remortgage advise needed !!

beecher2

was794 wrote: »

You obviously dont know anything about the topic...!!
Self cert !! dont need to prove income - have enough equity in the property to cover 10-20% needed to apply for celf cert.. just cant remeber what bull !!!! i told derbyshire home loans (how much i earned etc) im gonna apply for a remortgage and hopefully the two companies wont talk to each other !!

Well, good luck with that. There's been a crackdown on self certification, and you will have to prove your income to any new company. You won't get away with fraud this time round.

was794_2

Wutang wrote: »

Absolutely Matt1982, every living minute of this mess-ridden life. All these darned self-certers and income fiddlers. What a mess. This country, eh? What a fine mess.

whats wrong with self certers and income fiddlers - as long as the mortgage is getting paid everythings cool. ?? or not in your eyes?
Its the big boys who have organised the chaos of the financial market who are to blame for the mess - if you see it as a mess that is?

Nearly all people and companies fiddle with there books and the vast majority will never get caught - in my eyes its fine

My personal situation is that I missed 1 mortgage payment (yes thats 1 payment boys and girls!!!) and the second payment was a reduced payment - tried to add the missed payment onto the balance of the mortage - Derbyshire home loans wanted full payment or they would take me to court - I kicked up a fuss with the management there and when i went court the Judge ruled in my favour within 2 minutes - i didnt even speak except to confirm my name and address!!! he told the solicitor acting on behalf of the lender that i have made contact and tried to work out a resolution to the problem and to stop wasting his time (in a nice but harsh way only a judge can do) !!! courts decision was to pay an additional £100 on each months payment.
In my eyes this was bad service on behlaf of derbyshire home loans - i want to remortgage with someone elese and will be doing so in the future hopefully!!

Does anyone know if i should declare that i am renting the property out? if it will increase my rates and if i dont tell them will they find out? im only renting part of the property and have classed the renters as LODGERS not TENANTS...

Peelerfart

beecher2 wrote: »

Well, good luck with that. There's been a crackdown on self certification, and you will have to prove your income to any new company. You won't get away with fraud this time round.

beecher, I think the OP is doing the right thing !.

He's got himself a profile on MSE and is building up his post count so he won't look like a newbie when he posts on the Bankruptcy board.

Sounds sensible to me :beer:

Wutang_2

was794 wrote: »

whats wrong with self certers and income fiddlers - as long as the mortgage is getting paid everythings cool. ?? or not in your eyes?
Its the big boys who have organised the chaos of the financial market who are to blame for the mess - if you see it as a mess that is?

Nearly all people and companies fiddle with there books and the vast majority will never get caught - in my eyes its fine

My personal situation is that I missed 1 mortgage payment (yes thats 1 payment boys and girls!!!) and the second payment was a reduced payment - tried to add the missed payment onto the balance of the mortage - Derbyshire home loans wanted full payment or they would take me to court - I kicked up a fuss with the management there and when i went court the Judge ruled in my favour within 2 minutes - i didnt even speak except to confirm my name and address!!! he told the solicitor acting on behalf of the lender that i have made contact and tried to work out a resolution to the problem and to stop wasting his time (in a nice but harsh way only a judge can do) !!! courts decision was to pay an additional £100 on each months payment.
In my eyes this was bad service on behlaf of derbyshire home loans - i want to remortgage with someone elese and will be doing so in the future hopefully!!

Does anyone know if i should declare that i am renting the property out? if it will increase my rates and if i dont tell them will they find out? im only renting part of the property and have classed the renters as LODGERS not TENANTS...

As a grown up, is it wrong for me to say 'lol'?

was794_2

beecher2 wrote: »

Well, good luck with that. There's been a crackdown on self certification, and you will have to prove your income to any new company. You won't get away with fraud this time round.

lol - self cert rates have gone up - used to be able to get celf cert mortgage with 10% deposit/equity - gone up to minimum of 20% i think...

