Any brokers around... looking for self cert deal

JasonH_3

Fast Track is for anyone who has a good enough credit score usually below 75% LTV depending on the lender of course and if they offer fast track. I probably didnt make myself clear - status lending is easier for lenders to underwrite because they have a clearer picture of the clients in front of them and therefore can offer higher income multiples or more generous affordability calculators and therefore your income may not need to be as much as you think in order to borrow the amount you need.

_Andy_

JasonH wrote: »

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 Luck

Fast track is not appropriate if the applicant doesn't actually have proof of income.

JasonH_3

_Andy_ wrote: »

Fast track is not appropriate if the applicant doesn't actually have proof of income.

Well he hasnt actually said that he doesnt have proof of income only that he thinks he needs self cert. Many clients may have originally taken out self cert when they first went self employed but now may not need self cert - in any case we are specualting because we dont have enough info. With regard your comments on fast track there are lenders that will take bank statements as proof of income even when convential proof of income is not avaliable.

feisty1

Jason H.........as an adviser I would have thot u would have better pratice then using the word advice on here.........save that for yr clients not on a general discussion forum

JasonH_3

feisty1 wrote: »

Jason H.........as an adviser I would have thot u would have better pratice then using the word advice on here.........save that for yr clients not on a general discussion forum

Point taken, apologies

inmypocketnottheirs

Hmmm, for the record. No proof of income, other than bank statements.

Thanks all.

minimike2

Also Jason H, doing business for people off these forums is acceptable, as long as they contact you directly via PM and ask you to do it....pimping for the business isnt acceptable.

JasonH_3

minimike2 wrote: »

Also Jason H, doing business for people off these forums is acceptable, as long as they contact you directly via PM and ask you to do it....pimping for the business isnt acceptable.

Please let me know where I was pimping for business minimike2.
I have absolutely no interest in doing any business of the back of these forums what so ever. I only do business on a face to face basis. I simply fell upon these forums during my lunch break and thought i would chip in with a little well intentioned help. I certainly didnt expect to be insulted for my free input!

inmypocketnottheirs

JasonH wrote: »

Please let me know where I was pimping for business minimike2.
I have absolutely no interest in doing any business of the back of these forums what so ever. I only do business on a face to face basis. I simply fell upon these forums during my lunch break and thought i would chip in with a little well intentioned help. I certainly didnt expect to be insulted for my free input!

For the record JasonH has not contacted me.

JasonH_3

inmypocketnottheirs wrote: »

Hmmm, for the record. No proof of income, other than bank statements.

Thanks all.

Well then perhaps ask your advisor to look into First Actives lending criteria..