash by 50% and then you can pick up a bargain with no need for a mortgage

[revelator1969]

Cant you wait for a couple years before buying a property?
With Brexit round the corner, house prices will crash by 50% and then you can pick up a bargain with no need for a mortgage

The experts are never right so where did this gem of information come from?

[Freelancer Financials]

WCS. It doesn't mean a lender has to pay any attention to it of course, but it might give you opportunity to plead your case to an underwriter if the application refers/rejects.

HBOS/Lloyds/TSB used Experian data for their scorecard in 2012. Not sure about Equifax. Most lenders seem to use CallCredit for income verification (to see what's going through your current account). I also thought Halifax was a 'contractor friendly' lender who would work on your contract only? Provided you've a reasonable track record (CV) and at least a month to remaining on your current contract then they're happy.

Not necessarily. I agree Halifax are Contractor Friendly when it comes to lending criteria but they still have to carry out a credit search are score like every other lender. Depending on how adverse the credit information is a mortgage broker can negotiate with an underwriter on your behalf. Especially if one of these reports is showing conflicting results. Are you using a broker?