Dont need to prove nothing thats why its called self cert ?!! maybe some of the big boy banks have started doing very very minor checks they were not doing before - like checking the borrower is employed where they have stated -. i can tell you there a MANY lenders who wouldnt ask questions on self cert applications as long as the minimum deposit is there -

Matt1982

Was794, I think you should approach a lender saying you want to self cert and that you have lodgers.

You clearly know nothing about the mortgage market as if you did you would realise self cert is no longer avaliable....go on tell me a lender who still offer self cert?

So you dont see the financial markets as a mess, well wake up.

I think you are also in breach of your T&C's of your current mortgage.

So not only have you lied to get the mortgage you have now breached it.

Well done big man.

was794_2

Matt1982 wrote: »

Was794, I think you should approach a lender saying you want to self cert and that you have lodgers.

You clearly know nothing about the mortgage market as if you did you would realise self cert is no longer avaliable....go on tell me a lender who still offer self cert?

So you dont see the financial markets as a mess, well wake up.

I think you are also in breach of your T&C's of your current mortgage.

So not only have you lied to get the mortgage you have now breached it.

Well done big man.

Damn man - self cert mortgages are still available - there are not half as many packages as there used to be because lenders have shelved them - thats not saying that ALL self certs mortgage packages have gone?

Have you tried typing in SELF CERT MORTGAGE into google?? lol

financial market is a mess - but is hasnt recently turned into a mess - it wasnt all perfect before was it?? - its always been a mess there is just more chaos than usual -

Im sure i am entitled to have a lodger or 2 in the house without declaring it - ive checked the terms and it makes it clear the property cannot be rented out without informing the lender - I still live in the property. i can lodge a room to whom i wish when i want without declaring - i am a big man ive heard from "small" women!!

Matt - i must say i do agree with you that honesty is the best policy - but sometimes you have to cheat to win ?

Matt1982

Self cert mortgages are not avaliable and this is evident by you not being able to name a lender.

Beacon, PHL and Cheshire were the last to offer self cert mortgages and dont know more!!!

Yes I have tried typing it in and also typed in how to make me a billionaire and guess what that didnt work....not everything you read on the internet is real.

I am sure the lender will see you renting out rooms as different.

Bending the truth I guess at times is ok I think we all do that but you are blantly lying and basically received your mortgage (money) by deception!!!!

was794_2

Peelerfart wrote: »

beecher, I think the OP is doing the right thing !.

He's got himself a profile on MSE and is building up his post count so he won't look like a newbie when he posts on the Bankruptcy board.

Sounds sensible to me :beer:

newbie ? building up my post count?
Money saving stalwart i do not daily count my post count in the hope one day i will reach enough posts to be upgraded to the next level !!

Bankruptcy ?
some realy nice helpfull people here....

1 to many pints maybe?

was794_2

Matt1982 wrote: »

Self cert mortgages are not avaliable and this is evident by you not being able to name a lender.

Beacon, PHL and Cheshire were the last to offer self cert mortgages and dont know more!!!

Yes I have tried typing it in and also typed in how to make me a billionaire and guess what that didnt work....not everything you read on the internet is real.

I am sure the lender will see you renting out rooms as different.

Bending the truth I guess at times is ok I think we all do that but you are blantly lying and basically received your mortgage (money) by deception!!!!

I must admit i did tell lies to get the morgage in the first place along with thosands of other people who did this...!! some of those people have now regretted it after being repossesed.

Matt -theres still mortgage advisors who can get you a sef cert mortgage of you have minimum deposit of at least 20-25% - i do know most of the major big boys have stopped there self cert packages - maybe the press has twisted this into saying "SELF CERT NO MORE" ??

COPY/PASTED BELOW :

"The number of self cert mortgage deals available on the market at the moment has drastically dropped in the last 12 months and currently stands at 72 mortgage schemes available in the UK today according to Moneyextra mortgage figures, a 70% reduction on the number available at the beginning of 2009"