Because Im on a relatively low income and my ex (due to my sons) has kept all equaty from the house (until my youngest reaches 18) where is it possible to obtain a morgage for a larger amount than the normal credit brokers would allow. Nothing ilegal or loan sharking please.
2006-10-11 11:45:43 · 9 answers · asked by thedazzleman 1 in Business & Finance ➔ Renting & Real Estate
I went to see a morgage advisor through an estate agent. They are free as they earn commission from any companies their clients go to. They have knowledge of all the different morgage companies and what they offer and know how to deal with them, the right things to say etc.. I managed to buy a flat even though I'm self employed and my earnings vary - there's no way I would've known how to do it otherwise as the morgage companies just laughed at me when I went to them on my own!
2006-10-11 12:00:22 · answer #1 · answered by K T 1 · 0⤊ 0⤋
Rule of Thumb: you may arise with the funds for to purchase a house 2 cases your annual income, no extra desirable than thrice it. not something in that budget here, yet according to probability on your area, a house? in case you shop and shop and shop and have a respectable down fee, you strengthen your probabilities of private loan approval. you prefer stable credit status, good employment, sufficient income, low debt load, etc. it extremely is finished, yet not immediately, and demands lots self self-discipline by using you 2. to speed up the possibility, a 2d interest could help, extremely in case you shop all the income from 2d interest. IMHO, precise now you may desire to evaluate preparation, getting preparation, certificates, so as which you would be able to each pass into greater paying jobs. yet save saving and protecting stable credit and making plans to your destiny as homestead owoners.
2016-10-16 02:21:20 · answer #2 · answered by ? 4 · 0⤊ 0⤋
You can go self certification. This means the lender does not check your income. They are all above board but you must be careful not to overspend. You need a chat with an independent Mortgage adviser. try www.thepremiergroup.co.uk
2006-10-13 02:35:07 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Id agree, look at shared ownership (mortgage for a percentage of property, say 50% on average, so a £200K home becomes £100K), rent normally payabe on the rest. Places like homebuy and homes2ownuk.com to find more details.
2006-10-11 20:43:40 · answer #4 · answered by robert m 7 · 0⤊ 0⤋
Look into shared ownership through a local housing association, it should be possible for you to borrow less to purchase a share of a property and pay subsidised rent on the remainder.
2006-10-11 12:04:12 · answer #5 · answered by itom200 2 · 0⤊ 0⤋
There are programs for folks with no income. There are plenty of options for people looking to purchase homes.
2006-10-12 07:10:53 · answer #6 · answered by Matthew L 2 · 0⤊ 0⤋
Apply online at www.surefirefinance.co.uk they will get back to you with an offer and you can go from there regarding which type of mortgage you want (self cert. etc.)
2006-10-12 07:20:11 · answer #7 · answered by Anonymous · 0⤊ 0⤋
have you tried st george,im a single mum,and they were there for me where others would not,and still are, what have you to lose
2006-10-11 11:58:45 · answer #8 · answered by smexygirl 1 · 0⤊ 0⤋
try going to regency mortgages,
2006-10-12 00:33:10 · answer #9 · answered by jackie d 4 · 0⤊ 0⤋