Free mortgage advice?

[Carm F]

Hi, small time lurker here.

Fairly new back to the contracting world and need some advice please.

I was mid property purchase when the chain broke down, the surveyor found japanese knotweed on a related property and the seller of the house I wanted has now decided to stay put until after Brexit.

I have now found another house I want 3 properties away from the original house and had my offer accepted, but my mortgage offer has run out. I've spoken to Santander about renewing it for a different property as they are similarly priced but becuase of my new position they want me to give them 2 years accounts or an accountants certificate. I was previously paid through my umbrella but this time have set up my own company so cannot provide accounts! I wrongly assumed that becuase my mortgage had already been agreed I could simply change the property and continue as before. Cue PANIC

I've yesterday and this morning explained my situation to 2 different mortgage brokers, both of which have said they can help but want close to £1000 to deal with the mortgage lender for me, they wont tell me which mortgage lender, simply various.

I got my first mortgage offer with Santander without paying any fees, because I banked with them it was pretty easy, plus I was employed permanently.

Does anyone have experience with dealing with a broker for their mortgage that doesnt charge any fees? if so who? specifically for someone in my position? I have been told I can use my day rate annualised.

I am reluctant to pay 1000 for a mortgage when I could use that for furnishings!

The estate agent has asked for my mortgage details and Ive given them the girl from Santander, I'm worried they'll speak with her and she tells them I cant get a mortgage so any help would be greatly appreciated.


Carm

[Scruff]

Pay a Professional to give you professional advice.

A decent mortgage advisor will save you a lot more than £1000.

Quick exit...

[northernladuk]

Speak to John Yerou at Freelancer Financials. I've used them a number of times and never had any of the issues you mention.

Fill in a fact finder sheet from them and jobs done.

There is a charge but it's less than yours and it was worth every penny for ease and peace of mind.

[northernladuk]

And I'd expect a lurker of any size to know not to post in General...

[scooterscot]

Don't borrow money until after 2020, wait until the recession is gone and dusted.

[SimonMac]

I’ve just completed with CMME, yes you pay for their service but they got me a much better deal than I managed to find for myself from my bank

[DimPrawn]

Here's some free advice, why are some lenders beginning to shut up shop? Is it because the next credit crunch is just around the corner...

Magellan Homeloans stops new lending | Mortgage Introducer

[Lance]

Don't borrow money until after 2020, wait until the recession is gone and dusted.

fool.

Borrow money now as the inevitable inflation (caused by recession) will reduce its cost quicker than interest.

[DimPrawn]

fool.

Borrow money now as the inevitable inflation (caused by recession) will reduce its cost quicker than interest.

You are assuming that with price inflation comes wage inflation. Fingers crossed...

[Lance]

You are assuming that with price inflation comes wage inflation. Fingers crossed...

that helps.
But it doesn't change the fact that the cost has gone down. Even if the ability to pay has also gone down.