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Any brokers around... looking for self cert deal
inmypocketnottheirs
Posts: 4,745 Forumite
Hi!
If there are any brokers remaining, what deals are currently available on the following basis:
Purchase price: £280,000
Mortgage Req: £140,000
Term 20 years.
Self employed (self and wife) joint income £50,000 (35k + 15k).
Self cert required.
Any further info required pls pm me.
Thanks!!
If there are any brokers remaining, what deals are currently available on the following basis:
Purchase price: £280,000
Mortgage Req: £140,000
Term 20 years.
Self employed (self and wife) joint income £50,000 (35k + 15k).
Self cert required.
Any further info required pls pm me.
Thanks!!
Don't lie, thieve, cheat or steal. The Government do not like the competition.
The Lord Giveth and the Government Taketh Away.
I'm sorry, I don't apologise. That's just the way I am. Homer (Simpson)
The Lord Giveth and the Government Taketh Away.
I'm sorry, I don't apologise. That's just the way I am. Homer (Simpson)
0
Comments
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please ceck the forum rulesI am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it.This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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please ceck the forum rules
Thanks for that.
As a broker, have you anything you can recommend?Don't lie, thieve, cheat or steal. The Government do not like the competition.
The Lord Giveth and the Government Taketh Away.
I'm sorry, I don't apologise. That's just the way I am. Homer (Simpson)0 -
inmypocketnottheirs wrote: »Thanks for that.
As a broker, have you anything you can recommend?
Ive just had a quick sweep of the market
there are fixes from 5.99% for 2 years or 6.49% for 3 years
Pretty much no trackers for selfcert out there currently
the big thing with selfcert right now is fees (the 2 year fix quoted carries a fee of 2.5% and the 3 year fix has a fee of 1.5%)
Let me know your thoughts on the above.
Im out of the office now but I will PM you
Thanks
Anthony Horwich CeMAP0 -
inmypocketnottheirs wrote: »
Self cert required.
I'm not a mortgage broker, but are you sure you need a self cert? As I understand it, you don't need to self cert just because you are self employed.
My 'advice' is to post as much as you are happy to in this public forum (eg why you believe you need to self cert) and you will get more help and ideas (that others can benefit from too). Be wary of any brokers who PM you.0 -
Can you explain why you think you need self cert?
How long have you been self employed?
How many years accounts do you have?
You may be surprised that you could actually get a high street deal as opposed to self cert! I think you might appreciate a discussion with a broker who will look at those avenues first as opposed to one who will just look at self certI am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Can you explain why you think you need self cert?
How long have you been self employed?
How many years accounts do you have?
You may be surprised that you could actually get a high street deal as opposed to self cert! I think you might appreciate a discussion with a broker who will look at those avenues first as opposed to one who will just look at self cert
I have sent you a PMDon't lie, thieve, cheat or steal. The Government do not like the competition.
The Lord Giveth and the Government Taketh Away.
I'm sorry, I don't apologise. That's just the way I am. Homer (Simpson)0 -
inmypocketnottheirs wrote: »Thanks for that.
As a broker, have you anything you can recommend?
absolutely, but not without going through a fact finding process first. My first questions would be along the lines of sources and proveability of income, existing arrangements, credit history and so forth. I would avoid self-cert if at all possible as rates are currently very significantly higher than "prime" deals.I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it.This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
InMyDreams wrote: »I'm not a mortgage broker, but are you sure you need a self cert? As I understand it, you don't need to self cert just because you are self employed.
My 'advice' is to post as much as you are happy to in this public forum (eg why you believe you need to self cert) and you will get more help and ideas (that others can benefit from too). Be wary of any brokers who PM you.
This is true the more info you post the better advice you will receive. BTW this is my first post so hi all im Jason! You may be better served with a fast track mortgage rather than self certification as fast track is where you get a good credit score and no proof of income is needed and you get to get all the best products. Self Cert mortgages tend to be higher risk and therefore the income multiples can be less generous than that of some who can prove their income so you never know you may be in a better pos than you think especially at that LTV. With this is mind you could be looking at rates with high street lenders as low as 4.5% with free val & legals and i say just, but based on current market conditions competitive, an arrangement fee of 995 that can be added!
Good LuckYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
You may be better served with a fast track mortgage rather than self certification as fast track is where you get a good credit score and no proof of income is needed and you get to get all the best products.
Be wary following this advice
Fast track and self cert reserve the right to ask fro any information they deem necessary - including proof of income
So no need to fast track as long as there is proof of income thereI am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
correct me if im wrong, but im pretty sure 'fast track' is not for self employed applicants who cant prove their income!!!I am a mortgage advisor:A0
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