nationwide want a reference

[boredsenseless]

Really, self cert is the easiest way to do it.

Self Cert help from moneyfacts

And from this board:

http://www.contractoruk.com/money/

Why the hell would any person with a proven income stream and certified accounts (and/or P60's and accepted self assessment forms) bother with self-cert.

It costs more and if you've got the ability to pay the mortgage you should have the ability to prove it. If you can't prove your income 95% of the time its because it doesn't exist.

Self-Cert are there primarily for tricky cases where income is derived from so many sources (but is obviously in existence) that it is easier to pass the onus to the customer to declare their earnings.

Remember if you self-cert and fabricate (i.e. they can at any time ask for proof that you self certificated earnings are correct) and hey find out they can (if you are in arrears) repossess the house and get you put in jail for fraud.

Don't mess with self-cert unless it really is the only option, and with most high-street banks falling over themselves to lend money on the most flimsy evidence of income I wouldn't go down that route.

[boredsenseless]

The advice you are giving doesn't work with some building societies, they want an independant employer ref FACT!

Not true (and yet true) depends which building society and how you approach them.

If you wander in of the street or call the call centre you are probably correct, if you make an appointment with their specialist lending team (or better still employ a mortgage broker) then you'll often find the answer is different.

However it all depends on which day of the week, which advisor and what the latest key performance criteria is in the bank/bs at the time.

[mcquiggd]

Ask them for one back. For the specific person who is dealing with your application, including their salary, monthly expenditure, and 6 months bank statements.

[boredsenseless]

Ask them for one back. For the specific person who is dealing with your application, including their salary, monthly expenditure, and 6 months bank statements.

Smart answer but unfortunately in this instant the OP wants something from them so they can ask for what the hell they like

[mcquiggd]

True, but... he can take his business elsewhere... MoneyExtra found me a mortgage through Abbey National (as they were called), all products available even though I had only been contracting 3 months. The rules of the game may have changed, but, if you can lay down some cash, I would imagine most high street lenders will pay attention....

[DimPrawn]

The advice you are giving doesn't work with some building societies, they want an independant employer ref FACT!

What the feck is an independant employer?! An employer is an employer.

It might not work for you bag-o-pus, having the charm of a freshly laid dog turd, but anyone with an ounce of business skills can do it.

You don't go in and say "of course my employer XYZ ltd is just a tax vehicle for me to be a disguised employee of ABC ltd".

You say "My current job is senior programmer / BA / software architect / whatever permie title. Currently I am employed by XYZ ltd in Town Y and my income is £123456"

Here is the complex process.

You go in. you talk to the adviser. You fill in the forms. You put down XYZ ltd as your employer. They ask for a reference (usually a letter from the company to confirm you work there, often they don't even bother). Your accountant / co sec sends one on headed official company paper. It says "Dear Bank, This is to confirm Mr Thicky is an employee. Thanks."

Bingo! it is done. NO different to if you work for IBM, Microsoft or even MacDonalds.

Deary me. Getting a mortgage has got to be the easiest thing in the world these days. He who dares Rodney!

[wc2]

from my agency before theyll give me a mortgage. Is being a contractor a problem for nationwide? My brother is a contractor and got his mortgage fine through halifax no references asked for. Or is it just me?

Give them a really wide birth.

I used to have my savings account with them 10 years ago

I was looking for a mortgage of 48k

1st it was a reference from my Agency.
2nd it was a copy of my CV

6 weeks after applying for the mortgage they turned me down. They had telephoned the HR dept of one of the companies listed and asked for a reference (The Company said I had never worked there) by then I really did not have the energy to argue. It was a contract FFS

I paid a mortgage broker £350 on a Monday evening. He phoned me on Tuesday morning saying the mortgage company will give you a mortgage up to 120k

[milanbenes]

what's a mortgage ?

am I making a mistake by not having one ?

should I take one on a separate property, jus to take advantage
of the availability ?

Confused from Scandinavia.

Milan.

[wc2]

what's a mortgage ?

am I making a mistake by not having one ?

should I take one on a separate property, jus to take advantage
of the availability ?

Confused from Scandinavia.

Milan.

Maybe you should stop renting and buy

[milanbenes]

he he nice one

seriously though, I do contemplate/wonder about buying a city
center apartment in central europe on a mortgage, just to
have something on a mortgage, as we know it's money for
nothing, as long as the rent covers the costs, the capital
appreciation over a 25 year period will always win

Milan.