Help!! Mortgage Probs

[threaded]

This has got to be a troll. No one is that daft? hmm....

[thunderlizard]

I'm reliably informed by the Ocean Finance adverts that Ocean Finance will lend you money when nobody else will. And if you have a face like the side of a sofa.

[DimPrawn]

Re: very little choice

I know it will probably upset your snobby nature, but you could RENT a house for six months. In that time you will have more contractor history and a chance to look around for a bargain and time to secure a decent mortgage.

Now before you say "rent money is money down the drain" what exactly is interest money on a 90% mortgage? Money down the drain.

[planetit]

Re: very little choice

Alternatively you could ignore the advice of knobby contractors and take control of your own life by seeking the advice of a professional. Contact www.contractormoney.com/contractormortgages.html

You will find them very helpful.

[Lucifer Box]

Re: very little choice

Alternatively you could ignore the advice of knobby contractors and take control of your own life by seeking the advice of a professional.

Planetit, that's not the CUK way.

But yes, as most mainstream lenders will only look at you if can produce three years worth of auditted accounts you have these options:

1. Go to a specialist contractor mortgage co like those Planetit highlights, although that is not certain as you only have 6 months under your belt.

2. Rent until you have those 3 year accounts and go mainstream

3. Briefly drop back into permiedom and blag it.

What are your property finance arrangements at present?

[s2budd]

Help!! Mortgage Probs

Hello

Forget the silly comments. Some people are just Ignorant or rude, or both.

I would go and see an IFA and pay them to do the searching for you.

[OrangeHopper]

Are you saying you didn't have a mortgage on the place you just sold.

I had not problems getting another mortgage because I had already had a previous mortgage with another provider.

[privateeye]

IFA

go straight to a couple of IFA's and see who can organise the best deal. The high street outlets don't seem to have the special deals that IFA's get. A few years ago a Halifax branch turned me down but the IFA I went though got me a mortgage via the same - and there were no lies on the application.

[stackpole]

Re: IFA's

I would go and see an IFA and pay them to do the searching for you.

And their solution, no doubt, will include the best finders fee they can get, plus the highest commission they can get for life insurance, and possibly extra commission from a growth vehicle to pay off capital at the end of term.

But at least you'll get your mortgage.

Have you tried Motley Fool?

[allanh1]

Re: IFA's

Speak to a financial advisor, You may heave to self certificate to get the mortgage for now but once you have it its far easier to swap.