Originally posted by kaiser78
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Sad I know. Was watching the series one box set over the last few days (Christmas present) and think it should be compulsive viewing for all primary school kids. Rather polite old boy does over New York criminals - there's got to be a moral story there. Not sure about the multiple shootings, but I guess we can overlook that. Oh and Adam Ant was killed with a sprung loaded knife which was rather comical. -
Not that most of you will be the slightest bit interested, but just in case I thought I'd add that the nice people from the Woolwich have offered me a mortgage. It's very good of them to let me get in debt. In fact they seemed to be the only ones that would without three years worth of accounts. All they have asked for is the current contract, bank statements for the last three months and my cv (which seemed a bit odd, but perhaps they need a front end developer).Comment
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Just a though with the Woolwich. Recently they had some very good offset and tracker deals but based on a minimum loan of 200k. Don't know if they'll still allow it but it used to be possible to borrow 200k at the reduced differential then pay off 60k or whatever to get the borrowing you really required and maintain the lower differential.....Comment
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Did you use a broker or go direct?Originally posted by The_Equalizer View Post
LTV %age if you don't mind me asking?"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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No problem. Went direct, although I ended up speaking to three different advisors (by accident over the course of a few days) one of which seemed more clued up than the others. The LTV is quite low - £140K on house of £410K. That said I've only been contracting 15 months. The first 9 months using an umbrella (Parasol) and the remaining via my own limited. I think the low LTV pushed it in my favour. I mean even with a further downturn - of which I think there's a good chance - they'd get their cash back if I default.Originally posted by Moscow Mule View Post
If I get the house I'm going fixed for three years with an eye on rates being ramped up due to increasing inflation.Comment
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I think contractormoney are offering reasonably high LTV's on a woolwich offset. Their interest rate is slightly high for me mind...Older and ...well, just older!!Comment
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That's the trouble - you need 15% deposit before the rates get sensible. At 5-10% rates are up around the 5-6% mark.Originally posted by ratewhore View Post"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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Another vote for ContractorMoney.Originally posted by oracleslave View Post
First Direct and Woolwich bothtold me to get stuffed, but Contractor Money could arrange a mortage with either of them (based on multiples of rate on current contract) for me, but yes the rate was very slightly higher than the deal if you went direct, but they wouldn't touch me direct, so it was worth the hit.Comment
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Sadly, First Direct stop dealing with Mortgage intermediaries/brokers in 2008.Originally posted by FarmerPalmer View Post
Contractors have to go direct now if they want a mortgage with them. They typically ask for 2-3 years accounts.Comment
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Frankly I recommend going perm for one month, applying for a mortgage and then quitting.
Worked for me.What happens in General, stays in General.You know what they say about assumptions!Comment
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