Mortgages in this crunchy environment

[Tensai]

Anyone tried to get a contractor mortgage in the last couple of months? I'm hearing dire things about the lending market, and "contractor" mortgages tend to challenge the average underwriter's brain a bit. I guess in these credit crunchy times that's going to be even worse.

I know about the specialist companies but too early to start looking for my re-mortgage yet. Just looking for recent experiences.

[ratewhore]

I did, I chose a fixed rate though :-( good rate mind :-)

I didn't find the contractor specialists competitive. Go through a mortgage broker and you should be OK...

[Sausage Surprise]

Just remortgaged from Leeds to C&G this week. No problems at all...even borrowed a bit extra. I went for the tracker just above base rate.

[portseven]

Just been approved 'in principle' for one with Intelligent Finance, went for the 3 year tracker, also at the same time a BTL with C&G (interest only)

Just need to show current contract and bank statement as proof.

[Peter Loew]

No prob so far. Got a tracker just above BoE base rate.

[Peter Loew]

Just been approved 'in principle' for one with Intelligent Finance, went for the 3 year tracker, also at the same time a BTL with C&G (interest only)

Just need to show current contract and bank statement as proof.

I got the same damn thing with IF, but 2 year tracker!

[Sausage Surprise]

Just been approved 'in principle' for one with Intelligent Finance, went for the 3 year tracker, also at the same time a BTL with C&G (interest only)

Just need to show current contract and bank statement as proof.

They were more than happy with my last 3 monthly invoices

[AtW]

They pay me when I remorgage my castles.

threaded.

[Bear]

Anyone tried to get a contractor mortgage in the last couple of months? I'm hearing dire things about the lending market, and "contractor" mortgages tend to challenge the average underwriter's brain a bit. I guess in these credit crunchy times that's going to be even worse.

I know about the specialist companies but too early to start looking for my re-mortgage yet. Just looking for recent experiences.

Yes - I've just got a mortgage agreed with Halifax on Thursday. 0.19% above base rate.

[~Craig~]

do people think there is going to be a drop in house prices over the next couple of years?

I'm thinking of moving up from flat to house and am considering selling my place as soon as possible and then moving into rented house for a year or so and see what the market does.

At least this way I could release any growth in my current place.