Reply to: Mortgage

[ratewhore]

Well done, I laugh at the idiots who live down south and boast how much they have to pay for a 2 bedroom flat, where you could get a 4 bedroom detached up north. One born every minute, London must be full of mugs.

That's what I love about cuk - the ability to pierce through the constant trivia and home in on the important message...


...oh yeah - and the sweeping generalisations!!

[Diestl]

ratewhore: no, i live in birmingham. it's a 3 bed end terrace with a garage. we got lucky with the price. i know the area the house is in (friends living on the same road), and i've had all the appropriate surveys etc. done, so hopefully no nasty surprises

Well done, I laugh at the idiots who live down south and boast how much they have to pay for a 2 bedroom flat, where you could get a 4 bedroom detached up north. One born every minute, London must be full of mugs.

[jim2406]

ratewhore: no, i live in birmingham. it's a 3 bed end terrace with a garage. we got lucky with the price. i know the area the house is in (friends living on the same road), and i've had all the appropriate surveys etc. done, so hopefully no nasty surprises

[ratewhore]

6 weeks in, i approached contractor financials and they have just arranged me a 145k mortgage, with no deposit, via northern rock.

Do you live oop north by any chance?

[Ivor1]

Halifax were my saviours, hadly any questions asked, but then I did have an account with them nearly all my life, I think this helped.

I went with Halifax agreed not many questions BUT rates are not great. Also at the end of the term of the morg if you dont move but just remorg you get a worse rate than if you moved house.

[el duder]

Anyone know banks etc that don't require the 1 year of account for contractors.

Alliance and Leicester. 3 months pay slips.

I got a 200k mortgage loan with them in about 1 week.

[monkeygeorge]

Halifax were my saviours, hadly any questions asked, but then I did have an account with them nearly all my life, I think this helped.

[Mustang]

Self cert is the way to go. Happy to pass on the name of my broker by IM! Try Birmingham Midshires for a start.

Good luck!

[gadgetman]

My financial adviser got me a non-status mortgage with Northern Rock, no problem (no proof of income required)...

[Sockpuppet]

pay slips from perm jobs for last 6 months

Wtf has that got to do with it?

"I see you were a lowly paid machine, now you've learned to think for yourself".

My last perm job was so badly piad it hurt...whats that going to prove. Grrrr.


Also, anyone had any luck negotiating these "arrangement fees". I'm thinking of having a go.

At the moment my style is "Cancel those fees or I'll **** off elsewhere...you're not the only people who can lend me money". Seems to be working.

[jim2406]

hi,

i am new to contracting - i am in the 5th month of my first contract.

6 weeks in, i approached contractor financials and they have just arranged me a 145k mortgage, with no deposit, via northern rock. im on a weekly rate of around £1200, they were prepared to loan upwards of 200k.

all i needed to provide was:

6 months bank statements
pay slips from perm jobs for last 6 months
copy of current contract
anything else that may be useful (eg invoices etc)

no hassle, fantastic service. highly recommend it.

jim

[glashIFA@Paramount]

Thats how I got the illustration for Northern Rock. I'll phone them again and see what they make of it.

Woolwich are pretty good too.

[Ruprect]

contractormoney sorted mine out. They were great, would recommend. Also they claim to be able to get you a mortgage just with a copy of your contract (I think) - no accounts needed. They claim to have organised a mortgage for a client who had been contracting for 2 weeks...

[Sockpuppet]

Sockpuppet,

Try to call contractormoney. They specialize in mortgages for contractors.

Thats how I got the illustration for Northern Rock. I'll phone them again and see what they make of it.

[expat]

Any mortgage broker should take this in his stride.

Sorry, I had meant to reply to the OP. I.e., any mortgage broker should be able to search the market for self-cert deals not requiring more accounts than you have, and taking into account the deposit you have.