so i can just arrange a mortgage now for a larger amount with my current provider and then just put it on hold until we find a house later on in the year?
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Well that depends if you can raise what you need on your current income. But if you can and you get an offer in principal it can last for a few months.Originally posted by 2scoopsso i can just arrange a mortgage now for a larger amount with my current provider and then just put it on hold until we find a house later on in the year?
The traditional risk adverse lenders (mainly the building societies) are scared of contractors/ the self employed, especially if you have less than 3 years accounts. If you have to wait until you are in contract then an intermediary is the best way.
Best of luck
BPThe court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.
But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”Comment
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hmm i wonder how many months they would give you an offer in pincipal, anyone done it before?Comment
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Talk to your existing mortgage provider as they will usually offer you something based on your payment history and ignore your income.
Alternatively, your bank will have some sort of pre-approved mortgage limit against you. They don't like admitting they have these but just stroll in and ask them straight off what it is and they'll um and aah and then tell you. I did this a couple of years ago and they affered me an outrageous amount straight off which was way higher than I was comfortable with (fortunately the wife wasn't with me so I toned it down a couple of hundred thou before I told her).Guy Fawkes - "The last man to enter Parliament with honourable intentions."Comment
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Move house first. You can pick and choose the best deal without any "new contractor" hassles.Originally posted by 2scoopsNo first name isn't ED
Unfortunately we couldn't just take the mortgage with us, because we'd need to renegotiate as we looking at increasing our mortgage by about 50% for a larger property - as we now both earn alot more than we did when we originally took out the mortgage.
Or are you waiting for "the crash"?Comment
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3 weeks and counting by my guess.Originally posted by wendigo100Comment
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It's a 'correction' and not a 'crash'. People tend to get upset if you say the word crash.Originally posted by wendigo100Comment
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Interest rates up..... we're doomed!Comment
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Boomed, my friend, boomed.Originally posted by SockpuppetI'm Spartacus.Comment
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